The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-01-25

IatIye standpoint were the New England
cotton strike ami thu possibilities IN
China. Cuba and the consideration hy the
Senate OF the resolution hat government
bonds may L. PAID in -oll
- silver. While NJ radical legislation at
tins time was rNI%ctt-l concerning eithss
silver Or Cuba. tie professionals made
The most IF the situation with a view II
bringing about 4 reaction aud wtr- par
TALLY successful. At the same tine tI.
foreign markets were uyvr>nadoW.<i by
the possibility Of the European powers
becou1lHS eiubruiIed over Chimi1. On
tine ether hand there Ms much IL justify
an optimistic view on prices. These were
satisfactory rudc conditions, llanl.u>
increases in railroad receipts. large tN-
ports. scarcity of f~aillrc~ III th" ammc~
cltl world. easy money and The fdcf inst
over four hftIN of the Illinois CtutrlI~
N~i1.Utn.o0~ bonds had been taken far
domestic account. Egypt AMI RUSSIA
usually sources of supply for Euroae,
were reported 10 be importing American
corn. Money at this centre was quoted
lower than III almost any other part SC
the world. and this alone WAS supposed
10 impede gold imports III = season when
sterling exchange usually rules pretty
SJron@. Money continues t. .ra1.r1'e
here from the interior If the country. tho
banks gaining over S~1.:Iot.o00 last week.
The break in the money mark WAS
largely due to the continuance If tic GOV
erlmentS deposits of Union Iaritic'o
money ~ the banks.
The ~I<Iondykcle. Sugar and local cor
poratioEs. including gaS and traction
shares. We're the active features Of liz
week at times showing b~uoyancy hut
with manipulation ever present. The
gran@erS and ~coalcrS generally ruicd
heavy.
Railroads located in the extreme north
west ana western sections Of the couu-
try largely discounted the expectation
Of increased traffic resulting from the
prospective emigration to tire newly d~
covered gold fields whore they would be
dependent largely upon the United States
for supplies. There We're improvements
ranging up To eight per cent in Oregon
Navigation stock and o. in Oregon IN
provrment consolS. Conflicting adyicer
regarding the probable success Of tho
Hawaiian treaty were reelected in Su-
CARS fluctuations. Other Influences on
this speciality We're statements regarding
the position of insiders, a. to whether
they had leen acquiring the stock CT
favored Il further decline. After cover
inc 4 range Of nearly ) points. Sugar
closed with y Improvement.
The extraordinary rise since the NUM-
cipal election III Metronolitan Street Rail
way was continued. the advance for tn"
week being IL. per cent. This Wars ac-
counted 70! in published statements Of
increased traffic owing to the completion
Of extensions OF The system. but mani
n%ulation was very prominent in the deal
in@S.
The bond market for the week display
ed a striking degree Of strength in special
cases which embraced lines of COM
nanieS operating the Pacific Northwest
Some interest was attached to the spec
ulation in Seattle. Lake Shore and
Eastern firStS owing TO the fight for con
troll Of the property by two leadin" rail
road systems which was reflected in an
enhancement of 1854 per cent in the price
of the issue. The transactions for the
week were S2O.211 900.
Government bonds ruled at slight con-
SESSIONS generally throughout.
The total sales Of stocks to-day were
10000 shares. including c. r. and O..
$500: Nanhattan r., 1850: Metropolis
tan Traction. G.115: Northern Pacific,
GG-O: Union Pacific. 5000; Peoples Gas.
5,o1O: Sugar. 1i,O2f.