The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-11-13

for practically all the leading active
stocks. These prices were the lowest OF
the day although the level was approached
again on one or two subsequent dips. II
quickly became manifest that buyers OF
unlimited resources were in the market
and the heaviest offerings were quickly
absorbed and prices were vigorously bid
up through floods of selling orders. The
supporters of the market had a stormy
time during the first hours and prices
kept running up and down considerable
scale in a lively and confusing manner,
but by the end of the first hour the
selling had Deen brought almost to a
standstill. and substantial recoveries
were established all through the list.
The support conferred in st. Paul, Anal
gamated Copper, and the United States
Steel stocks. The buying of these stocks
had a notable effect in reassuring specu-
lativo sentiment just as their unsupport-
ed condition on earlier days of this week
was a notable influence in the depression.
There were several special influences
which helped TO encourage sentiment.
Chicago and Northwestern, after drop
Of three points, recovered to six over
last night on the action Of the directors
"
to stockholders to subscribe at par. The
issue of circular to the Colorado Fuel
stockholders asking for proxies on behalf
of the interest controlling the principal
Colorado railroad systems, disclosed a
new contest for control of that property
which resulted in a sharp advance in it&
price. Manhattan was benefited by the
publication of a very favorable annual
report Aside from these developments
in regard to individual properties, there
was very little ncws to account for the
movement Of prices. Upon the first re-
covery, after temporary pause. at
tempts were made to renew the advance,
but the selling increased at the higher
level and prices fell back again
Throughout the day whenever prices de-
clined effective support was forthcoming,
and on the other hand, any considerable
advance invited renewed selling. The
closing was firm. however, and al about
the top level Missouri Pacific offered
effective resistance to reaction through
out the day. Money showed a rather
easier tone.
Bonds were not as we'll supported as
stocks and were rather weak through
out Total sales (par valued S4,4S000o.
United States bonds all were unchanged
on the last call.
Total stales of stocks today wer l.
256. coo shares. including the folio ing:
Atchison "a 200: Atchison preferred 1900;
Baltimore and Ohio 2S.100; Canad' IN Pa
cific p 500: Chesapeake and OH $500;
Chicago and Great Western 1880; Erie
90 500: Illinois Central $500: Louisville
and Nashville II POO: Mania tan $4,000;
Missouri Pacific 47,100; New York Cen
trail 5000; Norfolk and Western 1890;
Ontario and Western 1000; Pennsylvania
y 800 Reading 1900: st. Louis South
western preferred $500; St. Paul 941oO;
Southern Pacific 12O 100; Southern Rail-
way II. 700: Texas and Pacific $500; Union
Pacifcu 81 300; Amalgamated COPPER 81
200: Smelling $4,000: Brooklyn Transit
10 800; Colorado Fuel and Iron $4,000; Su-
gar $4,000; Tennessee Coal and Iron H.
500: U. S. Leather 1000; L. s, Steel r.
725: L. s. Steel preferred 81 $50.