The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-07-27
SOME Big DECLINES
sseals I q fS- |.
Stocks Affected By Failures Of Hoo
ley and Bassett Make Big
Losses.
But the General Market Turns Bet
ter and Tendency Is
Firmer.

New York, July 27-The opening stock
market was nervous and unsettled
Some Of last weeks weak stocks rallied
sharply and one or two of the standard
stocks showed small gains. United
States rubber preferred rose 8. The ma
jority Of stocks was lower. The decline
in smelling reached liz. American Car
w, Baltimore & Ohio preferred and the
Pacifcs, Erie, the first preferred, Reading,
Wabash preferred and Leather preferred
nearly g. point. New York Airbrake
dropped 5.
Some Heavy Declines.
The violent declines in few special
ties were supposed to be connected with
the failure, announcement Of Which was
not unexpected Evansville & Tere
Haute slumped 9k; Chicago & Eastern
Illinois certificates, s. Railway Investno ent
preferred, s: General Electric and Vir-
ginia Carolina Chemical, 6, and Pressed
Steel Car 2B. The prominent stocks to
suffer were Union Pacific, Reading, Erie,
Rock Island preferred. Atchison. Anal
gamated, the Independent Iron and Steel
stocks, and Sugar, which fell l to TX.
Strength was shown by New York Cen
trail, Lackawanna, Brooklyn Transit and
some other stocks in face Of the declines,
and the market rallied violently before
the end Of the hour New York Central
rose ~ over Saturday. Brooklyn Transit
and Delaware & Hudson, az; Lacka-
wanna, 2, and net advances Of to u
were established in ST. Paul.. Pennsy1-
vania, Canadian Pacific, United States
Steel, Sugar, Colorado Fuel and a few
less prominent stocks. The level Of prices
for many active stocks rose fraction
over Saturday. The market became quiet
at the rally .....
Recovery Follows.
Prices made further strong recoveries
during the second hour establishing some
notable advances over Saturday. 5rIacka-
wanna rose 9, Rubber Goods pfd. g., Min
neapolis B. St. Louis, A; BROOKLYN Transit,
81; North American, 8; Illinois Central,
Southern Pacific, Iowa Central preferred,
Des Moines g. Fort Dodge, Pittsburg, G.,
G. & st. L., Canadian Pacific, st. Paul
and Realty preferred, 2@21a, and many
more from to 2. Evansville g. Terre
Haute rallied 6h. General Electric and
New York Air Brake,4f Railway Invest
ment preferred and Virginia Carolina
Chemical, 8. Minneapolis & st. Louis
preferred dropped ~ and Virginia Caro-
lima Chemical preferred. international
Paper preferred, Continental Tobacco pre-
ferred and Lead, to-S. Bonds were firm.
The Rise Continues.
Leading stocks made further substantial
advances and a number of minor stocks
rose maL0f1auy O61OF6aEll6 rise was checked
by realizing sales. In general the active
list ruled between and points over Sat
urday's close. Among the less active
stocks there were such gains as in Ana
condo and from to 55a An Erie second pfd
Pacific Coast. Pittsburg,C., c. and st. L..
Westinghouse Electric and Rubber pfd
Railway Investment pfd, Evansville &
Terre. FIaute and General Electric sold al
6@61s above their loss.@ In the reaction
Southern Pacific and Union Pacific lost 4
and the other leaders. a-good fraction. =
>. During the final hoursst. Paul rose 3A
over Saturday. Illinois Central. 81 New
York Contra, Kansas ~ Texas preferred
and Metropolitan strGet Railway IN
Delaware 81 sHudson, MA; General Elec-
trie,.f 3 z6;sssU Observation-Disclosures preferred
| Sk, and Southern Pacific, Reading, Colo.
RADIO and Southern Pennsylvania and Ten.
nessee Coal, 2 to 21a. New Jersey Cen.
| trail rallied 3A, and Evansville & Terrt
| EIaute, s1k- Relief that further fall
| ures were announced induced buying
Some selling to realize met the advance
Cotton Oil preferred dropped, but the
close was Quiet and Steady and slightly
below the best. 7.5as 1
| Stock quotations reported for The Journal b,
Watson & Co., brokers, Chamber Of Commerce
| Minneapolis: r
| Closing figures are bid