The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-28

under the leadership of the Flower
stocks, including Rock Island, People s
Gas and Brooklyn Transit. The low
nriced stocks were then taken in hand.
Tennessee Coal and Iron moved up 3A,
American Spirits Preferred 2, Wheeling
and Lake Erie Preferred AZ, First
Preferred when issued 4; Pacific Nf"il
25s and indianapolis and Louisville Pre-
ferred 3. Among the specialties there
were advances of 23s in United States
Rubber and , in American Sugar, while
Metropolitan moved within two points.
There was an average rise of over a
point in the Changers except Northwest.
The largest rise in this group was that
of Rock Island, Us.
The Coalers, Morgan stocks and {.
c. and St. Louis were quiet and Long
Island jumped 81 and Norfolk and
Western Preferred ON large transact
ions advanced 49,.
The move i'll the latter was attributed
to talk of an increase in the dividend
rate. Lake Erie and Western and Chi
cago Great Western Preferred rose in
the neighborhood of 2 points. The news
accompanying the advance included the
favorable report of the Senate Com
merce Committee on the steamship sub
sidy bill. which benefited Pacific Mail;
an explanation that the new beet sugar
company would not invade the Ameri-
can Sugar Refining Company's territory
and number of favorable traffic state
mcnts. including those Of Northern Pa
cifc and Southern Railway, READING
and Wabash December net changes.
however. We're decreases.
I ..1,,
ing q deficit after dividends of over Il
half million dollars was without notable
effect on the stock only one transaction
appearing after the publication of the
report The denials of the rumored New
York Centrafs trans-continental plans
were responsible for early losses in
Union Pacific, which subsequently raj
lied, closing fractionally off for the day.
In the late afternoon there was Wig
orous bear raid which reduced prices
from 1 to points. on news agency bull
letins of Aguinaldo's proclamation of
the Philippine Republic being establish
ed. The stocks offered were presently
freely taken, which gave a steady tone
to the close. Transactions were in ex-
cess of million shares, as on other
days this week. Considerable irregular
ity prevailed in the bond market. with
the active issues favoring a downward
course. Total sales $6,215,000. Bid
quotations for Government bonds We're
unchanged
The total sales of stocks were 1882
100 shares. including: 16050 Atchison:
23,970 Atchison Preferred; 14,730 Cen
trail Pacific: 11.510 Chesapeake and
Ohio; 23,020 Chicago. Burlington and
Quincy; 1900 C. c. c. and st. Louis;
90. 400 Louisville and Nashville; 22,640
Manhattan L. $3.50 Metropolitan
Street Railway: 1918 Philadelphia
and Reading First Preferred; 1880
Missouri Pacific; 1907 New York Cen
trail; $4,000 North American Company;
23745 Northern Pacific; 1862 North
ern Pacific Preferred: 11,430 New
York, Ontario and Western; 46.4I9 Chi
cago, Rock Island and Pacific; 1S,G40
ST Louis and San Francisco; 32,630
Union Pacific; 24.630 S. NJ. and st,
Paul; 10,340 Southern Pacific; 29,125
Southern Railway; 1T,46o Southern:
Railway Preferred: 44,945 Union Pa
cic Preferred 44.945 Wheeling and
Lake Erie; 5000 Wheeling and Lake
Erie Preferred; 1900 American Spirits;
$500 Bay State Gas; 22,9G0 Federal
Steel: 1920, Federal Steel Preferred;
66. 400 Peoples Gas; 20.410 Brooklyn
Rapid Transit; 27,300 Pacific Mail:
1910 Standard Rome and Irvine: 10000
American Sugar: 40.S79 Tennessee Coal
and Iron: 1924 United States Leather;
6.T50 United States Leather Preferred:
Is. 425 United States Rubber: 5.23S
Western Union; $3.50 ST. Louis South
western: 1925 st. Louis Southwestern
Preferred; 1870 Chicago Great West
ern.