The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-06-15
STOCKS AND BONDS.

Il NJ w
dency was resumed to-day on the stock
exchange, after short lived selling
movement to realize i'm continuation of
Saturdays movement The rise was in
spite of the dullness and heaviness of
Americans along with all other securi-
ties on the London exchange. This neg
lect was explained by the absence of
traders to participate in the opening festi-
yities of Queen Victoria's diamond jubi-
lee New York ignored the declin in
London and proceeded to bid up prices
soon after the opening. The warm sea-
sonable weather and it's certain benefit
to crops gave fresh impetus to values
in the granger group which remained
practically stationary all last week. AT
the top prices Burlington showed an ad-
vance of 1A; Omaha of rs and North
west 13s. Net gains were slightly below
the highest in the grangers as in other
stocks. The declaration of dividends
on members of the Vanderbilt group had
been discounted, as had been the passing
of the dividend ON the preferred stock of
Cleveland, Cincinnati, Chicago and st.
Louis The common stock of this COM
pany, after slight opening decline, made
an unaccountable advance of per cent
in face of the dividend rumor and a first
week statement showing a decline in
gross earnings of over S24, 900. Reac-
ton carried the price below Saturday S
close. Continued strength in the stocks
Of iron and steel companies reflected the
improved outlook for business in that
industry Conspicuous strength was
manifested also by the Goulds, Manhat-
tan and Western Union each advanc-
ing over az point. The good buying of
New Jersey Central also continued, re-
sulting in marking up that stock 3
points, after an initial decline and some
irregular fluctuations. The strength of
the low priced shares of re-organized
companies continued manifest in the adj
vance in the preferred stocks of North
ern Pacific and Kansas and Texas, and
the second preferred stock of st. Louis
and San Francisco under sales aggre-
eating 10000 shares of the last named.
Quite a feature of the trading was the
number of fractional lots of stock that
changed hands, indicating to the outside
purchases made Through commission
houses These sales of odd lots were
| well distributed throughout the list. SUI
gar developed assured strength as the
| day progressed and showed a sharp gain
ON the day. Chicago Gas was active
but irregular, ranging over IA and clos
| ing with a net gain less than that.
| The total sale of stocks to-day were
249,5 13 shares, including American SUI
gar Refinery $4,000; Burlington and
| Quincy 17,100; Chicago Gas Tr. Rec.
| 1900; Manhattan Consolidated 5000;
New York Central 1920; Northwest
| 5000; Northern Pacific 5000; Northern
Pacific pr. 1900; Rock Island 1900;
st. Paul 1880; Western Union Tele-
graph 300; New Jersey Central II, 200
| Trading in bonds was on an enormous
scale, the sales aggregating almost 3d.
| 100000. Decided gains were made in
| issues with st. Paul sevens scoring the
extreme improvement of per cent. The
market developed considerable strength
with purchases Of the prominent mort
cages being made for speculative and
| investment account with considerable
confidence.
| Government bonds also shared in the
general strength that permeated the Sc
curities market. The new As coup were
| quoted at 1855, the best price noted in
| the present movement Transa actions
were confined to a block Of S25, 900 al
125.