The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-19
STOCKS SELL LOWER.
Rock Island Breaks Several Points
Below the Close of Last
Night.
The General List Shows Losses, Many
Stocks Declining a Point
or More.

New York, Aug. 1s.-The opening stock
market was unsettled with continual
ton of yesterdays late profit taking at
some points and support at others, notably
in the Pacifics. Virginia Carolina Chem
ical fell point on the passing Of the
dividend and Tennessee Coal dropped 3
in the reduction in southern pig iron.
Opening sales of Rock Island were OF $500
shares at 30A to 30k, compared with
Biz last night. The stock subsequently
ran off to below 80.
The rally in Rock Island stead1ed the
market but with renewal of pressure on
that stock and drop in Amalgamated
to a point under last night the tone be-
came heavy. Rock Island fell 1A and de-
clines from last nights level reached 1
to III In Missouri Pacific, Wabash, Louis
vile & Nashville Chesapeake & Ohio,
Southern Railway, Brooklyn Transit,
Sugar, Consolidated Gas and a number Of
minor stocks. General Electric and North
American dropped 3. The market was ir-
regular at II o'clock.
The market became dull and steadier
for time, but fresh selling orders ap-
peared in volume, carrying prices lower
| than before. Rock Islands loss reached
~, Amalgamated, leather preferred and
Delaware & Hudson 2, United States Steel
! IL and the common, st. Paul, Union Pa
| cific, Atchison, Canadian Pacific, Erie,
| Reading, Norfolk & Western and Balti-
more & Ohio came into the range l to
| III point losses. The pressure relaxed be-
| fore noon, but there were no rallies OF
| consequence. Bonds were irregular al
noon.
No effective support developed during
| the noon hours and Rock Island was car
ried 31s under last night, ST. Louis South
western preferred 81, Brooklyn Transit
3. Amalgamated Copper, st. Paul and
l Metropolitan street railway IN, and Mis-
souri, Pacific, Atchison, Southern Pacific
Reading, Kansas City Southern and
United States Steel preferred about
points. The market steadied at the enc
| The market was rather feverish and IT.
regular at rally which reached a point
in Reading and the Southern Pacific. A
fresh decline in Amalgamated to under
last night and drop of 3 in National Rail
road of Mexico preferred han an unset
Ting effect, but prices generally did no
/ get lower than before. The market wa
i frmer at 2 o. clock. u
/ There was much covering OF shorts anc
rallies of a point or more in many stocks
j but the bears made another drive which
carried Amalgamated down 4, Genera
Electric and Delaware & Hudson a. Con
solidated Gas 81. the Kansas City South
ern stocks 8, Erie second preferred ~
and Union Pacific, Brooklyn Transit, AL
ton preferred and Sugar 2 under las
night. Other active stocks touched tn
lowest Of the day but only extended thet
previous extreme declines by small frac
tons There were some rallies but othe
stocks drifted down again. st. Paul an
Atchison sold down more than point
and Rock Island fell below II. The clos
ing was active and weak.
Stock quotations reported for The Journal b.
Watson s. Co., brokers, Chamber Of Commerce
Minneapolis:
| Closing figures are bid. -...