The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-07-09
DEMAND ]: FOR St. P.
That Stock Bid Up II Near the
Opening.
GoULDs UNDER PRESSURE
After a General Decline New York
e. Central Is Rushed Up, but Meets
Little Response. -

New York, July s.-Coiorado Fuel opened
of a, large fraction and few of the rail-
road stocks were slightly shaded, but the
majority of stocks were higher. There was
peake & Ohio, and New York Central gained
sharply. Secondary quotations were some
what lower. \-.' ,--.., ~ ... ~. r ~. . =.
The bulls bid up some stocks which were
conspicuous for strength yesterday, causing
advances Of l@l1A in, St. Paul, Illinois Cen
trial. New York Central, Norfolk & Western
and Chesapeake & Ohio Colorado Fuel met
support and rallied ~, and the United States
Steel stocks were firm. New Jersey Central
and American Telephone rose point. Else
where the movement was irregular but mar
row and some stocks ran off. The Gould
group was under pressure. Missouri Pacific
and Western Union declining over point
| each. The heaviness of these stocks checked
the rise at other points and the leaders yield
ed fraction. Sugar reacted a point.
A general decline In prices reduced the
earlier gains to fractions or wiped them out
entirely. Sugar, Colorado Fuel, New York
Central, Illinois Central and the active Gould
stocks were sold freely and ran off from
l ITO w. = "a few minor stocks showed
strength, Colorado Southern second preferred,
New Jersey Central and New York Air Brake
| advancing ~ each, Lackawanna 2A and Chi
cago & Eastern Illinois and Minneapolis &
St. Louis a point Others in this class were
weak, anaconda losing 2 and 'DlSt1lllng pre-
! ferred, Ice preferred, Chicago Union Trac-
| ton and Railway Steel Spring. preferred
each. Near. midday New, York Central was
rushed up rapidly to 159, but the general
market responded only slightly. ,..
| There we're further declines here and there
| but the undertone was steader. Amalga-
! mated declined a point and New York Cen
| trail and Colorado Southern second preferred
reacted as much. Anaconda and General
Electric lost points each, while Pullman
gained g.. "A block Of $500 shares Of Pennsyl.
| vania changed hands at 154, causing little
better demand for the stock from the traders
| There were a few wide advances, but ir
| the active list the tendency was lower. Sugar
| receded to 126 and St. Paul and Missouri Pa
| cific and some other active stocks touched
| the lowest Of the morning. Pullman rose
Chicago & Eastern Illinois, ~; American Elk
press, 2, and Buffalo,, Rochester & Pitts
burg, IA + =: 5}@ 49,. K.
! There was a fall Of a point in Louisville
| from disappointment oyer the nonincreas'
| IRENE 11z and Continental Tobacco preferred
l.. Anaconda broke 8, land .Amalgamated re
ceded to 60, General Electric rallied 8, Pressed
Steel Car rose 11s and-Reek, Island. about 1
point Some large taking of United States
| Steel lifted it half, but without effectuall.
! checking the sagging~ tendency OF the mar
ket. The closing was DUH and heavy.
| Bonds were irregular. u.
Stock quotations reported for The Journa
by Watson & Co., brokers, Chamber Of Com
merce, Minneapolis: | -' =
| Closing figures are bid,