The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-06
some QUIET BUYING.
Early sentime q & the Stock Mar.
ket Seems to Favor the
Long Account.
After a Lift in Prices Heavy Selling
Of Southern Pacific Started
Another Break. .s...... :.

81 New York, March Go Opening prices for
stocks showed that support was accorded the.
.market. as was foreshadowed by the higher
prices for Americans in London before the OPEN
Ing here The seyerest sufferers in yesetrday's
decline led the advance. Canadian Pacific rose
rs, Southern Pacific Is and Union Pacific Y on
large takings. Manhattan also rose nearly a
point Yhel most prominent stock to sh0WSa de-
cline vas United States Steel eferred, which
Il Speeulati fayored the long account
when was sRe.ceiYed that concentrated buying
was going on ID the prom inent stocks. Room
shortss helped along by covering largely
the transc inenta Isl; "A number of
syesterdayfs weak features aa4de advances of a
.Toilt. or inGlfidin ST.. Paul MON Pacific,
York Centr d, Rock island, Sugar, and the local
trae tions Realizing sales depressed the list be-
fore "a :, eloek, sugaFrsaettng e point
North Western rising three, Canada Southern
two and Analgamated; Tennessee Coal, Smelt-
ing and a few speciaItiesha point. Heavy SELL
gains We're about wiped out, all around. The
market became dull at about last nights level.
Some minor stocks showed losses running. to: a
point. General Electric and Hooking Valley
preferred lost two points, Colorado: & Southern
second preferred three, and New York. Chicago
" St. Louis SECOND preferred AZ points. 50
Bear q, the main
Of an s.unfayorable bank statement. Important
market leaders We're singled out for attack, espe-
clally, St: Paul. Southern Pacific, Sugar and
yesterdays close, but In most cases the net
loss was triding. Delaware s. Hudson declined
three points, New Jersey Central and Colo
RADIO Fuel two and New York Central, st: Louis
Is San Francisco stocks and Sugar one point.
Fittsburg Cleveland, Chicago & st. Louis
dropped 81. Cleveland, Lorraine & Wheeling
dropped 1115s and the preferred 6A. There was
some improvement in the markets tone at 1
O clock. Amalgamated rose to. the best and
New York Central recovered fully, but the de-
mand otherwise was light. -: IL -
The demand to cover shorts continued strong
and carried stocks vigorously upwards. The
Pacfhcs and Changers were in most demand,
Missouri Pacific leading with a rise of about
Other members Of the Pacific, the Changers,
PENNSYLVANIA, Baltimore & Ohio, Reading, Tole.
do, st. Louis & eWstern, General Electric, Ten
nessee Coal Metropolitan Street Railway,
Leather preferred and Kansas City Southern
preferred rose ! to y over last night; Con.
| solidated Gas, TX and Anaconda 2&. Among
the dormant stocks there was a drop in Morris
& Essex of g. United States Express, Az, and
American Express, 6. The buying demand spent
its force In late dealings: The closing was dull
and Irregular i Il ) - 3 ~ $..' s~. 30, =.
Buying orders came more abundant late in the
day, the inability of the bears to put the list
much below last night producing better demand
| for both accounts Recoveries from the lowest
| ran to about APPOINT in Sugar, Delaware & Hud
| son, Southern Pacific, st. Paul. Missouri Pacific
| and Tennessee Coal. i S;f5"s,1S --t..
| Amalgamated Copper, New York Central Rock
Island and .Atchispn touched the best, rejecting
| a net rise of a point. 50 - >. -'i<
Stock quotations reported for The journal by
Watson & Co., brokers; Chamber of Commerce
| Minneapolis.
| Closing figures are bid. .