The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-11-17

ant exception to the upward course Vi
prices, and among the stocks OF ran
roads all through the South and West, in
GLIDING the trans continental lines, the
strength was astonishingly uniform.
There was scarcely a railroad stock trad
ed in within those limits that did not
gain at least a point. Not few rose
two points or over, while the Chicago,
Burlington and Quincy, and Atchison, pre-
ferred, gained respectively three and five
eighths and four points Soft coal roads
also made good show of strength. The
preferred stocks of the re organized rail-
roads were evidently the favorites in the
speculation from the way one after the
other of them was brought forward into
the trading. Those with prospect OF in
creased dividends, and those already re-
ceiving their full dividend rights seemed
to be in equal favor. The iron and steel
stocks were notably strong and in Colo
RADIO Iron and Fuel the gain was four and
n half in Tennessee Coal and Iron three
and three quarters, and in American
Steel Hoop, preferred, three and half.
Others of the group gained two points or
upwards The local traction stocks and
the high priced Industrials were strong
but were not conspicuous. General Elec-
trio got up another six and half points,
Consolidated Gas as much, Brooklyn
Union Gas four and quarter, while New
York Air Brake made one of its character
istic sky rocket flights of 20 points
relapsing half that amount. The growing
strength of the market was evidently due
TO the determined buying of the CLASS
which held aloof from the excited trad
ing after the election. confident that
reaction must come which would leave
the market healthier, even though at
higher prices. A number of favorable
circumstances also converged in the day
news. Advance sheets of the trade re-
views for the week expressed so roseate
q view of the outlook for general trade
as to stimulate speculative sentiment
quite notably. Forecasts Of the bank
statement were accepted with reserve,
owing to the complications which have
confused the significance of recent state
ments, but gain in cash reserve is con-
fldently looked for and the continued
tendency towards lower rates for money
which made the maximum rate today for
call loans four per cent, falling IN the
late dealings to three and a half per
cent, relieved all apprehension over the
money outlook Profits on the days ad-
vances were attractive enough to induce
some selling toward the close, but the
effect upon prices was slight and the
closing was active and steady.
The substantial character of the buy
ing was even more manifest in the bond
market than in the stock market, high
grade bonds coming into additional ia
vor. Prices are very generally higher
Total sales (par value) $S,920,000.
United States bonds were unchanged
on last calls.
The total sales of stocks today were
1 ,226 500 shares, including the following;
Atchison 70 500; Atchison, preferred,
123, 700: Baltimore and Ohio, $500; Ches-
apeake and Ohio, 200; Chicago, Burling-
ton and Quincy, $4,000; Chicago, Rock
Island and Pacific, 10000; Denver and
Rio Grande, preferred, S,40O; Great North
ern. preferred, $500; Louisville and
Nashville, 9,100; Manhattan Elevated,
90, 900 Missouri Pacific, 1900; Missouri,
Kansas and Texas. preferred, $500; New
York Central, $500; Norfolk and western,
II, S00 Northern Pacific, $1,000; Northern
Pacific, preferred 1880; New York, On
tario and Western, 1900; Pennsylvania
Railroad, 10000; Philadelphia and Read
| ing, first preferred, 2O,700; ST. Louis and
San Francisco, $500; St. Louis and San
Francisco, second preferred, $500; st.
Louis and Southwestern, preferred $500;
| Chicago, Milwaukee and st. Paul, $4,000;
Southern Pacific $4,000; Southern Rail-
way. "A 900; Southern Railway, preferred
| 20. 500: Texas and Pacific, 1850; Union
Pacific. 63, 500; Union Pacific, preferred
| 81 800; Wheeling and Lake Erie, $500;
| American Smelling and Refining, 14SOO;
| American Smelling and Refining, prefer
red. 5000 American Steel and Wire
%, 500; American Tin Plate, 1000; Amerl'
can Tobacco, 205O0; Anaconda Mining
| Company, 1900; Brooklyn Rapid Transit
Is, 400: Colorado Fuel and Iron $500; Con
tinental Tobacco, 224O0; Federal Steel
81 400; Federal Steel, preferred 5,95o
General Electric, $500; National Steel
$500; Peoples Gas Light and Coke Com
pany, 246O0; American Sugar $1,000
Tennessee Coal and Iron, 27,600; United
States Leather, $4,000.