The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-22

number Of stocks were fairly buoyaht dii.
ring the day and others were mafkedIS
strong, tut the advances were not at
well held and there we're frequent reae-
tiohs after the recovery had set in. Bur-
lington was in demand from the shorts
and there was combined upward move.
mcnt at one time in the Changers. Pa
cifcs ard Southwesterns. Heavy real.
izing met this advance. The Fries were
the CONSPICUOUS feature Of the late
market and were lifted from 2'1 to
points. the latter the second preferred OF
enormous buying Recently current re-
ports of early dividend action were ali
revived. The movement in the Fries
kelped all the coolers. Sugar shot UP 81
points and PecCIe's Gas and Tobacco had
their periods of strength. The 1nterna-
tional Paper stocks we're very strong
rising 2A to Az fer the common and rFe-
ierfed. National Salt gained AZ and the
Preferred Z. The steel stocks were de-
cidedly cuict and moved narrowly, hut
recovered % some extent from early
heav'ness. Notwithstanding this quite
impressive showing OF strength, there
was no renewal of the howard movement
which affected the whole market at times
during the last few days. The weakness
ct Brooklyn Transit had a somewhat
unsettling effect and American Sniff,
preferred, broke Az.
That there was scme latent uneasi-
ness over the money outlook is shown by
the eager discussion CT the possibility
that the Sccretar. Of the Treasury Will
redeem Government bends and thus bene-
fit the money market. The possibility OF
war between European nations draws at
tenticn to the International Exchange
situation. Today's discount rates hard
ened in London again and Sterling Ex-
change here rose to a higher level, while
call loan rates ruled from 21S to per
cent
The railroad bond market continues
very active, many new issues coming in
to prominence today The price move
ment was irregular. Total sales par
value s., 255, 0Co. United States refunding
2s advanced "a and old As declined Is
per cent on the last call.
The total sales of stocks tcdey were
/ ,196, 100 shares, including Atchison, 23,S00;
Atchson, preferred, Il 200; Canada
Southern, $500; Chesapeake and Ohio,
6,10O Burlington, $4,000; Rock Island,
1890; Colorado Southern, 10000; Della
ware and Hudson, 6,4OO; Erie, 1880;
Erie, first preferred, 26,500; Illinois Cen
trail, 5000; Iowa Central, $4,000; Iowa
Central, preferred, $500; Louisville and
Nashville, $4,000; Manhattan, 2S600;
Metropolitan, 1880; Mexico Central, H.
400 Minneapolis and ST. Louis, $4,000;
Missouri Pacific, 22.300; NJ K. T. & T.,
preferred, Is, 500; New York Central g.
AGO. Norfolk and Western, $500; Northern
Pacific, Is, 700; Ontario and Western. TO-
20O Pennsylvania, 1850; Reading, 49,
500 Reading, first preferred, 1900;
Reading, second preferred 16,4O0; St.
Paul, 14,4O0; SGatrern Pacific, 1920;
Southern Railway $1,000; Texas and Pa
cific, 4o, 500; Union Pacific, $4,000; Wabash,
$500; Wabash, preferred, $4,000; Cop
per, II, 500; Shelters, 1000; Tobacco, 49,
400 Brooklyn Rapid Transit, 60,1OO; Fed
oral Steel, 6,400; international Payer,
$500; International Paper, preferred. IT,
zoo; Peoples Gas, 3,4oo; Sugar $4,000.