The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-16
BULLS TAKE A HAND.
Satisfaction at the Strike Settle
ment Reflected in Advancing
Prices Of Stocks.
Liquidation Results in Only Temper
!. ary setbacks-Money Wanted
~...a at s Per Cent.

New York, Oct. 16.-The announcement from
Washington that the end of, the coal strike was
virtually assured by the acceptance Of the min
ers' representatives Of the terms presented,
caused great satisfaction in Wall street and was
reflected in ali, active aud advancing market.
The news was acted upon In the London market
long before our opening here; and prices were
hlifted NATURALLY for many Of the Internationally
listed stocks Buying was In large blocks
throughout the list at the opening here and the
coal stocks opened wide with average gains OF
point. - - .4J. ( ...s- -
There were 5000 shares Of Pennsylvania traded
in at from 1853 to 1888 In the general list
advances of point We're reported in st. Paul,
Missouri Pacific, Louisville, Canadian Pacific,
Atehison, Union Pacific and many of the special
ties - WI, - -
Large amounts Of stock were liquidated on the
rise, and there was an, immediate setback In
prices which was, however, limited to fractions
aside from Louisville, which fell n. Buying
by the short interest and the purchase of some
considerable stocks for the long account rallied
the market quickly, and declines were generally
made up. Louisville 6 Nashville, Illinois Cen
trail, Atchison, Norfolk s. Western and Sugar
sold higher than at the opening. st. Paul also
came up smartly but yielded again to last
nights level while Reading was sluggish around
69h. General Electric jumped 6 points, At IL
O'Clock the market was queter and irregular on
small range. 81 /.
The market overcame it's hesitancy and rose
aggressively again to the highest. Many 'impor-
tant stocks sold between 2 and points above
yesterday, the llSC lncludnS LOUISVILLE, lll1AoI5
Central, Delaware g. Hudson, Chicago s. North
Western, Norfolk & Western, Hooking Valley,
Canada Southern, Consolidated Gas and the Col
oradO G. Southern stocks. Lackawanna jumped
5h and United States Express 1OA.. Very large
purchases were made In the Pacific and the
Southwesterns, but the coal stocks were less
active. Now that the coal strike is less I'M
portant as market factor there was some dispo-
sition to discount the expected relief to the
money market by the runored government bond
purchase Dy Secretary Shaw.
Call loans opened at 8 per cent and were In
active demand. Toward noon the market easeo
off again on realizing and the activity ceased.
Bonds were firm at noon.
Pennsylvania and the stocks of controlled roads
became the leaders Of the market, especially nor
folk & Western, which advanced over y points
to TIN. The market otherwise was quiet ano
featureless, but the best prices were well main
| tanned generally.
Prices yielded in spots on traders selling. not
ably in Reading, Missouri Pacific and LOUISVILLE
Their influence the general market was large
| ly counteracted by heavy buying OF st. Eau
| and Sugar, which forged upwards steadily. IN
general list in, the main was feyer1sh' out I'M
price movement not important. .
| The market burst into activity again IN I'M
| final hour and blocks Of 1000 or more snare
| of various prominent stocks were taken at az
vancing prices. Very circumstantial reports Wer
circulated regarding the rumored purchase o
| government bonds by Secretary Shaw hoon
shorts covered heavily and buoyant rise II
| Norfolk & Western to 80 was due to rumor
of increased dividend Closed active and strong
| Stock quotations reported for The Journal b!
Watson & Co., brokers', Chamber Of Commerce
| Minneapolis:
| Closing figures are bid.