The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-15

days bank statement indicated that all
yexed problems in the money market
had been settled and that ease ana apuIl-
dance of funds were now Mt hand. Inc
first sharp advance in stocks, however,
demonstrated that the pressure of some
heavy selling would have to be encoun-
tered on any general upward movement.
The market thereafter lapsed into the
spotty condition which has been its re-
cent characteristic. A small number OF
stocks showed very marked strength, but
the usually active and prominent stocks
lay practically dormant throughout the
session and showed saggIng tendency
which the strength in special Instances
had no effect towards counteracting.
Tennessee Coal and Iron advanced
by sensational leaps an extreme six
and quarters points, giving coiof
to prevalent rumors of a corner in the
stock. The tone was feverish below
the high level and the net gain was
3A.
The announcement of the smelters'
strike settlement in Colorado enhanced
the prices of quite n number of stocks,
including American Smelling and he
fining. which is most directly affected,
Colorado Fuel and Iron, Denver and
Rio Grande stocks and Colorado South
ern stocks. Gains in the group ranged
from III in Denver and Rio Grande to
81 in Colorado Fuel and Iron pre-
ferred The Smelling stocks rose 39s
and 234 respectively.
The railroad stocks to show strength
were comparatively few. The Chicago
Great Western debentures started down
ward after their notable rise on Satur-
day and are nearly 2 points off on the
day, but the preferred "A stock is
up over 2 points and the preferred b
stock over point. Beside these there
are notable gains in the =. c. @. and
st. Louis stocks, Louisville, Kansas and
Texas preferred. the Minneapolis, st.
Paul and Sault Ste. Marie stocks, Cleye-
land Iorain and Wheeling preferred,
New York, Chicago and st. Louis stocks,
and some of the low priced railroad
stocks. Confidence over the situation
had a relapse, the conviction growing
that the Saturday bank statement may
not he Il fair reflection of Saturday con-
ditions In the market. Uneasintss and
depression were also reflected from a
broad political disquiet in France and
advancing money III London and Berlin
threatening some pressure Of liquidation
from those quarters should this coun-
try's credits be called home. Whatever
ease is manifest in the money market
is realized to be due to the quietude Of
speculative markets the world over and
conservative heads in the financial world
are inclined to frown upon an outbreak
Of speculation.
The bond market showed increased
activity, Kansas and Texas second lead
ing. Prices are higher. Total sales
par value) $2.5S1 900.
United States 3's and new As adj
vanced' IL and the old As, registered,
and the IS 1s in the bid price.
The total sales of stocks were 447,-
300 shares, including: Atchison pre-
ferred. 1850; Chesapeake and Ohio, s.
$50; Chicago Great Western. IL $50;
Chicago, Burlington and Quincy. 1910:
Louisville and Nashville. 6,230: Nilsson
ri, Kansas and Texas preferred, 20,375:
Northern Pacific, 1900; Pennsylvania,
$500: st. Paul. 6,060 Southern Rail
way, 5000; Southern Railway preferred.
100; American Smelling and Refining.
14,120; American Hoop. 100: American
Steel and Wire. 25,TT0; American To-
bacco, 46.149; Brooklyn Rapid Transit
14,174; Colorado Fuel and Iron. 1850:
Continental Tobacco, 10000; Federal
Steel, 11,260; Peoples Gas, 25.645:
American Sugar, 1892 Tennessee Coal
and Iron, 21,SI5; United States Leather,
1919