The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-31
Then Why not Work foy Us.

which rose an extreme "a. there were
general recoveries, st. Paul and other
leading stocks rising above last night. The
fact that the buying Of Rock Island was
by brokers identical with the support in
Steel and Wire aroused some dstrust
Of the movement, and subsequent adj
vances in special stocks were not notably
responded to in the general list.
st. Paul sold off later to 1872, and
closed with a net loss of point Southern
Pacific suffered from heavy realizing on
the statement of December net earnings
showing the extraordinary increase of
1852. 139 over December of last year. Mo-
bile and Ohio continued to advance ris-
ing is on top of yesterdays gain of 512.
No authentic information could be secured
during trading hours as to the source OF
this buying but il was made the occasion
by spectators for advancing the stocks
Of various railroads which might be bene-
fitted by securing the control, including
Southern Railway, Louisville, Chicago and
Alton and Kansas City, Southern. The
control of the road is at present vested
in the bondholders through a voting trust
and it is said that no controlling interest
in the stock is held by any one party
Later N the day the Steel stocks ware
marked up vigorously after resisting de-
cline all day. The rise in Steel anG Wire
from the lowest reached 3ss; in the e
fcrred "a and in Federal Steel rs. There
were gains Of to " by some other men,
bers of the group The engagements of
gold for export by tomorrow steamer
make a total of $2250,0 which is con-
siderably less than the preliminary esti-
mate. But sterling exchange here adj
vanced further today as it did in Paris
and it is evident that gold movement
from here TO London is imminent 1t
seems hardly probable that the bank rate
will pe reduced tomorrow. An additional
reserve of gold in London would be de-
sirable in preparation for the placing of
the coming war loan there.
Prices of bonds were well sustained to-
day on good absorption. Total sales
(par value) $3.50 900.
United States bonds were all unchanged
on the last call.
The total sales of stocks today were
,060. 100 shares. including the following;
Atchson, 4e, POO; Atchison preferred, %
300 Chicago, Great Western, $500; CHI
cago, Burlington and Quincy. 49, 600 Chi
cago, Rock Island and Pacific 1903 100
Erie, 22,600; Erie first preferred 5000;
Louisville and Nashville, 10 200; Manhat-
tan Elevated. 1900; Missouri Pacific 20
S00 Mobile and Ohio $4,000; Missouri,
Kansas and Texas. TO- 500; Missouri, Kan
sas and Texas preferred, 10000; New
York Central, 1900; Norfolk and Western
0,600; Northern Pacific, $500: New
York. Ontario and Western, 1000: Penn
sylvania Railroad 10, 600; Philadelphia
and Reading first preferred, 5,100 Phil
adelphia and Reading second preferred,
1900; Chicago, Milwaukee and st. Paul
80 800; Southern Pacific, II, 700 Southern
Railway, $1,000; Southern Railway pre-
ferred 5000; Union Pacific, 22300
Wabash preferred, 1000: American Smelt-
ing and Refining. 20 700; American Steel
and Wire, 40 200 American Tobacco, 81.
500 Brooklyn Rapid Transit %, 800; CCh-
tinental Tobacco, $4,000; Federal Steel,
20100; Peoples Gas, $500; American Sn-
gar, $500.