The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-14
STOCKS AND BONDS.

New York, April 13.-Todays stock
market was highly professional and I'M
der an active manipulation all through
the session. Brokers who have been ac-
tive for the bull leaders of the specula-
ton throughout the recent movembnf
were the largest buyers OF stocks and
their operations were especially con-
spicuous in Rock Island, American Sugar
and the Atchison stocks. Large buying
orders were in the market at the open
ing and caused general advances, in
which Rock Island, the Chicago Terminal
Transfer stocks, Peoples Gas ard Con-
solidated Gas were the leaders. Great
confidence was protested over the future
of the money market and the buying was
said to be in anticipation of a favorable
bank statement. The strength was very
general in the railroad list, Burlington
and Northern Pacific both moving up
wards. The United States Steel stocks
recovered from yesterdays depression.
Amalgamated Copper was active and
strong and Sugar was moved up 21a
points and Colorado Fuel and Iron an
extreme eight points. There was good
deal of selling on the advance and con-
siderable reaction had occurred when the
bank statement appeared. Rock Island
forged upwards after the publication,
touching 1861 and falling back over a
point and then recovering under manipu
lation to 156M before falling back again.
The stock closeds at 155% a net gain of
3a4 The high point was record price
for the stock under the present capitali-
cation. and the fact that the stock cross
ed St. Paul was also made the subject
of interested comment. The bank state
ment was interpreted as favorable, ow-
ing to the rise in the surplus, but the
decline in the reserves proved consider
ably larger, than anticipated and the
drastic loan contraction of $13, 484, 500 was
all that saved the surplus from further
depletion. The bulls eked out the effect
of the increase in the surplus by rumors
of measures to be taken by syndicate
borrowers for the further relief of the
money market and of further large offer
ings to be made to the Secretary of the
Treasury Government bonds figures which
ne would accept There was nevertheless
an active selling movement to take profits
on the advance, and the closing was ir-
regular and below the best all around.
Less attention has been paid to bonds
than to stock and their movement has
been irregular.
United States new As and old As cou-
pom advanced " and the As registered
and refunding IS VI per cent over the
closing call of last week
The total sales of stocks today were
T5a 400 shares including the following:
'Atchson, 25,50o; Atchison preferred, s.,
Geo. Burlington, 34,10O; Rock Island, &c.
500 Colorado Southern. 11,4O0; Delaware
and Hudson, 6.100; Erie 35,500; Louisville
and Nashville. 1880; Manhattan, 1900;
Metropolitan Street Railway, $500; Mis-
souri, Pacific, 500; New York Central
5,S0O; Northern Pacific, 3d. 100; Reading,
II, 700; Reading second preferred, $500;
st. Paul, 2i,700; Southern Pacific, $500;
Southern Railway, 1900; Texas and Pa
cifie, 1900; Union Pacific $4,000; Amalga-
mated Copper, 1900; American Tobacco
Is, 100: Anaconda Mining, 800; Brooklyn
Rapid Transit, 5000; Colorado Fuel and
Iron, IA, 100; Continental Tobacco, 10.500;
Peoples Gas, 6,100; Pressed Steel Car,
6.400; American Sugar, 38.400; United
States Steel. 40 800 United States Steel
preferred, 22,100.