The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-03-28
THE NEWS AND OBSERVER TUESDAY MORNING. MARCH 49, 1899

seemingly caused the public to cease
waiting for an immediate opportunity to
secure stocks at lower level The
market opened under an impetus of high
or quotations from London, and though
realizing was largely continued
pretty steady until near the
close when the rate for call
money reached per cent, leaving
the range for the day from four to SIX
with the last loan at 3 per cent. Quite
number of new higher priced records
for stocks were made to-day. The
strength displayed on Saturday brought
n large number of commission house or
ders to purchase stock. This caused
pronounced rise at the opening, and IN
duced the elimination of many short con-
tracts. The principal activity was in the
Flower stocks, there being, for instance,
.. 900 shares of Federal Steel sold at
the opening over a range of 4 points,
and the stock made a net advance OF
69s on reports that the earnings We're
large Brooklyn Rapid Transit rose .
points on rumors that the Brooklyn
Union Elevated was said to have had
half million dollars in cash when
taken into control by the Transit Com
pany. The continued talk of negotla-
lions for a combination of the gas and
electric lighting interests of Chicago was
used to the benefit of Peoples Gas to
the extent of over a point.
Among the other Specialties to make
large improvements were American To-
bacco 10, Continental Tobacco, A; Metro
politan Street Railway, 6M; Third Ave
nue., 4, and Consolidated Gas, 39s. The
largest Improvement among the leading
railways was 23l III Northwest. Febru
airy traffic returns attracted much atten-
ton. as they covered the period during
which traffic was somewhat interrupted
because of the storms. st. Paufs de
crease of something over $4,000 in the
net was due to the increased operating
expenses, the gross earnings having
shown an increase. In the case of
Atchson the road again reported net
increase. this time over S1SS,000 nj
though the gross earnings decreased
about $97 900. Among the Southwestern
railroads. Wabash showed net increase
in February earnings of nearly SSS,000.
The market closed with no decided tone
and heavy trading.
The bond market to-day made IN ag-
gressive show OF strength. heavy pur-
chases of the active issues being made
at substantial Improvements. Total
sales So, 100000.
United States bonds were unchanged
on bid quotations.
The total sales of stocks We're 1872,
100 shares, including 7,400, Atchson;
II, $40 Atchison, preferred; 1920 Chica-
go, Burlington and Quincy; 200 Gin
cinnati, Cleveland, Chicago and st.
Louis; 1866 Illinois Central $4,000
Manhattan l.; 28,2S0 Metropolitan Street
Railway; $3.50 Philadelphia and Read
ing, first preferred; 29,150 Missouri Pa
cific; IL, 100 New York Central; 1900
Northern Pacific; 1860 Chicago. Rock
Island and Pacific; II 500 Union Pacific;
1910 Union Pacific, preferred; 12,940
Chicago, Milwaukee and st. Paul; 1880
Southern Railway, preferred; $500
Texas and Pacific; 24,320 American
Steel and Wire; 16400 American To-
baeco; 65,150 Federal Steel; 1877
Federal Steel, preferred; 26,350 CONSOLE
dated Gas; $500 Colorado Fuel and
Iron; 109,145 Brooklyn Rapid Transit;
5000 Tennessee Coal and Iron; / $40
United States Leather, preferred; 6,050
United States Rubber.