The Minneapolis journal., 1902-09-30
A TIODE]N NJ REBOUND
DECEMBER DIPS TO 6434c. on. EASY TRADES1AT
The Secretary ! Work Reassures the
Stock Market at the
So 81: 10y q t@s&2a
Opening.
But Opening Prices Are the Highest
Up to Noon Money Rates
Still High.

lent rebound yesterday denaoralized clos
Ing. The Developments over night. including
the measures proposed by Secretary Shaw by re-,
leasing large credits TO the market served to
completely reassure sentiment over the money
outlook. First sales ofaprominent stocks were
900 to O0ot shares the latter Missouri Pa.
extreme Oh over last nights close Other vio-
lent recoVeries were St, Paul. Az; Manhattan,
Louisville g. Nashville and Atchtson points:
New York Central and Baltimore & Ohio 31s,
Canadian Pacifcs 35A, Brooklyn Transit, Union
Pacific, Western Union and General Electric
9 points,, and the market generally from frac-
tion up to points.
/ Opening prices were. the highest all around,
asE a rule New. York Central rose over point
higher. and few stocks advanced an additional
sfrac tion. There was heavy unloading at the high
level by traders who bought yesterday and prices
We're beaten back again. Louisvilles y rise was
completely wiped out and Missouri Pacific re-
lapsed 31a Reactions ran from 1 to 11A in the
principal active stocks illinois, Central reacted
2 and Canadian Pacific 1%: fluctuations were
wild and varied II to a full point between sales
in both directions :" =. " - = :,
The market stead1ed and became comparatively
quiet before II o'clock, and recovered from the
lowest
Some stocks reacted further before a demand
for st. Paul lifted it to 1895, the best OF the
morning. Prices all around them hardened but
they failed to get back Ito the highest Inc
maintenance of the stiff money rates, all loans
ruling at from 10 to 10 per cent, checked ami
nation. Louisville was fraction under last
night at noen. Bonds were steady at noon
| Another buying movement carried st. Paul
to 1905; and s5some other stocks higher than
the opening level, notably Reading, Illinois Cen
tral,@ Union Pacific, Amalgamated, United States
Steel preferred and Sugar. The average price
level was lifted to the best Of the day, but
fractional reactions followed. and the market be
came very dull " e.'3 StgS = 2s~s*1s : =
Prices were well held during the dullness and
business s1ivened up late and higher level re:
suited all round under the lead of Manhattan ana
ST. Paul, which sold at 1874 and .191 IS 3respec:
lively. By 2 o'clock the market; was animated
and advancing rapidly. Lackawanna jumped -
sloss Sheffield .sttsge1. dropped s points. =
The money market became easier ana STOCKS
were bought again in large volume, prices rising
higher than before The; coalers were very
buoyant, Reading rising ~ and Delaware q
Hudson 5k. st. Paul's extreme rise was a
the prefersed s, Illinois Central 6h PEI Pennsyl. 81
| vania 6, North American 5S1S, Manhattan y,
General Electric g. and Union Pacific, Baltimore
I:& Ohio Louisville and Sugar or over. 1ester.
| days heavy losses in prices We're IN some cases
more than recovered. The closing was furiously
| active and buoyant.! s'S -: - -,
stock quotations, reported for The Journal by
Watson 8 Co., brokers' Chamber OF Commerce.
Minneapolis. p Closing figures are BID.