The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-29
STOCKS AND BONDS.

New York, Jan. 2S.-The market was
quite irregular today. The opening was
strong in spite of the irregularity of
the London market, because, in part, of
the absence of disquieting Philippine adj
vices, which apparently had been eX-
pected by the traders who started COW
ering short contracts. Presently there
was Il renewed attack on values on pre-
dictions of an unfavorable bank state
ment, but when the statement appeared
ii upset all calculations by being very
favorable. This was the signal for the
repurchase of stock sold earlier, which
gave a strong tone to the closing. There
were some recessiOns in the railroads.
however, on the evening up of accounts
for the week Sugar and Glucose Su-
gar gained over point each. but it
seemed, to be the impression of traders
that Sugar was advanced in the inter
est of sellers. while in other quarters
the simultaneous advance Of Glucose and
American Sugar was surmised to presage
favorable trade developments.
Among the Pacifics there was IN adj
vance of point in Northern and South
ern. The movement in Northern Pa
ci6c was attributed to more confident
gossip regarding its dividend standing.
Pacific Mail was strong on the more
favorable outlook for the mail subsidy
bill in Congress. Minneapolis and st.
Louis at one time displayed strength on
the possibility of the first preferred
stock being retired. The prospective
advance in coal rates at Western points
was reflected in some strength in Read
ing.
Among the low priced shares st. Louis
and Southwestern Preferred rose 4
points and st. Louis and San Francisco
Second Preferred 23S; Pittsburg G. c.
and st. Louis, American Express and
Southern Railway We're also strong.
Among the Industrals American Steel
Preferred and American Salt were weak
Canada Southern and G.. G. C. and st.
Louis Preferred also showed declines.
Pronounced strength characterized the
bond trading today During the week,
the market showed less feverishness
than in stocks. Many issues were
brought prominently forward, owing to
dissemination of rumors regarding their
standing towNrd union with other
properties. Dealings were on an i'm
mense scale. with purchases for out Of
town account exceptionally large
United tSates SIS reacted Il and the
- . Nbupbb SApN ttAlNtu III tue bitl pliCS
The total sales of stocks were 567, 800
shares, including: 5,275 Atchison; 3S,-
800 Atchison Prefrred; 5000 Central
Pacific; 5.110 Chesapeake and Ohio;
1900 Chicago, Burlington and Quincy:
9,245 Louisville and Nashville 6,375
Manhattan IL" 5.565 Metropolitan
Street Railway; 13,400 Philadelphia
and Reading First Preferred; 10000
Northern Pacific; S,160 New York On
tario and Western: 1855 Chicago, Rock
Island and Pacific; 1890 st. Louis and
San Francisco: 1920 st. Louis and
San Francisco Second Preferred: 6.26J
Union Pacific: IL 800 Chicago, Milwau-
kee and st. Paul; 1850 Southern Pa
cifie: 1920 Southern Railway: 10,9S0
Southern Railway Preferred: 500 Tex
as and Pacific: 1920 Union Pacific
Preferred; 10000 Bay State Gas; TO-
100 Federal Steel; 1870 Federal Steel
Preferred: 1920 Peoples Gas; 5000
Brooklyn Rapid Transit; 1920 Pacific
Mail; $3.50 American Sugar; 11,720I
Tennessee Coal and Iron: 1890 St
Louis and Southwestern; $3.50 Chicago
Great Western.