The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-12
STOCKS AND BONDS.

notable decline in the volume of dealing:
active stocks were those under pressure
with the exception of Union Pacific, whicl
was bought with persistency on RISING
scale The market was agan character
lied by the wide movement in yer.
large number of unimportant stocks which
are seldim prominent in the dealings AM
which sometimes do not appear in thu
record Of transactions for weeks at
time. In this class some of those re
Gently brought forward into prominence
continued active at further advances
while O hers met profit taking and again
turned back. Among those newly active
were Des Moines and Fort Dodge, whicf
rose three and half points, Pere ant
Marquette, 21s; Wisconsin Central, ~
Wisconsin Central preferred. BE-: Mobile
anil Ohio. 15s. Chicago and Eastern llli-
MOS was conspicuous for violent rise
Of 6A, the preferred rising 4. and rally
ing Evansville and Terre Haute, "a, af-
ter decline of a point Stocks in this
class were only prominent. however, rel
ativcly speaking, by contrast with their
usual obscurity. TIE movement in the
general list was extremely confused all
day. and the greater part of the days
business in the standard railroad stocks
was done below Saturdays level. London
sent lower prices for the internationaIs
to start with. and there was verv heavy
selling of Atchison and at one time alsc
of Union Pacific. strong rally in the
latter stock and an advance in Atchison
to ~ brought the market generally to
*, hh1 rf hn dos mir oaif Ip NxF1e
lifted two points over Saturday and the
preferred 49, Pennsylvania was the only
other active trading stock among the
Standard Railroads that rose as much
as point over Saturday and in fact
no railroad stock of importnce fell as
much as a point below Saturday at any
time thus indicating the general slug
gishness of the market. The Specialties
did better. Sugar rising at one time
points and PEOPLES Gas 25s, the latter Oh
the good financial showing made in the
annual report Pacific Mail rose 215,
and International Paper 2%. Western
Union was advanced 70 on dealings at
tributed 10 pool. The Steel stocks
shared in the sluggishness of the general
market and only the preferred stocks of
any Of the companies sold as a point
above Saturday. They were as a rule
firmly held. Spectators have accepted
the reported merger as a fact, and await
the financial terms Of the deal for a
further judgment of its benefits. The
speculative enthusiasm over the advan-
tages of the proposed deal has come to
be somewhat tempered with the convc-
tion that the steel trade would be much
worse off falling the deal than it has
been. A rather disagreeable impression
TO spectators on the steel deal was
created by today's slump in the Smelt-
ing stocks, Offering an example of the
possibility of obstacles to great consoli-
daFion plans. even when far advanced
toward completion, and of the democrat
izlng effect on prices of a hitch in the
plan. American Smelling and Refining
common fell an extreme 81 under very
heavy offerings, and the preferred 4.
The rallies We're fitful and feverish, the
common stock closing with a net loss
OF ~. The money market condition dis
,.6scd by Saturdays bank statement had
! decreasing influence, which was ag-
sravated by the Sub-Treasury's large sub
traction from the market on account of
Saturdays Central Pacific payment to
start The week with
The hardening of the London market
again turned exchange in all the great
;fatres. including New York, in favor
e I crdon. The failure of the important
bank OF Germany to reduce the dis
count rate was obviously due to the fear
that London WOULD draw gold. and the
Berlin advices 10 the Associated Press
re- crting that London exchange there is
..
hat god may go from New York again
cn he triangular operation.
The bond market continued active, but
theie were some important reactions on
rol!t taking. The total sales (par value)
were S. 80 600.
United States IS and new As advanced
v rer cent on the last call.
The total sales of stocks today wer"
/ .012, 100 shares. including the follonir g
Atchison $500; Atchison prefarre.!
20 Goo Baltimore and Ohio 6.100; hi
cago, Burlington and Quincy 5000 Eli
cago. indianapolis and Louisville 1850.
Chicago, East Illinois 800: Chicago,
Rock Island and Pacific 100; Colorado
Southern 1890; Colorado Southern first
preferred 100; Erie 10,100; Erie first
preferred 9 300: Louisville and Nashville
{. 600; Mexican Central 20, 500; Missouri
Kansas ana Texas. $500; Missouri, Kan
sas and Texas preferred $500; Northern
Pacific 1900 New York. Ontario anu
Western 10.5500; Reading 5.400: Reading
first PREFER ed $500; St. Louis and San
Francisco 1900: st. Louis and South
western $500; st. Louis and south
western preferred $500; ST. Paul 1900;
Southern Pacific 10000; Southern Rail-
way Il. 800: Southern Railway prefei reo
!. 100: Texas and Pacific 1920; Union Ia
cific 96. 700: Union Pacific preferred H.
800; Wabash 10S00 Wabash prefefrNc
IA. 600: Wheeling and Lake Erie I'p9"'
Wheeling and Lake Erie preferred ''zoo
Wisconsin Central 400; Amalgamate'
Copper $500; American Smelling ane
Refining $500: American Smelling ah'
Refining preferred 1900: American Slee
and Wire 24,100; American steel ;ne
Wire preferred 1900: American III
Plate Y, 300 American Tobacco guy
Brooklin Rapid Transit 500; Fedora
steel 1880: Federal Steel preferfee
9.100; international Paper 1000: People
Gas Light and Coke Company lI.o00