The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-30

DROPPED 1913 TO l63.
Violent Slump, in international
Power and Some Rally.
THE MARKET GETS FEvER1sH
But Receivers Its Poise Later-Inter-
est In Great Western and
In NOrthwestern.

e New York, April 3O.-The stock market
opened rather dull. There were declines here
ana there among the active stocks but the
majority showed gains which reached from
I to TX In St. Paul, Rock Island, North
western, Illinois Central and Canada South
ern. Chicago Great Western advanced an
extreme 3A on the taking of some large
Dlocks. Inc Readings were somewhat de-
pressed t5s
The market was making some upward
progress when the tone was unsettled by a
violent slump in International Power. That
STOCK opened at 1877, rose to 1913 and then,
cropped by intervals of 1 to 3 points to 1863
The rally was equally erratic and showed
one jump of five points on a single sale
Inc stock touched 182 on the rally The
general market became feverish but later re-
covered. On the decline Northwestern broke
. and Locomotive a point. Chicago Great
Western advanced III on large dealings.
Wheeling & Lake Erie first and second pre-
ferred, Lead preferred, Michigan Central and
United States Reduction rose to 2 points
but We're reactionary afterwards. ST. Paul
was marked up to 1875 and the market rallied
IN sympathy. Detroit Southern preferred adj
vanced ~
Illinois Central became the feature of the
market and advanced over points on large
dealings. Other prominent railroads stinened
but reacted later when st. Paul declined.
Northwestern recovered points and Chicago
Great Western preferred B and New York,
New haven Hartford gained 1@11a. In
aternatlonal Power improved to 183 fell off
to 179 and became dull Manhattan rose tx
and Sugar showed some strength. Grass
Twine and the Ice stocks lost 1@1h, The
market was quieter than for several weeks
St. Paul rallied to 173A and Missouri Pacific
came up about point Bonds were irreg-
ular at noon.
Z Stock declined abruptly after midday, fol-
lowing heavy selling OF the Atchison, Reading
and United States. Steel STOCKS Earlier ad-.
Vances were IN many cases wiped out and
sharp losses established. Business was very
active on the decline and the market showed
little rallying power when pressure mo-:
mentarily ceased. Declines from yesterdays
close reached between 1 and 2 points in AZ
Gibson, the Locomotive stocks. Canada.
Southern, Canadian Pacific, Chicago. indians
apolls q Louisville, Cleveland, c., C. & st. u.
Colorado Fuel, Delaware & Hudson, New.
York Central, New York Chicago & stLouis.
North American, Reading common and the
second preferred, st. Louis & San Francisco
Kansas & Texas preferred, Hooking Valley,
tennessee Coal and Wheeling & Lake Erie
common and second preferred North Ameri-
can lost 21a, Pacific Coast az, American Ice
preferred 3B and Northwestern s.. Illinois
VAN % eAAu NJ 4 dui SUlu Ol over pQlQC
from the best prices. international Power
dropped back again to 1862 American Lin
seed rose asand ,thes preferred and Union Bag
preferred points each.
A rise to points over last night in Sugar
brought some rallies in the specialties but
the market continued feyerish and was up-
set again by sudden drop of in American
Locomotive ard Az in the preferred. Rail-
way Steel Spring fell and International
Power dropped back to 1852. Railroads fell
lower than before and the number showing
net declines of point or more was largely
added to.
The course of prices continued downwards
but small industrials and specialties were
most affected. North American dropped 6,
American Grass Twine and Keokuk & Des
Moines SIS. Amongst the active stocks Colo
RADIO Fuel Fell M and several others between
and points Locomotive rallied 2ss and
there was covering by shorts which induced
general upturn..
Stock quotations reported for The Journal
by Watson Co., brokers' Chamber of Com
merce, Minneapolis:
Closing figures are bid.