The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-07
LONDON IS DOWN
Depression Over thu, Dardanelles A.
fair Is Reflected in the
Markets.
Enormous Volume Of Buying at the
Decline North Western
Sells at $50.

New York, Jan. The depression caused in
London by the 4Dardanelles dispute was re-
Elected here In lower prices for the information
ally listed stocks. Pennsylvania, Canadian PA
ciic and Atchison were notably affected. On the
other hand there We're very heavy buying or
ders in Rock Island, United States Steel stocks,
Missouri Pacific and Brooklyn Transit. In these
blocks of 1,O0O to 1000 shares changed hands
at the opening: The changes were in all cases
fractional.
The buying was in enormous volume at the
Island, and trading all around was on a large
scale. Onenins losses were only about can
celled In many Instances, enough stock coming
out on the rally to prevent getting much above
yesterdays close. st. Paul, Illinois Central
Great Northern preferred, Missouri Pacific. Min
ncapol.s, St. Paul and Sault Ste. Marie pre-
ferred, Hooking Valley. Manhattan, Console
dated Gas, Western Union and Pacific Mail
showed exceptional strength and gained between
l and Z points. Long Island and Westinghouse
Electric and the first preferred 1902;
Lackawanna, 3h and Moth American, 81.
Heavy selling met the rally later and some
stocks reacted to the lowest. Tennessee Coal
lost ~. s.--..l 81 ill.,. 49,
The free realizing discouraged the buying and
a point below last night In. Southern Railway,
Wabash, Norfolk & Western Kansas & Texas,
Brooklyn Transit and Anaconda. Hooking Val
ley rose Sh st. Louis Southern preferred, 1aa
Union Bag preferred, 2, and Smelling In face
Of the decline elsewhere. Northwestern pre-
ferred sold at $780, decline of 10. Later Sugar
and Manhattan were advanced about Va each,
and Louisville a point. with hardening
effect the market. ! IN s-4, ~ f.s ~
Large blocks of the leading stocks were thrown
on the market after midday and prices declined
rapidly all through the list. Practically all
the leading stocks touched the lowest, with st.
Paul, the Pacifcs and Amalgamated most af-
| fected in the break. Anaconda fell ~. Sugar
met good superior the decline and soon rose
to 1914, causing slight rally elsewhere.
Prices made some recovery, St. Paul rally
ing point. There were gains Of a point for
American Car and Des N1oines & Fort Dodge
Chicago Great Western preferred advanced 3A
while l.aclede Gas sold + points lower than the
preceding sale! Fhe: whole market sold of again
sharply, extending net losses to point or more
in several leading stocks. 49,.
The pressure against the market was relaxed
again. but the undertone continued heavy.
Ama1gamated,. New York Central and Consoii
dated Gas fell X under last night, and the
United States ,eRalty stocks about 2. Wells
Fargo dropped Id American Smelling and West
ern Union gained about 2, and Lackawanna )
In the late dealings Sugar was lifted to 1921
with only slight influence the general mar
ket. St. Paul ram of to below 1S1. and tho
closing active and weak at about the lowest
Bonds were steady Mt noon. ~ e..
| Stock quotations reported for The Journal ty
Watson & Co., Chamber OF Commerce, Mime
| apolis. o. 49,. ~ =. .--
[ - Closing prices are bid.
T