The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-23

changes were small and irregular and
the tone of the speculation hesitating.
The pressure against American To
hacrp was in evidence and BROOKLYN
RAND Transit had struggle to over
come It's opening decline, the latter,
eventually moved upward, and though it
fell once again below last nights level
its advancing tendency afterward was
stimulating influence on the market
throughout the day. The stocks of New
York city corporations showed close
sympathy with the movement in Brook
lyn Rapid Transit, and many rumors
were prevalent to account for the move
ment pointing to a plan of unity of con
troll of all the public utilities in the
greater city of New York. Net gains
in this group, including Manhattan Ele-
waited, Metropolitan Street Railway.
Brooklyn Rapid Transit, Consolidated
Gas and Brooklyn Union Gas ranged
from IL to ) points. The movement
in the Specialties was most conspicuous
throughout the day, but a rather nota-
bic demand sprang up for the railroads
attacked by sudden rise in Omaha of
IA, in Northwest of 4, and in New York
Central of III. These gains were not
maintained but there was notable buy
ing all day of Southern Pacific and Rio
Grande. One or two of the Southwest
ems advanced well. The movement in
the railroads did not extend far out
side these limits, except for some OBJ
scure stocks There was very heavy
demand in the last hour for the Leath-
er stocks, which was a material factor
in overcoming the reactionary tendency
4
common, advanced to 1915 and the pre-
ferred to 1895, closing at the top. The
general market closed steady under this
sustaining influence somewhat below
the best. Speculative opinion was in
clined to look for favorable bank state
ment tomorrow and was much cheered
thereby. There was no further evidence
of stocks being forced to sale by calling
of loans and the rate for call money
did not rise above 6 per cent. and fell
on minor transactions below that This
is pretty good evidence that the banks
are within their legal reserve, but it
gives no clue as to how far the surplus
may have been replenished.
The bond market was moderately ac-
tive and prices advanced in sympathy
with stocks. Total sales (par value
81 ,245, 600
United States old As registered adj
vanced II in the bid price.
The total sales of stocks were 100000
shares, including Atchison, preferred,
"a, $50; Chicago, Burlington and Quincy,
%. $50; Chicago, Rock Island and Pa
ciic, 7,125; Louisville and Nashville,
1920; Manhattan Elevated, 1895;
Metropolitan Street Railway, 1885;
Missouri Pacific, 800; New Jersey
Central, 5,035; Northern Pacific, 1910;
Philadelphia and Reading. first prefer
red, 6,310; Chicago, Milwaukee and st.
Paul, 2S,195; Southern Pacific, 1876;
Southern Railway, preferred, 5000;
Union Pacific, $3.50; Union Pacific, pre-
ferred $40; American Steel Hoop, T.
$50; American Steel and Wire, TOO;
American Tobacco, 9,150; Anaconda
Mining Company, $3.50; Brooklyn Rapid
Transit, 1880; Continental Tobacco,
5,420: Federal Steel, 109SS; Peoples
Gas Light and Coke Company, 24,6S5;
American Sugar, 50,450; Tennessee Coal
and Iron. II, 020; United States Leather,
43.67S; United States Leather, prefer
red, 14,675.