The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-11
MARKET IS 'SPOITY'
Usually Inactive Stocks Are Pushed
Upward.
GAINS BY 800" AND N. q sT.L !.
the Closing IL Active and
Irregular.

New York. Feb. 11.-Good fractional gains
were the rule throughout the railroad list at
the opening and there were very heavy TAX
ings Of some of the principal stocks amongst
the coalers, grangers, Pacifcs and trunk
lines. Iowa Central rose Ia. A number Of
the industrials were inclined to sag. ANAL
gamated Copper losing within the first few
minutes. American Express jumped nearly
points ON the purchase OF one hundred
shares.
The renewed selling of the speoialties, which
were weak yesterday, after time caused
railroad stocks. st. Paul and Southern Pa
cihc were most affected, the latter yielding
to CT. The general market then became
'spotty," some usually inactive stocks being
pushed resolutely upward. Reading stocks
were bought confidently, the second preferred
leading with rise Of rs to 67A. Rock
Island, Iowa Central, Minneapolis & St. Louis
New York Central, St. Louis Southwestern
preferred Chicago, Indianapolis & Louisville
Wheeling & Lake Erie first preferred, st.
Joseph & Grand Island first and second pre-
ferred, Lake Erie & Western preferred, Texas
Land Trust, Peoples Gas and Brooklyn
Union Gas advanced between l and 2 points.
Nashville, Chattanooga & st. Louis and
Lackawanna gained and Consolidated Gas
31a, but United States Express dropped 6As.
The breadth Of the market and the pro-
nounced gains established eventually checked
the reaction elsewhere and the market wae
steadier at II o'clock.
Enormous purchases of the Readings, sup
plemented by large demand for Atchson,
Louisville and the Southern Railway stocks
were Offset by active realizing elsewhere.
Reading common and the first preferred re-
sponded only fractionally, but the second
preferred was buoyant and touched So, an
advance over last night Of 2as Southern Rail-
way preferred and Louisville were almost
point higher. Chicago, Indianapolis & Louis
Vile preferred rose point. American Ex-
press lost it's opening bulge of five points
and United States Express dipped a point
lower to 115, making its loss in all ~. Min
neapolis & St. Louis preferred and 500 gained
a point. The Pacif1cs and active railroads
and specialties generally sagged to below
last night, Sugar losing nearly point and
St. Joseph & Grand Island first preferred re-
acting IT, Rubber Goods preferred lost
points. The market was dull aud steady at
noon. r.. ~
Bear operators tested the market in spots
and as there proved to be a limited demand
they redoubled their efforts against the
specialties and attacked the railroad list
Declines from the best. reached point In
Reading second preferred, Southern Pacific,
Rock Island, Chicago, Indianapolis 6 Louis
vile. Minneapolis & st. Louis preferred, Man
haitian and Brooklyn Union Gas. While Met
ropolitan Street Railway, Brooklyn Transit
st. Louis & San Francisco and st. Joseph &
Grand Island first preferred sold as much I'M
der yesterday. Lackawanna lost its point
rise and Northwestern preferred broke 6N
The pressure against the market did not de-
ter bidding up Amalgamated Copper and at
ter 1t crossed u buying developed In the
iron and steel stocks. The United States
Steel stocks had gained large fractions and
Tennessee Coal and Colorado Fuel over q
point up to O'Clock, which infused some-
what better tone all around.
The transactions in the United States Steel
stocks were very large, but the gains did not
reach beyond fractions Hooking Coal, Colo
radao Fuel and Tennessee Coal rose l@2A.
the last-named leading. Kansas City South
ern preferred rose ~. the common and Bis
cult preferred a point, and Texas Land Trust
2. These advances did not avail to lift the
general list from its sagging tendency Brook
Ign Transit gave way to 60.
The feature Of the final hour was a heavy
demand for Pennsylvania, which lifted the
price ~ over yesterday. The market hard
ened in sympathy and gains reached for
Wheeling & Lake Erie first preferred 21a,
Iowa Central ~, Texas & Pacific 15s, Pull
man l12, Pittsburg, c., c.. & St. Louis 1, and
Colorado & Southern first preferred ~ Net
declines OF to 21s were scored by General
Electric, Pacific Coast second preferred. Buff
falo, Rochester & Pittsburg preferred, Chi
cago Terminal preferred, p, c., c.. & st.
Louis, Delaware & Hudson and LackaWanna,
United States Express rallied AZ The clos
Ing was. active and irregular, the local trac-
ton stocks and St. Paul running off to the
| lowest
Bonds were Irregular.
stock q; ~. quotations reported for The Journal
Minneapolis. :
Closing figures are bid.