The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-08-13

RALEIGH. NJ. q. 'ugust IL
Good cotton 81 @Sk. Receipts IA bales.
RALEIGH PRODUCE MARKET.
STOCKS AND BONDS.

| STOCKS AND BONDS.
New York, Aug. 1.-THE volume of
dealings on the stock exchange came near
the high water mark of last Monday,
transactions footing up 743, 900 shares, as
compared with $4,000 shares on Mon
day. 1t was a rampant bull market all
through and the most striking feature
of it was the assured touch with which
a number Of long buried and almost for
gotten stocks were brought out to the
light of day and very noticeable de-
gree Of animation installed into them.
The opening showed the lively specula-
ton in Union Pacific still undated, with
no special news to account for it. The
price jumped to 145A as compared with
last nights close at IL, in the first few
minutes of trading, but did not hold at
the high point owing to the very lively
selling for London account. Sales were
nearly $4,000 shares and were only
slightly exceeded by those of Sugar. The
excitement in the wheat market accom-
Ipanying the continued rise in wheat was
still the predominant factor in the stock
market, and helped to carry up most of
the grain carrying roads point or over.
Chicago Great Western was an excep-
| llou anu IdSSeu dlI udy, TeCtUiHS quite
sharply on profit taking.
Northern Pacific preferred also after
a substantial gain, scored sharp loss at
the close on the announcement of the
changes in executive officers and the en-
phatic statement accompanying it that
the road would continue to be operated as
an independent property. There were
heavy realizing sales all day in a great
many stocks and such sales were the de-
cisive influence in a heavy close. There
was a renewal of activity in the high
priced industrials, notably Sugar, To
bacco and Chicago Gas. These stocks
made shap rises at one time during the
day, Sugar touching new high price
record at 1885, but all suffered keenly
from reaction and were an adverse infu-
ence in the market. Statements of rail
way earnings continued favorable, nota-
bly, Louisville and Nashville, which
showed an increase in earnings for the
first week in August Of SCI, S15, Ohesa-
lpeake and Ohio with an increase of $42,-
235, and Southern with an increase of
$50, 449.
All of these stocks enjoyed special
benefit from these statements as well as
the benefit to general Improvement of
values. London continued to sell stocks
here and to be ignored III the effect.
Sterling exchange, and more notably con-
tinental exchange, continues to show
weakness and to go lower, The following
are some of the significant changes in the
days trading: Atlantic and Pacific was
advanced from ", the quotations ruling
for a long time past, to ~ on sales of
5000 shares; Brunswick Mining Compa-
ny rose from 1as to 2A; Colorado Coal
and Iron Development Company from 8
to 5; Baltimore and Ohio from 1214 to IT;
Baltimore and Ohio Southwestern pre-
ferred from 5A to 61a; Hooking Valley
from 49, to Az; Central Pacific from -
to 1414; Keokuk and Des Moines pre-
ferred, from 16 to 10; Linseed Oil from
1912 to 10; North American from 515 to
6 on sales of 1000 shares; Quicksilver
preferred from to 101a; Union Pacific,
Denver and Gulf from AS to N ON sales
of over $4,000; Wheeling and Lake Erie
from IL to 25s on sales of Is, 900 shares,
and so on with other neglected low priced
shares in a less noteworthy degree. Net
gains were the rule in the active list,
though the number of prominent stocks
in which the gain attained point is
small. Many less active stocks show larger
gains extending up to 6A in Starch Sec
ond preferred. There were fractional
losses in Tobacco preferred, Brooklyn
Transit, Chicago Great Western, New
York Central, Omaha, Tennessee Coal,
and the Leather shares. Illinois Steel de-
clined 3 points.
The total sales of stocks today were
l742, 800 shares, including Atchison, $500;
Atchison preferred, 1880; Baltimore e.
Ohio, 1920; Chesapeake and Ohio, 49,
065; Chicago, Burlington and Quincy,
1920; Erie first preferred, 5,645; Hook
ing Valley, 5000; Louisville and Nash
vile, 1920; Missouri Pacific, GAS; Mis-
souri,, Kansas and Texas preferred. s.
$50; North American Company, 1880:
Northern Pacific, 1864; Northern Pa
Gifts preferred, 32,240; Ontario and
Western, 6,696; Reading, 1880; Rock
Island, 81, APO; St. Louis and S., 5.4OO:.
st. Paul, 4S,620; Southern Railway, TO-
300; Southern Railway preferred, 1O,1OO:
Texas and Pacific, 1920; Union Pacific,
81 200; u. p, d. and G., 1850 Wheel
ing and Lake Erie, 1890; American To-
bacco, 1880; Chicago Gas, 22,4SO: Pa
cifc Mail, 1880; Sugar, 5000; West:
ern Union, 1880. :
Transactions in bonds embraced an I'M;
usual variety of issues, with the upward
movement which has so long dominated
the speculation unimpeded. The pGr-
chases for continental account were very
large and included the leading invest
ment and speculative issues. Gains Of a
point or so were numerous, with sbnll
sentiment very pronounced at the close.
The aggregate sales were $400O,00G
Governments held firm on purchases of
$11 900.