The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-07-21
STOCKS DIP AGAIN
Further Declines and New Low
Points in Many Leading
Issues.
But . Stubborn Resistance and
Some Tendency Towards
Recovery.

New. York, July 21.--The stock market
opened with an uncertain tone. New
York Central rose " and there were small
fractional gains in Rock Island, Pennsyl-
Vania, Union Pacific, Missouri Pacific and
st. Paul. The steel stocks were under
than yesterday. Five thousand shares OF
the common sold at 25 and 245s, compared
with the closing last night Of 20 and
the preferred with the quarterly dividend
off, declined rs. Southern Pacific was off
", Erie second preferred q point and
American Locomotive 1ss.
Large selling was resumed In Rock Is
land and the specialties and some addi-:
tional low record prices were made.
Brooklyn Transit, Southern Pacific, Rock
Island, Sugar and United States Steel
stocks scored one point losses. The rail-
road list generally ereceded to a fraction
under last night. American Express
dropped z; North American AZ; General
Electric International Pulp and Norfolk
& Western preferred, az; Virginia Caro-
lima Chemical and Kansas City, Fort
Scott & Memphis preferred 8, Tennessee
Coal ~; Lake Erie & Western pfd, p;
Northwestern, tx; Rock Island pfd, j II,
and a number Of other stocks point.
Buying of the early firm stocks lifted
them fraction above yesterdays close
again and there were full recovering in
Amalgamated and Brooklyn Transit, but
prices yielded again before the end of the
hour.
Another drive against the specialties
carried the general list under last night
again. But the standard railroad list
moved narrowly and showed resistance.
The steel stocks were notably weak, United
States Steel losing IL and the preferred
IN, Tennessee Coal 8 and Republic Steel
preferred 2A. Metropolitan Street Railway
dc no, onolt nv
preferred 2A, Colorado ts Southern first
preferred 81 and Erie second preferred,
Baltimore & Ohio preferred and Pacific
Coast @. The market rallied with some
vigor and New York Central, Union Pa
ciflc, st. Paul and Canadian Pacific rose
1@11a over last night
Great Northern preferred jumped g.
Lake Erie C Western and Lackawanna
1@11h. 8
Bonds irregular.
United States Steel dropped again t
231a and nom entarily checked the rally
elsewhere. The standard stocks ralliet
again and strength developed in spots
but the general level of prices did no
get higher than before. Gains over nigh
reached 1 to TX In, New York Central
st. Paul, Atchison, Union Pacific, Cana
dian Pacific, Erie first preferred, Amalga
mated and Brooklyn Transit. Rock Islant
| recovered again to rs and the steel raj
| lied large fractions, but showed consider
able nervousness. The buying was no
| followed up and the market became dull
and sagging again.
Trading was spiritless during the after
noon and prices drifted ainalessly on
narrow range. Leading stocks ruled we
below their earlier prices, but there wa
none of the, earlier severe pressure agains
| the specia1ties. Pittsburg, Cincinnati
Chicago & st. Louis broke 61k and rallie
So, to 50, between sales. Cleveland, Lo
rain & Wheeling preferred dropped an
Smelling preferred and Colorado Fuel los
! 2 in ALL while Consolidated Gas game
as much.
| Another drive in United States Stee
stocks carried the common down an ex
i IRENE 31s and the preferred Az. TIL
days gains in railroad stocks were gen
orally yielded and there were violen
breaks in the specialties. NJ Y. Al
Brake dropped Z, United States Realt
preferred 5A, Pacific Coast s, Tennessee
Il Coal 3 and Delaware & Hudson, the De
i troit Southern stocks, Peoria & Eastern
Chicago Terminal, Locomotive preferred
4 u. s. Realty, U. S. Express and Smeltin
/ preferred, 1 to 2. Pacific lost 1 " and Roc
Island LIZ to q. N.sY.eGentral was RAJ
J. lied to 1181s and the market steadied, bu
the renewed weakness of the steel stock
i, turned prices downward again. The clos
ing was active and easy.
Stock quotations reported for The Journ
: by Watson & Co., Chamber of Commerce, MINI
apolis.
Closing figures are bid. *;