The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-09-25

coura ging from all points. The outside
public, however, had apparently ceased
to buy and the large bull operators were
no longer willing to accept the heavy Of
ferings of stocks made to them. Profit
taking was the order of the day. The
market was dull compared with the re-
cent tone, but the decline was uncheck-
ed. The bear interest was well defined
and was constant in activity during the
day. The situation of the money market
continued to attract interest. The feat
ures were the 6rmness of call money
on the basis of 8 per cent and cOnsidera-
BILE activity in the time money market.
The exchange market also hardened, act
ual rates advancing about Il in response
to the gold shipments now on the way
to this country. Remittances to the in
terror have continued on a large scale
and to-morrow'S bank statement is eX-
pected to show a large additional de-
crease in the surplus reserves. The
banks and the sub-Treasury have been
able to meet all demands thus far for
currency, but the demand upon them is
large and promises to increase. The
Treasury at Washington found itself I'M
able to accede to the request of a local
banking firm, which had received a con-
signment of gold at San Francisco to
its credit, to be allowed to withdraw
legal tenders from the sub-JTeasury in
New York. upon the deposit of the gold
in San Francisco. The stocks of soft
coal roads, which have failed to share
in the late improvement owing to the
miners strike showed some activity to-
day and were comparatively steady. The
net losses run all the way from frac-
ton to seven points, the latter Consoli-
dated Gas, but in the large majority of
active shares it is between 1 and 2 points.
The total sales of stocks to-day were
521 200 shares, including Atchison pre-
ferred, $3.50; Chesapeake and Ohio, g.
030; G. b. and O., 32.219; Hooking Val
ley, 6,770; L. and N, 1920; Mahat-
tan, 11,690; Missouri Pacific, 14,450
Northern Pacific. S,275; do preferred, 49,
400; Reading, 1890; Rock Island, o.
$50; st. Paul, 1920; st. P. and o. NJ,
500; Union Pacific, 41,020: u. p. d.
and g., $3.50; Bay State Gas, 23,130;
Chicago Gas, 900: Consolidated Gas,
2.700; Sugar, 70.470; Il. c. and Iron,
$3.50: Western Union, 11,963; Chicago,
G. W., 1925.
Bonds were weak in sympathy with
stocks on a greatly diminished volume
of transactions. Total sales S1,707, 000
OIlteu states It regular We're Is cent
higher bid and the SIS "a higher.
LONDON MARKET.
New York, Sept. 24.-The Evening
Posts London financial cable says:
The stock markets were irregular and
rather dull today. The rise in price in
New York induced sales here and the
market for Americans closed practically
without recovery. The fear at the mo-
ment is that the New York account is
becoming too heavy, and, inasmuch as
the feeling here is still timid, profess
sional operators are dreading lest New
York may leave them in the lurch.
The money market is surprisingly easy,
considering the hardening factors, such
as the issue of treasury bills next week
and the payment into the Bank of Eng
land next week of the second instalment
of money on the japanese loan. There
are also statements today of n large Ca
madam loan soOn.as also 100000 pounds
IN West Australian treasury bills
The Paris Bourse was firm.
The Berlin market was steady. Dutch |
exchange had fallen sharply.