The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-09-18

the spasms of activity to-day went the
| round of pretty much the whole market.
| The grangers, the trunk lines, the Van
derbilts and the southwesterns, all of
which have recently been checked on
realizing sales invited by, previous sharp
gains, showed recoveries to-day. The
most conspicuous feature of the mar
ket, however, was the lively demand for
the coalers. New Jersey Central was
carried up an extreme 334 ito 1919, cross
ing par for the first time since Februa-
ry third, of this year. The decline which
preceded the reduction of the dividend,
dated from that time, and eliminated ON
May oath, when the stock touched 6S14.
1t was one of the last stocks to feel the
impulse of the recovery of prices. The
Reading stocks all advanced a point or
two over during the day, but fell back
sharply just at the close. Lackawanna
rose 214 and Delaware and Hudson 1ai.
There was some stirring up of the dead
cats and dogs ON the list also and some
sharp advances were recorded in stocks
so low in price that it is only a little
way to go to double it. The Southern
Railroads seemed to have the incubus
of the yellow fever scare lifted, and
Louisville, Southern preferred and Mo-
bile and Ohio all gained considerably
over q point. The increase in gross earn
ings of Missouri Pacific, of $4,000 for
the second week in September and for
Wabash of $2S,715, turned attention to
the Southwesterns and Missouri Pacific.
Atchison preferred and Wabash preferred
all gained point or over net. The solu-
ton of the troubles of the soft coal in
dustry which is being worked out, was
reflected in sharp advances in Toledo and
Ohio Central and Hooking Valley pre-
ferred. Union Pacific was another con-
spicuous figure in the trading, being
heavily bought by London and closing
with a net gain of nearly two points.
Manhattan, which sold to-day eXdividend
of 1 per cent, recovered the dividend,
and another point beside. The grangers
were less active than of late but mani
tested strength, Chicago Great Western
leading. In the industrial list the Spirits
stocks which have advanced much less
than others in the current movement,
showed sharp gains, the preferred rising
point The other leading industrials
including Sugar, Tobacco, Leather pre-
ferred, Lead and Rubber showed some
what heavy tone, and closed at small
net changes except Tobacco, which lost
over a point, and the common and pre-
ferred stock of Pittsburg G. c. G. and
S. Louis, over two points. The ex-
change market was weak and dull, es-
pecially that for continental exchange
and it is evident that any material har-
dening of the local money rate will re-
suit in prompt imports of gold.
The total sales of stocks to-day were
60t,30S shares, including Atehison, %,
400; do preferred, 1850; Chesapeake
and Ohio, 2S,225; Chicago b. and O.,
- 23S; Louisville and Nashville, 1880;
| Manhattan L., eX-diyidend, $3.50; New
Jersey Central, 1880; New York Cen
trail, COPS; Northern Pacific S,615; do
preferred, 1920; Ontario and Western,
1850; Reading, 27,120; Rock Island,
11,420; st. Paul, 25,165; st. Paul and
O. NJ, 5,235; Southern Railway, 5,295;
do preferred, $685.: Texas and Pacific,
$3.50; Union Pacific, 32,9S0; u. =. D.
and G., 1910; Wabash preferred, &c.
$50; American Spirits, S,735; American
Tobacco, 11,790; Bay State Gas, 1850;
Chicago Gas, $3.50; Consolidated Gas,
5,715; Sugar, 6,430; Western Union,
10.66S; Chicago G. w, 24,S20.
To-day's market for railroad bonds was
less active and only steady. Total sales
100000.