The Minneapolis journal., 1902-05-16
EFFECT OFST]RIKE
Prices Carried Down Sharply at the
Opening.
READING STOCKS suFFE
some Recoxeries I'm the Second
Hour, hut the General List
Was Weak.

New} York, May 16-The decision Of the
anthracite miners to make their strike -perma-
nent carried prices down sharply throughout
the list when trading commenced this morn
ing. The sale Of $500 shares OF Reading
caused a drop Of rs nSthe stock and the price
to ~ In Delaware g. Hudson. Pennsylvania,
Reading SECOND preferred, ST. Paul, Union Pa
cfnc, Atchison, Canadian Pacific and Cotton
Oil. .evf
The Reading stocks made further declines
but the general movement was uneven. There
was some recovery in the Pacific stocks. west
ern stocks, Amalganlated and Sugar but the
trunk lines, Southern and Vanderbilt stocks
were weak. New York Central, Canada South.
ern Louisville, Illinois Central. Hooking Val
ley, Toledo, st. Louis G Western preferred,
Wisconsin Central preferred and ChicaGo
Great Western preferred '.B'' declined 1@1A.
General Electric, New York Air Brake and
Westinghouse Electric lost 8 points each. Chi
'cago & Alton rose to near 80 without causing
much Improvement elsewhere. 5as 4E. =:
The active stocks held about steady for a
time and were almost lifeless. Some of the
minor stocks lacked support, St. Louis & San
Francisco and New York, Chicago & st, Louis
common and second preferred losing 1@11s and
General Electric and Westinghouse Electric
extending their losses to 1905 points respec--
lively. Toward noon there was general SELL
ing movement. Colorado Fuel 21s, Rutland
) preferred, Pfttsburg, Cineinnati, Chicago &
st. Louis and Reading 2Aa; Northwestern g,
Rock Island, Louisville, New Haven, Cleve-
land. Lorain & Wheeling w and leading
stocks in the principal active groups to. 2.
hsome Heavy sLosses. .-eysso
: The general market became practically stag=
nant and made no efectual rally. Prices cen-
tinued to drop here and there Rutland pre-
ferred fell points to 80. Des Moines & Fort
Dodge lost IN and Keokuk & Des Moines pre-
ferred TO- n $
The market livened up for while when the
bears renewed their attack on the Coalers.
Reading common fell 8 andrDelaware g. Hud.
son 31k and prices all around were lower than
before. Rock Island, ST. Paul, Illinois Cen
tral. New York Central, Union Pacific and
Louisville were or more points off and there
was no indication Of support at any point
The high priced inactive stocks worked lower
New Haven figuring for a:z3 point loss and
General, Electric and Westin ghouse Electric
Z points each: Rutland preferred brokes13 il
all and Keokuk & Des Moines preferred b..
Rutland preferred recovered and Della
| ware & Hudson about "a point but the rallies
generally were trivial The downward cours,
| was renewed and extended to new points
St.. Joseph & Grand Island first preferred los
| ~; St. Louis & San francisco, 2s;iDetroi
| Southern preferred, Pullman & Fuller Con
| /, ,struction, 2, and Peoria & Eastern, 3. Sugar
scored almost. q full recovery at the last; bu
| the closing generally was inanimate at ;abou
| the lowest. ~
Bonds were irregular.
Stock quotations reported for The Journa
! Minneapolis. ( ~ ;r.s s-5sst
! Closing figures are bid. Z s.