The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-05-19
STOCKS AND BONDS.

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potentaaaity for evil always latent in the
eastern nquestion was measured to some
degree by the sense Of relief reflected In
the exchanges Of the world to-day over
Turkeys acceding to the demand of the
powers for a cessation of hostilitles a
gainst Greece. Values all over Europe
improved from moment to moment, and
even American securities, remote as are
the proprieties they represent from any
danger of harm in the cataclysm of an
European war, advanced in price all
through the market The improved tone
abroad was the salient influence on the
market. but it was aided by various ia
vorable domestic factors u the situation.
The further weakening of the exchange
market, both for sterling and for CONT
mental exchange, added to the conviction
thai if any gold is exported this week,
the. amount will be small There was
in hhe tone of the stock market re-
Elected Indifference to tine possibility of ac-
ton by the Senate on the Cuban question
that might be unacceptable to Spain
This was partly due to the belief prevail
ent in Wall street that the administration
has determined upon a conservative policy
on Cuba but holders of securities are
also less inclined to timidity ON account
of the agitation of the Cuban question
than was formerly the case. Perhaps
the restricted volume of the trading was
due in part to the Cuban discussion in
the Senate, the total sales reaching only
about 135, 900 shares. Although about
half this amount was absorbed by the
FIVE ieading stocks, the smaller sales were
better distributed through the list than
for. some time past, many usually mae
tiEe,shares coming in for a fair degree of
activity. Chicago Gas was the leader of
the market and was strong all day until
just before the close when it reached a
sharp fraction. St Paul and Burling-
ton came next in point of activity and
moved nearly parallel all day showing
very vigorous strength, St Paul, how
ever, showing a slightly wider reaction
just at the close. The strength of the
gransers was material factor in the
strength of the whole market and was
assisted by the grain situation iE the
Northwest and the increase in st. Paul's
gross earnings for the second week in
May of $14,94S. The Southern and
southwestern railways also continued
their showing of increased earnings in the
SeCOuu Mcch DldlcHEE1S, A1lSSOuIl,
sas and Texas with an increase Of $29,-
$50 and Kansas City. Pittsburg and
Gulf of $29,695. London was a small
buyer of stocks, but was also seller
and how far the one offset the other cam
not be accurately stated. Tobacco moved
up 13s at the close under manipulatiox.
ST. Louis and San Francisco 1st PREFER
ed advanced g. and Norfolk and West
ern preferred IA. Union Pacific and
Western Union gained a point each and
Leather preferred rose IA. Fractional
net gains were made through the entire
list. The market closed strong and gener-
ally at the best prices
The total sales of stocks for the day
amounted to 1872, Alb shares including Am
erican Sugar Refinery 11,10O; Burlington
and Quincy Il, 100; Chicago Gas TT Rec.
1890; st. Paul 1850; Western Union
Telegraph Company 5000; New Jersey
Central 1890.
THE bond market ruled fairly active
with generally higher prices current
Some few exceptions were noted, but
these were aentered IN the low grade mac
tive liens. The aggregate sales were 81
304, 600. Government were easier On the
first call for the new As, but later Aar-
dened slightly. The transactions assre-
gated $4,000.