The news & observer., 1897-08-27
RALKIGH COTTON MARKRT.
STOCKS AND BONDS.

New j GTE. Aug. -o--I ne STTlklnG I3ct
about to-day's market for stocks was
the absence of any large offerings to SELL
The sharp rise of prices at the opening
of the market was on very moderate
volume of purchases, The buying de-
mand fell off almost Immediately but
prices receded very slightly and held
firmly in face of an almost stagnant de-
mand. The big buyers were practically
out OF the market and even the small
demand showed few stocks forthcoming
so that prices moved easily in either tli-
rection Even with the condition so in
viting 10 manipulation, the market was
apparently neglected by all interests and
many stocks which have been active in
the recent trading did not move at all
during the entire day. The total sales,
10000 shares, is the low record for
several months past Much more ami
nation was manifested in the bond mar
ket and prices there Were strong, exer-
cising a sustaining influence ON stocks.
The quietness which has fallen upon the
stock market is due TO a somewhat un-
settled conviction as TO the safety and
final dimensions of the corn crop. The
mercurial condition Of the grain markets
has aroused a condition of doubt in the
minds Of stock traders and they are
waiting for more fixed conditions before
putting further money on a large scale
into stocks. The strength Of individual
stocks helped TO sustain the market
which was in that respect almost a repe-
titi0n of yesterdays. Missouri Pacific
was strong and sold at the opening III
above last nights close.
The stock was in good demand ali day
and closed with net gain of y. The
Vanderbilts continued in good demand
and radiated strength through the mar
ket. Chesapeake and Ohio was most
largely dealt in on reports of its improv-
ing finances and led the list with sales
of $4,000 shares. Cleveland c. G. and
st. Louis preferred was bid up to 7S as
against IS the previous sale. During
the latter part of the day sugar was
remarkably steady at over point above
last nights close. The buying at the
close, which was most prominent in the
Changers, carried the market to the high
est level of the day, Rock Island leading
with a net gain of IL per cent. Lon
don buying was quite a prominent factor
in view of the small volume of the trad
ing. The sales for the day for London
dSCouAI "SIC it IO,UUO SudFGS.
Only the three leading Changers, Chesa-
peake and Ohio and New York Central
were dealt in to the extent of 10000
shares. Net gains of a sharp fraction
were general all through the list at the
close and extended to 31a in the case of
Norfolk and Western preferred to 2 in
Laclede Gas and a point in Michigan
Central. Metropolitan Traction lost Q;
Lake Erie and Western a point and
Manhattan, Tobacco, Canadian Pacific.
Colorado Fuel, Consolidated Gas, Central
Electric, Northern Pacific and Southern
preferred a fraction.
Total sales of stocks for the day were
211,11O shares, including Atchison pre-
ferred 10,550; Chesapeake and Ohio, o.
800. @. B. and O., 1O,9SO; L. and NJ,
1920; Missouri Pacific, $3.50; New York
Central, 11,035; Rock Island, 1O,5O1:
st. Paul, 1867; Laclede Gas 2,72O; Su-
gar, 10,470; Chicago G. W., Oils.
The railroad bond market was active
for the speculative issues at higher prices.
Government bonds sold fraction higher.
The total sales of bonds were $2,21O,-
000