The news & observer., 1901-01-15

on the bull side in the Steel stocks. The
market closed in fact with some notable
advances scored in the Steel group, and
with renewed weakness among the rail
roads and Specialties, some of the lat
ter two classes selling al the lowest on
the last sales. There were points of
strength during the day in the railroad
list and amongst quite a number of the
stocks not usually conspicuous in the
trading. The Erie had a notable recov-
cry from early weakness, the first pre-
ferred getting 3S above Saturday. The
Southwestern group showed signs of
strength and ST. Louis and Southwestern
preferred got a point above Saturday at
ore time. Cleveland, c. c. and St. Louis
stocks rose and IA respectively for
the common and preferred. The National
Salt stocks gained 2 and 3-S respective
ly and National Lead preferred recovered
; points of its recent heavy decline. Amer
lean Tobacco was IL points over Sat-
urday al the highest. But these points
cf strength were the exceptions in the
market, although they had an effect in
r2llyng other stocks and in largely re-
ducips the average net losses. The mar
fet qove rnmistakable evidence of a de-
cline in the speculative furore and a
disposition to revise the more sanguine
estimates of the high prices already at
taned fer many stocks and those eX
oected fer others Disappointment was
'-eonly manifested among the holders of
s Fa"l over the failure of confirmation
o. h wany stories Of a lease to North
GIn r. njGr now pretty thoroughly dis
cr-- -' was forced at one
tinon - which was SIS below
~a'@raav aud closed with a net loss O
? IL TIE other Grangers were weak
rrrascrtlv in sympathy. Tho local trec-
icn stcc'rs reiarsed starrlv after the
$500. ~ov~mcrt Of SATURDAY.. aud Man
rfnon elcsed weak at the ,oweet aftor
mi'dav rally at net loss of 2 5-S
The Pacfcs were very irregularly sold,
hut Missouri Pacific showed good re-
ccvcry. At one time the majority Of the
active stocks in the list were from enc
to ever two points below Saturday. No
adnoiseiors could be secured from inter
rational banking houses of any completed
arrangements to ship gold but with ster-
ling exchange to advance reserves Of
money rapidly increasing at this cen re
and continued uneasiness over the fu-
ture in London, the conviction is general
iIdl q COBSiOSIdDit SuuI Vi IuOu6N VIII
go OFT end that the movement will be
naugurated On Wedne sday. There is no
feer that any scarcity of money here
win result but the movement creates
some inevitable disquiet among over-ex-
terded speculative interests
The railroad bond marFet was weak in
sympathy with stocks. Total sales (par
yaluel s2850.0C0
United States bonds were all unchanged
en- the lest call
The total sales OF socks TODAY were
1913, SEQ sharcs including the following:
Atchisop II 500; Atchison preferred. 49,
400 Baltimcre and Ohio. 10, 5So; Chicago
Great Western $4,000; Burlington. IT,
$40: Chicago, Rock Island and Pacific
16.2C0; c. c. G. and st. Louis $500 Del
aware ard Hudson, 52o0 Erie, 65 400
Erie first preferred 81 200 Louisville and
Nashville. 1880; Manhattan. 81 400: Met
ropolitan. $500 Missouri Pacific, 2600O;
Missouri. Kansas and Texas preferred
90. 100: New York Central, $500; Norfolk
and Western II 800: Northern Pacific
40 100; Ontario and Western 444o0:
Ponsvlvania. 5000; Reading, 80 400: Read
ing first preferred, t4.SC0: Reading second
rreferred, 1890: St Louis and San
Francisco, 7,2O0; St. Louis and Southwes-