The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-06-01
STOCKS AND BONDS.


increased, giving the market a good
deal the appearance again that it offer
ed during the boom period. The
strength became very general during
the progress of the day, but the effect
was in part sympathetic and flowed
from the conspicuous strength of a few
prominent stocks The current con-
lecture in the street pointed to con-
clusion that the movement of the prln-
cipal stocks was due to operations by
the Hartman Rockefeller Gould Gle
ment and that of the Pennsylvania
Railroad in retaliation. The advances
scored in the London market during
the holiday yesterday and before trad
ing was commenced here today, gave
the market good start at the opening
and there were many gains ranging
between one and two points. After
the preliminary reaction, due to the
selling to take profits by the buyers
Of Wednesday, Atchison moved very
aggressively upward ON an absorption
l-of thousand share lots. During the
rest of the day there were successive
| developments of similar movements i'll
| other stocks notably Pennsylvania,
| Union Pacific, Southern Pacific, Mis-
| souri, Pacific and the Southern Railway
| stocks The buying of Atchison came
| from many sources, apparently in an
| effort to disguise its origin, but the
prevalent opinion was that large part
Of it was for Philadelphia account and
| in the interest of the Pennsylvania
Railroad. A large speculative pool was
also active in the stock and helped alons
the advance by manipulation. The
buying in the Southern Railway was
attributed to the same source and con-
fident predictions were heard that an
nouncements would soon be made Of
Pennsylvania control in the company
The advance in Atchison reached Is
in the preferred 25s Pennsylvania 3h
and Southern Railway 8 3-S as a result
of this buying The movement in I'm
ion Pacific Missouri Pacific, Southern
Pacific and the Southwestern generally
was almost equally impressive, Union
Pacific rising an extreme 4B, Kansas
and Texas preferred 3B and Missouri
Pacific > IA.
The street was full Of well-defineu
rumors that a settlement had been
agreed upon between the contending
interests in Northern Pacific which
lions in the railroad world than at pres
ent This was the underlying cause of
the strength in the market, but the
railroads in the Southern region re.
| sponded much more notably than those
in the Northern region. New York Cen
| trail rose %, and Baltimore and Ohio
| 2 Ia apparently in sympathy with
| Pennsylvania. The so-called greater
Missouri Pacific proect retained it's full
| forces as factor. The decided
strength of the United States Steel
stocks also had a considerable influence.
There was talk of an early dividend
on the common stock. 1t advanced ga,
and the preferred 25s Amalgamated
Copper rose nearly four points in spite
Of the reported formation of an oppo-
sition corporation. The combination OF
the opposition was said to be prelim-
nary to it's absorption by the Amalga-
mated Company. The stock reacted
later and closed with net gain of less
than points. There We're gains of
from two to four and a half in num-
Der of other industrials. Evansville
and Terra Haute rose 7R, Des MONIES
and Fort Dodge Az and Twin City
Rapid Transit 31a. Preliminary esti-
mates of the bank statement indicates
that the inflow of cash from the in
terror has more than offset the losses by
the banks to the Sub-Treasury, which
include the payments to the assay Of
flee for the gold bars exported. The
market closed active and strong at a
rally from late reaction and with
many stocks at the top.
Bonds shared in the strength of the
stock market and moderate volume of
dealings Total sales (par value) 81
215,000.
United States refunding rs advanced
IA per cent on the last call.
The total sales of stocks today were
,423, 400 shares. including the following:
Atchison sc, 400; Atchison preferred 3d.
500; Baltimore and hio $1,000; Chesa-
peake and Ohio $500; Chicago, Indiana
polls and Louisville 640O; Colorado
Southern II 100; Erie 43SOO; Erie first
preferred $500: Louisville and Nash
vile $4,000; Manhattan Elevated 1880;
Missouri Pacific 1880; Missouri, Kan
sas and Texas preferred 800; New
York Central %, 800: Norfolk and West
ern 5. gO0 New York, Ontario and West
ern Is ,900 Pennsylvania Railroad A.
800: Philadelphia and Reading 1900;
Philadelphia and Reading first pre-
ferred $500; Chicago, Milwaukee and
ST. Paul 1850; Southern Pacific 14S,SG0;
Southern Railway 100, 200; Southern
Railway preferred 1900; Texas and
Pacific $500; Union Pacific 134,200; Union
Pacific preferred 10000; Wabash 29,S00;
Wabash preferred 1880; Amalgamatao
Copper SO, 900 American Car and Foun-
dry 1909; American Smelling and Re.
fining 5000; American Tobacco 1890;
Anaconda Mining Company $500;
Brooklyn Rapid Transit 10000; Consoli-
dated Gas S4O0; Continental Tobacco
IS, 700; Peoples Gas Light and Coke
Company 25,10O; United States Leather
Il, 800; United States Leather preferred
1900; American Sugar Refining 10, 100;
United States Steel Corporation 1885,
100; United States Steel Corporation
preferred .53,8O0; Western Union Tele-
graph 10000.
BONDS.
us Ref. 2's reg. 1904 N. Y. C. lists. ...1oS
S. s. Ref 2's cou 1864 M e. gen. 5's..132H
u. S. 2's reg. -. No. Pac. 3's...... 7155
U, SIS reg ......109 4s...........1O5}5
coup ......1O9 N,Y.C&St. Las 10Y
U. s. new 4'srea 1881 N. &. W.con. As 1917
/" coup 49, 1887 Ore Nav. lists 100