The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-11

vances were lost, and in special cases,
as in Missouri Pacific and Kansas and
Texas preferred, the entire gain was
wiped out. Most of the Changers touch
ed the highest prices yet reached in the
current movement.
The most conspicuous among the rail
roads were those of Great Northern,
preferred, which made an extreme gain
of 5H, Manhattan over and the Read
ings 2 each The extreme rise among
the specialties was that of New York
Air Brake 1919, while Standard Dis
tilling. Standard Rope and Irvine and
Bay State Gas were very strong. SUI
gar, Tobacco. Federal Steel, American
Spirits and Laclede Gas lost ground.
There was tone of confidence at the
opening. although there was evidence of
much foreign and domestic realizing
which in spots brought recessions which,
however. were generally quickly recov-
cred. The prices of most international
stocks were shaded, and it was estimat-
ed that London sold some sixty thou
sand shares, mostly Atchisons, while
there were some purchases from that
quarter Of Chesapeake and Ohio and
Southern Railway. Altogether it is
estimated that the arbitrage business of
Yesterday and to-day, which on balance
were sales, footed up to 100000 shares.
\ number of high-grade bonds were
sod for Continental account. Favorable
forecasts of probable action on the
Louisville dividend. tomorrow brought
support to that stock. 1t was said that
the New York Air Brake Company had
secured the contract for equipping in
part at least, the New York Central
with air brakes, and to this may be at
tributed the sensational rise of the Air
Brake stock.
Some of the most important interests
in the Street were prominent buyers af-
ter an early reaction. These purchas-
es were largely confined to the Changers.
This was accompanied by some realizing
in other quarters of the market.
Transactions in bonds were almost So
100000 below yesterdays, and there is
also an absence of the violent upward
movement Profit-takng was evident in
some of the minor speculative issues.
but high-grade mortgages were well
maintained and advanced generally.
Total sales. S5.510,000.
United States new As, the old As reg
istercd, the 5's' registered, declined "A,
and the 3's * in the bid price, The IS
coupon advanced q in the bid price.
The total sales of stocks We're 1890
800 shares, including: $3.50 Atchison;
39,620 Atchison. preferred $500 Cen
trail Pacific: 29,S1O Chesapeake and
Ohio: II 200 Chicago. Burlington and
Quincy: $685. c., c. c. and st. Louis;
81, 445 Louisville and Nashville; $3.50
Reading, preferred; 44,67o Missouri
Pacific; 27,637 Northern Pacific: 1856
Northern Pacific, preferred; 1920 On
tario and Western; 1920 Reading; H.
625 Rock Island and Pacific; $1,000
Union Pacific; 36,310 st. Paul: 1857
Southern Railway; 30,310 Southern
Railway, preferred; 1900 Texas and Pa
cific: 11S00 Union Pacific preferred;
$500 Bay State Gas; 10000 Tobacco:
% 200 Federal Steel: 6.400 Federal
Steel, preferred: 29.0S6 Peoples Gas;
6,645 Pacific Mall S,400 Standard Rope
and Irvine: $3.50 American Sugar; H.
800 United States Leather; 1890 Unit
ed States Leather. preferred: $500
United States Rubber; 6,54o Chicago
Great Weastern.