The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-18
IS ENORMOUS
General Advance Characterizes the
Opening in Wall Street.
MARKET PROMPTLY GETS .sPoTTY'
Active and Irregular Close, After
Canadian Pacific and Lin
seed Grain.

New York, April 1S-Buying orders on an
enormous scale were executed all through the
list at the opening. The opening quotations
were wide, in some cases on running sales
OF several thousand shares. There were 3d.
2OOO shares OF Reading sold at 81 to- SO COM
pared with 611a last night, and 1000 shares
of Colorado Fuel at 1922 to 1OSaz, compared
with 1O5B last night. First sales of American
Locomotive were of z, 0G0 shares at an ex-
IRENE advance of a point, the preferred, also
rising ~ and of Atchison $500 shares at an
advance OF point and of 5000 shares Of
United States Steel. There were sales of 1000
Z to over 1900 shares of other stocks and gains
OF from l to points were made by Louis
Vile & Nashville, Denver & Rio Grande, IL
linois Central, Chicago Terminal Transfer
preferred, Atchison preferred and New York
Air Brake. a
The market became "spotty'' Realizing
drove Atchison common and preferred, Sugar,
Colorado Fuel, Illinois Central, New York
Air Brake and Louisville down from l to 2A.
New favorites included Brooklyn Transit,
Manhattan, Erie second preferred, Canadian
Pacific, Rock Island, Nashville, Chattanooga
and ST. Louis, st. Louis Southwestern pre-
ferred, Tennessee Coal, Hooking Valley, New
Jersey Central, Western Union Peoples Gas
and Wisconsin Central, which advanced from,
1 to ". New York Central sold ex-rights
at 100 to 1908 and reacted below 100. The
rights brought 4%@5as. Fort Worth g. Den
yer City stamped rose 3h. Amalgamated was
weak and fell Ito 63s4:: The market at II
o'clock was very feverish and inclined to sag.
The pressure against special stocks relaxed
and the market hardened when the South
western group was advanced. Kansas 4
Texas preferred rose 2 points. All of the
soft coalers rallied, led by Hooking Valley,
uyhjn cd ,nfo oinC
were made by the speciaties, North Amerl-
can rising 5A, American Snuff 4B and the
preferred ~. Toward noon large blocks OF
United States Steel, Union Pacific and South
ern Pacific were bought, the last named
reaching 6S1s. Chicago, Indianapolis & Louis
vile broke AS from the best. The Zcoalers
| and Colorado Fuel were reactionary and at
fected the market generai1y.
There was rise of 29s in St. Paul during
the noon hour, but very little effect was pro-
duced elsewhere. There were advances Of
| TX in Snuff 31a in Nashville, Chattanooga &
| st. Louis, 2% in New York Air Brake anG
over point in Colorado and Southern.
St. Paul fell off Ia on realizing but there
was rapid advance in Union Pacific. This
| stock touched 1O5 with blocks of from 1,O0t
| to 5000 shares changing hands frequently
| Other leading railroad stocks did not move
to any extent but there were frequent wide
fluctuations in the specialties. Western I'm
| ion rose 1B. 5'ztts
! There were violent. advances in the spe
cialties but railroads stocks were quiet ant
barely steady. International Power rose al
extreme 10A, Chicago, Indianapolis & Louis
vile rallied AZ, Illinois Central recovered t
14SB and the Rubber Goods stocks, Canadian
Pacific and Linseed preferred gained to
! Colorado Fuel fell a fraction below last night
Sugar over point, General Electric liz an
Burlington. Cedar Rapids Northern l
points. Colorado Fuel rallied over "a poin
but the closing was irregular and active. b
Bonds were steady
Stock quotations reported for THE Journs
by Watson & Cos, Chamber Of Commerce
| Minneapolis.
Closing figures are bid.