The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-03
STOCKS RISE A BIT
But They Lose No Time in Sinking
Back.
RALLIES APPEAR IN SOME CASES
Failure of the Supreme Court to De-
eide Securities Case Has
Powerful Effect.

New York, Feb. 3.-Prces OF all stocks rose
on opening sales, but the gains reached a
point only in Sugar, St. Paul and United
states Express. Amalgamated Copper rose S
and then ran off to below Saturdays close.
The dealings were in fair volume and well
distributed. Purchases Of the transcontinen-
tai stocks were large for time, causing Union
Pacific, Southern Pacific, Great Northern pre-
terred Minneapolis, st. Paul e Saulte Ste
Marie preferred and st. Paul to advance from
TO points. Specialties meanwhile were
weakening and eventually Sugar lost nearly
all its rise. Peoples Gas sold off a point
ana Amalgamated ruled over 2 points under
Saturdays close. Liquidation in these stocks
affected the railroads later and there were
some declines Dstilling preferred rose 15s
and General Electric 2.
Large buying orders were again executed
in. the Transcontinental group, and these
stocks all sold higher than in the first hour.
Short covering in Sugar, Amalgamated Cop
per and the fractions rallied them substantl-
ally after Metropolitan Street Railway had
lost Ia, but the industrials became fever
| ish on the advance and fell off again. Colo
| RADIO Fuel gained rs and Lackawanna 91s.
Sugar and Amalgamated Copper were pressed
| for sale and fell back to the lowest and the
general market yielded in sympathy. r.
The market became feverish as the time
| approached for the supreme court TO as
semble. When it announced that no de-
cison ready in the Northern Securities
company case the mornings gains melted
rapidly away and were gone in a few MIN
utes. Prices of railroads generally steadied
to about Saturdays closing level but ROCK
Island fell point under and recovered It..
The market became very dull. Prices re-
| acted strongly in spots under an active de-
mand for the Coale1es. LackaWanna led this
division and made a sensational rise of 14h
points to 294, with jump of points on one
transaction. Reading common and second
preferred, Erie second preferred and Della
ware & Hudson gained 1@1ss. Colorado &
| Southern first and second preferred and
| North American were between 1 and points
| higher and Southern Pacific was lifted above
| SO again. The specialties Jagged, particularly
! Amalgamated Copper, which hung at about
76c. The market reacted all around again,
| under heavy selling of the western and Pa
cific stocks.
Prices fell back again. Lackawanna re-
acted 4. Chicago & Eastern Illinois dropped
1A under Saturday. The Minneapolis, st.
Paul & Sault Ste Marie stocks showed re-
newed strength; the common rising an ex-
IRENE 21s and the preferred 31a Duluth, South
| Shore & Atlantic preferred rose a point in
sympathy. Hooking Valley preferred gained
| IL. Late in the day Amalgamated Copper
sagged to 7514, with a depressing influence on
| the general list. The close was dull and
| heavy.
| Bonds were steady.
Stock quotations reported for The Journa
| by Watson G. Co., Chamber Of Commerce
Minneapolis
Closing figures are bid.