The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-06-12
STOCKS AND BONDS.

New York. June 11.-There was a
further expansion in dealings on the
Stock Exchange today which was gener-
ally attributed to the resumption of ac-
tivity by the newly returned leaders of
the Western group. This activity cen
tered in st. Paul. There was besides an
active market in Missouri Pacific. which
had no apparent connection with the st.
Paul movement so far as the identity of
the brokers' employed would reveal it.
These two stocks ran a pretty close race
for the leadership of the market in point
of activity, with Missouri Pacific getting
rather the best of it, both in the volume
of dealings and the extent of the gain.
Just at the close the stock moved up
more then two points over last night.
ST. Paul's extreme rise was 15s and was
not fully held. Between them the two
stocks made UP about one quarter of the
aggregate dealings of the day. There
were considerable gains in other stocks,
but these seemed to be more or less in
sympathy, and there was at the same
time some selling to take advantage of
this sympathetic strength. There was
no evidence that any considerable out
side following was attracted to the move
ment. The advance was made in the
face of feeling of disappointment over
the monthly crop report bulletin issued
last night by the Agricultural Depart
ment. The bulletin showed none of the
hoped for improvements in the conditions
of winter wheat upon which the market
has been acting, and the effect of the
high average condition of spring wheat
was more than offset by the large de-
crease in acreage, causing a large fall
ing off in the indicated spring wheat
crop fom that of last year. With con-
tinued lack of rain in some portions of
the cotton belt, the influence of the
crop news could not be called beneficial
| upon stock values. The dominant i'm
portance of the corn crop this year was
thus emphasized, and it is considered
likely that this Importance will gain
force from this time forward. The argu-
ment was heard that an increase in the
dividend on st. Paul is likely from an
analogy of the increase in Chicago and
Northwestern dividend. The strength of
Missouri Pacific caused renewal of old
| runor that the long expected plan for
the consolidation of the Gould Railroad
interests into one corporation was being
perfected.
No warrant for either of these reports
could be secured in any quarter of au-
! thority. The coalers were comparatively
neglected, but were firm owing to the
current assertion that the striking min
ers were likely to yield the contest soon.
Nothing more was heard of plans for a
compromise of the contest Call money
was easy and in abundant supply The
stock market closed dull and irregular.
Prices of bonds advanced. Burlington
Joint As were in demand on the reported
extension of the underwriting syndicate.
Total sales (par value) $780,, 000
United States bonds were all I'M
changed on the last CALL
The total sales of stocks today were
379,5OO shres, including the following:
Atchison 14,300; Canadian Pacific 10000;
Louisville and Nashville 5000; Missouri
Pacific $4,000; Missouri, Kansas and
Texas 6,100; Missouri, Kansas and Texas,
preferred 1900; Pennsylvania $500;
Philadelphia and Reading $4,000; Chicago,
Milwaukee and ST. Paul As, 500; Southern
Railway 81, 200; Union Pacific 11,000; Wa
bash 1000; Amalgamated Copper $500;
American Car and Foundry 5000; Colo
| RADIO Fuel and Iron 800; American
Sugar 1890; United States Steel 10000