The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-21

absorption of securities was large and
confident IN the local market. There
was n period of realizing before noon
and short selling asfwell as realizing be-
fore noon and short selling as well as
realizing after delivery hour, but prices
picked up rapidly in til final dealings
and the market ended with very good
tone. The buying of commission houses
was liberal and extended to great
variety of shares. New York Central
made an extreme rise of 53s and gossip
was revived of n closer amalgamation
Of Central and Northwestern Railways.
Union Pacific Preferred was up an eX-
IRENE 3A on talk of the future plans of
the NanderbiltS in connection with that
property. Manhattan rose 53a and Met
rolitan Street Railway 33S the possibili-
ty being discussed Of these roads work
ing tremendously. Manhattan. however.
lost PA of its earlier advantage. There
was substantial advances in American
Steel and Wire, International Paper
New York Air Brake. American Sugar
United States Leather and Consolidated
Gas. II was announced that CONSOLE
dated Gas had disposed of a large block
of treasury stock which had been hang
ing over the market The Changers
were up from fractionally to over n
point. with st. Paul leading. and all
attained record high figures i'll the cur
rent movement except Burlington
which was within II of the best. Mis-
souri, Pacific displayed considerable
strength after long period of compare
tive inactivity, on the idea that the am
nual report which will be published be-
fore long may be favorable.
An essential factor in sustaining prices
was the calculation that the banks for
the week will have gained so. 209.000
cash excepting receipts by mall which
figures were unobtainable. The banks
gained $2,230,0 600 by express remittances
and S6,827 900 by sub-treasury opera
tons. Moreover $1,150,0O0 gold inn
ports will figure in tomorrOw's bank
statement
The bond market developed exception
al activity. transactions footing up So
3G5,000. The course of prices was
notably upward throughout, especial
features of strength being Atchison
adjustments, Erie generals and Manhat-
tan consols. Many Of the less active is
sues registered material improvements,
Kansas and Texas SIS jumping s points.
United States SIS coupon advanced II
in the bid price.
The total sales of stocks were 1.250,-
200 shares, including: -, $50 Atchison;
100,220 Atchison Preferred; 1880
Canada Southern; $500 Central Pacifis;
1850 Chicago. Burlington and Quin-
cy; $4,000 c. c. C. and st. LOUIS;
5000 Denver and Rio Grande Preferred;
1886 Illinois Central; 27,020 Louisville
and Nashville; 110,520 Manhattan L."
II, $50 Metropolitan Street Railway; 49,
80 Reading First Preferred; $500
Missouri Pacific; 1920 New York Cen
trail; $40 New York, Chicago and st.
Louis; 25.0S0 Northern Pacific: 17020
Northern Pacific Preferred; 20.320 Rock
Island and Pacific: 29,S20 Union Pa
cific; 1880 ST. Paul; 1850 Southern
Pacific ZIP Southern Railway; r.
647 Southern Railway Preferred: 81
200 Union Pacific Preferred: S,495 Wa
bash Preferred; 16,475 International
Paper; 1860 American Tobacco; $500
Bay State Gas; 25,920 Federal Steel:
1880 Federal Steel Preferred; 1920
Peoples Gas; 5000 Consolidated Gas;
45,020 Brooklyn Rapid Transit; 1910.
National Lead; 10.S70 Pacific Mail;
$500 American Sugar: 1850 Tennes-
see Coal aud Iron; $3.50 United States
Leather; 7.540. United States Leather
Preferred; 1920 Western Union.