The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-04-13
SECURITIES &c; RI lbs AT 81
Stock Market Opening Is Weak and
Lower But Sharp Recoveries
Follow.
Near IL O'Clock Active Selling
Begins and There Is Another
Slump. =

New York, April 13.--With the London Stock
Exchange still closed for Easter, Monday, there
was nothing to indicate the outside view OF the
here. Prices declined sharp fractions, and in
some cases made immediate recOyeries, showing
very feyerish tone. Reading was down. and
PENNSYLVANIA, New York Central and Canadian
Pacific ~ Southern Pacific, after opening un-
changed, advanced u Secondary prices were
better-than the first prices. s. . IS = -
Prices moved ftfnlly, though with an. up
ward, tendency. Most of the important losses
were made when supporting orders appeared, and
In a few cases prices rose substantially above
THURSDAYS close. St. Paul. Missouri Pacific,
New York Central, Amalgamated and Sugar
showed especial frmness and Offset scattered SELL
Ing OF less ,well-known stocks. Southern Pacific
fuctuated feverishly between 571a and 55%.
Near II o'clock the market became heavy and
declined below the opening prices on active sell
ing. St. Louis & San Francisco lost 3. points
net Rock Island 1 u. Baltimore & Ohio, Norfolk
Western and sAmalgamated 1 to ~. North
ern Securities the curb sold down from 1O2Ss
to 101. ~ . :y.7 - e@:sf .r',., <.>:'-
Prices on the Stock Exchange showed close
sympathy with the movement of Northern secu-
rites on the curb. Support for that stock
accompanied the rally on the exchange, but
Northern Securities, after momentary rally
broke violently to 9s1a, a loss from Thursday
final process of 5b points. This led to renewed
| liquidation on the Stock Exchange. Declines
| reahced two to three points in the Pacifcs, At
Gibson, st. Paul. Rock Island, Texas & Pacific
| Reading. Baltimore & Ohio, and other leading
ol'lre S'oSHs' Rediihss "ele IL A"iSe '''"Ai'
Bonds were heavy at noon in sympathy witt
stocks. -,
,-. A New "Rottom" Reached.
| A drive against the Gould and sout stock,
| checked a momentary rally and prices sagget
| rapidly. Texas & Pacific broke four points
| United States Express ~, New Haven five, st
| Louis s. San Francisco six and American Express
and Lackawanna ten. United States Steel pre-
| to 54a and bounded up again to Sc with som
| slight effect on other active stocks. Liquida
| ton was renewed on large scale just before
| o'clock in st. Paul, Baltimore & Ohio, Uniol
| Pacific. Reading and Missouri Pacific. Losse
generally ran from ~ to over four points in tn
| est Of the present downward movement:
| During the noon hour Northern Securities brok
to 81 and then rallied a. point.
| /. =, Some Bad Breaks.
There was a few feeble rallies when the pres
sure OF liquidation was momentarily relaxed
but prices dropped weakly again to the lowest o
the day before 2 O'clock. Losses extended 1
st. Louis San Francisco to 81; Reading 81
Illinois Central AZ, Union Pacific Az, st. Pau
New. York Central and Pennsylvania 274.
Additional declines in the last hour cause
losses for Wells-Fargo of 1917. Great Norther
preferred 10, Minneapolis. ST.. Paul 4 sault St
Mars e hsaag
ern 4sa, and General Electric and North Amer
can 4 ~. In order to cover shorts the bears ha
to bid up prices 1914 for st. PAM; Union P
Illinois Central Pennsylvania, Baltimore & Obi
Reading, Louisville. sAmalgamated. Sugar, Ma
haitian and Brooklyn Rapid Transit
Stock quota tiors reported for The Journal
~ Closing figures are bid.