The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-10-29

/ close, sugar, dlltI Il SuUStdulldi kdlus
fell 21a points, but also recovered to
net decline Of a fraction. The coalers
as a group were weak on the unsatisfac-
tory condition of the trade. Notwith
standing recoveries near the close theii
net losses were point or over. The grain
carrying roads, ON the other hand, dis
played frmness, which was principally
due to roseate forecasts of the September
earnings of Burlington, the statement Of
which is yet to be published. BY reason
of this influence, railroads generally are
fraction higher, except some Southern
roads and coalers, while the industrials
and specialties are generally lower.
Union Pacific was less active and was
uncertain in its movement on account OF
doubts of just what changes in the
lplans of the reorganization committee are
involved in the advanced bid to the gov
eminent. The doubt applies not only to
the plan of financing the new company
but to the ultimate disposition of the
Kansas division, which the committee
processes itself willing to reliquish to
the government, so far as the subsidized
lportion is concerned. The stock closed
81 higher. The arrangements for the pay
lment to the government and for the gov
ernment's payment Of bonds coming due
on January / are also looked forward to
with interest for their effect on the
money market. 1t is believed that the one
will be timed to offset the other, as far
as possible, so as not to take large
amount of money out of the market.
The sum to be paid to the government
will considerably exceed that to be paid
out ON this account, but the continued
excuses of disbursements over receipts
IL ~ frna
will help to make this up. 1t is believed
| that any marked effect on the cost or
money will thus be avoided.
| Central of Georgia second incomes de-
cEned 1Ts and the third incomes point
Kansas and Texas issues were weak.
! Dealings in bonds were not no large
scale. Total sales, 1,5S0,000. United
States IS were advanced 1B bid.
| The total sales of stocks today were
81. 600 shares, including Atchison pre-
ferred, $500; Burlington, 20,935; Louis
Vile and Nashville, 7,100; Missouri Pa
lcifc. $3.50: Northern Pacific preferred,
< 1857: Rock Island, 600; st. Paul, 81
900; Union Pacific, 25,S60; Chicago Gas,
I21.17O: Pacific Mail, 6,S77; Sugar, 81,
144; Chicago Great Western, 5,46O.
LONDON MARKET.
New York, Oct 28-The Evening
Posts financial cablegram says:
To-day the market was quiet with II
4 regular movements. Consols and kind
red stocks were better. Americans and
! Canadian Pacifcs opened fiat, but re-
! covered before the New York prices ar
rived. partly on more cheerful state
ments of the Cuban question and part
|ly on genuine purchases here. There was
further recovery later, but the close
was at a fraction under the best. KAT
frs were better again, and Brazils were
weak.
The Paris and Berlin markets were
| firm.
| Taxes have been coming in largely
| during the week; therefore the decrease
of $4,000 pounds sterling in public de-
posts and the decrease of 1,335OOO
pounds sterling in government securi-
ties, showing the weekly statement of
the Bank of England, mainly signifies
that the government has repaid the
Bank the amount borrowed on the de-
ficiency bills previous to the. disburse-
ment of dividends on the fifth of this
month. The reserve is up 10000
pounds sterling. Details of gold for this
week are 100000 pounds sterling from
the Cape, $1,000 pounds sterling in
eagles and 10000 pounds sterling In
soyereigns for the continent. To-day the
market has borrowed a further small
amount from the Bank. but the Bank
also has repaid a certain amount toI
the market of the total borrowed early
in the month.
| NEW WORK. or nSINti STsttyK w EST