The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-07-18
STOCKS AND BONDS.

New York, July 1.-THE stock market
gave continued evidence today of opera
tions by an influential bull party. Their
efforts to advance prices met with con-
siderable success and were assisted by d
sharp upward movement in a number OF
individual stocks in which an outstanding
short interest was driven to cover. busl-
ness continues in large part in profession
al hands. The general list was rather
neglected, and it's price movements were
unimportant, but net gains were gen
orally registered at the close OF the DAY.
The manipulative character Of the market
was evident from the circulation from
time to time of some rather eXtravagant
rumors But the resulting gains were
pretty we'll held and the pressure Oh
profit taking at the advance was not
sufficient to cause any very notable set
back. The tone of the market at the
close however, was rather easy and dull
at concessions from the best. This was
due rather to pause in the bull manipu-
lation than to any large selling. Union
Pacific was the most conspicuous stock
in the list and resumed it's upward move
ment early in the day. period of dull
ness and relapse followed the higher
opening which was apparently due to the
check to the upward tendency in Balti-
more and Ohio. Some doubts were cast
upon yesterdays confident predictions of
early dividend action on this stock. The
market maintained an attitude OF indif-
ference for some time to the rapid advance
scored, first by Brooklyn Transit and later
by American Sugar the first rallying 312
from early depression, and the other ris-
ing rcarly 4 points. THE movements
were due to the demand from the shorts
who were disturbed by the apparent will
ingneSs Of inside interests in Brooklyn
Transit to see the stock go down and
by reports of large profits in sugar re-
filming at the present level of prices.
There were similar movements on
smaller scale in a number of prominent
Specialties. Pacific Mail rose eonspicu-
ousIy four points on the supposition that
it would be benefited by the transport
of troops and military supplies in CHINA.
The upward mvement in railroad stocks
was renewed after midday under the
stimulus of these special movements.
The Changers, Southwesterns and Pacifics
advanced very generally from l to w
points, and st. Louis and San Francisco,
first preferred, jumped "a on few
transactions. The movement did not ex-
tend far outside these limits in the Rail-
road list Arrangements are reported to
have been already made for sending
81 500, 900 in gold bars by Thursdays
steamer and exchange houses estimate
that the total for the week will run up
to between three and four million dol
lars. Money on call and for short time
loans continues easy and abundant, but
lenders are indisposed to place loans for
the longer periods.
The bond market was dull today and
the movement of prices continues irregu-
lar Total sales (par valued $SS5,000.
United States old As and SIS advanced
u in the bid price.
The total sales of stocks today were
300, 800 shares, including the following:
Atchison, preferred, 1881; Baltimore and
Ohio, 9,415; Chicago, Burlington and
Quincy, II, 565; Chicago Rock Island and
Pacific, $3.50; Illinois Central, $3.50;
Northern Pacific, 5000; Chicago, Milwau-
kee and St. Paul, $685. Southern Pacific,
10 ,260; Union Pacific, so $50; Union Pacific.
preferred, 1907; American Tobacco, 5000;
Brooklyn Rapid Transit, 1895; Federal
Steel, $780, Peoples Gas Light and Coke
Company $3.50; American Sugar, 47,S2O.
BONDS