The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-03-19

incursions into the field of the usually
important stocks were few and desultory
in character. Now and then a seeming
ly active buying movement would develop
in some stock that has been occasionally
market leader In the past, but the ac-
tivity would as suddenly subsde and
the dealings revert to some rarely active
stock. The high priced specialties con-
tinued in favor today and number OF
low priced industrials were also bought
up To a considerably higher level of
prices The minor railroads were less
conspicuous, although a few of these
continue to show wide movements. There
were declines on profit taking in these
classes as we'll as. the new strong points
The most conspicuous movement of this
kind was in Northern American which
jumped about in erratic manner in the
course of a sensational advance of 14la
points on unusually heavy dealings. The
movement was without explanation be-
yond the long time gossip of the avail
ability of the company's comprehensive
charter rights for the purpose of some
great consolidation scheme. Other
stocks not usually prominent which
show striking advances were American
and Continental Tobacco, preferred,
General Electric, Pullman, Colorado
Fuel, American Mailing, preferred, Am
erican Cotton Oil, Chicago Union Trac
tion international Pump and Rutland
Railroad preferred. Among the more
prominent stocks, Amalgamated Copper
continued active and found support at
ter the recent heavy decline. Much of
the buying was attributed to the de-
mand from shorts to cover. Sugar
was reactionary on account OF
the dispute over the reduction of the
tariff on Cuban sugars. An instance OF
the disposition to take profits on good
news was the selling of Pacific Mail on
the passage of the Ship Subsidy Bill by
the Senate. The New York public utili-
ties also suffered from profit taking after
some selling advances. The most con-
sistent movement of the day was that
in the Coalers, which represented specu-
lation on the outcome anticipations be-
tween Anthracite miners and operators
for an agreement upon relations during
the coming year Lackawanna made
characteristic advance of points but
the gains otherwise ran between 1 and 2
points The moderating of the weather
ing higher prices. although the late rise
in the wheat market somewhat modified
this influence. Aside from these cases
the movements of the day were almost
entirely due to the individual causes.
The condition of the money market was
quiet and there was belief current
among Spectators that the distribution
of the Standard Oil dividend furnished
A. fn,, 6na1 Of fha hlIU
ing The payment on Friday next of the
United States Steel common dividend
was looked forward to with hopes of a
similar influence. There was very little
actual change in the condition of the
money market.
The bond market was dull but steady.
Total sales, par value, $2,970,000.
United States bonds were unchanged
on the last call.
Total sales for the day $4,000 shares,
including Atchison 5000. Baltimore and
Ohio 81 600 Canadian Pacific $500, Col
orado Southern 5000, Delaware and
Hudson $500, Erie 5000, Manhattan 3d.
600, Mexican National 1900, Missouri
Pacific $780, New York Central 6,100,
Pennsylvania 10000, Reading 47,40O,
Reading first preferred 900, Reading sec
ond preferred $500, St. Paul 10000.
Southern Pacific 1900, Southern Rail-
way $500, Union Pacific 9,400, Amalga-
mated Copper 74,O50, American Linseed
Oil 1890, Brooklyn Rapid Transit 500,
Colorado Fuel and Iron 19, 900, Consoli-
dated Gas $500, Continental Tobacco
preferred $500, International Paper
$500, International Paper preferred 5000,
National Biscuit 6400 North American
23.S00, Peoples Gas 13.400, Sugar $1,000,
Tennessee Coal and Iron $3.50, United
States Steel 6,400, United States Steel
preferred 1900.