The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-26

The effect of this selling was but slight,
owing to the support given by leading
interests The professional element re-
lieved the pressure which it had been
pXertinC on the market and turned
Iuyer. The commission business was IN
fair volume and was disposed TO follow
advances wherever they occurred. Lon
don took back some Of her earlier sales
on noting the improved tendency here.
Influences bearing ON the situation were
the handsome increases in gross earnings
for the third week in January shown
ty st. Paul, Missouri Pacific and Ca
madam Pacific There were q number
Ct very interesting features in the mar
let after the first hour. Metropolitan
Street Railway started sensational
advance which eventually reached 11h
roints above last nights closing. Man
haitian sympathetically made an extreme
gain of 3 points These movements led
10 n revival of rumOrs that the relations
cf the two companies had ben placed on
a more harmonious basis. The impress
sion in the street that in spite of the
denials progress is being made in the
Vanderbilt plans for bringing the col
lateral Tarts of their systems into closer
financial relations was partly founded
Cn the extensive and apparently solid
character of the purchases of Wander.
bilt stocks. In this group extreme
gains were made by New York Central,
Of J34, Northwestern 81, and c. c. c.
and St. Louis ~. Union Pacific pre-
ferred made a rise of 3 on revived belief
in the so-called Vanderbilt trans-conu-
mental deal, while Lake Erie and Yves
tern preferred was up 615 on the idea
that the road was being acquired in tn.
interest of New York Central. The in
terest switched then into the low priced
shares and rises of about 3 points Oc-
CURED in United States Rubber, Chesa-
peake and Ohio. Pacific Mail, Canada
Southern, Chicago Great Western and
Denver and Rio Grande preferred,
while the extreme advance in Toledo
ard Ohio Central, Rio Grande and
Western common and Tennessee Coal
and Iron reached five points. Continued
talk of the prospects of rehabilitating in
The Anthracite coal trade brought a rise
of from to 21a in the Coalers. The
Changers likewise were up from l to
215 except in the case of Northwest,
which advanced the highest on invest
mentand speculative absorption, because
Of increases in earnings. The closing
was firm, well up to the top figures.
The bond market developed marked
strength as the day progressed and
closed active at about the best. Total
sales $5,960.000.
Government bonds were unchanged.
The total sales of stocks were 1921
700 shares, including: 20,312. Atchison;
122, 100, Atchison preferred; 6,695, Can
ada Southern; $1,000, Chesapeake and
Ohio; 25.700. Chicago, Burlington and
Quincy: 80. 420. C. G. c.. and St. Louis.
1870, C. G. c. and st. Louis preferred;
G, 100 Illinois Central: 1850, Louisville
and Nashville; 10000, Manhattan Il;
sc, 1873, Metropolitan Street Railway;
80. 700. Reading first preferred; 81, 300,
Missouri Pacific: 100, NJ X. and Texas.
81, $40, New York Central 1910,
Northern Pacific; $3.50, Northern Paci-
fic preferred; 5000, Northwestern; 30
see, Ontario ard Western; $3.50, Rock
Island and Pacific; G,155. st. Louis ana
Southwesten 5000, St Louis and
Southwestern preferred; $3.50, Union
Pacific; 24,529, st. Paul; 77,7S4, Union
Pacific preferred; $3.50, Wabash pre-
ferred: $500. International Paper; Z
40, Federal Street; 22.320, Federal
Steel preferred 2S,645, Peoples Gas;
II .1G5. Brooklyn Rapid Transit; 26,305,
Pacific Mail; 27.700. American Sugar.
y 800. Tennessee Coal and Iron; $500,
United States Leather preferred; 22,560,
United States Rubber.