The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-31

lion of gold had been purchased in
London for American. The periodical
railway earnings reports that appeared
were gratifying. The volume of bust
ness was again over million shares
aud because of the continued activity
of the market a number Of commission
houses now work employees in shifts
London was a purchaser on balance to
dav particularly of Northern Pacific and
Readings. and Southern Pacific and
Louisville. There was considerable shift
ing of commission house accounts from
one stock to another with Il prepOnder-
ance of buying orders, which for time
more than offset the attacks of the re-
actionists. Sugar was lively traded in
and lifted on some rumOred arrangement
with the Glucose Sugar refining com
pany At the same time there were
denials from various sources of a pros
pective agreement with local rival com
panieS. Disclosures made by the Pitts
burg. Cincinnati and st. Louis minority
interest were construed as favorable and
resulted in sharp advance in the
stock. part Of which was lost on reaN
izng. Gossip had it that Northern
Pacific was in control Of the party in
favor of larger dividends, and that the
stock was receiving pool support.
Consolidated Gas jumped eight points
on assertions that a partial union Of the
gas interests on Monhattan Island had
been effected. Other sensational adj
yanccs were those of Tennessee Coal
and Iron preferred 10; Great Northern
preferred ~ and Colorado Fuel and
hao,,
aggression brought about heaviness. but
strength in the specialries and the
Southwestern group steadied the mar
ket. which resumed its upward course.
The Changers. after periods of inactivity
rose moderately. Western. Union, the
Readings, were also lifted. Profit taking
again encouraged a smart raid on values,
effecting numerous declines. General
recoyeries ensued in the final dealings,
and the market closed firm.
The bond market developed consid-
cradle irregularity to-day, bur the varia-
tons for the most part were unimpor-
tant outside of to-day's Pacific seconds
and st. Louis Southwestern seconds.
Total sales of bonds $6,295. 600. Uni
ted States is, registered, declined 1s in
the bid price, and the IS, coupon, "A in
the bid price.
The total sales Of stocks were 1,040,
400 shares. including: 1886. Atchison;
80. 800 AtchiSon preferred; 39.G20. Cen
trail Pacific: 9470, Chesapeake ana
Ohio; 1890, Chicago. Burlington and
Quincy: 22,215, Louisville and Nashville
tex-dividend); 1925. Manhattan Il;
6,353, Metropolitan Street Railway; 49,
40, Philadelphia and Reading first pre-
ferred; 1900, Missouri Pacific; 21,930.
Missouri Kansas and Texas preferred:
1886, Northern Pacific; 9,67J, Northern
Pacific preferred; 9,975. New York On
tario and Western; $500, Chicago Rock
Island Pacific: 24.450, st. Louis and
San Francisco second preferred; 22,960,
Union Pacific; 39,417. Chicago NJ, St.
Paul; 1850. Southern Pacific; 1920,
Southern Railway; 2O,9S1, Southern
Railway preferred; HOOPS, Texas and
Pacific; 23,G55 Union Pacific preferred:
OF 100. American Cotton Oil: 10TS0,
Bay State Gas: 31,120. Federal Steel;
35,520, Federal Steep preferred: 1925,
Peoples Gas; 10,303, Brooklyn Rapid
Transit; 20,S93, Pacific Mail; 1860,
Tennessee Coal and Iron; 1000. United
States Rubber; 7.467, Western Union;
1920 st. Louis and Southwestern; %
079. st. Louis aud Southwestern pre-.
ferred; 14,624, Chicago Great Western.