The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-20
DECLINE IS MARKED
Bears Have Glorious Time on
Change, With Everything
Their Own Way.
Twin City Rapid Transit Loses
fEs 81 a.sys
Three Points and Western Rail
roads Slump Badly.

New York, May 20.-Opening price changes
Of stocks were small and mixed, but there was
fair volume OF business. In a general way cas-
tern railroad stocks were inclined to advance
and those of western railroads to decline. An
advance of Il In New York Central and a de-
cline OF as much in Atchison measured the
largest changes.
E Further engagements OF gold for shipment to-
morrow and the news of surgical operation
upon e. III. Hartman, had a momentary depress-
ing effect on the market, and New York Central,
Rock Island, st. Paul and Southern Pacific re-
zceded sharp fractions. Buying orders came in at
the lower level and prices recovered rather
easily In spots. Louisville rose point over
last night. The trading was quiet on the rally
and decline of a point in Atchison turned prices
down again. Minneapolis, st. Paul Sault Ste.l
Marie preferred declined 4, Toledo Railway and
Light 3A, Kansas 4 Texas preferred IN and
Metropolitan Securities a point.
Pressure was severe against Atchison and ru-
mors were revived of bond issue by the COM
pany. Its loss LIZ carried other leading stocks
.Tith it to the extent Of 1 to IN. st. Paul, the
Pacifcs and Changers were conspicuous suffer-
ers and many low prices for the present move
nent were recorded. Efforts to make the dor
ment were recorded. Efforts to awake the dor
| For 100 shares Of Michigan Central 1O2 was the
best price obtainable, compared with lSO on
March 10. Otherwise, declines were in Minneap-
oils, St. Paul = sault Ste. Marie 81, the pre-
| ferred 6, Lake Erie & Western preferred and the
Twin City Rapid Transit 3, Missouri, Kansas &
| Texas preferred and American District Tele-
graph 2h, sioss- Sheffield Steel 31a and General
/
only with the spending of the force of the selling
movement that the decline halted and there was
no rally. Bonds were heavy at noon
Liquida ton was resumed large scale after
! the midday pause, and prices were depressed con-
/ siderably lower than in the forenoon Atchison
st. Paul, Reading, Pennsylvania and the Pacifcs
4 bore tue brunt Of the selling, but large amounts
of other leading stocks were also let. go Kan
i sas & Texas loss was increased to ~, Atchi
sons to 2A and St.. Paul and Southern Pacihe's
i to points.
A. slight fractional rally when the bears tooh
profits was not long maintained, renewed selling
OF St. Paul forcing It down to lo4as and drag
| ging the rest of the list back with it. The mar
l ket then lowered pretty close to the low point Of
the day, occasional efforts to advance specia
stocks bringing out more stock than could bf
absorbed. Sharp losses were more frequent II
the inactive quarter, Lackawanna, Pullman
i Pump preferred, Duluth, South Shore & Atlantic
Chicago Terminal preferred and Pacific Mai
a yielding 1s1@2h,s and Pittsburg, Cincinnati
Chicago & St. Louis 5. Michigan Central ate
selling at 102, was bid UP to 12O before bring
7 ing offering, and a sale was made at tina
price. -e8#
Another drive against the market carried price
to such low level as to offer attractive profit
to the bears and their short covering rallied tn
PRnss Selling haa
81, and Baltimore & Ohio. Delaware & Hud
San IS
st. Louis, Canadian Pacific, Erie second pre-
ferred and Amalganated 2 to 5; American ez
Hooking Valley i, Tennessee Coal ssss, sloss
Sheffield preferred By, North American 8, an
Cotton OIL 2A. Arrangements for gold export
weakness Of the market. The close was activ
and weak at about the lowest. s
Stock quotations reported for The Journal b
Watson &, Co., brokers, Chamber of Commerce
Closing figures are bid: