The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-07-19
STOCKS AND BONDS.

New York, July 18.-The bull party de-
sisted from their efforts to advance prices
today and the recent appearance of &C
tivity, due to their operations, promptly
gave place again to something near to
stagnation. While the pressure to real
ize was not severe it was evident that
the recent demonstrative buying by the
bull party has failed utterly to attract
any demand from outside sources so that
no market is offered for the taking Of
profits.
Predictions of dividend action on Bal
timore and Ohio are so far discredited
that that stock went backwards today,
and even Union Pacific, which has beer
advanced by much more aggressive man
agement, fell back as much more, later
losing Ia net and the former ia. The
increase in the dividend rate of Illinois
Central apparently did not add to the
credence given to predictions of other
dividend increases. Yesterdays violent
rise of four points in Pacific Mail and
the strength of the Pacific railroad stocks
was more fully explained by today's de-
tailed reports of the chartering of steam
ships in the Pacific by the United States
Government, and in the Atlantic by the
German Government for use in the trans
port of military supplies to China. But
the inviting prospect thus offered OF
lucrative traffic for the trans-continental
railroad lines was offset today by some
other considerations of the results to
accrue from war in China Wall Street
has not given much attention to the
check in export trade in textiles caused
by the unsettlement in China. The un-
easiness caused abroad by reports OF
Boxer inroads upon Russian territory
brought sales of securities in New York
for foreign account and a reminder that
forced liquidation abroad might throw
considerable burdens upon the New York
stock market.
The days shipments of gold were re-
Election of the money needs of foreign
markets which are not unlikely to grow
acute if the Government expenditures for
war preparation should become large.
Today's engagements, amounting to-
So, 900, 900 were more than a million less
than was anticipated. The immediate
continuity of the gold export movement
is felt to be in some doubt. But if mill
tary operations are to be carried on in
China the needs of foreign governments
IOT Capital Will plCIly Vel CdInly SOHNCl Sc
upon New York, as this is now the cheap
est money market in the world. But I'M
easiness is caused by the conjecture as
to the effect upon the New York money
market when the interior demand for
moving the crops is added to the foreign
demand. The money market in New
York continues very dull, but funds for
time loans for the longer periods are
scarce.
The bond market continued very dull
and the fluctuations were uneven. Total
sales (par value) $905,000.
United States 3's registered declined
4 and the new As Is in the bid price
The 3's coupon advanced u and old As Is
per cent.
The total sales of stocks today were
200, 700 shares, including the following:
Atchison, preferred, 1920; Baltimore and
Ohio, 6,2S5; Chicago, Burlington and
Quincy, 1861 Illinois Central, $3.50; New
York, Ontario and Western, 7,400; Chi
cago Milwaukee and st. Paul, $3.50:
Union Pacific, 20, 1856; Brooklyn Rapid
Transit, 1883; American Sugar, 1896.