The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-19
PRICES RCURIAL.
Market Opened With Yesterdays
Downward Tendency Notable and
Large Sales Were Recorded.
Subsequently Effective support Raj
lied Favorite Stocks and Shorts
Were Driven to Cover.

. New York, May 1e.-Yestterday,s downward
tendency OF prices was still prevalent this NOR
ming in the stock market. Large sales were made
at the opening which were welt distributed, caus-5
ing fractional declines amongst nearly all the
representative stocks Reading and Southern Pa
cihc lost Declines otherwise did not exceed
4 ~ a rise of " in Amalg alnated and OF small
fractions In Rock Island and st. Louis s. San
francisco We're the only important exceptions to.
the general course of the market. 34s
Buying orders rallied most Of the standard
stocks q fraction above yesterdays close, but the
movement was attended with good deal Of fe-
,varishness Meanwhile prices were slipping of
at other points Fluctuations in the active stocks
were slight, altho considerable stock changed
hands. Declines reached 2la in General Elec-
trio and 1@11a in Chicago Terminal preferred,
Delaware s. Hudson, Peoples Gas Linseed, Re-
public Steel and Ice preferred. Lackawanna adj
vanced 2 and st. Louis s. San Francisco and
Rubber preferred Il. The market slipped back to
the low level and became dali at the end Of the
hour. zzs5.s Se # 5sSss u So Il
The effective support given to q few represent
alive stocks, notably st. Paul, had a decided in
huence on speculative sentiment and prompted
covering of short lines. Advances ranging from
nearly APPOINT to u over last night resulted in
ST. Paul, Missouri Pacific, Delaware & Hudson,
Wheeling Lake Erie, Canadian Pacific, Louis
Vile. Kansas s. Texas preferred, Erie second
preferred. Amalgamated, Colorado Fuel, Ameri-
can Ice and Consolidated Gas. There were fresh
stocks ranging from to 2 points Buying de-
creased at the higher level and prices Slipped
back the fraction. Bonds were irregular at
noon. Kz#si3s555s III @ssssss is.g T. s4
Prices were held we'll in check and when St.
Paul rose anew to 49, the entire list followed.
Union Pacific and New York Central extended
their advances to point and other leaders were
a #trife higher. Stt s9siisS ;4s sS5
Attempts to take profits forced the market
down slight fraction, but the persistent sup
port which had been in evidence all day. reassert-
ed itself and prices red fully. Some of the
trunk lines. Pacifcs and Goulds touched the
best prices of the day Wabash preferred Mis-
souri, Pacific. Texas & Pacific and Rock Island
rose more than point over last night, and
North Western 3B. General Electric recovered
earlier losses. a
The upward movement carried Baltimore &
Ohio, Illinois Central, Sugar, Smelling preferred
Metropolitan Street Railwsy and the Securities 5
company 1@1A over last night. Lake Erie
Western preferred rose S. The room traders then
took their profits Of the days advance. causing
fractional reactions. Iowa Central lost 2A5 and
the preferred 8. with partial recoyeries and Pull
man lost II. Gains in the leading stocks were
generally reduced to- fractions. and Manhatta TIA
closing was moderately active and easy.
= Stock quota lions reported for! The Journal by
Watson & Co., brokers' Chamber of Commerce,
Minneapolis. Closing figures are bid.
Il