The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-10-18

ferred, although the latter moro than
lost the early gain. The Baltimore and
Ohio stocks were conspicuously strong.
the common rising an extreme 23i and
the preferred ,. Laclede Gas confirmed
its advance and reached as high as
so.
The Changers, Louisville and Nash
vile and Southern Pacific were auite
we'll taken early in the day. apparently
by pooh interests. The public was not
in evidence at any time during the day.
Call money continued at per cent or
below in spite of the fact that many
banks report their cash still below the
legal reserve. But while the money
rate did not tighten number Of indus
trial stocks, especially those classed as
green" in Wall Street parlance,
showed signs of weakness, as might hap
pen if they were subjected to discrimi-
nation by money lenders in the shifting
of loans The Glucose stocks were
notably affected, the common dropping
nearly s points and closing near the
lowest, while the preferred lost 31b. Iron
and Steel stocks as a group also weak
ened simultaneously, Steel and Wire
leading with an extreme decline Of 23I.
tent of between / and points. This
unsettled the bull movement and wiped
out pretty much all the gains which
had been established. Prices struggled
upward again iii the final dealings to Il
level for the most part slightly above
last night. but the snap seemed taken
ont of the movement. There was a
warming rally in the rates for foreign
4sI,, 4,
not needed. Signals of distress were
in evidence in the German money mar
kets and sterling exchange fell sharply
at the Continental centers, including
Paris. Discount rates in London re-
sponded with an adyance.and a exchange
rates here, both on Paris and Lon
don. rose in sympathy Add to this
the fact that money is still going to the
inte=ior in considerable volume, that
government payments through the Sub
Treasury are again falling off. promising
a renewed drain on the money market
on account of revenue receipts and thar
applications for anticipated payments
for government interest continue on 4
small scale and the outlook for easier
money is not promising. This considera-
tion was sufficient to give pause to the
efforts to advance prices.
The bond market was moderately ac-
tive and prices improved. Total sales
fpar value) S2.00o, 900.
United States bonds We're unchanged
in bid quotations.
Total sales of stocks We're 397 800
shares, including: Atchison preferred,
1916; Baltimore and Ohio. 9.20S: Chi
cago. Burlington and Quincy, 1880;
Louisville and Nashville, 10,0l0; Man
haitian Elevated, 6.Sa5; New York Cen
trail, 5,070: Northern Pacific, 6,450;
Chicago, Milwaukee and st. Paul, H.
400; Southern Pacific, 21,975; Union
Pacific, $500: American Steel and Wire.
1850 American Tobacco, 1870;
Brooklyn Transit, 1868: Federal Steel,
1880 Glucose Sugar. 1850; Lacleae
Gas, $3.50: Pullman Palace Car Conn
pany, 5,654; American Sugar Refining.
29,150; United States Leather, 1000.
RALEIGH STOCK MARKET
Corrected daily by Grimes & Vass.
RALEIGH, n. c., October IL.
BONES.
Bid Asked.
North Carolina So ...ts.stss.....s Js2 l-Z
North Carolina AS. .4....,. -. ia8 40
Georgia Southern 81 Florida SIS. 10T 10 l0S Ia
Seaboard g. Roanoke SIS l0s Ia -