The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-13
there were considerable fluctuations il

prices. The market was extremely ir-
regular all day, recovering sharply from
the opening depression but yielding again
before the close, which was heavy in tone
and decidedly below the best, but with
considerable net gains remaining for
many important stocks. Operations were
of a highly manipulative character and
seemed TO have for their object to dis
courage the selling OF stocks. No very
aggressive efforts were apparent to at
tract renewed buying demand. Fluctua-
lions were by no means so violent or SO
feyerish as has been the rule OF late.
There were some wide advances among
high priced investment stocks and some
usually inactive stocks, Northwest, after
preliminary decline rising four points,
StlPaul preferred two and a half, General
Electric three and half, Consolidated
Gas six and a half, Brooklyn Union Gas
nine and a number of less prominent
stocks from two to three and half
points. Rumors continued conflicting re-
garding the status OF the Burlington deal.
The stocks extreme range was three and
three-auarters and it closed with q net
gair of a point Rock Island rose five
and a half from last nights price, and
closed with a net gain Of four and an
eighth The New York public utilities
were all strong, apparently en- account OF
the fixing of the date of adjournment by
the Legislatures The Coalers also became
strong, giving rise to q supposition that
the danger of a strike on the New Jer-
sew Central had been averted. The mar
ket developed very general strength af-
ter the opening weakness, which was
Tn Collinp fnP ,Nn1lu
account, the denials of peace negotiations
with the Beers and the hardening of the
money rate in London serving to depress
that market. The recovery here seemed
to be closely connected with the more
cheerful feeling regarding the money out
look. This was not reflected in the money
rate itself until most CT the days re-
Guirements had been met when belateq
lenders made considerable concessions 10
the rate of interest. After the close OF
business on the stock exchange, announce
ment was made from Washington thai
the Secretary of the Treasury had pur-
chased 81 ,000. 600 of Government bonds IN
this market. This, with the calling OF
loans by the banks, if it has resulted
in the reduction of the loan averages, vii
therefore have the effect of making q
much less unfavorable bank statement
than was apprehended.
The heaviness of the United States
steel stocks was a disappointment to the
SPECTATORS, as they are basing hopes OF
measures of protection against money
stringency by large financial interests on
the supposition that it is designed to sup
port the prices of these stocks. The price
movement of bonds was irregular. Total
sales (par value) $2,955, goo.
United States bonds were all unchanged
on the last call.
The total sales of stocks today were
/ SIG, 500 shares, including the following
Atchison, 1900; Atchison preferred, l5,-
500: Baltimore and Ohio 6,100; Chicago
Great Western. 5000; Chicago, Burling-
ton and Quincy, 79,100; Northwestern, g.
000 Chicago, Rock Island and Pacific
90 200; Colorado Southern, $500; Delaware
and Hudson %, 500; Delaware, Lackawan.
ma and Western, 5, 7o0; Erie, 36,500; Erie
first preferred 400; Louisville and Nash
willie, $500; Manhattan Elevated, 1900
METROPOLITAN Street Railway, 26,600; Mex
lean Central 5000; Missouri Pacific, s.,
300 Missouri, Kansas ard Texas pre-.
ferred. 1850; New York Central, $500
Norfolk and Western, $500; Northern Pa.
eiic, 6290C; Northern Pacific preferred
t8 100: New York, Ontario and Western
ACC; Pennsylvania Railroad, 1920
Philadelphia and Reading, 26,500; Phila
dolphin and Reading first preferred, l3
go: Philadelphia and Reading second pre-
fe1red, 10 900; Chicago, Milwaukee and St
paul 30 100 Southern Pacific, 49, 100
Southern Railway T. 600; Texas and Pa
cific, 10, 800; Union Pacific, 123,3OO
wabash referred. 1o,200; Anlalgamate'
Copper, 109. 40O American Smelling an
Refining, 11,1O0: American Tobacco, Is,
| 500; Anaconda Mining Company, 27,SOO
Brooklyn Rapid Transit, 23,400; Continen
| tai Tobacco, $500; Peoples Gas Light an
| Coke Company, II ,7G0; Pressed Steel Car
| 100; American Sugar 22,200; Tennessee
| Coal and Iron. 800; United States Stee
Corporation, 97,100 United States Stee
| Corporation preferred, 1890.