The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-13
TRANSIT ON MARKET
Brooklyn Stocks Early Figure as
ssSinkers.' =
THE OTHER LEADERS ADVANCE
Market After Recovery From
Bear Onslaught.

New York, Feb. 13-Six thousand shares OF
Brooklyn Transit were thrown upon the mar
ket at the opening, selling simultaneously at
% down to sly, compared with 64s4 on Tues
day. Metropolitan Street Railway fell rs in!
sympathy. American Express also was off
points. Prices generally were disposed to adj.
vance and gains reached a large fraction in
some OF the prominent active stocks. Iowa
Central rose TX and Reading second preferred
advanced point. Supporting orders held
Brooklyn Transit around 62, but other active
stocks ran off. Sugar lost over point. There
was wide upward movement among some
of the minor stocks, Colorado Southern and
the second preferred, Minneapolis & st. Louis,
Des Moines & Fort Dodge, Pullman, Texas &
Pacific, Norfolk & Western and Smelling rls-
ing a point. General Electric jumped j. Gu
cose lost 2 and $500" preferred declined a
point
A appoint rise in Texas & Pacific, to 42a4,
caused demand for other southern ana
southwestern stocks, and Southern Railway
preferred St. Louis South western stocks, Wa
bash preferred. the Denver & Rio Grande
stocks, the Kansas & Texas stocks and Mis-
souri, Pacific rose 1@2. The Colorado &
Southern stocks also brought highE prices,
the first preferred touching 611s. Texas &
Pacific land trust was active at rs points I'M
provement. Consolidated Gas rose 1B, Brook
Ign Union Gas 2, North Western preferred 3,
and Kanawha & Michigan and Third Avenue
& point. Other stocks had been sagging, in
Guiding some of the early strong features, but
when the buying of the southwestern group
got in full swing it checked the depression
elsewhere. metropolitan Street Railway raj
lied to above Tuesdays close and Sugar re-
covered a point. The market then became
easier and duller.
riy inst Am ali it
under Tuesdays price. There were reactions
of to ~ in Texas & Pacific, st. Louis South
western preferred, Rock Island, Manhattan
and Smelling, Nashville, Chattanooga & ST.
Louis lost 21s and Wheeling & Lake Erie
preferred point. Many leading active stocks
were we'll below Tuesdays prices. The mar
ket dropped constantly on light offerings and
the morning advances in the Southwestern
stocks were largely reduced. Manhattan was
the principal feature, sales dropping it over
2 points to below 131. ST. Paul, Rock Island,
Southern Pacific, New Jersey Central and
Erie second preferred also showed net losses
of a point more. Lackawanna advanced
points. --.- .. ra-.
Northwest lost and the preferred reacted
/ 81 and losses of l to 11a included Lake Erie
& Western preferred, Illinois Central, New
York Central the Toledo, st. Louis & West
ern stocks, Tennessee Coal and st. Joseph (
Grand Island first preferred. The demand
at the decline made sharp competition with
the bears when they tried to cover and there
was a vigorous rally. Manhattan recovered
~ and Reading second preferred 1. Colorado
& Southern was carried 2A over Tuesday
Wells Fargo rose 21a, Indianapolis & St. Louis
preferred 2 and Baltimore & Ohio nearly 4
point. A break in Amalgamated Copper te
i 21a under Tuesday weakened the market
anew. The closing was active and somewha
! irregular.
| Bonds were irregular.
| by Watson & Co., Chamber of Commerce
| Minneapolis. 90. 80.
! Closing figures are bid.