The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-11

ket. the ruling rate for call loans being
4 per cent. Sterling exchange eased
off on the large purchases of stock Tor
foreign account. An element i'll shaping
sentiment was a rumor that the GOV
eminent crop report to be issued iate
today would show an Improvement OF
several points over last month. 81.
paurs favorable weekly statement of
earnings was IL source of strength TO
the Changers. The lower range o.
prices brought about by yesterday 5
ldecine proved attractive to many would
|be purchasers, and while there was no
important news development, sentiment
was completely reversed To-Day.
Stocks which were the center of weak
ness Yesterday. notably the Flower
Specialties, were among the strongest
features today. Brooklyn Rapid Transit
rising 10 and Federal Steel and Peoples
Gas about 1 each. Among the Special
! ties there were some very pronounced
advances. including American Tobacco,
II: American Smelters, ); Steel Hoop
and Third Avenue, ; each: American
Steel and Wire. 3A: Tennessee Coal and
Iron and Continental Tobacco, 49, each
and Anaconda Mining and Manhattan
3 each The railways advanced from /
to 81 points for active issues. burlington
scoring the extreme rise. metropolitan
Street Railway which lost a point was
the most pronounced exception to the
| general strength. In the forenoon
| there was considerable commission house
| liquidation, which induced certain pro-
| feSsionals to make Il drive at the mar
| ket, but large operators absorbed offer
| ings, two houses taking together about
100000 shares, and this turned the tide
and Il steady Improvement followed.
report that the Industrial Commits
sion hearing in Washington had been
postponed for thirty days led to pur-
chases of the stock of some of the
companies to be investigated. 1t was
reported that Il prominent commission
house, at a consultation with the tinan
cial institutions carrying its loans
was forced to sell IL large
line of stocks shortly after the opening
and that it was on sales from this
quarter that the market was temporarily
depressed on the forenoon. Practically
everything joined in the late advance
and the market closed buoyant at the
best.
Railroad bonds participated in the inn
proved speculative temper, but advances
We're not material, except in a few
instances Total sales S2,S20000.
United States new Is advanced Il and
the IS y in the bid price.
The total sales of stocks were 1927,
800 shares, including: Atchison, J,4oo;
Atchison preferred, 10 700: Chesapeake
and ONO, 500; Chicago, Burlington and
Quincy, $50; Louisville and Nashville
500; Manhattan IL, $1,000; Metro
poltan Street Railway, 11,155; Mexican
Central, $500: Philadelphia and Read
ing first preferred, 24,T10; Missouri Pa
ciic 1900: New York Central, 1850
Northern Pacific. ~. 80; Northern Pa
citc preferred. S,2J0: New York, Onta-
rio and Western. $3.50; Philadelphia and
Reading, $3.50; Chicago. Rock Island
and Pacific, 14.f50 Union Pacific, 80
$50: Chicago. Milwaukee and st. Paul.
81. 100; Southern Pacific 6,Soj; Southern
Railway preferred, $500: Texas and Pa
cific, 1900; Union Pacific preferred. H.
$50: American Steel and Wire, -, 12J;
American Tobacco. 1900: Federal Steel,
As, 100; Federal Steel preferred, 12.470;
Peoples Gas, 3S,5S5: Brooklyn Rapid
Transit, 800: Continental Tobacco,
29.31o: Silver Certificates. 10000: Ameri-
can Sugar. i07 $50; Tennessee Coal and
Iron, 9,400: Continental Tobacco pre-
ferred, 9,i00; Chicago Great Western,
J,3I0.