The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-11-10
tries. of imported sugar. The bears also

succeeded in depressing New Jersey
Central, Manhattan and one or two
other recently susceptible stocks. But
the sympathetic decline brought about
in the rest of the list was narrow and
gave sufficient warning to the bears that
they were not to have things their own
way so unresisted as yesterday. The
coalers showed a marked tendency to
recover from their recent depression on
reports of an agreement between the
competing interests in the trade. The
Southern railroads enjoyed the benefit
Of the very large cotton movement
which has resulted from the lifting of
yellow fever guarantees and which has
sent the price of cotton to near the low
est prices on record. The whole rail-
way LIST also was strengthened by con-
lsideration of yesterdays Supreme court
decision denying the right Of the Inter
State Commerce Commission to enforce
absolutely the long and short haul
clause of the Interstate law. There
was a marked subsistence of apprehen-
sion regarding the relations with Spain
Ion account of Cuba, and intimation
came during the afternoon, after the
cabinet had gone into session at Wash
lington that an official announcement
would be made there tomorrow of an
Expressed willingness on the part of
Spain to accept the good offices of the
United States and aiding the settlement
of the Cuban question. One of the
strongest factors in the improved tone
was the large and confident buying for
London account. Money in London
shows an easier tendency and invites
the increased speculation. Part of the
buying also was incident to the settle
ment in progress on the London ex-
change Reports of railway earnings
were, many of them very favorable.
There were periods of dizziness and hest
fancy during the day and the total
sales of all stocks were less than 400,-
900 shares, of which Sugar, Burlington
and st. Paul made up nearly half.
The bond market was rather quiet but
prices held firm. Total sales S3,350,000.
United States SIS declined Is bid and
the two registered y.
The total sales of stocks to-day were
100000 shares. including Atchison, pre-
ferred, 1903; Burlington, 49,025; Louis
vile and Nashville. 14,410; Missouri
Pacific, 9.540: Missouri, Kansas and
Texas, preferred, 5,315; New Jersey
Central, 10.150; Northern Pacific, pre-
ferred, 10,765; Chicago Northwestern,
5905: Rock Island. 1915; st. Paul,
41.542; Union Pacific, S,465: Bay State
Gas. 27.2T0; Chicago Gas, 20,145;
Sugar, 1880.
LONDON MARKET.
New York, Nov 9.-Evening Posts
London financial cablegram:
The tone of the stock markets was
generally good to-day, consols leading.
Business is increasing slightly. Mines
were good. notably the Australian. AM
orleans opened dull but soon rose above
! the parity on buying here. A leading
! financial daily turned bullish on Amerl-
cans to-day. There was n slight set
\ back when New York's first prices were
received, but the close was strong at
the best. The tone was better than
4 for some time past. General settlement
| shows small account and is going
smoothly. Contangoes on Americans
were about AZ to 5 per cent.
Tomorrow will complete the period
for which the Indian government an
nounced a suspension of the weekly
! drawings. I learn that the Indian gov
lernment has cabled that they will an
nounce their decision as to resuming or
not in few days. 1t is known, how
ever. that the Indian treasury balances
in India are low, being nearly four
crores S40,000.000 pounds sterling) I'M
der the figures of year ago.
The money market borrowed from the
bank to-day.
The Paris and Berlin markets were
firm.