The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-11-12

ton of periods of dullness and steadi-
ness, the course Of prices was down.
ward during the remainder Of the day.
The London selling was quite a factor
In the decline and the revised estimate
of yesterdays decision concerning the
antitrust laws by the Appellate Divi-
sion of the Supreme Court at Albany
was also depression influence. Appar
emily the conviction in Wall street that
the law had been declared unconsttu
tional obtained until to-day and a reali-
cation that the validity of the law had
not been passed upon, and that incident
al opinion expressed in the decision
rather pointed toward upholding its vail
dity materially weakened prices. This
weakness was especially manifest in the
coalers and the industrial specialties and
had something to do with the sharp de-
cline in Sugar, which at the extreme
amounted to five points. Sugar was
moreover weakened by special considera
tons, one of which was the probability
that the control of the Hawaiian crop
was about to pass to its competitors.
There was also some apprehension as to
the final decision of the government to
the question of counrervailing duties on
is the subject of diplomatic negotiations.
The dealings in this stock were large
and the fluctuations IN its prices affect
ed the market by sympathy quite strong
~.
Consolidated Gas also suffered one Of
it's characteristic slumps Of six and a
price to-day fully a point lower than
tC int {bn
movement, but it rallied quite strongly
a point in the closing transactions.
Peoples Gas, the successor company to
the Chicago Gas, was marked by heavy
declines drought the day, and closed
with a net decline Of nearly ~. The
Southwesterns were weak notwithstand-
ing very favorable showings of earn
ings for the first week in November.
That for Missouri Pacific showed an,
increase of 100000 over the CORE
spending period of last year and Kansas
and Pacific an increase of nearly $780,
900. Chesapeak and Ohio was the only
railroad to report decrease for the first
week which amounted to S14,243. The
railway list was weak throughout and
net losses of point or upward are
shown all through the active list. The
fourth Of the total.
There was a falling off in activity in
the bond market and prices declined in
the later part of the day. Total sales,
S1.440,000
The total sales of stocks to-day were
2S7,T10 shares including Burlington, 3d.
105: Louisville and Nashville, Ills;
Missouri Pacific, 9.976; Northern Pa
NJ
Rock Island. 19.201; St. Paul, 2S. 700;
Union Pacific, $3.50; American Tobacco,
$780, Peoples Gas. 1T,1S0: T. G. and l.,
5.615: Sugar. $3.50; Chicago Great
Western, $3.50.
LONDON MARKET.
New York, November 1.-THE Even
ing Posts London financial cablegram
says:
The stock markets were quiet but
firm to-day The feature was the furth-
er rise N consols and in other best in
vestment stocks on genuine investment
buying. Kaffirs are reviving. Ameri-
cans opened firm, but the rise induced
profit taking here, the recent buying as
i cabled you. having been timid and
cautious Finally stocks came forward
freely from New York and prices con-
sequently closed weaker.
Grand Trunks are still booming, but
Canada Pacific was fat partly on the
new issue Of 100000 pounds sterling
in capital which it is understood have
| been underwritten. The market was
again a borrower, at the Bank to-day.
| The Paris and Berlin markets were
steady.