The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-22
THE NEWS AND OBSERVER TUESDAY MORNING. AUGUST 3D. 1892

Brooklyn Rapid Transit suffered the
severest attack from the bears all DAY
long. The success of the bears with TINS
stock encouraged them to extend their
attack to other members OF the so-call-
ed Flower group. They forced down
International Paper an extreme eight
points, and Federal Steel suffered to the
extent of 33s. Peoples Gas lost over
points and Rock Island and Pacific
point. The extent of the decline invited
hasty covering and there were rallies
of from / to about points in the group.
Manhattan Elevated, Metropolitan
Street Railway and Thir1 Avenue show
ed wide declines in sympathy. ranging
from 2k to Az in the case of the first
two named. American Sugar, after an
early gain of point, dropped nearly
points Steel and Wire and other iron
and Steel stocks were also heavy. The
influence of this weakness on the rail-
road list was accumulated by a late
marking up of call loans to 80 per cent
after having ruled at and below 3 per
cent during the early part of the day.
The fact remains that a large portion of
the days business in the railroads was
done at prices above Saturdays level.
There was an enormous absorption of
stock from the opening in spite of the
rather heavy tome reflected from the
foreign stock markets by the disorders
in Paris, an uneasiness over the politi-
cad situation and the spread Of the bu-
bonic plague. Tennessee Coal and Iron
rose AZ points to par iii the first few
minutes Of trading. 1t went back dur
ing the day to 81 and closed at 90. Louis
vile and Nashville continued in active
demand and sold up to 1875. a number
of low-priced stocks, notably, Denver
and Rio Grande and Norfolk and West
ern We're in good demand, and the large
organized buying of Southern Pacific
was continued. This stock was held
back by realizing and did not at any
time rise more than a small fraction
over Saturday. Stocks of railroads in
Colorado were uniformly strong ON the
improved conditions in the mining indus
try of that State. Atchison preferred,
the Changers, the Coalers, Baltimore and
Ohio stocks and Union Pacific were in
large demand. American Tobacco ended
with a gain of about 2 points.
The bond market showed Increased ac-
tivity in sympathy with stocks. There
were conspicuous gains in Southern Pa
cifc's As, Colorado Midland As and At
Gibson As. Total sales (par value) ST.
12S,000.
United States SIS advanced u in the
bid price.
The total sales of stocks today were
10000 shares, including:
Atchison preferred 54.320 Atchison,
1850; Chicago Great Western, 1000;
Chicago, Burlington and Quincy, 10000:
Denver and Rio Grande HIPPO: Louis
vile and Nashville, 1890: Manhattan,
11,150; Missouri Pacific, 1900; Missouri.
Kansas and Texas preferred, 5000: New
Jersey Central. $500: Norfolk and West
ern, 2T,735; Northern Pacific, 20.750;
New York, Ontario and Western, $500:
st. Paul. $3.50; Southern Pacific. 49,
$40: Southern Railway, 5000: Southern
Railway preferred, 10,S20; Union Pa
cifc, 27,110: American Cotton Oil, s.
800; American Steel and Wire. 1870:
American Tobacco, IL, 13O; Brooklyn
Rapid Transit IL ,130; Federal Steel
1880; International Paper, $40: Peo-3
pies Gas, Clio; American Sugar. T.
700: Tennessee Coal and Iron, 2O.650:
United States Leather, $3.50.