The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-27

tion while Steel and Wire was sufferer
But 1t was evident that the insiders, who
have had time for mature calculation had
done their buying, while the outsiders
were not inclined to jump to conclusions
in so vast problem. AS all OF the
stocks got from par to 12o per cent of the
new securities in the exchange. with ad-
dItionai benefits in some cases, 1t is clear
that ON a basis of equal value for the
properties concerned. the new stocks
should sell lower than the average
prices of the present stocks OF the pre-
fefred stocks concerned in the consolida-
ton the highest priced Is National Tube,
which sold last night at 1906 While the
lowest is American Hoop which sold last
night at S3ts. OF the common stocks
the highest is Tin Plate which sold last
night at 90. and the lowest is American
Hoop. which sold at 80. There was much
calculation over the probable price of the
new securities, but so far ar known there
were no dealings ''when issued. There
were a few railroad stocks which were
notably strong. In view of the greater
Importance of the dealings In the Steel
stocks and their need of support the as
sumption is not a violent one that pur-
pose to sustain the general market had
something to do with the advance in some
railroad stocks. St Paul was the most
notable example Of strength rising at one
time ia points over last night. The
Southern Railroad stocks Missouri Pacific
and the PacifcS and Western Railroad
stock generally gave evidence of firm
ness. Yesterdays strength In the To-
tacco stocks continued. American To-
bacco rising 5. OF the Steel stocks Steel
and Wire was most under pressure drop
ping at the last ~ below last night,
after being vigorously supported about
A. Tin Plate got back to last Thursdays
closing level but rallied point. show
ing a net loss Of four. National Tube is
81 lower and the preferred lower than
last night. Federal Steel losses "a.
American Hoop, Tin Plate and the Ma
ton Steel stocks are the only ones that
do not show losses
Railroad bonds tended lower in SYM
patty with stocks. Total sales (par yalue)
So $40 900.
United States new As advanced Is per
cent on the last call.
The total sales of stocks today were
1.112.60O shares. including the following:
AIcnlSO0, zZ,UUU. AlCHlSOil plcIClISh' -
600; Burlington, q, 100; Rock Island, 49,
700; Erie, $500; Manhattan 10000; Metro
politan Street Railway 1000; Missouri
Pacific, 5000 Missouri Kansas and Texas
preferred, 10 100; New York Central, D.
200; Northern Pacic, 20, 400; Pennsylvania,
5000; Reading. second preferred 5000;
st. Louis and San Francisco. second pre-
ferred, 5000; st. Paul, 9S,600; Southern
Pacific, $500; Southern Railway, $500;
Southern Railway, preferred, 1900;
Union Pacifis. $4,000; Wabash. preferred,
300; National Tube. 1900: American
Smelling and Refining, $4,000; American
Smelling and Refining preferred. $4,000;
Ameican Steel Hoop. 73,200 American
Steel Hoop, Preferred. 1900; American
steel and Wire. 173, 500; American Steel
and Wire, preferred. 300; American Tin
Plate, II. 200; American Tin Plate, pre-
ferred. S4,100 American Tobacco, $4,000;
Brooklyn Rapid Transit. 21,700: Colorado
Fuel and Iron. 7,400; Continental Tobacco.
64OO Federal Steel. $4,000; Federal
Steel, preferred $4,000; National Steel,
27,1O0 Tennessee Coal and Iron, $4,000