The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-06
The SAME TACTICS
Market Opens Strong, Heavy Realiz.
ing Follows, With Buying at
The Bottom. y.
Steel Preferred Is Strong Canadian
Pacific Rises an Extreme
Of 8 IL Points.

New York, Jan. 6.--The opening Of the stock
market showed great animation and blocks of
LOCO to 5000 shares Of the principal active
stocks were traded in. There were sales Of 8, 900
shares of American Car at 381 to 1884, compared
with 3s last night. Pennsylvania, Reading, Wa
bash d, preferred and GIFTED States Steel showed
sharp gains. Brooklyn Transit and Canadian
Pac1nc rose "a each and gains Of a point or
more were shown by Amalgamated Copper and
Manhattan. Large fractional advances were
MADE Dy other leaders, including ST. Paul, Sugar,
Denver q Rio Grande preferred and Norfolk &
Western. .. ~
Speculation showed the same characteristics as
on yesterday, realizing orders following the
Ing developing in the low-priced stocks. ST..
Paul and Manhattan were forced back sharply
and the coalers became heavy Reading selling a
point under last night Meanwhile some of the
metal and railroad equipment stocks advanced.
Steel preferred touching 80 and American Car,
Locomotive and Tennessee Coal rising point or
more Denver & Rio Grande common and pre-
ferred, Wheeling & Lake Erie and the first pre-
ferred, Chicago Great Western preferred B, Con-
| solidated Gas and North American rose 1 to u
Wabash securities weakened on, the judicial de.
c1s1on against entering P1ttsburg. The common
lost a point and the debenture B bonds TX.
Sugar rose ~.
The Pacific moved upwards strongly and the
coalers and Wabashes made sharp recoveries
while realizing sales We're made in other stocks,
that had advanced, notably in some of the rail
road equipment stocks, low-priced railroad
| stocks, st. Paul and Sugar. Canadian Pacific
rose an extreme 32a, Union Pacific and Southern
Pacific 1ss each and Louisville, Atchison and
some minor stocks point. New Jersey Cen.
trail 70 and Cleveland, Lorain & Wheeling and
Plttsburg, Cleveland, Cincinnati & St. Louis 4.
New buying orders in Brooklyn Transit lifted
1t to 50. a gain of over points. Metropolitan
Street Railway and Metropolitan Securities ad
vGnced sympathetically ~ but Manhattan was
| neglected and Jagged. Amalgamated was taken
in hand later and rose IL but there was little
of interest to other stocks aside from the Pa.
cifcs, which developed renewed strength at !
O'Clock. Linseed preferred gained Az, North
Western l while United States Express lost
and st. Louis & San Francisco 1.
st. Paul recovered to It's, top price and New
York Central, Cleveland, C.. c. & St. Louis, Hi
. points above yesterdays close Brooklyn iran
| sit extended it's rise to 8 points and Genera
| Electric to 31a. The growing of none.
| encouraged speculation. =. 49,
In the late dealings, the market resumed it,
| and the Changers generally responded. Rock
| Island gained 2B. The Pennsylvania grouI
| also advanced point more on heavy deal
| ings, and the market generally touched the tor
level of the day., Consolidated Gas rose 3$s oil
| the transfer of some very large blocks. st
| Joseph & Grand Island first preferred rose :
points. The closing buoyant and ami
| mated.
Bonds were steady.
Stock quotations reported for The Journal b.
Watson & Co., Chamber of Commerce, Minneapo
lis.
| Closing prices are bid.