The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-20

London tone encouraged a high opening
here. and there was a large accumiild-
ton of buying orders over night; the
short interests were compelled to re-
treat in many stocks. There was heavy
realizing at the advance, but the stocks
sold were we'll taken and the market
broadehed out.
The greatest activity and strength was
shown by Manhattan. Burlington. st.
Paul. Sugar. Atchison Preferred, Read
ing First Preferred and Northern and
Union Pacific The advance in Sugar
was credited to a rounding up of the
shorts. The advance i'll Burlington
seemed to be accepted in meaning that
something was under consideration in
regard to refunding scheme, although
negotiations under way We're said to
apply 70 the issue of only small amount
of bonds. The interests concerned We're
non-committal, and there was no definite
DEVELOPMENT one way or the other. The
advance in Manhattan was accom-
panied by story connecting the name
of a large outside interest as likely to
take part in the financing Of electrically
eouipping the road. but the denials of
this were emphatic as hitherto.
he 1lltIbdSt Vi i1C OIltlItL Wv iNNliN
of 1tb per cent seemed to have been dis
counted. as the stock was inactive after
the announcement and then dipped in
sympathy with the realizing movement
in the rest of the market. Favorable
earnings for the second week in Jan
nary lent strength to Louisville and
Nashville. Lake Erie and Western
stocks advanced on covering by the
Il, snf, Frhn Cd
So and the common 25s on the dissent
nation of rumors of a deal with the
G. G.. C. and ST. Louis.
The rumor of the prospective retire
ment of the Minneapolis. st. Louis
First Preferred stock resulted in an adj
vance in the Second Preferred stock of
in most of the Gould properties, some of
which have been inactive of late, Man
haitian rising All and Missouri Pacific
2 points.
Among the investment stocks New
York Central rose point and a half.
There was considerable liquidation in
Kansas, Pittsburg and Gulf stocks and
bonds.
The bond market showed relatively
more activity than the stock speculation.
iIaThpu duNiIIttS NClt SCOlCu all uIOulNl
with the undertone aggressively strong
United States IS registered advanced
u in the bid price.
The total sales of stocks were 1870
500 shares, including: $500 Atchison;
$4,000 Atchison Preferred; 1850 Cen
trai Pacific; 50,020 Chicago. Burlington
and Quincy; CLIO Illinois Central;
.245 Denver and Rio Grande Preferred;
36.620 Louisville and Nashville; 1850
Manhattan IL" $4,000 Reading First
Preferred; 10000 Missouri Pacific; 49,
800 New York Central; 200 North
American Company; $500 Northern
Pacific: $4,000 Northern Pacific Pre-
ferred; 7,T20 Reading: 40,S20 Rock Is
land and Pacific; 23,050 Union Pacific;
81, $50 ST. Paul; S.452 st. Paul and
Omaha; CLIO Southern Pacific: 1920
Southern Railway; 1890 Southern
Railway Preferred: 46,075 Union Pa
rfic Preferred; 10000 American Cotton
Oil; $3.50 Bay State Gas; S,202 Ameri- |
can Tobacco; 29,920 Federal Steel;
300 Federal Steel Preferred; 1920
Peoples Gas: 23.100 Brooklyn Rapid
Transit; 6S,620 American Sugar; 81 |
300 Tennessee Coal and Iron; 1880 |
United States Leather Preferred; s. i
5SJ United States Rubber; 6,S26 Chicago
Great Western.