The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-04-11

for many days with a rush to buy, and
which served to conveniently absorb the
profit taking sales of the professional
element This class of orders has either
been withdrawn or has been placed at a
level of prices below that now existing.
The operators fer the decline have not
yet succeeded in bringing out any very
heavy volume of offerings, but they work
in the confidence that they will reach
stop loss orders which will precipitate
sudden drop all around Their enorts
were contested today by pool operations
in a number of stocks and the continued
demand from London for stocks was
against them. But the operators for
rise seemed to lose courage towards the
close of the day and realizing IN STOCKS
which had shown strength was very gen
eral These included in the railroad list,
particularly the Baltimore and ONO
stocks. Missouri Pacific and other South
western railroads, Norfolk and Western
and some of the coalers. The Indus
trials and Specialists were extremely ac-
tive and irregular, under the influence
Of special causes. American Sugar rallied
sharply from an early decline on the an
nouncement that the company's principal
competitor mad advanced the price of re-
fined sugars to a parity. The stock sold
off again with the general weakness of
the market Third Avenue shot up near
ly 10 points on the announcement that
it's bond issue had been placed. A long
standing short interest was forced to
take losses and close out after which the
stock relapsed somewhat. Realizing by
the Brooklyn Transit pool forced the
stock down Az points from the early high
level. The metal stocks were under bear
pressure, especially American Steel and
Wire. The bears circulated rumors that
difficulties had been encountered in the
projected listing of the stock on the Lon
don stock exchange. Continental Tobae-
co suffered from rumors of poor show
ing of earnings to be made in the annual
report which is expected tomorrow. The
Pacific stocks suffered especially from
bear pressure and realizing, and the
Changers were somewhat affected by the
forecasts of the Government crop report
which had bullish effect in the wheat
market. The signs of encouragement
on the part of the manipulators for the
advance, accentuated the reactionary
tendency as the day progressed and some
sharp net losses in railroad stocks are
the result. A further rise in sterling ex-
change to within a fraction of the gold
export point, led to discussion of the
prospect of a outward movement of gold.
The continued ease of money here would
favor such movement, but the taking
up of the installment of the, British loan.
which stiffened today's money market in
London may be followed by relaxation
in money rates there and a sympathetic
response in sterling exchange here.
The bond market was moderately ac-
tive and price changes were irregular.
Total sales (par value) $2,200,000
United States new As declined u and
the old As advanced as, and the SIS Il in
the bid price.
Total sales of stocks were 713, 200
shares, including Atchison, $50; Atchi- |
son, preferred, 2255O; Baltimore and
Ohio, S,070; Burlington, 6,275; Manhat-
tan, % ,925; Metropolitan. S,767; Chesa-
peake and Ohio, 1880; Missouri Pacific.
70 $50; NJ, X. and Texas, preferred, 49,
$50; Norfolk and Western, 21,757; North
ern Pacific, 1920; Pennsylvania, %, 800;
Reading, first preferred, $3.50 ST. Louis, !
Southwestern, preferred, 10000; St Paul, |
1850; Southern Pacific, 21,7S5; Texas and
Pacific, 16,900; Union Pacific, "a 800; Wa
bash, preferred, $500; Steel and Wire,
so, 275; American Tobacco 1860; Brook !
Ign Rapid Transit, $685.; Continental
Sugar, AZ, $50.