The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-01-28
STOCKS AND BONDS.

New York, Jan. 27.-There was no re-
ef from the semi-stagnant conditions
# speculation in stocks today. Profess
ional operators continued their at
empts to find the market by persistentlJ
esting it. both by sales and purchases
nut they found the great powers in the
waiting some turn of events. The stiff
less of money rates, which persisted fol
,ome time after the turn of the year
ielded entirely and the ordinary Dor
over is able to obtain money on call
IN very easy terms. Returns of gross
arnings of railroads. which began TO
.ome in today for the third week in
anuary show gratifying increases over
asst years high level. Today's break
n the grain markets, while due to a
condition of over speculation and at
ributed ostensibly to the large move
nent from other countries, warrants 4
resumption of promising conditions for
)ur own wheat crop, upon which much
hinges. These conditions however were
)owerless to animate the stock market.
There is a very general agreement that
he ultimate decision of the question Of
he legal standing of the Northern Sc
urities Co. is the thing really await
ID for the next general movement in
he stock market There is also import
ance attached 10 the definite shaping of
he governments financial operations,
which is given additional Importance by
he growth of the surplus in the reve-
tues, the decreases in the available sup
,ly of bonds for redemption. and the
PRESSURE to retire bank note circulation.
legislation for the reduction of the rev.
}nues on the one side or for special
government exports on the other, are
studied with great attention owing to
heir bearing on the market supply of
money. The formulating of demands by
coal miners has been cause of some
depression. The stiffening of the dis
cunt rate in London and the advance
the price of gold may be symptom of
demand fcf' gold from that
luarter as the Bank of England is
obviously striving to make it's rate effec-
i've in the market in preparation for
he coming great loan OF the special
movements in today's market. which
gave it its whole character. that in
tmalgamated Copper was most conSpic-
JUS. The gain which resulted to-
lay for Amalgamated Copper was 21A
points. The advance in the price of Lead
gave strength to the National Lead
stocks and American Smelling The
United States Steel stocks were lethargic
sugar with final net gain of a point
Notable gains in Chicago and Eastern
illinois, the New York. Chicago and ST
Louis stocks, Cleveland, c. c., c. g. St
Louis and Rutland preferred were with
out explanation. The market closed dull
md FIRM
There was a cessation of last weeks
activity in number of semi speculative
lands and the market was duller and ir-
regular Total sales par value $3,O25,-
300.
United States new tours advanced "a
per cent on the last call.
Total sales for the day were 80, 500
shares, including the following: Atchi-
son 1890 Atchison, preferred. ZOO;
Erie $4,000; Erie, preferred 5000; Man
haitian $500; Metropolitan 1850; New
York entral $500; Pennsylvania 400;
Reading $4,000; Reading, second prefer
red 5000; St Paul 24,300; Southern Pa
elf 1920; Southern Railway. 1900;
Union Pacific 1000; Amalgamated Upper
so. 500: American Smelling 5000; Ana
conda Mining Company 10000; Sugar 49,
200; United States Steel 10000; United
States Steel preferred 6 700
PnNDC