The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-27
STOCKS AND BONDS.

STOCKS AND BONDS.
New York. Jan. 26.-tStocks made sub
stantial progress upward to-day TIL the
closing dealings when there was the
usual profit taking accompanied ny vigo-
rous selling for the short account which
sent prices down an average of about
a point, but leaving fair gains for the
day. Transactions were in excess 6f Il
million and a half, being the second
largest day in the history of the eX-
change. Expectations of an early set
Element of the peace treaty and the
frmness Of Americans in london were
important features in the markets
strength. The unrest in the Philippine
Islands was passed unnoticed and had
no appreciable effect on trading. The
Changers made extreme advances 0f
from / to 23s, the latter in s.. Paul on
it's showing of a net increase for DE
cember of S336,0 Norshcrn Pacific
and Union Pacific displayed strength, al
though the latter eased off considerably
on limitations that the Vanderbilt deal
was suspended for the present. Olher
railways displaying special strength were
Reading and Southern Railway pre-.
ferred and among the inactive shares st.
Louis Southwestern preferred anu Min
neapolis and st. Louis were features
of strength, while Long Island rose I
points and San Francisco first preferred
advanced 5;H and over s points TO- the
common and second preferred. Metro
politan continued its sensational advance
Of yesterday. jumping 1134 to 220H, but
the final dealings reacted to 21713.
Among the Flower stocks Brooklyn
Rapid Transit. Peoples Gas and Federal
Steel preferred at one time made nota Ole
gains. Sugar, Glucose Sugar. Rubber,
Pacific Mail. and Tennessee Coal and
Iron were likewise stronga features
among the specialties.
A number of low priced stocks moved
mp sharply. The ease of money, which
is the backbone of current high prices.
is shown by the quantities of funds
offered for long periods on exceptionally
easy terms. 1t was reported that money
had been offered at per cent for a
year and that large sums were being
received from all parts or the country
in New York. Unemployed balances III
considerable sums were loaned to repre-
sentatives of foreign interests at about
2h per cent for ninety days. Northern
Pacific and Chesapeake and Ohio wert
purchased for London account while
other American securities were traded
in both ways. A number Of commission
houses did the largest bushes to-Gay that
they had executed in many years. Their
purchases kept the traders ON the long
side until the final dealings.
The feature of the bond trading was
the extensive demand for the middle
grade issues, which found ready mar
ket ut advancing prices. The general
market was strong throughout, with the
demand embracing large variety Of
issues. Total sales 81, 10000.
The total sales of stocks were 1862
900 shares, including: 27,450, Atchison;
T6.920, Atchison preferred; $500. Cana
da Southern; 1880, Central Pacific; 40
620, Chesapeake and OHIO; o0.62O, Chi
cago. Burlington and Quincy; 1862, c.
G. c. and st. Louis; 10.470, Denver and
Rio Grande preferred: 5,S25, Lake Erie
and Western; 12,2O0, Louisville and
Nashville; 22,175, Manhattan 'I"; 90
012, Metropolitan Street Railway; 81
80, Reading first preferred: 81, 800, Mis-
souri, Pacific: 1899, New York Central;
7S,03S. Northern Pacific: 37,770, North.
EN- Pacific preferred; 1855, Ontario and
Western: 23,625, Rock Island and Pa
ciiic; $4,000, st. Louis and San Fran
cisco; 80 ,420. Union Pacific; 54,462, G..
NJ. and st. Paul; 7,G10. Southern Paci-
tie; $4,000, Southern Railway; AZ, 9G5,
Southern Railway preferred; 40,338,
Union Pacific preferred; 6,1S1, Wabash
preferred; 1860, Bay State Gas; 49,
$50. Federal Steel; 56,720, Federal Steel
preferred; 1880. Peoples Gas; 6,370,
General Electric; 36119. Brooklyn
Rapid Transit; 2S,950, Pacific Mail: 49,
420. American Sugar; AZ, 800, Tennessee
Coal and Iron; 5000. United States
Leather: 1850. United States lie Their
preferred; II, 700. United States Rr Der,
1870, Western Union; 1900. II. { w.
preferred; 24,3G6, Chicago Great Wes-
tern.