The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-10
MARKET IS FEYERISH
Minneapolis & St. Louis Stocks Are
Forced 8lla Points Below
Saturdays Close.
The General List Shows a Curious
Mixture of Gains and
Heavy Losses.

New York, Aug. 10-There was good
zeal OF suppressed excitement at the open
ing OF the stock exchange to-day, and
considerable relief was reported by the
sprinkling Of gains shown among the pre-
dominance Of losses. Declines were not
exceptionally violent in any cases, and the
selllng was not on a remarkably large
scale. The most notable gain was a jump
OF "a In Canadian Pacific. Union Pacific
rose r., and New York Central, Reading
ana Erie rose small fractions. Among
the losses there were drops Of 2 points
IN Norfolk & Western and Virginia Caro-
INA Chemical. Delaware & Hudson was
or ~ and Texas & Pacific and Realty
preferred ". Rock Island preferred de-
cl1ned point and Rock Island common
and Steel preferred were off H. Support
ing orders Wee very evident and there
We're quick recoveries within the first few
minutes. extending to nearly ap ONT in
some leading stocks
The evidence of support in the market
frightened the bears and they bid I'D
prices In an effort to cover, causing vio-
lent fluctuations. Canadian Pacific was
run up points, and other stocks, which
bore the brunt of Saturdays attack, made
Vollent recoVerles. Metropolitan Street
Railway, Southern Pacific nUion Pacific
and Pacific Mail were lifted nearly points
over Saturday, and Delaware & Hudson,
Reading, Erie and New York Central, ST.
Paul. Wabash preferred, Illinois Central
and Manhattan 1@1H These gains did
not hold. Canadian Pacific reacted 3h
Delaware & Hudson 21a and Metropolitan
Street Railway ~. Trading became less
active for time on the reaction, but the
tone was feverish. Then there was a
sudden break of ~ in Missouri Pacific,
and Atchison fell back to about q point
from Saturday. The tone then became
weak. s.'~-r-s.-t
The announcement that all stock sheets
had gone thru the clearing house steadied
the market, but there was no renewal Of
strength. Trading was quiet but the I'M
dertone was nervous. Brooklyn nUion
cas- ga 6 Droke ~. MINNEAPOLIS & st. Louis
91s% Consolidated Gas 8, st. Louis & San
Francisco second preferred u, Manhat-
tan and ST. Paul preferred and South
ern Railway preferred 11h. There was
a rise Of in Long Island and IN in Twin
City Rapid Transit Bonds were heavy
at noon. 80.
Pressure amongst the leaders centered
upon Missouri Pacific, which fell 2
points under Saturday Atchison, Rock
Island preferred and Pennsylvania got a
point under and Manhattan ~. Other
losses were Rome, Watertown & Ogdens-
burg 57s, American Express s., Pressed
Steel Car Az, New York Air Brake ~
Cons olidated Gas 4, Southern Railway 81
and Texas & Pacific Land trust g. The
market became dull.
There were some further declines,
Southern Railway preferred receding AZ
and Atchison preferred ~. A vigorous
rally then set in, the buying movement
showing considerable animation. The
Pacifics, Atchison, ST.. Paul, New York
Central, Baltimore & Ohio, Erie first pre-
ferred Peoples Gas, Sugar, Tennessee
Coal and Metropolitan Street Railway and
Consolidated Gas recovered 1 to 2, North
Western preferred rose 2 over Saturday
and Minneapolis, st. Paul & Sault Ste
Marie ~. " s4szs ..--.
Stock quotations reported for The Journal by
Watson & Co., brokers' Chamber of Commerce.
Minnes pois = ErIf-,,. -r-5l.- -. 49,
Closing figures are bid ,.-s-