The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-11-09

| stocks, the railroad list was distinctly
heavy throughout the day. Pennsylvania
was marked up at one time to 49, but
| it held there only momentarily. The price
remained above last nights level, but
was unable to get back to the top. Pa
cites and Southwesternns, as we'll as the
| stocks of railroads affiliated with Penn
| sylvania which were so conspicuous in
yesterdays upward movement, all suf
fered from realizing. In Missouri Pacific
| the net decline at the lowest was q point
and in Northern Pacific the extreme de-
| cline was rs. On the other hand, the
| mercurial specialties, which are always
| favorites with the spectators, rose buoy
| antly on enormous dealings. One or two
| of them had been below last night early
| in the day notably American Sugar,
which broke rs at the opening. The late
upward movement carried American Su
gar, Peoples Gas, Manhattan Elevated
| Brooklyn Rapid Transit. Metropolitan
Street Railway, Pacific Mail and American
Tobacco up from q to nearly six points
There was enormous buying of Northern
Pacific. 1t was explained today by dec
laration of an extra dividend of one per
cent on the common stock
The commission of this dividend in
August when the regular semi annual
dividend of one per cent was declared, was
considered a very ominous sign of the
prospect of curtailed earnings for rail-
roads. Today's action is accepted as
showing restored confidence in the main
tenance of the earning power of railroads,
but it did not save the stock from sharp
reaction on profit taking. The steel stocks
were irregular, Steel and Wire and
Pressed Steel Car showing reactions while
other members of the group were strong.
Money continued in abundant supply, and
sterling exchange rose further with the
demand for payments for the enormous
sales of stocks for London account.
The bond market continued active and
firm. Total sales (par valued $4,0S5,0OO.
United States SIS advanced p and all
other issues except the SIS "a per cent
On the last call
The total sales of stocks today were
1036.200 shares, including the following
Atchison q, ITO: Atchison preferred, 81,
459 Baltimore and Ohio, 1920; Canada
Southern, $500; Chesapeake and Ohio,
1850; Chicago, Burlington and Quincy,
II ,725; Chicago, Rock Island and Pacific. A.
O20 Big Four, S.615; Louisville and Nash
Vile, 1850: Manhattan Elevated, $1,000;
Metropolitan Street Railway, 14,250; New
York Central, $3.50; Northern Pacific, 49,,
37S; Norfolk and Western, g, 700; North
ern Pacific preferred, IL 500; New York,
Ontario and Western, $500; Pennsylvania
Railway, AZ 1872: Philadelphia and Reading
first preferred, II 100; Southern Pacific,
2S,650; Chicago, Milwaukee and st. Paul,
1886; Southern Railway, 1850; Southern
Railway preferred 5000; Texas and Pa
cific, $500; Union Pacific, 26,250; Union
Pacific preferred, $500; American Steel
Hoop, 1850; American Steel and Wire,
24,010; American Tin Plate, 9,597; Ameri-
can Tobacco, $3.50; Brooklyn Rapid Tran
sit, S4,160; Continental Tobacco. 1880;
Continental Tobacco preferred 5000; Fed
eral Steel, $50; Federal Steel preferred
ITO: National Steel, 900; Pacific Mail
1850; Peoples Gas Light and Coke Com
pany, 46,920; American Sugar, $4,000;
Tennessee Coal and Iron, 1,150; United
States Leather, 19,100; United States
Leather preferred, 5,195; Republic Iron
and Steel 1905.