The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-19

New York Central had secured control of
Manhattan and would guarantee a divi-
dend of 6 per cent. This statement re-
ceived an emphatic denial from the
President of the New York Central 1t
will be seen that these influences form
the framework of the days very animated
and buoyant market. General Electric S
advance was an outgrowth of the sup
position that new control of Manhattan
would hasten it's electrical equipment.
The rise in the other Changers was pal
pably in symuathy with Burlington, St.
Paul hanging back. Missouri Pacific seem
cd to be marked IN In an endeavor to
revive the strength of the Southwesterns,
but the fnanoeuvre passed without eff
feet. number of specialties moved in
dependently, including Sugar, Tobacco,
Consolidated Gas. Peoples Gas and Amer
icah Snuff preferred. The New York,
Chicago and st. Louis stocks, Pacific Coast
second PREFERRED: Lake Erie and Western,
preferred. and Louisville and Nashville
were all cohspicuously strong The weak
ness Of the Coale re- was due to fears of q
miners strike. The gain in the princi-
pal steel stocks extended from to points
and they were held better THAN any other
There were sales of trust certificates for
the stocks deposited in assent to the plan
of merger and the prices of these in
some case varied over point both above
and below those Of the stocks There was
no explanation OF this Discrepancy. There
was some evidence of short interest in the
Steel stocks and the progress Of the
transfer for stocks in the new corporation
makes the present stocks scarce for de-
livery Northwestern, preferred, jumped
T. The taking of speculative pfohts
caused wide reactions at times but the
undertone continued strong to the close,
although last prices of many stocks were
rc+ably below the best. The railroad
bond market continued active, but was re-
dictionary in spots on profit taking. Total
sales par value $685. 900.
United States refundng advanced 1B on
the last CALL Total sales of stocks to-
day were 1.65j, 800 shares, including At
Gibson, 20 800; Atchison, preferred, $4,000;
Canada Southern, 5,400; Chesapeake and
Chic, 49, 700: Great Western, t0,700; Bur
lington. al, 900; Chicago, indianapolis and
St Louis, 10000 Rock Island, 76,100;
Colorado Southern, 1880; Delaware and
Hudson. 1900; Erie. $4,000; Eric, first
preferred, 32,1OO; Illinois Central, $500;
Louisville and Nashville, 44,200; Man
haitian, $780, Metropolitan, $500;
Mexican Central, 10, 200; Minneapolis and
St Louis, $500; New York Central, $500;
Norfolk and Western. $500; Northern Pa
cific 81 100; Northern Pacific, preferred,
6 800; Ontario and Western 10000; Penn
sylvania, IA, 700; Reading, 1880; Reading,
frsts, $4,000; Reading, seconds, $4,000;
st. Louis and San Francisco, 1900; St.
Louis Southwestern, 5000; st. Louis
Southwestern, preferred. 5,400; St. Paul,
"a AGO; Southern Pacific, $4,000; Southern
Railway, 27,400; Southern Railway pre-
ferred, 5000; Texas. and Pacific, 22,40O;
Union Pacific, $4,000; Wabash. $500;
Wabash, preferred, 8.100; Copper, 1880
Steel Hoop, 13,400; Steel and Wire,
9 800; Steel and Wire, preferred, $500;
Tin Plate, 5000; Tobacco. 10000; Brook
Ign, 60,9OO Continental Tobacco, 1900;
Federal Steel, $500; Federal Steel, pre-
ferred 26,200; National Steel, $500;
Peoples Gas, 41,300; Sugar, So,600 Ten
nessee Coal. 7,100.