The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-06
STOCKS AND BONDS.

New York. Sept. By contrast with
the recent dead level of apathy todays
trading in stocks seemed like positive
animation The aggregate of dealings
was considerably larger than for some
time past and the total was not made up
with an overwhelming preponderance OF
trading in one or two stocks. American
Sugar, Peoples Gas Light and Coke Com
pany, and Brooklyn Rapid Transit all
continued fairly prominent, but there was
a marked increase of interest in railroad
stocks. There was a peculiar irrsgularI-
ty of movement in the Specialties, Amerl-
can Sugar as rule moving up While Peo-
pies Gas Light and Coke Company was
going down and American Sugar reactlng
as PEOPLES Gas recovered. Both stocks
were largely dealt in both above and be-
low last nights level. There was early
strength in some of the Iron and Steel
stocks hut they sagged away in the
late dealings, seemingly under the APP
prehension that tomorrows trade reviews
might have something unfavorable to say.
The cause of the rise in the railroad
stocks was not very clear. but there wds
manifest accession of confidence on
the part of the bulls. Dealings were
largely professional, but there was buy
ing on large scale in numbe" of stocks,
individual transactions running up to two
thousand shares in some cases. Chicago,
Milwaukee and St. Paul. Union Pacific,
Chesapeake and Ohio ON talk of divi-
dend, Southern Pacific and Louisville and
Nashville were notably in demand. This
strength had its inception n London,
which center bought quite freely Of Vari-
Gus internationals. Buying by local oper-
ators was based in part on the expecta-
ton that the demand from London would
continue Sentiment at that center is
clearly much more cheerful. and uneasi-
ness over the money market seems TO be
much abated. TIE settlement of threat
ened English railroad strike, the BELIEF
that the war in South Africa is nearing
it's termination and a hopeful view of the
Chinese situation. all helped the English
market, and operators there Interpreted
the election in Vermont as favorable 10
higher prices. Chicago, Milwaukee and
ST. Paul's notable increase in earnings
for the fourth week in August attracted
buying here and there was large demand
for the other Granger stocks from Wes-
tern sources. said to be from the short
account and to be induced by the weekly
crop summary of the Weather Bureau
With the surplus reserves of New York
banks at over $27 O00. 600 with goll being
constantly received from Australia and
from the Klondike and with the demand
for money from the interior continuing
unusually light for the season. there Is
no immediate apprehension over the local
rcnney market. Fest prices were not
maintained and the market closed heavy
at only fractional net gain.
Business was better in bonds. but some
irregularity continued. Total sales (par
valued 1880
United States Old As and b's coupon ad~
vanced Il per cent. in the bid price.
The total sales of stocks today were
253, 900 shares. including the following:
Atchison, $3.50; Atchison, preferred. s.
$40; Baltimore and Ohio. $685. Chesa-
peake and Ohio. 20,940; Chicago. Mil
waukee and st. Paul, $751; Southern Pa
cifc, II ,455; Union Pacific, 1895; Amcri-
can Steel and Wire. S.2S5; American To-
bacco, II. 800: Brooklyn Rapid Transit,
Il, $50; Continental Tobacco, $40; Peo-
Plies Gas Light and Cc<e Company. 1881;
American Sugar 1855 United States
Leather, 1926; United States Rubber.
1000; Western Union. 512; Republic IRON
and Steel $50.