The Minneapolis journal., 1903-04-23
In THE new PLACE.
Stock Exchange Opens With Better
Prices and q General Feeling
Of Confidence.
Towards Noon Tendency Becomes
Downward-The Effect on
Northern Securities.

- E 2 Y : q - = z &
! New York, April 22s. The first day Of business
on thes new stock exchange opened with better
prices and general feelings of confidence. There
vas an unusually large gathering OF members,
many veterans attending as matter of senti
ment. 4-;T:.2S:s ES.fs So
The crowd arrived long before the opening
Promptly at 10 o'clock President keppler, who
stood with Chairman Talbot in the north tros-
trun, brought his eaveEdoWn. So great was the
noise, however. that the sound of the gayel
could not be heard twenty feet away. Each of
the sixteen trading posts had it's crowd of eager,
eXl,ectant brokers', but the greatest crowd con-
gregated about post s., where Missouri Pacific
was. the feature. The aIbitrage crowd at the
south end of the room was NAL Ing lots Of noise.
hut the bond brokers over at the east wall were
a GIitc orderly lot. f~.& --r., - sssr r
The new rule excluding all visitors save those
bearing members cards accounted for the small
attendance In the gallery. Just before the
opening the floral offering of the Consolidated
Exchange, gigantic horseshoe of roses, was
brought III and placed under the rostrum. '+
The stock market features included Missouri
Pacific, Union Pacific, st. Paul, Rock Island
Erie, Pennsylvania and Readlng.; Reading opened
up liz and then reacted 1s. Consolidated Gas
jumped 3. st. Louis Southwestern preferred
rose 9s and other members Of the Gould grouI
showed good fractional advances. The same was
and Changers. Trading was on a large scale and
many blocks Of 900 shares and upwards changed
hands In numerous stocks. - r. '..,a%, r.
The market developed some slight irregularity
some STOCKS yleid1ng When tneE EennsvlVanls
group reacted and others moving up vigorously
The movement either way not wide, but the
tendency was more generally downwards at II
O'Clock. Manhattan, Metropolitan Street Rail
way, Smelling Rock Island, Texas & Pacific
and Erie second preferred we're in demand ant
rose 1919. Pere Marquette gained ant
Sloss- Sheffield 3A. Northern Securities on thu
curb sold up V from the previous sale, prices
on the dividend declaration, and then reacted
Profit taking was steady and carried the ma
jority OF leading stocks, amongst the Pacifcs
Under Tuesdays closing Chicago Union Trac
tion! dropped 2a on: the appointment of re
ceiver. Ice preferred rose "a, Pacific Mail 4
and New Haven point. The market fell int
dullness the reaction.
Bonds irregular. ''' '...'.'s <,@
Active stocks 1uctuateda a small fraction eithe
way with the drift in any thing toward lowe
fattening out Of the opening strength discour
aged holders National Railroad of Mexico wa
unusually active and 13s higher, and the pre-
ferred points. International Paper droppe
SM. 4- 5-i "&I 'r-' -.... ...
A few Of the prominent leaders, such as st
Paul. Union Pacific and Manhattan We're bi
| for effect on the list, but the response was s
| slight that the buying movement was abandoned
Prices eased of again and the market resumed it
| sluggishness and inanition. ''-,-. ~. ..s-
Prices continue to show settling tendency 0
| very meager dealings. but net declines did nc
| stocks except Sugar and Pennsylvania. Th
general level: of prices, however, was we'll belo,
4 Tuesday night. International Power fell a. i
| all. Denver e. Rio Grande and Detroit Souther
preferred gained a point. The closing was du
Stock quotations reported for The journal b
Watson 4 Co., brokers: Chamber Of Commerce
| Minneapolis Closing figures are bid.