The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-09-17

Ieuing of the exchange market in the last
half hour of trading served to steady
prices of stock to some extent, the decline
mot only being checked but recoveries be-
| ing shown in the closing transactions of
| the stocks. Posted rates for both long and
short sterling were reduced - cent to
L .S3 and 1852 respectively. The rate of
exchange on Paris was also weak and it
seems evident its minimum discount rate
Of per cent in face of the continues de-
crease in its reserve and it's stock OF bull
';an that London expects Paris to supply
the first demands of this country for
gold. But the Paris exchange on London
recorded fall today, which would ma
turaly tend to weaken the force of the
New York exchange demand on Paris.
The heaviness of today's market was
mitigated from time to time by the
strength manifested by special stocks.
Northern Pacific issues were at one time
in special demand and showed marked
advances, as was also true OF Consoh-
dated Gas, Pittsburg, G. C., Z. and st.
H., Chicago Great Western and the Min
Inesota and st. Louis stocks. All of these
reacted from the best, but most of them
remained at net advance over last
nights close. Pittsburg, c., O., Z. and
St L., common and preferred, show net
gains of 1902 points respectively Y. In
the Minnesota and st. Louis stocks all
three are left with net advances OF two
uoints or over. Consolidated also gained
two points net after having been two
points higher
The total sales of stocks today were
100000 shares, including Atchison pre-
ferred, 1890; Canadian Southern, D.
I41O Chesapeake and Ohio, 22,12O; Chica-
go, Burlington and Quincy, 1880; Erie
new, $780, Erie first preferred, 13,22O;
Louisville and Nashville, 1880; Man.
haitian L., 1910; Minnesota and st.
Louis, 600; Missouri Pacific, 1850;
Missouri, Kansas and Texas preferred,
636O; New York Central, 1850; North
ern Pacifis, 1920; Northern Pacific pre-
ferred. 1920; Ontario and Western, 3d.
$40; Reading, 22,315; Rock Island, H.
40; st. Paul 2S32O; st. Paul and Oma-
Ina, 6,5S5; Southern Railway, $500; Tex
as and Pacific $3.50; Union Pacific, 49,
lO75; Union Pacific, Denver and Rio
Grande, 11,74O; American Tobacco, T.
100; Bay State Gas, 24,O5O; Chicago
Gas, 1890; Consolidated Gas, 5,l75;
General Electric, 1875; Lead, 5,42O;
Pacific Mail, 1892; Sugar, 1920; Ten
nessee Coal and Iron, 13,4OO; United
Estates Leather preferred, $500; Western
Union, $3.50; Chicago Great Western,
1890.
Transactions in the bond market were
on a considerably diminished scale and
prices were somewhat easier. The total
sales were of a par value Of about So
100000.
The bid price of United States new As
was "a lower. New As, coupon, sold at
1851, and new As regular at 1868
LONDON MARKET.
New York, Sept. 16.-The Evening
Posts London financial cablegram says:
The stock markets here were quiet to-
day and rather dull, but Americans, af-
ter Il setback on the receipt of the New
York opening prices, closed stronger
Low priced shares were largely bought
by speculative operators booming early
in the day, but closed under the best.
The remarks today of the governor of
the Bank of England about silver in the
reserve had little effect. The provisos
attached to his letter to the chancellor
of the exchequer, are so impossible that
1T is believed that nothing will come of
the notion.
The Paris Bourse was weak on the
sharp break in Spanish securities and the
pessimistic rumors about the Bank of
Spain. The Berlin market was steady.