The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-01
Then Why not Work for Us.

were, however about the only ones that
closed at the highest. The central fig
ure in the days market was Southern
! Pacific The pool which has been abb
| sorbing this stock for some time past
| apparently succeeded in clearing the
| field of large part Of the waiting or
ders to sell which hung over the stock
! and accomplished tardy advance IN
| the price. The dealings in the stock
were on an enormous scale and the eX-
| IRENE advance was 3-S. The fact that
| this advance carried the stock across
Atchison seemed to arouse the emula-
| ton of dne friends of that stock and
they pushed it vigorously upward an
extreme 2h. through very heavy OFFER
ings. The PacificS generally sympathiZ-
ed The announcement of the plan for
the absorption of Mobile and Ohio by
the Southern Railway Company caused
Il Jump in the former stock of S1s on
comporatively light transactions, as
the companys capital issue is small
one Mobile and Ohio development set
the spectators upon search Tor Sc
cllritieS of minor railroad companies
which would be in any way available
as feeders or connections for the great
railroad systems of the country, in the
operation OF the policy for extension OF
interest The roads having Morgan az
citations were prominent in TINS CON
nection Chicago. indianapolis and
Louisville rose six and the preferred
ten points. There We're gains of from
one to three points in the Chicago,
Great Western, Cleveland G. G. and
st. Louis stocks. the Iowa Central.
Des Moines and Fort Dodge, st. JOS
eph and Grand Island first preferred
and the wisconsin Centrals. None OF
these gains were fully maintained.
Yesterdays strength in the Steel stocks
continued at the opening, but was not
maintained during the day. There was
more or less realizing in evidence,
among stocks which have had their pre-
Nious rise this week and the market
continued irregular all day. Today's
ub-Treasury statements reflects the
payments for the gold withdrawn for
today's shipments and makes the net
loss by the banks to the Government
institution for the week thus far 81
$50, 900. The movement of currency for
the interior is reported lighter than last
week. so that no such favorable bank
statement as that of last week is eX-
pected. The money market however
continues extremely easy Sterling
exchange lowered near the point today
which would yield profit on ship
ment of GOLD to London. Demand sterl-
ing was sold at So, if it rises above that
tomorrow, ii is the general opinion that
gold will 60 to London on Saturday.
The statement of the Bank of England
today shows that institution has con-
tinued to borrow from the market, even
while meeting demands from the mar
ket for loans. Its failure to reduce the
discount rate therefore indicates pur-
pose to draw gold from New York to
London if possible.
Business in railroad bonds continued
large, the Central of Georgia and South
ern Pacific issues being prominent. To-
tai sales (par value) $5,225,0OO.
United States SIS coupon and new As
advanced IA per cent on the last call.
The total sales Of stocks today were l.
07S, 100 shares, including the following
Atchison, 65, 800; Atchison preferred, 34,-
300; Baltimore and Ohio, $500; Chesa-
peake and Ohio. 500; Chicago, Great
Western, 1o, 700 Chicago, Burlington and
Quincy, 1880; Chicago, indianapolis and
Louisville, $4,000; Chicago, Indianapolis
ana LOUISVILLE pISlSIESu, Low,
Rock Island and Pacific, $4,000; Erie,
%. 300; Erie first preferred, 1880; Louis
Vile and Nashville, 3l300; Manhattan
Elevated, II 900; Missouri Pacific, Il, 100;
Mobile and Ohio, 26,400; Missouri, Kan
sas and Texas, 6,1e0; Missouri Kansas
and Texas preferred %, 500; Norfolk and
Western, G,4C0; Northern Pacific, 22,4O0;
New York, Ontario and Western, 1900;
Pennsylvania Railroad $500; Philadel-
phia and Reading $500; Philadelphia and
Reading first preferred, 800; Philadel-
phia and Reading second preferred, 200;
st. Louis and Southwestern, $500; Chi
cago, Milwaukee and st. Paul $4,000;
Southern Pacific 222 SEQ; Southern Rail-
way, IS. 900; Southern Railway preferred,
% 500; Texas and Pacific, $500; Union
Pacific. So, 700; UnIon Pacific preferred, 81
coo; Wabash preferred $500; Wisconsin
Central, 5000; American Smelling and
Refining II 100; American Steel and
Wire preferred, $500; American Tobacco,
., zoe; Brooklyn Rapid Transit, 10,400; Col
orado Fuel ard Iron, 5000: Continental
Tobacco. 5000; Federal Steel, 11,7O0;
Federal Steel preferred, $500; Pacific
Mail 5000; Peoples Gas Light and Coke
Company, 400; American Sugar Refining
10000; ST. Louis and San Francisco, &c.
600.
BONDS.