The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-04-03
STOCKS AND BONDS.

New York, April 2.-The naming of the
most active stocks in today's market is
in itself an Illuminating commentary on
the character of the market. United
States Leather led the list followed at
a considerable interval by Amalgamated
Copper. The dealings in Colorado Fuel
fell to quite insignificant proportions in
comparison with the recent trading.
Sugar was we'll up in the list of active
stocks. OF the prominent railroads only
ST. Paul and Louisville and Nashville
showed a notable degree of activity and
the fluctuations did not reach as much as
a point in either of them. The extreme
range in the United States Steel stocks
was q for the common and Il for the
preferred and both closed at shade
under last night, in spite of the eXtraor-
binary earnings reported for the year of
the company's existence and the official
assurance given of the success of the
plan for providing S50000,000 additional
capital. Many of the usually prominent
stocks die not open at all before the
middle of the days session and not a
few will be found with no sales recorded.
The price movements of any consequence
are almost invariably amongst the less
known stocks and the reasons advanced
were very obscure. st. Paul and Omaha
rose six points on a few transactions and
the preferred five, but Pere Marquette
dropped six on only one sale. The Hook
ing Valley stocks were active and strong;
the common rising four and the preferred
two. Rumors were revived of a plan to
retire the preferred stock at par. The
Wisconsin Central stocks and the Toledo
st. Louis and Western stocks were
bought, apparently, on the strength of
their strategic position in the competi-
tive field. The New York dock stocks
rose in an erratic manner on the sup
posed sudden realization of the favorable
equities in the property. The movement
in the Leather stocks was on the as
sumption that the preferred stock and
it's claims to deferred dividends were
to be cleared up in some way by bond
issue There were other movements of
less degree. The losses, which were lib
orally sprinkled through the list Of
stocks of a similar character had no
other explanation than that they had
previously advanced on rumors which
have not been confirmed. The weakness
of Rock Island was associated with the
announcements of its additional stock
issue. The decline in the Buffalo, Ro-
chester and Pittsburg stocks was doubt
less due to the coal miners strike in
its territory. The movement in the gen.
eral list was insignificant. The crop
report by the Government Weather Blu
reau had some influence upon sentiment.
H,,% h. &c
garded as under the artificial influence
of large speculative operations and are
therefore distrusted as an index of actual
conditions. The market closed dull and
heavy on the taking of profits by room
traders.
There was a very good demand for
bonds which was better distributed than
of late. Total sales (par value) $2,4S0,-
900.
United States bonds were all unchanged
on the last call.
The total sales of stocks. today were
4f0, 700 shares, including the following:
Chicago and Northwestern 5000; Hooking
Valley 10100; Louisville and Nashville
Is, 600; Philadelphia and Reading II, 700;
Philadelphia and Reading, second pre-
ferred. 11,90O; st. Louis and San Francis
co 1900; st. Louis and San Francisco,
second preferred, $685. Chicago, Mil
waukee and ST. Paul 22,400; Wisconsin
Central $500; Amalgamated Copper 20,
400 American Car and Foundry 5000;
Colorado Fuel and Iron II 200; CONSOLE
dated Gas $500; Hooking Valley Coal
640O; United States Leather so, 800;
United States Leather, preferred, %, 800;
United States Steel Corporation $500;
United States Steel Corporation, prefer
red, 1900.