The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-30
MERGER RUMORS
BOOST 81. PAUL
UNION PACIFIC SELLS FREELY
AND LATER RALLIES.
Great Northern Jumps Three Points
Market Becomes Feverish and
Irregular =. Sugar, Long Neglected,
Advances Rapidly General Mar
ket Dull. i%5

New York, March 30.--Interest at
the opening in the stock market to-
day centered In the Pacifics and trans
continentals, owing to the rumors OF
absorption of Union Pacific In the
interest of st. Paul.
gs There were running sales OF S,2OO
shares Of Union Pacific at 81 and S6ta.
compared with 86h last night, and
the stock subsequently yielded an adj
ditional fraction.
Five thousand shares OF Atchison
sold at TN and VI, compared with
Tx last night. .s3
II The taking Of 1000 shares OF south
ern Pacific and 1000 shares q st.
Paul lifted those stocks an eighth, but
st. Paul subsequently rose y
Great Northern preferred jumped
points. The rest of the market was
quiet and showed small changes with
gains predominating.
Furious buying OF st: Paul carried
LIT to Las. Atchison was also taken
freely up to ~ X, and louisville ROCK
Island and Missouri PACING We're III
increased demand. Excepting Union
Pacihe and Paeif1c. prices
The failure of these leaders 70 re-
spond led to aggressive selling OF the
! latter, Southern Pacific losing and
Union Pacific d point. Other stocks
| then displayed, a dictionary tenden-
cy, but hardened towards I'll, when
4 Union Pacthc raltted strongly.
st. Paul rose again to 146M and n
i Missouri Pacific advanced strongly l7s.
Atchison preferred, North western
/ preferred, Colorado & Southern sec
ond preferred and Pump common ano
i preferred advanced 1@l -
i Atchisons led spasmodic rally In the
afternoon, crossing e. Selling Of the Pa
cifics was resumed with more vtgor aiter'
ward, Union Pacific and Southern Pacific
falling to the lowest of the day at sou
i for the former and 49M for the latter.
Pressure developed generally all around
Est Paul losing all but small fraction O.
4 It's gain, and some OF the earlier strong
stocks, such as Missouri Pacific. Atchison
New York Central: Reading and Pennsyl
wanna, reacting about a point. Delaware
& Hudson and Ice preferred sold poin
under yesterdays close, and Republic
Steel preferred gained 19s.
l n The market was fevertsh and irregular
Excessive advances at different points
were followed by reactions and Union Pa
Il cifc and Southern Pacific consistent
lily held back
Pennsylvania, Reading, Rock Island, st
Louis Southwestern preferred and Unitet
States Steel preferred made gains OF
point and New York Central 1M. Buffalo
d HOcHeSIer q F1ttsuuIB duvo1iceu 80 e1AA'
|Pittsburg, G. G. & St. Louis fell ~.
l Bonds were steady at moon.
4 Sugar, after long neglect, was taken vi
by the traders and rapidly advanced IN
The general market continued hesitatin
and dull. Brooklyn Union Gas fell ~.
Atchison, Missouri Pacific and Union Pa
cific- got slightly lower and then Their
was rally and unsteady fluctuations No
much was left OF the rise at any point an
trading dirniaished to small proportions
T American EXPRESS dropped four points
Prices were bid up again before the clos
: which was dull and slightly irregular;
stock quotations reported for The Journal
Watson Co., brokers, Chamber OF Commerce
: Minneapolis. Closing figures are bid.