The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-04
REALIZING IS HEAVY
Sharp Reactions Follow Advances
in Wall Street.
ST. PAUL DUCKS. BUT 500 RISES
Former Afterward Rallies. Reach-
ing 17OA on Enormous
transactions.

New York, April 4.-There were heavy
purchases of the Changers and Pacifics and
OF Louisville in the opening dealings and
sharp fractional gains were frequent through
out the list. A sale Of 5000 shares of St
Paul was made at 1925 to 1891, compared
with 1894 last night. and the price wayered
on subsequent transactions. Louisville ad-
vahced nearly point Or running sales Of
$500 shares and Union Pacific was up u on
the transfer Of similar lot. st. Louis &:
San Francisco rose 1as and Columbus &
Hooking Coal over point.
There was heavy realizing on the advance
with resultant sharp reactions in leading
stocks. St Paul dropped a point under yes
terday's close and Colorado Fuel 2. Reac-
tons from the highest reached point or
more in Sugar, North American, Hooking
Coal, New York, Chicago & st. Louis second
preferred, Hooking Valley and st. Louis &
San Francisco. The two last mentioned had
made gains OF Ia and 2 respectively. A few
stocks were lifted despite the general tend
ency American Telephone and Telegraph
advancing 3h and 500, Anaconda, Car pre-
ferred, Railway Steel Spring preferred, Pa ).
citc Mail and Cotton Oil 1 to IA North
western preferred opened down points, but
the common was steady. Near II O'Clock St
Paul aud Colorado Fuel rallied strongly
Colorado Southern second preferred rose 9
anc Union Pacific made a point gain. The
market became frmer all around, but less
active.
Railroad stocks made a general rally under
the lead Of st. Paul, the Pacifcs and South
Westerns. ST. Paul reached 17ON on enor-
nous transactions. The high prices of the
morning were made in these stocks the gains
IL the southwestern group running 10 ~
Colorado Fuel retrieved all of its loss and
thee was strength in Amalgamated, Peor
pies Gas, General Electric, Colorado &
Southern and Pittsburg, c., c. & ST. Louis,
which advanced between l and 2 points, Sugar
and the United States Steel stocks were
heavy. Northwestern lost and recovered it
and the preferred rallied 21a
The demand became cuieter for the gran
gers. but Illinois Central was pushed I'D 2
and Louisville & Nashville IN. st. Paul pre-
ferred was rushed UP 61a. Chicago Union
Traction rose 1ss, the preferred 121s, New
York Dock Az, New York & New Haven 4,
Railway Steel Spring w, the preferred 8,
Peoria & Eastern and Locomotive 1, and Ka-
nawha G Michigan is. The general railroad
list was quite firm, but was not largely dealt
in. Colorado Fuel weakened again, and Sugar
ran off 21s. There were a number of impor-
tant stocks below last nights level. st. Paul
was suddenly taken in hand again and rushed
up to IT,
Traders took profits in st. Paul and it fell
off more than a point The setback had only
momentary effect on the general market, as
September stocks were pushed upward Bal
timore Ohio was bought heavily at an ad-
vance OF IL. Lackawanna rose ~. and
Atchison preferred, Consolidated Gas, Metro
politan Street Railway, Brooklyn Union Gas,
Michigan Central, Delaware & Hudson, Kan
sas CITY Southern preferred and Wheeling &
Lake Erie first preferred rose 1GD1A New
Haven got up 5 and reacted /, and Iowa Cen
trail preferred. International Silver and
Pressed Steel Car preferred gave way to a
similar extent New jersey Central lost 2
Just before . o'clock Pennsylvania was lifted
point. The general market was dull but
steady.
All of the New York public utilities were
brought into the movement with advances of
~ to 2ss. New York Central rose a point,
Distilling preferred 13s, United States Ex-
press and Nashville, Chattanooga & st. Louis
2, and Michigan CentralNS. The whole list
then yielded to realizing, which reduced the
principal gains to fractional limits. North
western fell points under last night and
Rock Island, Buffalo, Rochester. & sPittsburg
1. Lake Shore sold at 1885, The closing was
dull and steady
Bonds were firm and the speculative issues
in demand.
Stock quotations reported for The Journal
by Watson & Co., brokers. Chamber of Com
merce, Minneapolis.
Closing figures are bid. 3.