The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-12-13

New York. Dee. 10.-The market was
booming to-day, and on enormous trans
actions for the short session many high
record prices We're exceeded for the
current upward movement. London fol
lowed Americas upward lead Of yester-
day, and was Iuoyant on st. Pauls ex-
cellcnt statement for the first week in
December. Large interests were again
aggressive. Immense blocks Of stocks
eNohs nged hands with alum ant nurchaS-
ing orders to care for realizing sales.
After 4 heSitating movement activity and
strength became general again in which
standard stocks were wei maintained
Al the Changers advanced from a SLIGHT
traction to oycr Il point. the latter III
ST. faul. Heavy purchasing orders
were placed over night in Missouri Pa
clfc to buy ut the opening. Prominent
interests III the stock underworld to open
1t UP as high as possible and the ticker
recorded simultaneously sales of 1000
shares from 43 down to +. Yesterdays
closing prices was HES. fine stock be
traynd Title feature after the frsr
furry, but continued to be actively
TRADED in ana closed well up to the
top. Among the industriaIs General
Electric, Sugar, Tobacco, Rubber. Fede-
- ~ til'i IL =
mating were the features and gained
a point or more. The rise in Edison II
Eliminating amounted to s points and
three each in General Electric and Rub
Der preferred. The Atchisons too. were
conspicuously strong. Tho market
closed at the best with II whirl of bull
ish enthusiasm.
For the week stocks. almost without
exception. rose. In so e C Ses. the gains
were very large. and established new
high records i'll the present movement.
During the week railways which failed
for some time to respond TO the upward
tendency. later joined fully with the
general trend Of prices. Early in the
week telegraph and cable communities
ton partly interrupted by the storm
somewhat restricted business, the vol
ume Of which subsequently became
enormous. Traders saw fit to interpret
the Pesident's message as not being
tie bull agumont they had discounted;
but its better reception abroad thwarted
their efforts at depressing prices. There
was much in the general situation hay
inG a favorable bearing on market con-
ditions. November gross earnings were
in excess of four per cent over last
year; exports, too. surpassed the phe-
uOlItilttI IecOlQ Oh idSl YEAR diiu bdllh
clearingS were next to record figures.
The bond market displayed unusual
activity during the week. with the con
centration OF the dealings III speculative
and middle grade issues. VIII Oh have re
Gently assumed prominence. Consider
able strength was manifested through
out with the net improvements material
III many eases.
United States old Is. registered. ad-
vanced q. the seconds. registered, and
the old IS, coupon. Il; new Is Is in the
bid price.
The total sales of stocks to-day aggre-
gated 400, 700 shares. including: Atchf-
son preferred, 31.SG4; Chesapeake and
Ohio. 12.4f0: Chicago. burlington ana
Quincy. 1865; Louisville and Nash
vile. 1880; Manhattan. T.445; Metro
rolitan Street Railway. $3.50; Missouri
Pacific. 27.705: Northern Pacific. 6.736:
Rock Island, 1915; st. Paul, 31.475;
Sonthera Railway preferred, $3.50:
Union Pacific preferred, 9,310: Tobacco,
70.12n: Federal Steel preferred, 3 O.72,;
Pacfe Mail. 1G."50: General Electric.
1920: Western Union. G,42J.