The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-15

recovery, although lew usually obscure
stocks showed aggressive strength, but
he fact was very evident that the urgent
pressure of speculative liquidation was
relaxed. The bears who sold yesterday
covered their contracts in consequence
This probably accounted in great part for
the show of firmness in the market The
bears have received too many severe les
sCrs in the last few months not to have
become rather tir1id, especially in the
face of the possibilities constantly limited
at of further important financial devel-
opmcnts. Uniform weakness yesterday in
the stocks generally included in the in
terests of the prominent fnancier who
has borne the most important part in the
recent consultations was followed to-
day by general support Of these stocks,
including Federal Steel the Fries. the
Readings, Northern Pacific and National
Tube. The sharp recovery in the Steel
stocks served as en- adm0nition TO those
who have counted upon a break in the
group. With the Steel merger hanging
oyer the market there was hesitation
AMI more or less apathy in the trading.
There was no sign of resumption of the
heavy buying by banking interests which
has so often been in evidence previous
to the recent consultations. Pere Mar
quette rose 63s, st. Louis and San Fran
DISCO 234 the second preferred ! 1S, Chi
cago Great Western preferred b ), and
a number of minor stocks q considerable
amount on persistent rumors Of CONSOLE
dation. I1ackawand rose an extreme 3H
and Delaware and Hudson 4 over lasr
night. General Electric was conspicuous
for an extreme advance Of Is points over
last night with a reaction of 3l2. Tho
local traction stocks, American Sugar and
American Tobacco were conspicuouslv
strong at times. and North American YVES
forced UP points. Atchison was lifted
above 81 None of these gains We're fully
held and the tone of the market was
rather heavy at the close and the volume
Of dealings very materially curtailed. A
number of new listed securities were
dealt in for the first time and each ad
vanced over the opening prices. Indica
ticIIs continue of a harder money market
Sterling exchange was lower in spite Of
the continued active demand for money
in London.
There was less doing in railroad bonds
and prices continued to move Irregular
~. Total sales (par value) $4,045,0 900.
United States new As and SIS adj
vanced IA per cent each on the last call.
The total sales of stocks today We're
$4,000 shares, including the following:
Atchison 73.100; Atchison preferred H.
500: Baltimore and Ohio $500; Chicago.
Great Western S,4O0: Chicago, Burling
ton and Quincy H. 100: Chicago Indian
apolis and Louisville 10000: Chicago,
Rock Island and Pacific 10,S00 Colo
RADIO Southern $500: Delaware and Hud-
son $500: Erie 1880; Erie first PREFER
Ell 10. 700: Louisville and Nashville $500;
Manhattan Elevated 10000; Methopoli-
tan Street Railway 5000: Missouri Pa
cific $500; Missouri, Kansas and Texas
preferred 1920; Norfolk and Western
10, 100; Northern Pacific 20,500 New
York, Ontario and Western 1880:
Pennsylvania Railroad 5000; Philadel-
phia and Reading 1900; Philadelphia
and Reading first preferred 1880: Phil
adelpha and Reading second preferred
10. 800; St Louis and San Francisco 81
100: ST Louis and San Francisco second
preferred II 700: St. Paul, 26900: South
ern Pacific 24.400; Southern Railway
500: Southern Railway preferred TO-
400; Texas and Pacific 5000; Union Paci-
fc $4,000: Union Pacific preferred 5000;
Wabash 3.400: Wabash preferred $500;
Wheeling and Lake Erie 5000: Wiscon-
sin Central 5000; Amalgamated Copper
800: American Smelling and Refining
25.o00: American Smelling and Refining
preferred 100: American Steel and
Wire cS.100; American Tin Plate 800;
N"erican Tobacco 1880: Anaconda
Mining Company 1900: Brooklyn Rapid
Transit 26.So0 Colorado Fuel and Iron
500; Continental Tobacco 1000; Fed
e~al steel 22.700; Federal Steel pre-
ferrcd 5000: General Electric $500; IN
ternational Paper 1000; North Ameri-
can 1S,400 Peoples Gas Light and Coke
CNn'rH~v S,l00: American Sugar Rein
ing $500.
BrNDS.
u. S. kefunding 2's10Ss \ Y. c., lists 10;
I. .. Ref. 2's cou. .1053s G. gen SIS. Y