The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-03-22
STOCKS AND BONDS.

New York, March 21.-Today's stock
market was still highly professional, and
there was abnormal activity in stocks,
which are usually not q figure in the
trading Considerably more attention,
however, was given to the representative
stocks in the list, which are quite gen.
orally higher as a result of the days
trading. In most instances the gains
are merely fractional, but in such stocks
as ST. Paul. Louisville and Nashville,
Illinois Central and st. Louis and San
Francisco there are substantial net
gains recorded. Rock Island moved
rapidly upwards in the last hour to 1870,
a net rise of III. There was no special
explanation of this sensational advance,
but the traders were inclined to buy the
Changers and Southwesterns on the
strength of the reports of rain in the,
Southwest, and the hope of benefit to
the wheat crop. Sugar was inclined to be
heavy during the early dealings. but be-
came very strong towards the close, ris-
ing more than 8 points over last night
and closing with a net gain of rs.
Amalgamated Copper was heavy all day
on a rather smaller volume of dealings
than lately. but a late recovery left it
speculation in Colorado Fuel continued
very active and feverish, the price rising
at one time rs over last night and
then falling rs under. The change on
the day was a fractional net loss. Ten
nessee. Coal and Hooking Coal were
affected in sympathy. The inertia of
the United States Steel stocks was UNI
disturbed. Conspicuous new candidates
for buying demand amongst the less
prominent stocks were the Minneapolis,
st. Paul and Salt Ste Marie stocks, the
Duluth South Shore and Atlantic stocks,
the Keokuk and Des Moines stocks, In
ternational Pump, preferred, United
States Rubber stocks, the rubber goods
stocks and American Telephone and
Telegraph. The. gains in these ran all
the way from 1 to s points and were
entirely without any published legisla-
ton. They were balanced by relapses
of l to 3 points amongst stocks of a
Similar class, which have had previous
advances. The local traction stocks were
rather dull and heavy and were appar-
emily not affected by the plans adopted
yesterday for readjustment of capital.
The late rise in the market was to
some extent in an expectation of a ia
vorable bank statement tomorrow. The
banks seemed to have gained from all
sources during the week nearly half
million dollars. 1t is taken for granted
that the banks have reduced their loans
during the week to considerable ex-
tent, so that a REPAYMENT of the sur
plus is expected. Tie market closed
about steady and near the top.
The bond market was somewhat ire
gular. Total sales (par yalue) S2,63O,O0O.
United States bonds were all I'M
changed on the last call.
Total sales for the day were ga, 200
shares, including Atchison $500; Balti-
more and Ohio $780, Chicago. Rock
Island and Pacific 1900; Colorado South
ern 5000; Illinois Central 1880; Louis
vile and Nashville 25,2OO: Manhattan
1900; Pennsylvania 5000; Reading 49,
500; Reading, preferred. $500; St. Louis
and San Francisco $780,; st. Paul $500;
Southern Pacific II, 300 Union Pacific
$4,000; Amalgamated Copper 2G,S00;
American Car and Foundry $500; Brook
lyn 14,300; Colorado Fuel and Iron To-
300; Hooking Valley Coal 1900; Sugar
$500; Tennessee Coal and Iron 1880;
United States Leather 1890; United
States Rubber $500; United States Rub
Der, preferred, $500; United States
Steel, $500; United States Steel, prefer
red, 1900; American Locomotive $780,