The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-02
sEABoARD STOCKS AND BOMBS.


Htialtimorc, Feb. 80 eabe ard Air Line {, mmo,
| vxDi0: preferred 2lSsip24s.
| Bonds A. ~ 6lt9.
STOCKS AND BONDS.
| New York, Feb. 1.--Fluctua ions in the
stock market todov were rro-
| nounced in a number of cases and pro.
i,-ss~- $500 or~A.~so.a VIE .,--~~.~.,-. -
reviving bullish interest practically rs
! lney saw fit. They resorted to palpabla
manipulation at times in order TO acquire
ID fonowing and after successfully bid
ding up leading group. realized on their
holdings ard began anew in another
quarter AS a result the market dis
played ct one time or another pro-
nounced strength in every division. TIC
what extent if any. the public figured
in today's movements remains conjectur-
al. Reports Of combination Of various
properties continued TO be heard thereby
increasing interest in the minor rail-
roads which assumed considerable promi-
inence in the days dealings. Later in
the day report was current that Union
Pacific had secured control OF the South
crn Pacific Railroad. No official confirm
alton could be had of this statement, but
the fact that the market for Union Paci
ing Az points on transactions of 225, 900
shares. was sufficient in itself accord
ing. to the views of the traders as being
authoritative. IT was admitted that
leading interest in Southern Pacific had
sold out to a syndicate presumably rep
resentipg Union Pacific. The announce
ment coming on top of the varied re-
crts ABOUT impending dividends. extra
ordinary earnings, trade combinations and
sc on which were rife early in the day,
brew The market into excitement and
blocks of from 900 to 5000 shares chang
sd hands with as little hesitation as if
they were fractional lets. At the outset
the improvements in prices which grad
ually gained strength was assisted by the
higher range of prices from London.
Foreign houses bought early but sub
sequently unloaded about 100 900 shares
of Southern Pacific. That stock strength
ened somewhat after the London selling
had ceased and was practically about the
only issue which did not have bull fol-
lowing. During the general selling to-
ward the close i sagged TO 1874 compar
cd with 49h. the opening figure. factor
which was instrumental in advancing the
market today was the lack of any gold
engagements for tomorrow's steamer to
Europe. The market for sterling ex-
change was called easier this morning,
demand bills selling al 487M. Later they
hardened to 4SS and long bills advanced
TO 4S43s at which they closed. The fore
cast of tomorrow bank statement indi-
Gates Il gain in cash of 81. 800. 600, eXcu-
sive of the probable addition to this fig
ure by Government disbursements for
interests. the Sub-Treasury today having,
a debit balance of $1,346 $40 at the clear
ing house on this account. The gold eX-
ports this week of 81, 1884 900 were entire
~ Offset by the movement of money from
the interior, the net gain on this ac-
count being IS. 533.0 900. Recurring to the
stock market conspicuous features at
various times were Kansas and Texas
preferred, Tennessee Coal and Iron, At
Gibson and Louisville and Nashville, the
latter being strengthened by its excel
lent December earnings. Profit taking
became quite general in the late dealings
and material infoads we're made on the
high prices Of the day in some stocks.
On the other hand there were points of
renewed strength aud the market closed
very animated and irregular.
Important advances were made in many
prominent bonds today and exceptional
gains were made of six and half and
seven points respectively in Peoria and
Eastern incomes and Central Of Georgia
first incomes. The absorption of four per
cent bonds was enormous, causing unus-
ual activity IN iron Mountain tours, Wis
consin Central fours, San Antonio and
Arkansas Pass tours, and Southern Pa
citic tours. The aggregate transactions
footed up the exceptional figure of ST.
30. COO
United States 3's coupon declined a
per cent on the last call.
The total sales of stocks today were
1857 700 shares. including the following:
Atchison. 1890; htchison preferred. G1,
200; Baltimore and Ohio. 11,5f'; Chicago,
Great Western. $500; Chicago, Bnllins
ton and Quincy. 200 Chicago lndiaa
al oils and Louisville. 10000; CHICAGO. In
danapolis and Louisville, s,1aa; Chicago.
RocG Island ana Pacific. 22.200: Denver
aud Rio Grandc. 1909; Erie, 1900; Ere
nrs referred. 100; Louisville and
Nashville. 31.S00; Manhattan Elevated
2l,S00; Missouri Pacific. 29.S0e; Mobile ana
Ohio 7SG0; Missouri Kansas and rcXas
1860: Missouri. Kansas and Texas pc
ferrcd. $4,000: Norfolk and Western. -
600; Northern Pacific. 10000; New York.
Ontario and Western 1850 Pennsr .Vania
Railroad 600; Philadelphia and Reading.
1900; Philadelphia and Reading first
preferred. $500: philadeluhia and Read
ing second preferred. 300; st. Louis and
San Francisco. 1850; st. Louis and San
Francisco second preferred. 6,400; Chi
cago. Milwaukee and St. Paul, 36,SO0
Southern Pacific, 282.oG0; Southern Rail-
way 1880; Southern Railway preferred
10000: Texas and Pacific $4,000; Union
Pacific. 225S00; Union Pacific preferred.
1920; Wabash preferred, i1.100; Amer
lean Steel and Wire $500 National
Steel Tube, SIT; American Tobacco. g.