The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-02-06
STOCKS \ y

New York. Feb. 3.-~SpeculatiOn in to-
short session of the stock market
sWayed 10y long ventures encouraged
.Ev the statement oil the st. Pau Rail-
roal for the fourth week of January.
band 4 disposition to take profits. y level
.of prices had been early established
indicated a handsome rise on Sc
~curitieS purchased earlier i'll the week.
The tendency TO realize was very mann
fest after the publication of an eXcep-
~tionaIiy Favorable bank statement.
Although the downward movement AS
.eumcd some force near the end. owing TO
IN violent break of three and three-clghth>
per cent in American Sugar. the earlier
advances gained by the st. pauls show
ing. and that Of minor roads was not eli
tirely cancelled. Interest was revived
to Il marked extent in Il number of the
Iron and Steel issues, National Steel
moving up two points and receding frac-
t~iolsally. Tennessee Coal and Iron fell
into comparative d~ullnc>> and although II
covered a range of three points, tcrm1ln-
atcl unchanged.
Some comment was excited by q rise
of five points in General Electric. which
was generally attributed to reports of en-
couraging earnings. American Sugar
plunge downward was ascrihed TO gossip
concerning the trade war. Third Avenue
occupied 4 less conspicuous position in
The market than of late and moved III
somewhat marrow limits. \ tendency tC
cover in some directions, coupled with
free selling in spots, caused n very irreg-
Mar close TO the days business. Trans
octions were unusually heavy for Il short
time and the number Of stocks dealt II
almost equalled that of yesterday.
Bonds have been well absorbed during
7he week. but there has beer some irreg
uIarity in price movements.
United States old Is advanced Il. the
- - and new Is - in the bid price
The 3's declined u.
The total sales Of stocks today wer'
}f4, 100 shares, including: Atchison pre-
ferrcd. 10.345; Baltimore and Ohio. %.
GG2; burlington. 1915; Rock Island, :.
f94: Northern Pacific, 1886; Missouri
Pacific. 100: Reading first preferred
5000; st. Paul. 1915; Southern Pacific
1850; Union Pacific. 6.45O: AmericaI
Steel and Wire. 9.O5O: American Tobacco
5000; Brooklyn Transit, 1O,425: Nation
al Steel. 11,775; American Sugar, G2,95C
Tennessee Coal and Iron, 500; Repul
lie Iron and Steel, 5,OlS.
WEEKLY BANK STATEMENT.
New York. Feb. 3.-The weekly ban
] statement shows the following change:
1 Surplus reserve. increase, S1,o93,3U
j loans. increase &11,249, 800; specie. il
d crease So, 800. 600; legal tenders. increas
u \}%N,100; deposits. increase $1,000 ,2O'
81 flcuIation. increase S223,OOO.
III Tive banks now hold S3O,S11,215 in @.
."~~ Of the legal requirements.
ii GRAIN AND PROVISIONS.
l~HIcago, ILL.,, Feb. 3.-Wheat was ear.
"'na ON disappointing cables, but son
".tiu@ by foreigners. Il somewhat bctt,
i cash demand. apprehension. over Gro
coalitions and sympathy with corn late
'HtjHtcractcd this. the market closing fri
May hc. under yesterday. Corn W;
"' on light country offerings and dai
H-" reports from Argentina. May closil
'4h!3Ac. higher. Oates closed unchangt
j Hnd provisions 5M toe. lower.
HAVEN AND STOUT'S COTTO
LETTER.
New York. Feb. 3.-tSpecial.)-Specul
/ N"n III cotton this week has been eX>ee