The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-13

WALL ST. IS BETTER.
Opening Prices This Morning in
Stocks Showed Violent
Advances. = ia
Profit Taking Causes Temporary Set
backs, but the Undercurrent +
Is Strong. ..~. -"

New York, Nov. 13.-Opening prices showed
vIoient advances all through the list; owing to
tne peter sentiment caused by reports of adjust
nents erected yesterday in the speculative situ
atton Inc new Rock Island securities listed
yesterday and dealt in on the exchange for the
nrst time this morning were watched with espe-
S Sam ineerest. The common stock sold up to
4S&, compared with 46A bid on the curb at the
Closing last night and the preferred advanced to
q ~ compared with 1874 bid last night There
Were o.ooo shares of ST. Paul sold at 17s to
stock advanced further to 179. There were gains
OF points in Illinois Central, Delaware & Hud-
son =, and General Electric, and of from / to
"A IN Southern Pacific, United States Steel Bal
timore & Ohio, Amalgamated Copper and other
ieadlhg STOCKS amongst the soft coalers, Pacif.
les ana Southwesterns. The transfers were in
1e a3 large 20 oloeks' opening sales running from
LOO to 5000 shares in several prominent stocks
1o!io"ed by other sales of even larger blocks
PROFESSIONAL traders We're disposed to reap the
handsome profits accruing from yesterdays pur-
cnases ana realized all through the active list.
First prices were generally the best for the lead
ers and the reaction carried St. Paul, Southern
faclnc, ROCK Island preferred, Louisville, Anal
gamated and Colorado Fuel down to 1h Some
sharp fractional recessions occurred in other
stocks, and Missouri Pacific Union Pacific, Lou
isy1ile and Reading fell slightly below yester-
DAY 8 close. Rock Island old stock advanced N
single sale. Some less active stocks made nota-
Die gains, Minneapolis, st. Paul & sault Ste.
N Marie preferred adanciug 5, the common 3M :,
st. Louis Southwestern preferred and Nashville
Chattanooga Il st. st. Louis 3, and Northwes.
tern, Cleveland, Cincinatnt, Chicago & st. Louis
Peoples Gas and North American 2@2h. These
stocks reacted with the rest of the market but
prices advanced again at IL o'clock
Large new buying orders were well distribu-
ted and carried prices up to the ton level again
>and in some stocks slightly higher than the
opening. pennsylvania was in large demand
and Louisville rose III over the opening level.
amongst the less active stocks, Pittsburg Gin
cnnat1, chicago s. st. Louis Az, Wheeling
:& Lake Erie first preferred f. New Haven 3 and
second nreftrra1 on6T
There were fractional recessions and dull
market again before noon
Speculative liquidation was resumed in the spe-
calties with the pressure directed chiefly against
Amalgamated and Brooklyn Transit These
stocks yielded u and 1 respectively below yes
terday's close and there We're also important re-
actions III Sugar Colorado Fuel, Tennessee Coal
not suffer much. but there was some selling
owing to the persistent heaviness of Missouri Pa,
| cifc which sold below 1U7.
Bonds were strong.
Spasmodic rallies occurred in few stocks
put the movement was nervous. Subsequent
pressure against Brooklyn Transit, Southern
Pacific, Union Pacific and St. Paul depressed
| them to the lowest and the whole market cave
way. :
Prices receded to the lowest Of the day during
the final hour. The net declines reached a noinf
In Missouri Pacific, Reading. Amalgameted and
Sugar, lB in Brooklyn Transit anC n large
traction IN number of prominent stocks Little
closing was active and weak
Stock quotations reported for The Journal by
Watson & Co., brokers. Chamber Of Commerce,
Minneapolis:
Closing figures are bid.