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

turally absorbed. Infre was no one
stock lifted by sensational jumps
to stimulate buying of these realizing
offerings, condition in marked contrast
to the invariable rule for many days
past. Northern Pacific preferred, which
was the stock under manipulation for a
rise yesterday, was rather drag on the
market all day to-day, and lost a point
Of it's gain, the common stock showing
"A fractional advance. The course Of the
market was downward at the opening,
the Internationals and Changers lead
ing, in sympathy with the declines in
Americans on the London Exchange.
Strength developed in number OF
stocks which stemmed the decline and
carried prices to the best Of the day.
Proft-taking at the close caused the loss
Of part of the gain,so that net changes
in many of the leading shares are OF
very narrow proportions. The decision
of the Atchison directors to pay three
per cent on the adjustment bonds out
of the earnings for the year ending June
90. directed attention to the securities
of that company and all of the stocks
and bonds were very active and very
strong all day. The preferred stock
which has been held down by realizing
sales for some time past, opened off
"a but rose at one time PA points from
the lowest Proft-taking at the close
reduced it's net gain ~ per cent. The
adjustment bond gained point net.
There were $4,000 shares of the pre-
ferred stock sold during the day. New
York Central lost a point in the early
dealings but more than recovered it on
the publication of the statement of Au-
gust earnings, showing an increase of
$456, 219 The Changers moved very
narrowly all day and showed large
falling off in activity, except St Paul,
which came next to Atchison preferred,
with sales Of $1,000 shares. The stock
declined fractfonally at the opening but
rose strongly 1ss and fell off fraction
at the close on profit-taking. Sugar was
subjected to rush to realize when it
became known that the directors had de-
clared only the regular quarterly divi-
dends of 3 per cent on
the common end IA per
cent on the preferred stocks it had
been rumored that an extra dividend
would be declared. After rising to 1861
after the opening, the price fell to 1853
and fluctuated in very cratic manner,
but closed at a recovery of over two
points. The preferred stock also fell over
two points Notable gains wer made by
the Lead stocks, the common gaining
nearly two points and the preferred three
points. Illinois Central gained ~ per
cent ON reports of large increase in
the earnings. Louisville, Southern pre-
ferred and Mobile and Ohio recovered a
n.v,% 1.r.x
which was due to the yellow fever scare.
There ives some movement in stocks of
soft coal roads on prospects of a set
Element of the miners strike. Wheeling
and Lake Erie preferred gained ~.
Consolidated Gas jumped five points over
yesterdays high record price to 207%.
The total sale Of stocks to-day were
597,692 shares, including Atchison 49,
$40; do. preferred, 1925: chesapeake
and Ohio, 5000; Chicago, B. and O.,
1880; Illinois Central, 11,100; Louis
vile and Nashville, 1880; Missouri
Pacific, 5000; New York Central, $40;
Northern Pacific, 1850; do. preferred,
SO, $50: Reading, 1860; Rock Island,
7,120; st. Paul, 5, 422; Southern Railway.
preferred, 13,O25; Texas and Pacific,
6,165: Union Pacific, 6,4S0; U. F., D. and.
G., 11,475; American Tobacco, 1920;
Bay State Gas, 1880; Chicago Gas,
$500; Lead, $4,000; Sugar, $3.50; Il.
G. and L., $3.50; Western Union, 6,620;
Chicago Great Western, 300.
Dealings in bonds were of large pro-
portions and at higher prices. Total
sales S4,500,OOO. The Atchison, North
ern Pacific and Union Pacific, Denver
and Gulf issue absorbed the bulk Of
the dealings.
United State bonds were higher, the
old tours and coupon being quoted at
1874 bid, rise of "A.