The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-11-27
were finally driven to cover.

Rumors of the Cars death, Of threat
enng complications in China and of in
ternational friction growing out of the
Kruger demonstration in France did not
aid the bears much in forcing lower
prices. London was a large buyer in
this market, sales to that account being
estimated at 80, 600 shares. The Southern
Railway stocks were in special demand.
Many rumors were current of develop
ments in the company including an al
legged lease to the Pennsylvania and a
coming increase of dividend. No authori-
tative sanction could be had for any Of
these rumors.s The common and preferred
stocks advanced an extreme three points
each Strength was radiated first to the
Southern group and then to the South
western. in which some striking gains
were recorded. Both the preferred stocks
on which dividends are paid or are earned,
and the low priced common stocks for
which dividend prospects are remote at
the best, were affected alike. These
stocks held a prominent place in the adj
vance. Gains in the group ran from one
to nearly three points. The more north
erly Changers came into the movement,
especially Chicago, Burlington and Quincy
but did not show such marked strength.
The leading Specialties were very strong,
including American Sugar and Peoples
Gas Light and Coke Company. The local
reactions showed a good recovery and Con-
soldated Gas was conspicuous with a
rise of four and a quarter points. The
Steel stocks were decidedly unsettled,
American Steel and Wire showing acute
weakness at times Reports were current
Of serious controversies between the great
combinations in the trade. Amalgamated
Copper gave way on account OF the
meagre details of the conditions and re-
sources of the company contained in the
statement to the stock exchange to Sc
cure admission of the stock to the I'M
listed department. The crop in this stock
and a disposition to realize made the
tone of the closing unsettled and prices
we're below the best, but the gains in
the railroads were we'll maintained
Money continued easy here and hardened
in London, resulting in higher rates for
sterling exchange. There was very large
buying of ST. Louis and Southwestern
bonds The bond market otherwise was
strong and quite active. Total sales (par
value) $4,130,000.
United States refunding 2's, when is
sued, and SIS advanced a and the 3's y
per cent on the last call.
The total sales of stocks today were
904 200 shares, including the following:
Atchison, $4,000; Atchison preferred, 35,-
200: Baltimore and Ohio. $500; Chesa-
peake and Ohio, q, 300; Chicago, Burling
ton and Quincy, 10000; Colorado South
ern, $500; Louisville and Nashville, 20,
500; Manhattan Elevated, %, 900; Missouri
Pacific, SO, 700; Missouri, Kansas and
Texas preferred, $500; New York Central
5000: Norfolk and Western, $500; North
ern Pacific, $4,000; Northern Pacific pre-
ferred, $500; Pennsylvania Railroad, TO-
200; Philadelphia and Reading first pre-
ferred $500; st. Louis and San Fran
cisco. 6,100; St. Louis and San Francisco
second preferred, 5,400; ST. Louis and
Southwestern, $500; st. Louis and South
western preferred, 81, 400; Chicago, Mil
waukee and st. Paul, 25,600; Southern
Pacific, 15 1907 Southern Railway, 16S 200:
Southern Railway preferred, 4O,S00; Texas
and Pacific. 1000; Union Pacific "a 200:
Union Pacific preferred, 1900; American
Smelling and Refining, $500; American
Tin Plate, 10000; American Tobacco, g.,
400; Continental Tobacco, 1000; Federal
Steel, 1890; Peoples Gas Light and
Coke Company, 19, 900; American Sugar,
81 800; Tennessee Coal and Iron, 5000.