The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-04-04

ancy within few minutes of today's
closing dealings in stocks and were rush
ed W in sensational manner, which
prCcipitated an eager scramble amongst
the bears to cover, thus aecentuating the
rise. Previous to that time the charac-
ter CT the market had been much the
same as that prevailing for a long time.
There was q rather notable demand for
St. Paul. but &.not greater than con-
sistent Nth the recent tactics of. pro-
fessionaE poolsS The general list con-
tinued neglected; and irregular, tWith
obvious Profit faiing goiTgS on in tsome
OF the stocks strongest in the immediate
past. About midway of the session there
was a fairly comprehensive upward
movement in the Vanderbilt stocks,
which seemed to be prompted by the per-
sistent strength of the Chicago and
Northwestern and Chicago, st. Paul, Min
neapolis and Omaha stocks. The most
complete movement were in stocks of
minor roads, which might be available
for absorption by larger systems or for
combination into competitors with the
larger systems. There were new pints
of strength also developed amongst the
smaller industrials which are usually
some cases by reason of the closeness
with which they are held for investment
purposes. The demand for Hooking VAL
ley continued, carrying it up six points,
the preferred rising 3A, Cleveland, Lor-
rain and Wheeling 61a, Kanawhr. and
Michigan 2A and Ann Arbor, preferred,
four points. These stocks seemed to be
Influenced in sympathy. The New York
dock stocks rose about five points each.
American Telephone and Telegraph adj
vanced 10h on the reported large in
crease in the instruments outstanding.
There was a long list of gains running
from q point or more, some of which
were simply recoveries from depression
of yesterday. At the same time Anal
gamated Copper, Colorado Fuel, United
States Leather, preferred, and the minor
steel stocks were rather acutely depress-
ed by realizing sales. When st. Paul
reached the latter stages of its advance,
it encountered blocks of offerings run
ming up to 1000 shares, but rose steadily
through them all to 1898. The stock
closed practically at the top with a gain
of four points. Chicago and Northwest
ern shot up IN, the preferred liz, Chi
cago, ST. Paul and Minneapolis and
Omaha II and the preferred 4. 1t was
not until within fifteen minutes of the
close that the Pacifics and Southwesterns
generally spurted up from one to two
points over last night. The market
closed very active and generally strong
The bond market was not very active,
but there was we'll distributed demand.
Total sales (par value) $3,620,000
United States bonds were all I'M
changed on the last call
Total sales of stocks today were 701 300
shares, including the following: Chicago
and Northwestern 10000; Hooking Valley
1880; Iowa Central $500; Iowa Central,
preferred, 5.400; Louisville and Nashville
2S, 100; Manhattan $780, Missouri Pa
cific $500; New York Central 5000:
Pennsylvania 10000; Philadelphia and
Reading 1900; st. Louis and San Fran
cisco 300; st. Louis and San Francisco,
second preferred. $500; st. Paul 1877, 700;
Southern Pacific 1900; Union Pacific
4S 900; Wisconsin Central 5000; Amalga-
mated Copper 32,700; Brooklyn Rapid
Transit 1900; Colorado Fuel and Iron
17,100; Hooking Valley Coal II 300; North
American $780, American Sugar 1920;
United States Leather $4,000; United
States Leather, preferred, 1890; United
States Steel. preferred, 5,945; American
Locomotive 5000.