The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-15
A STOCK <. ]. RECOVERY ! J F ]
Good Advance in Prices Marks the
First Hour.
$ = = - - : --- --
SUGAR STOCK MARKED UP HIGH
Market BECOMES Intensely Dull at
an Advance and Closes
steady
S. RULESlN ALL THE. GRAIN MARkETSA ST
SUGAR STOCK MARKED UP HIGH

New York, Jan. l5,-Many leading stocks
recovered fraction of yesterdays losses IN
the opening transactions. New York Central
rose w and Glucose IL. On the other hand,
many stocks showed continued depression,
but the losses we're fractional. Prices made
a good advance during the first hour. Stocks
which We're sold heavily yesterday were most
in demand, and especially ST. Paul, Atchison,
Rock Island, Missouri Pacific, Delaware &
Hudson, Great Northern preferred, Sugar,
Peoples Gas, Tennessee Coal and the trac-
tons; which rose from to%11a points. Glu-
cose rose to -46H and New York Central
touched 1853. Consolidated Gas gained 3M.
Traders took profits at the high level and,
reaction of point in Manhattan influenced
other stocks unfavorably. 40
The market developed some irregularty in
the second hour, but: the fluctuations either
way were unimprotant until a heavy buying
movement broke out In Sugar, which carried
ut Sh above yesterdays close, the price touch
ing 121M. The short interest became alarmed
at the successful market lifting prices quite
generally to the best Of the morning. Con-
spicuous strength was shown by st. Paul,
Northwestern, Union Pacific, Illinois Central,
Chicago, Indianapolis & Louisville, Atchisou
preferred, United States Steel and Amalga-
mated Copper. An increase in the dividend
rate on New York, Chicago & St. Louis second
preferred caused rally Of points in time
bilt securities. New York Central gaining ~
in all. Pittsburg, Cincinnati & St. Louis
declined 212 and Consolidated Gas fell off 2
from the best The Erie stocks sold
on their rally, but without effect on the gen.
eral market, which was dull and about the
best at midday
Prices slipped off again on very dull
market, and Peoples Gas broke points, to
near 80. Reactions of a point or over were
made in Sugar, New York Central, local
fractions and some less important stocks.
Peoples Gas was raided down four points
before support became effective enough to
lift it above 80. The denial of injunction
against the enforcement of a Use gas
ordinance caused the break. The general
market was inclined to harden when the
liquidation Of this stock was checked, but
few recoveries Of consequence occurred. Su-
gar reboundedSt to 121 and Locomotive pre-
ferred point. Pullman rose points on one
transaction. Chicago Great Western pre-
ferred declined 1Rc. The market became
very dull and Peoples Gas showed renewed
weakness.
The Indifference of the market to the break
in Peoples Gas prompted renewed covering
by the shorts, who lifted the Readings, Erie
second preferred Hooking Valley, Pacific
Mail, and Southern Pacific to points over
last night The market leaders got slightly
higher than before. The market became in
tensely dull at the advance and wavered
somewhat. Lackawanna fell 7B. The closing
was about steady.
Bonds were irregular.
Stock quotations reported for The Journal
Minneapolis. '"
Closing figures are bid. -,