The Providence news. (Providence [R.I.]) 1891-1906, 1902-04-17
FINANCIAL NEWS
BULLS AND BEARS.


Wall Street. Aprll 1.-THE stock market
opened strong. Amalgamated Copper 64%.
Atchson SVat do preferred 9Sis Baltimore
and Ohio l03i4; Colorado Fuel and Iron
l0i n los; Colorado Southern 29N, Chesa-
peake ana Ohio 47a., Erie 3sti. do Isl pre-
ferred 65S Louisville 12i. Manhattan
1884. Missouri Pacific foi4- Norfolk and
Western 517s. New York Central l6i. on
tario and Western s3H, Pennsylvania
l5OA, Reading 60is Mi5, do Cd preferred 20;
81. Paul l71A. Sugar 1874, Southern 36ai,
Southern Pacific g. Texas Pacific i37s.
Union Pacific u lo2iz United States steel
Al. do preferrtN 93ss. Western Union 9lis,
international Power l5l Gfl53.
Enormous buying orders were executed
In various stocks. notably among the
coalers and Wisconsin Ccntral and prices
rose throughout the list. Opening sales
of Reading were OF $500 shares ~ co.'s
q Gol3, compared with b9is last night and
1900 shores of Wisconsin Central were
sold simultaneously al 2Sis a 2s compared
with a7i4 last night Colorado Fuel opened
wide at l04 q 105 compared with 1925
last night. International Power jumped
and Iowa Central preferred 2is and there
were gains OF point or upward in
number OF other stocAs. Amalgamatcd
Copper opened down n sharp fraction.
Northwest point and Southern Railway
a quarter but this did not affect the
strength of, the market
The Opening strong stocks showed cf-
feets OF profit taking Wisconsin Central
rcacting las, Sugar nearly point and ST.
Paul selling under last night. The coalers
held well, Reading rising to 6lB but the
PaCifics. the soft coalers and some OF
the Southwesterns yielded. There were
gains OF between l and points by some
less active stocks, the more important OF
which were Canadian Pacific, Tennessee
Coal. Chicago indianapolis and Louis
flaxs l..s.. a N1a.,
Chicago Great Western stocks and the
Chicago Terminal stocks. The United
States Steel stocks were taken after "A
long period of neglect and gained about
a point each. Amalgamated recovered its
decline and Manhattan rose nearly a
point. American Express gained 8, United
States Express and North American ~
and Iowa Central preferred extended its
rise to 8. Fort Worth and Denver City
stamped rose pa International Power
continued it's remarkable rise to 1856.
Louisville was sold down 29s TO 1924 and
the Southern Railway stocks were quiet
and a shade under the opening. North
western lost . points.
The high-priced coalers came into the
advance. Lackawanna jumping Ga, New
Jersey Central and Delaware and Hud-
son 2. Rock Island was also lifted ~
and Atchison l. Selling of Amalgamat ted
carried it below 64 and weakened other
STOCKS. southern Railway lell 10 % anu
the advance i'm many other prominent
stocks were wiped out or reduced. Inter-
national Power broke s. Bonds were ir-
regular.
The midday dealings were on an un-
usually large scale and the price move
ment was very feverish The Reading
stocks were bought in immense blocks
and reached their top level, the common
touching 6l& and the I'd preferred 7Oss. In
ternational Power rallied points to 1853
and Colorado Fuel was pushed up again
to near 106 Ontario and Western made
gain of lis but the high priced coalers
were lower. Louisville spurted from 122A
10 1861. and large blocks OF Southern Rail-
way were bought bringing IL above 81.
Heavy buying of Amalgamted began sim
ultaneosuly with the announcement of
reduction in the quarterly dividend to X
Of per cent and the stock mounted to 66.
Traders sold Sugar. the Pacifics, Man
haitian and the Grangers under cover OF
this strong movement and drove St Paul
down to l69A.
The market became quieter and there
were some reactions Amalgamated Cop
per after touching 66h fell back below
Go. Nashville, Chattanooga and St Louis
were rushed up points and y. Y. Air
Brake ga, Denver and Rio Grande 2is and
Pittsburg, c. G. and ST. Louis, American
Locomotive and international Silver Ia
and .. National Salt dropped and Pull
man 1ia There was some recovery in
priced, Reading rising TO g.