The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-03-27
TIKI NEWS AND OBSERVER TUESDAY MORNING. MARCH 81 1900

eral level of prices was decidedly higher
on the day, and very heavy aggregate
of stocks was marketed. Dealings were
more or less congested in the usual lead
ers of stock exchange movements, but
there was very broad market for usually
dormant stocks, some of which have not
made their appearance in the records OF
transactions for many weeks past. Lon
don was an eager buyer in this market,
and while there were sales for that &C
count to take profits where recent adj
yances have been considerable, the dis
position of the foreigners seemed to be
to re-invest their profits in other stocks
They were free sellers of Norfolk and
Western and of Baltimore and Ohio, but
the purchases on London account of fully
$4,000 shares far unbalanced the sales.
The commission houses had large orders
to buy which had accumulated over SUN
day and the professionals took advantage
Of this demand to market their holdings.
This coupled with the weakness OF the
local traction stocks. American Sugar and
Peoples Gas turned prices back before
the end of the first hour, but the buying
continued in undated volume and carried
the market upward again. Later in the
day. when the buying orders had been eX-
ecuted and realizing developed in the
trunk lines the market went off again.
The final rally did not bring prices back
to the best, but it made the closing firm.
baltimore and ohio common rose an eX-
IRENE 534 and at one time crossed the
preferred There was very heavy realiZ-
ing in the other trunk lines under cover
of the rise in Baltimore and Ohio. Spe-
cial strength and activity was shown by
a number of the low priced Southern and
Southwesterns, the Pacifics, some of the
Coalers, both Anthracite and Bitumin
Gus. The movement apparently was
based on confidence in the general out
look A marked falling off was reported
in the quantity of bills offered in the ex-
change market.
The bond market continued broad and
active, and higher prices were made for
most bonds traded in. Total sales (par
value) 81 ,010,00
United States 3's coupon advanced u;
United States registered 4 and the re-
funding o's (when issued) declined u in
the bid price.
The total sales of stocks today were
|. OPS 500 shares including the following:
Atch1SOn, ~, 90, AtCnlSOn, preferred,
&c, $50; Baltimore and Ohio, 60,370 Chesa-
peake and Ohio, 1880; Chicago Great
Western, 0,160: Burlington, 81, 500; Rock
Island, 22,935; Denver and Rio Grande,
1850; Kansas City, Pittsburg and Gulf,
800; Louisville and Nashville. 1865;
Manhattan, 11,7S0; Metropolitan Street
Railway, $3.50; Missouri Pacific, 42,375;
Missouri, Kansas and Texas, preferred,
II $50; New York Central, 1850: Nor
folk and Western, 1910; Northern Pa
cific, 29150: Northern Pacific, preferred,
10 400; Ontario and Western, 1902;
Pennsylvania. 5O,695; Philadelphia and
Reading 5000: Philadelphia and Reading.
first preferred 29,75O; Philadelphia and
Reading, second preferred, 500; st. Louis
and Southwestern, preferred, 1920; st.
Paul, II ,O35 Southern Pacific, 113,43O;
Southern Railway, 40,390; Southern Rail-
way. preferred 9,035; Texas and Pacific,
$780, Union Pacific, 60,250, Union Pacific.
preferred, 1890; American Smelling and
Refining, 6,040; American Steel and Wire,
$3.50 American Tobacco, 10000; Brook
Ign Rapid Transit, 20,470; Colorado Fuel
and Iron. 6,775 Peoples Gas Light and
Coke Company, 1885; American Sugar,
2S,970.