The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-13

but with preponderance of gains. The
movements seemed largely to be the out
come OF an organized campaign against
the short interests. One group of stocks
after another was boosted. leaving the
bears in doubt where the next movement
would set in. The activity and strength
was in the gilt-edgrd railway shares. and
then successfully driftcd into the Paci-
tics, the Flower stocks. and then back
into the Pacifcs again. Great Northern
preferred made an extreme gain Of "a,
Pennsylvania 4, Jersey Central 4. Amer
lean District Telegraph ~. Third Ave
nue. ,. brooklyn Rapid Transit 212,
Norfolk and Western .. Burlington 1%l,
and the pacitics . TO 49,. part of which
gains was lost in the late dealings. The
iron and steel shares showed a lag
ging tendency although they too. enjoyed
periods of strength. London was again
Il seller on balance although arhitrage
dealings were somewhat interrupted as
the cable worked poorly. The advance
in PENNSYLVANIA. it was assumed, had
some relation to Il closer union between
it's eastern and western connections
Predictions Of very favorable Decem-
Der statement stimulated interest III Bur
lington. Northern Pacific was strong on
rather indefinite rumOrs TO the effect
that some arrangement Of their differ
enceS with rival companies was Likely.
The purchases of Jersey Central. ru-
NOR had il. were by insiders In expecta-
ton of increased traffic because of new
industries recently established along the
line.
20. I Inn
account is shown by the large borrow
ing Of stocks in this market until the
stocks sold arrive on the other side.
1t is estimated that fully 100000 shares
of such stock is now borrowed here. of
which 100000 are expected 10 arrive
by Saturday next. Chicago is displaying
great interest in the New York market
and IL is estimated that nearly a quarter
of business on the exchange comes over
Chicago wires. Transactions in stocks
to-day were little short of n million
shares. Realizations in the final dealings
gave the market Il heavy tone at the
closing. Improvements occurred In bond
prices during the forenoon but the mar
ket later showed weakness in spots ana
closed irregular. Total sales S5,l3a.0Uo.
United States old As. registered, adj
vanced Il in the bid price.
The total sales of stocks were 90S.4 400
shares. including: 1860. Atchison; %
020. Atcnison preferred; 5I,2IO. Central
Pacific: 200 Chesapeake and Ohio.
37.72o. Chicago, Burlington and Quincy;
1885, G.. {. c. and St. Louis: 1000.
Great Northern preferred; 9,193, Hi
nois Central: 1921, Louisville and
Nashville: 1850. Reading first PREFER
ed: 9,220 Missouri Pacific; 1O,6O4. New
Jersey Central:5.220 New York Central;
110,920, Northern Pacific; 23620, North
ern Pacific preferred; 10,0lO Reading,
1880 Rock Island; 1870, Union Paci-
fic; u. 400. ST. Paul; 5i,29o. Southern
Pacific: 11.550, Southern Railway; 20
21T, Southern Railway preferred; %
$50, Union Pacific preferred; $3.50, In
ternational Paper: 1880, Bay State
Gas: 1890 Federal Steel; 6,220, Fedc.
raj Steel preferred: $3.50. Peoples Gas;
1870. Consolidated Gas: $4,000, Brook
Ign Rapid Transit: 40, American Su.
gar; 9.220, Chicago Great Western.