The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-11-27
STOCKS AND BONDS.

New York, Nov. 2t.-Thc most striking
point in today's market was its duIlncss
compared with the recent level of activ-
ity. Neither the public nor the large OPP
orators seemed to be taking any part
IN the market and prices drifted rather
aimlessIy and hcsitatingly. The continued
weakness in some stocks, especially
American steel and Wire at the opening
was offset by the aggressive strength OF
others. Northern Pacific opened over a
point higher and extended the advance
later TO over two points. There was IN
dcDenGent strength shown at different
times by Union Pacific and by the South
ern Railway stocks, which lifted them one
TO one and Il half points each. There
seemed to be some mixing of the favor
able character OF the bank statement be
fore it's appearance on the tape.
The bear traders have circulated ru-
mors since Yesterday that some mySter-
ions influence was at work which would
spoiI the good features OF the statement.
shorts covered heavily in advance OF the
statement aud a general ally occurred
which lifted the whole market well over
last night, many stocks rising a point OF
more. The bears were much struck py
The failure of any large buying demand
10 develop with the easy money cohdl-
iions Indicated, and they put out 1reSh
short lines in the last few minutes OF the
trading. making the closing actlNe ana
weak. and near the lowest, except loi Cie
stocks where particular strength mao peelI
sho,rn The market at no time showed
he urgent liquidation when was lli9 le"-
t,,ro Yesterday. but new buying was
- lii, avon when the JbcllilC6l
onesiion became distinctly favorable. 80
Ga. ae the known movements OF money
chow tho hanks received less than nVe
wilton dollars this week. The increase
~ q ,29 800 shown by the statement IS
cur nosed 10 be due to some Spec1ai move
mont of cash from nearby cities In WHIch
. SINGLE bank has been concerned. inns
itnn figures more largely III the uepo9i.
! increase than did the loan expansion vi
q, CT coo therefore,, in spite OF Jht
swelling Of the reserve requirement. ~
naarIv 81 0G0. 900 the actual surplus !" III
creased by 81 zoos 800. -
An active business has been dohe III
bonds. but it has at no tune applo"oho
tho high record volume or ihe lh"lNO. -
January. 1899. Prices are Schel"ily ni0Hi
on ire week. United states Ne" " "t
,nad p tho refunding rs when issued
and old Is ~, and the % u W.
ruling call price of d week ago
The total sales of stocks TO-DAY "eae
~. 700 shares, including the 1o''o" ins
htchison -. 800; Atchison preferred -
600. Chicago. Rock island ana faci'o, -
ncn. louisville and Nashville, 2,5oo; Mali
b,tt,n Elevated. 11,300; Metropoil'ah
street Railway, 300; Missouri pacllfc, o.
| ooo. New York Central, lo'loV' -'ori
I'D Western. 5000; Pennsylvania 1taIl-
road 5000; Chicago, Milwaukee, ~ ~ 7oo
| Paul. 14,40O; Southern [dei,e, pai1.
ea,,thcrn Railway. 3o,1oo; Southern hana.
WAY ,-nion pI paeific preferred, 500; Am9 nha
. o AND Wire, 31.12O; Brooklyn fapa'
transit. 1880; Federal steer, np,'n1
Peoples Gas Light and Cohe .naricar
| 9 son. National Steel, $500; amer iu",
900, 90 zee. Tennessee Coal and Iron
: eoo. United states Leather '.no'
United states Rubber, 1'''oo'
| mated Copper, 1850