The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-06-15
BEARS STILL ON TOP
Opening Prices Were Low and
Heavy Selling Orders Force
Them Lower Yet.
Unloading Is General and Big Blocks
Of the Leaders Are Thrown
Overheard.

New York. June 15.-Sales of stocks at the
opening were large and blocks of 1000 to 5000
SHARES OF most of the leaders were thrown upon
the market at declines running from a large
fraction to over a point. Three thousand shares
of Atchison sold at esq and 69h, compared
with SOY on Saturday and losses of Reading.
the Er1es, the Pacihcs, Brooklyn Transit, Norfolk
Western andu Peoples Gas We're about
point. Depression in London was reflected in the
opening dealings here.
Opening losses We're we'll extended in some
CAGES before there was any apparent check to the
selling. Not much Of a recovery was made
when the buying orders appeared and before II
o clock many stocks were ruling below their open
Ing prices. Sugar, Tennessee Coal, Pennsylvania,
New York Central, Erie, Texas & Pacific and
Kansas s Texas stocks and United States Steel
We're added to point losses or over. Louisville,
Illinois Central and Norfolk 4 Western fell
about two points. Atchison Baltimore & Ohio.
Reading, Union Pacific, Southern Pacific, Wa
bash, Missouri Pacific and Amalgamated 1h over
and a number of less active stocks lost between
and 2.
rally Of a fraction met renewed selling or.
ders and prices fell back to about the lowest
st. Paul, Rock Island, Ontario & Western
Chesapeake & Ohio, Hooking Valley, Southern
Railway, Chicago Great Western and North-Wes-
tern lost to ~. Losses Of IN to were
scored by Minneapolis. ST. Paul & sault Ste.
Marie preferred, Cleveland, Cincinnti, Chicago &
st. Louis, Metropolitan Street Railway, CONSOLE
dated Gas, sloss-Shefheld Steel and Colorado
Fuel. Before noon Atchison got more than
souri, Pacific fell 1k.
Bonds were irregular at noon.
The pressure was more concentrated against a
few leaders, notably Union Pacific, Baltimore &
Ohio and Amalgamated. Losses in these reached
points and some Of the other speculative favor
ties also sold lower than in the morning. Sub
stantial declines on small offerings were made
amongst the dormant stocks. Westinghouse Elec-
trio declined 5, Railway Steel Spring preferred
3a4, oss-Sheffeld Steel 3h, General Electric
and North American 2h and Pressed Steel Car
2. The market was steadier in tone by O'Clock
but the demand was light.
The market was intensely dull during the
greater part of the Afternoon and there was a
shading of prices for the less active stocks. Kan
awha & Michigan gave way III, Wheeling &
Lake Erie first preferred, Lake Erie & Western
and Railway Steel Spring and Kansas &
Texas preferred and Delaware & Hudson 2A.
st. Paul sagegd to ISL and Atchison's loss
reached 21x.
Prices ran off to the lowest of the day in the
last hour. Amalgamated lost 3M and Atchison.
st. Paul, Wabash preferred, all the Pacifcs,
Erie, Reading, Norfolk & Western Chesapeake
g. Ohio, baltimore s. Ohio and Tennessee Coal
extended their losses, which ranged from z tc
g. American Telephone dropepd 5, Minneapolis
st. Paul & Sault Ste. Marie 81, the preferred
Az, Metropolitan Securities 37s and Consolidated
Gas 3A. A.-tz ~
The closing was heavy at hte lowest.
Stock quotations reported for The Journal by
Watson & Co., brokers', Chamber of Commerce,
Minneapolis Closing figures are bid.