The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-12-14
STOCKS AND BONDS.

New York, Dec. 13.-The market was
irregular during the process of digesting
large realizing sales during che current
movement, the prominent railways clos
ing at about the lowest. The market en-
countered efforts on the part of sold-out
bulls to depress values and was largely
affected by the Generalization i'll Sugar.
This stock, (which was early supported
and gained profit, subsequently deemed
points on reported decentralization in the
Sugar trade In the early dealings the
moderate fractional advance here fol-
lowed the Improvement in London, where
the public were buyers of Americans.
Subsequently, stocks became quite ac-
tive. but sales, particularly i'll the stand
ard stocks, were well taken on actual
investment and semi-investment purchas-
es and covering of short contracts. Raj
lies ensued, particularly among the early
sufferers and around delivery hour gains
were considerable The Atchison issues
recently brought to the front by promi-
nent interests were sustaining factors.
inc vulnerability of Sugar was largely
responsible for the extreme irrcgularity
of the market The traders hammered
this speciality industriously and uncov-
cred round amounts of stop-loss orders.
Considerable support was extended to the
general market throughout and pool buy
ing was instrumental in lifting into prom
inence some of the low-priced stocks
which had not as yet moved i'll proper
ton to the rest of the list. This was
especially true of Kansas and Texas
Preferred and Wabash Preferred. The
current earnings of the Southwestern
group have begun to show gains over
last year through the lifting of the cot
ton blockade. Missouri Pacific was the
only laggard in this category of shares,
profit-taking conspiring to keep the
price we'll below yesterdays level.
The Federal Steel stocks which had
been left somewhat neglected were taken
in hand late in the day and advanced
materially. Speculation generally betray-
ed a very good undertone considering
the heavy blocks of realizing orders
which came out after every rally. Lon
don operations were quite extensive. ar
hitage dealings being for both accounts,
but heavily in favor of the bulls. Oma-
ha took the iniative in the final rise in
prices and gained 3 points. Northwest
moved up sympathetically. but the adj
vance in the other Granger stocks was
not significant. Speculation left off
heavy in tone with net changes frac-
ti0nal either way.
The bond market gave n better illus
tration of strength than the stock list
and although realizing orders were in
force in the speculative issues. final
prices record substantial gains in many
ways. Total sales. $S.710.000
United States 3's the old As coupon
and the seconds advanced * in the cid
price.
The total sales of stocks were Ole. 400
shares. including: S0,2J5 Atchison; 1871
800 Atchison Preferred; $685. G. c. C.
and st, L.; $3.50 Illinois Central, H.
3S4 Louisville and Nashville; 1871
Manhattan; 5.206 Metropolitan; 26,940
Missouri Pacific: As, 165 Northern Pa
cific: 5000 Northern Pacific Preferred:
1926 Rock Island; 1890 St Paul;
$500 st. Paul and Omaha; 21,243 Wa
hash Preferred; $3.50 American Spirits
1880 American Tobacco $500 Bay
State Gas; 2S,199 Federal Steel: 37,115
Federal Steel Preferred; 1000 Peoples
Gas; $3.50 Pacific Mail; $4,000 Ameri-
can Sugar; 1850 Tennessee Coal and
Iron; Polls Western Union; 5,210
Rubber.