The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-02-03

toward increased interests in low-priced
shares. Purchasers for London recount
on balance reached about 5000 shares
hut 1t was estimated that ab1dt 150,-
600 shares of stock shipped from Lon
don would reach New York this week
Advices indicating that the ratification
of the peace treaty was likely. had
some influence on speculative sentiment
and prices continued to rise most of
the forenoon. Chesapeake and Ohio,
international Silver, Louisville and
Nashville, and Denver and Rio Grande
moved UP smartly. There vas sym
pathetic advance among the high priced
stocks, but it was of only moderate plo-
portions. Central Pacific Southern Pa
cific, Atchison preferred, Tennessee
Coal and Iron, G. c. G. and st. Louis,
and Norfolk md Western preferred we're
strong. Periods of strength wore dis
played by Manhattan, Brooklyn Transit
and American Sugar. In the afternoon
the buying demand slackened, and the
apparent inclination of commission
house customers to take profits induced
traders to offer stocks down, which
in turn brought about some liquidation
of weak holdings There were sharp
receSsions in n number of specialtics, in
GLIDING Peoples Gas, American Sugar,
American Tobacco, Twin-City Rapid
Transit Metropolitan Street halfway
and Consolidated Gas. The weakness
of the latter stock was IN Il measure
attributable to measures introduced IN
the New York Legislature for the re-
duction in the price of gas The Gran
gers a1Il a number of other srccks
rcceded a point and over from tho BEST.
The selling for time was on moderate
dealings, but before the movement was
over the volume increased considerably
and prices got well below yesterdays
closing. in the late dealings there we're
slight rallies led by American Sugar, and
the market closed firm. The announce
ment that the proposed issdance of
Manhattan stocks for electrical eqnir-
ment had ben underwritten enetuted
Manhattan in the early dealings, but il
failed to hold the advance.
The bond market showed more sta
hility than stocks, the undertone being
one of undoubted strength. In the
final operations, however, profit taking
in the active issues impaired an riegu-
lar close Total sales $4,S00UU0.
Government bonds were unchanged
in bid price.
The total sales Of stocks were 100, 100
shares, including: 14,000 Atchison; 49,.
$50. Atchison preferred; 1900, Central
Pacific; GG,950, Chesapeake and Ohio;
23,440, Chicago, Burlington and Quincy,
10000, G. c. G. and st. Louis; 1880
Denver and Rio Grande; 10,540. Den-
yer and Rio Grande preferred; 1850
Louisville and Nashville; 2I,S30, Man
haitian Il; 7,130, Philadelphia and
Reading first preferred: $500, Mime
sofa and st. Louis: $500, Missouri Pa
eific 5,6S5. New York Central; IS. 150
Northern Pacific: 9625. Northern Paci-
fic preferred 5000, Chicago and North
west: $780, New York Ontario and
Western: 6,755, Chicago, Rock Island
and Pacific; 14,730, Union Pacific; 49,
$50, Chicago, NJ and st. Paul; 49,
800. Southern Pacific; 1925, Southern
Railway; 1890. Southern Railway pre-
ferred; 10000, Texas and Pacific; 49,.
$40, Union Pacific preferred; 1880.
American Tobacco 1926: Bay State
Gas: 1860, Federal Steel: 10,445, Fed
eral Steet preferred: 10.920. Peoples
Gas: 22495. Brooklyn Rapid Transit;
11,0G0, Pacific Mail; 42,250. American
Sugar: G.450, Tennessee Coal and Iron:
11,TJ0. Chicago Great Western.