The Minneapolis journal., 1903-03-19
so. !, PACIFIC WILD
Early Transactions Range From 6s
to 66 and the General Mar
ket Follows.
Easier Money Conditions and AS
surances Against q Corner
Cause Advances.

435 New York, March 19.-The opening in South.
ern .Pac1hc was awaited with interest owing to
Yesterday. sensational movement. and the excited
market for the stock in London this morning
The hrst transaction was of g. 500 shares at from
q o,sa, to esa. compared with 67A, yesterdays
especial change either way. st. Paul and Union
Paclhc were fraction lower while Sugar and
tennessee Coal gained slightly
general market Alternately advanced % and defined
q fraction in following It's erratic course. The
STOCK was bought heavily on the decline and rose
70 1a % M AZ the top sellers became more abun-
aanI lnan uyers, and the price dropped back
% ooa, with later rally to 67 and d final dip
70 about the lowest again. Some transactions,
giving the seller sixty days to deliver, were made
az one ana Two points below the market. Trad
ans az around was very dull at IL o'clock, the
feYerish movement Of Southern Pacific repress-
ing dealings In IL the general list. Louisville was
marked up IA and Consolidated Gas / y.
Is Operation In Southeri Pacific dvvindled con-
siderably and the stock was less a factor In the
marcy MAJ ,e me price was supported around 631a,
tone IN the market. Louisyille's rise to.124 was
Followed IS! By the bidding up of various other
STANDARD stocks, particularly st. Paul, Illinois
GsIefa whieb sart%ore Ohio and
ST: Paul q Sault Ste. Marie stocks advanced
two points each, and Pacific Mail made rapid
rise OF ~ points The easier monetary condi-
ner Is pot being attempted In Southern Pacific
had beneficial effect on the market at nool,
Southern Pacific ,was taken In hand by the bulls
again and blocks of from 1, coo to 1000 were rap
Idly bid up to GIN: The bond market was quiet
and irregular. n, n. q
New points Of strength cropped out during the
noon hour. substantial gains being made in
Atchison, Rock Island. Canadian Pacific and Peo-
pies Gas General movements were toward a
higher level under, the impetus Of the renewed
rise in Southern Pacific to e7A. /. When that
stock later ran OF a point or so, the general
market became dull. but fully: maintained its
undertone Of strength sl :fl 7..l.E ~
Bull operators had the market we'll in hand
during the afternoon and experienced little op-
position In advancing prices effectively all
around. Buying for the short account was on
large scale, the effective backing which n,l-
uneasiness 's to the short interest Southern Pa.
eide became quiet again and was "pegged''
pretty well around 81. n Union Pacific, st. Paul
and Colorado RFuel advanced 2@21s and North
American 3. Es#a E> q = @.Ts & = a {
Room! traders took profits on the days rise
and prices reacted on very moderate offerings
Declines from tn ehghest of the day reached a
point In some of the leaders. notably st. Paul
Union Pacific, New York Central. Louisville and
Illinois Central Southern Pacific fell back tt
near rs in sympathy with sthe rest of the list.
The closing. was dull. * 49,.
Stock quotations reported for The Journal By
Watson & Co., Chamber of Commerce. Mime
Closing figures are bib - ...-3t g., 1.