The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-19

as a member of the latter group fell
3A.
Declines in the railroads otherwise
were not as violent as in the Specialties,
but extended very generally between one
and two points. The bears were some
what dazed by their own success and
almost Immediately proceeded to take
quick profits by buying to cover shorts
Rallies of to 3 points resulted in many
stocks. But before noon pressure was
renewed when a deluge of Brooklyn
Rapid Transit was poured on the mar
ket. The New York traction and gas
stocks moved in close sympathy. Brook
syn Rapid Transit dropped an extreme
9A. Metropolitan 81, Consolidated Gas
Z, Manhattan 3H, Third Avenue AS
and Brooklyn Union Gas 6. The lowest
prices of the day generally Were touched
on this movement, st. Paul extending
its loss to 2M.
The very violence of the movement in
vited some recovery and soon after one
o'clock prices generally had turned up
ward. Prices of the Specialties recov-
cred from two to over four points. The
absorption of railroad stocks became
quite conspicuous New York Central es-
pecially, moving up 31s from the lowest
and many others rallying from / to 2
points. Best prices were not maintained
and the market closed easy.
The late rally in prices was assisted
by an easing Of the rate for call money
to per cent, after ruling at 10 per
cent. A sharp drop Of IA per cent in
the actual rates for demand sterling
and cable transfer, and the marking
H. f.f III "A IN
fuence in relieving the strain on the
stock market. The October coupons
of United States four per cent bonds of
1907 We're payable today at the sub
Treasury and some slight relief was
offered to the money market by those
means. No reliable estimate is posi-
BILE of the extent to which loans were
liquidated today but that re-payments
to the banks We're very heavy is the
testimony of all authorities on the sub
ject.
Bonds were weak in sympathy with
stocks and liquidation Of the speculative
issues We're on a large scale. Total
sales (par value) $2,277000.
United States rs and old Is, coupons.
advanced II. but old As, registered, lost
" in the bid price.
The total sales of stocks were ,093,
900 shares, including Atchison. $500;
Atchison preferred. $3.50; Chicago
Great Western 500: Chicago, Burling-
ton and Quincy, 27,150; Chicago Rock
Island and Pacific, 23,S30; Louisville
and Nashville, 1880; Manhattan Ele-
waited, 1880; Metropolitan Street Rail-
way, %, 1876; Missouri Pacific 17,7T5:
Missouri, Kansas and Texas preferred,
1850: New York Central, 1880; Nor
folk and Western, 5,0T5; Northern Pa
cific. 14,050: New York Ontario and
Western, $3.50; Pennsylvania, 11,120;
Philadelphia and Reading first preferred.
1850; st. Louis and Southwestern pre-
ferred, $3.50; St. Paul, 95,625; Southern
Pacific, %, $50; Southern Railway pre-
ferred. 9,f44: Union Pacific, 22.320:
Union Pacific preferred, 104S5 Ameri-
can Tobacco. 46,450; Anaconda Mining
Company. 6.750; Brooklyn Rapid Tran
sit. 196,151; Colorado Fuel and Iron 90
100: Continental Tobacco, 10,450; Fed
eral Steel. HOOPS; Federal Steel pre-
ferred, 11.G50: American Sugar. 81, 16O:
National Steel, 5000; Tennessee Coal
and Iron, 1850; United States Leather,
$500; United States Leather preferred.
6.925.