The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-11-22


advances. But as an impression began
to be made on prices, the selling pressure
was relaxed, showing the careful nursing
process of the powerful speculative lead
ers who are at the head of the present
movement Buying was then diverted to
new points, and under cover of the nota-
bic advance thus achieved, the realizing
was resumed. The day closed with the
market somewhat overwhelmed with the
volume of realizing, although there were
some final rallies on short covering. But
last prices were near the lowest except
in the stocks that had been especially
strong. The Changers were foremost in
this list, Chicago, Milwaukee and st. Paul
leading with an extreme advance of three
and a half. Atchison common was very
heavily bought at an advance of two and
three eighths. Brooklyn Rapid Transit
and the other local fractions stocks,
Louisville and Nashville, and at one
time American Sugar and Peoples Gas
Light and Coke Company were also strong
points. The Northern Pacific stocks were
naturally prominent in the reactionary
tendency after yesterdays notable adj
vance, and Pennsylvania Railroad was also
quite weak. The Steel stocks yielded to
increasing pressure and closed the day
generally at net declines. The early
strength in Union Pacific the Denver and
Rio Grande stocks, and the st. Louis and
San Francisco stocks yielded to reaction
The International Paper and Bag and
Paper stocks were weak on talk of a
strong rival organization. The demonstra-
i've publication Of bullish interview by
the most prominent individual operator
in the street was made the occasion for
much of the profit taking. Money con-
tinued easy and the Sub-Treasury paid
out $1,6O0,O00 on account of assay office
characters, for gold deposited at Pacific
coast points from Australia.
The bond market showed well distribu-
ted strength on large volume of deal
ings. Total sales (par value) $3,S45, 900.
United States bonds were all unchanged
on last calls.
The total sales Of stocks today were
1928 500 shares, including the following
Atchison, 14S, 800; Atchison preferred, 49,
500; Baltimore and Ohio, 10,100; Chesa-
peake and Ohio, 16,4O0; Chicago, Bur-
lington and Quincy, 80, 200; Chicago Rock
Island and Pacific, q, 400; Denver and Rio
Grande, 100; Denver and Rio Grande
preferred, 300; Great Northern PREFER
ed, SIG; Illinois Central $500; Louis
vile and Nashville, 23500; Manhattan
Elevated, $1,000; Metropolitan Street
Railway, Is, 100; Missouri Pacific, 10 400;
New York Central, 29,SOO; Norfolk and
Western, 24,60O; Northern Pacific, 81 800;
Northern Pacific preferred, $1,000; New
York, Ontario and Western $500; Penn
sylvania Railroad, 19.400; Philadelphia
apd Reading first preferred, 23S00; st.
Louis and San Francisco, $780, St. Louis
and San Francisco second preferred, s.
GOO; Chicago, Milwaukee and st. Paul,
1920; Southern Pacific, $4,000; Southern
Railway, $500; Southern Railway pre-
ferred, 1910; Union Pacific, 120,100;
Union Pacific preferred, 11,1O0; Wheeling
and Lake Erie, 5000; American Smelling
and Refining, II, 800; American Steel Hoop,
5,400; American Steel and Wire, 35 400;
American Steel and Wire preferred, g.,
500; American Tin Plate, 9,100; American
Tobacco, 35,100; Brooklyn Rapid Transit,
$4,000; Colorado Fuel and Iron, 1880;
Continental Tobacco, 14,400; Continental
Tobacco preferred 5000; Federal Steel
$1,000; Federal Steel preferred, $500;
National Steel. $500; North American
Company, 20,900; Peoples Gas Light and
Coke Company, 35S00; American Sugar,
59S00; Tennessee Coal and Iron, 26,100;
United States Leather, 2S,200.