The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-07-31
STOCKS AND BONDS.

New York, July 3U.-B0ndS were Tue
star performers in to-day's market, the
volume of trading therein being the larg-
est in a long time, exceeding S4,OOO,ooo
par value. Mortgage securities were
generally strong, special ANIMATION De-
! inc shown in those of re-organized roads
and those undergoing rehabilitation.
Stocks were considerably less active than
usual but bore up fairly well under the
announcement of the engagements Tor
export of some four millions gold, which
was larger than anticipated. A sustain
| ing feature was the pronounced strength
| in wheat, European engagements being
announced of some eight hundred thou
| sand bushels from outports. Ihe stand
ard securities moved very narrowly, as,
| in fact, did the low priced shares. Sew
eral usually active securities, such as
| Delaware and Hudson, Jersey Central,
Sugar and Tobacco, failed to fluctuate be-
yond a point The foreign trading was
considerably mixed, it being ON the eve
of the Holidays in London, trading was
restricted there and such as there was
came mainly from New York buyers
and the market abroad closed firm. The
gold exports were partly due to three
large importations, now becoming due.
Northern Pacific preferred was the
most active stock in the list and adj
vanced 15s on favorable earnings and
buying by interests ip harmony with the
President of the Great Northern. The
rumor was revived that Daniel Lamont
would be announced as the President
of the Northern Pacific next week Con-
solidated Gas rose eight points and sus-
tanned all but fraction of the gain
on purchases by the same houses inter
ested in the pending consolidation of
East River and Equitable Gas Compa-
MES, and today's purchases We're consid-
| cred confrmatory of the reported at
| tempt at consolidation of various local
gas companies. Brooklyn Union Gas
gained rs and Equitable sold at 26O
st. Paul only temporarily responded to
the statement for the fiscal year show
ing that about 5-13 per cent had been
earned on the common stock Some of
the low priced stocks which have thus
far failed to participate in the recent
rise, such as Chicago and Great Western
Ohio, were more active to-day and show
ed a fractional improvement. The re-
organized Monon stocks-Chicago, In
dianapolis and Louisville-were dealt in
for the first time to-day. The quotations
were 9AM1O for the common, 261hG2S
for the preferred and so was the ruling
price for the five per cent bonds.
The total sales Of stocks were 2S2, 100,
including Atchison preferred, 1890;
G. and o., 1925; Chicago. B. and O.,
1884; L. and NJ, 9,7O9; Missouri Paci-
fic, $685.; North American Company,
9.701; Missouri Pacific preferred 36,977;
Rock Island, 5,99S; st. Paul, 1926;
Southern Railway preferred, 1901; Wa
bash preferred, 5,545; Chicago Gas, g.
SIT; Consolidated Gas, S,657; Sugar,
| 1885; Chicago, G. W., 9,446.
| The bond transactions to-day were
again of large dimensions with the ami
nation amended by higher prices
throughout. The speculative bonds were
heavily traded in with foreign purchases
of Atchison adjustments tours on a
large scale. Kansas City Consols and
Oregon Short Line issues also gained
substantially. The aggregate sales were
| Sale, 900.
| Governments were neglected but har-
dened appreciably on bid quotations
|