The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22

these advances was taken advantage OF
on every occasion to sell other stocks
Tor the purpose of realizing profits. This
was effected without any notable dam
age to prices, owing to the iudicious ana
careful manner in which the market was
fed. In the last half hour of the mar
ket, however, when it became known
that arrangements had been for ship
ment OF 81 100000 in gold to Europe by
tomOrroWS steamer, the whole market
turned downward and closed active and
easy. Not much was left of earlier gains
in any case and Pennsylvania, which was
the conspicuous leader of the early mar
Ket, closed at a small net loss. The
early strength Of this stock was attrib-
Lted to the supposed requirement of
control of Reading, but the other SUBJ
sidiary companies failed to participate
Chesapeake and Ohio and Norfolk and
Western being among the weak stocks
for the day. The decision OF the coal
miners convention against general
strike was anticipated with certainty. and
the large buying OF last week of the
soft coal carriers was on that account.
The heavy realizing of the day was doubt
less on the ground that all the good
news concerning these stocks for the
present has been published. Among Wes-
tern railroads the active speculation
shifted to Missouri Pacific, Atchison and
st. Louis Southwestern. Reports of
weather favorable to the crops was the
continuing influence upon these stocks
but it failed to affect the price of other
stocks which would be equally benefited
by good crops Old rumors were revived
q hot
Southwestern and Chicago and Eastern
Illinois. The reports of damage by floods
in the Western States were ignored The
indnstrials were idle and neglected The
failure Of the judicial conference which
was expected to take up the appeal in
the case against the United States Steel
stock conversion plan may have been
an influence in killing speculation in
those stocks. London was quite heavy
seller of stocks this morning here and
was itself a sufferer from liquidation for
Paris Of accounts in South Africa. This
train o. events was doubtless what pre-
cipitated the shipment of gold by to-
morrow's steamer.
There was an easier tendency in the
bond market which shows rather a nota.
HE lack of investment demand. Total
sales (par value) $3.705, 000
L. s. old As, registered, declined Is
per cent on the last call.
Total sales of stocks today were 906,-
1903 shards. including the following:
Atchison $4,000; Atchison preferred 23,-
.0D' Baltimore and Ohio 10000: Canadian
Pacific 131, 900; Chesapeake and Ohio 49,
900; Chicago and Alton 100; Chicago
Great Western 5000 Chicago, Rock Is
land and Pacific ex-rights 1900; Chicago
Terminal 1000; Erie 6,460; Illinois Cen
trail 1900: Manhattan $4,000; Metropoli-
tan 5000: Missouri Pacific 52100; New
York Central 10000: Norfolk and Yves
tern 1G,400; Pennsylvania 77,100; Read
ing 1S,400; st. Louis Southwestern U.s.
500; ST. Paul II 900; Southern Pacific 3d.
500: Southern Railway 2S,700: Texas and
Pacific $500; Union Pacific 27,900 Wa
lash 1900; Wabash preferred 8 100; Anal
gamated Copper 7,400; Brooklyn Transit
20,500; Peoples Gas 800; U. S. Steel
21915; Peoples Gas preferred $500;
American Locomotive 800.