The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-06-02
STOCKS VERY Low.
Twin City Rapid Transit Loses 1875
and Then Receivers 3s4, Sell
ing at 1875.
Stocks in What Is Generally Known
as the Canadian Group Show
Weakness.

New York, June 2.--Large selling Of a few in
dividual stocks weighed on the opening market
to-day and caused generally fractional recess
sions. Rock Island, Southern Pacific and Man.
haitian were the only important stocks to show
resistance. Canadian Pacific was sold down 2ss,
and Twin City Rapid Transit lost rs. slump
in the London copper market Induced fall Of
w in Amalgamated Copper. Leather preferred
lost a point and Sugar was down y.
Continued selling of what Is generally known
as the Canadian group induced further conces-
sons in the active list but supper ting orders de-
veloped In the standard group and they rallied
strongly. Southern Pacific rose to 90 and
Atchlson Rock Island and the other Paclfcs sold
large fraction above yesterdays close. St.
Paul advanced q point, Metropolitan Street
Railway 1 a. and Tennessee Coal Amalgamated
~ points. Among the declines registered
we're SIS in Twin City Rapid Transit, 27s in
Canadian Pacific and / to 2ss in the Minneapolis.
field Steel, Detroit United Railway and Toledo
Railway and Light. /,
The market all around was rising sharply at
II o'clock. Twin City Rapid Transit rallied
2ss. and Minneapolis, ST. Paul & sault ste.
Marie, Detroit United Railway and Canadian Pa
| cifc to 11s points. The advance brought
Wabash. Rock Island preferred. Kansas & Texas
preferred, Erie, Manhattan, Brooklyn Transit
and few other stocks. Chicago Great Wes-
tern preferred A rose LIZ and Consolidated Gas
| 2 points below last night interrupted the adj
vance. Canadian Pacific dropped to 31s under
last night and Twin City Rapid Transit 9ss.
Westinghouse Electric lost and recovered 1,
Chalmers lost /. The reaction generally was
fractional and did not carry the list back to the
low point.
Bonds were irregular at noon.
Liquidation was resumed on heavy scale In
the Canadian group. Twin City Rapid Transit
broke rapidly to s9H a loss over night Of 1871
and the preferred stock declined points. Min
| neapols, st. Paul & Saue Ste. Marie common
| lost AZ, and the preferred s. Canadian Pa
| cifc sold at 1854 loss of 35s. A feature Of
/ the dealing was the wide slump and the rally il
Minneapolis & st. Louis. The stock offered
20, compared with SO the previous sale. TIL,
4 next purchase was at IS. \ Virginia Chenca
/ preferred declined 3 points, Leading stocks
| were not notably affected by this liquidation
and held we'll. Peoples Gas fell off 1 AM
/ North American 215. Buying orders for Twil
Pacific also recovered over point. The check t
this selling helped the active list and some stock
touched their best prices of the morning. Read
i ing gained 1 point. -
| The ability to sustain the usual leaders de
splits the heavy liquidation elsewhere stimulate
more & Ohio, Rock Island, Wabash preferred
| the Pacifcs and Brooklyn Transit advanced fror
l to 1A points above yesterdays close. Re
coveries vent on meanwhile in stocks whic
had suffered most Twin City Rapid Transi
sold ~ points above the lowest, Canadian Pa
Marie IN. the preferred 21S, Peoples Gas LIZ
and Amalgamated 1 point. Business becam
very light at o'clock. and there were frat
| t1onal recess1ons. Pacific coast dropped point
on one transaction and rallied points
Bank clearings to-day $1,000, 1884.
Watson & Co., commission brokers' Chamber
Commerce, Minneapolis Closing figures are BIZ