The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-09

TREND DOWNWARD.
Large Sale Of Union Pacific Carries
It Off.
RECOVERY ONLY TO DROP AGAIN
Dull and Weak at About the Lowest
Is the Way the Market
Closes.

New York, Jan. 9.-Manhattan spurted up
ward ~ at the opening and there We're few
otner stocks showing small gains, but the
principal ste cks tended downward. Sugar lost
nearly a point. The sales of 5000 shares of
Union Pacific carried it Off H. The market
generally was dull. Sugar rebounded to l24ts,
OFFS ABOVE Yesterdays close Manhattan was
marked up SB in all, touching 1898, anu
metropolitan Street Railway. rose a point ~
sympathy New York, Chicago & st. Louis
second preferred, which had opened down !,
rallied 2A, and common stock and Pittsburg.
Y. Y. q st, Louis rose 1111a. Glucose Sugar
rose lts. Other stocks became hrmer as a
result OF these special movements At 1926
the realizing sales began to outweigh the
demand and there were many important set
packs. Sugar broke to l221a, Amalgamated
lost points and ST. Paul Erie second pre-
terred,5 United States Express, Union Pacific
and Manhattan fell point or over. The
United States Steel stocks were rather dull
and fractionally lower
The market lapsed into dullness, but subse
quent rallies were small and fitful and the
undertone remained heavy. There were a few
wide changes in less prominent stocks, rubber
goods preferred, Union Bag preferred and
Linseed preferred declining 1@1M, while
PlttsbNfg, c., c. & ST. Louis extended it's
rise to rs, General Electric, Canada Southern,
st. Louis & San Francisco and the New York,
Chicago & St. Louis stocks 1A to 21a. Sugar
shot up to 1858, but the market continued
irregular, prices receding elsewhere. Della
ware & Hudson fell IN under last night and
Erie first preferred a point.
The market hardened until prices o. promi-
nent stocks approached last nights level and
then became hesitating and irregular. Ameri-
can Tobacco old stocks sold ZIP points; Lake
Erie & Western and Lackawanna rose IN
each. Sugar, after touching 1854, reacted
over point. Stocks worked slowly down.
ward in the absence of any important de-
mand. Atchison preferred and international
Pump scored net losses of a point, while st.
Louis San Francisco, Rock Island and
Chicago Great Western preferred B sold
to IA below their highest. Heavy buying OF
Manhattan developed later and it reached
l40as. pulling along Metropolitan to 1862 and
rallying Brooklyn Transit point from the
lowest The buoyancy of these stocks did not
much benefit the general market, which was
pretty much at standstill at , o'clock.
Realizing in Sugar and Manhattan turned
these stocks downward and tired holders
threw over stocks generally making the low
est prices of the day. Sugar reacted 81,
Manhattan and Metropolitan Street Railway
reacted about 2. Delaware & Hudson was
carried IN below last night; St. Paul rs, and
other leading stocks, including the United
States Steels, from l to ~. The market
steadied for time but closed dull and weak
at about the lowest.
Bonds were irregular.
Stock quotations reported for The Journal
by Watson L Co., Chamber Of Commerce,
Minneapolis, MIMI ire
Closing prices are bid