The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-04-26
STOCKS AND BONDS.

New YORK, April Zo.-l mere was d
persistent tendency today among the
stocks of grain carrying railroads to
move in a see-saW fashion with the Price
of grain. The heavy liquidation and a
violent break in prices in this morn
ing's grain market sent the prices OF
grangers up with a rush, Union Paclnc
lC aiding with extreme advance OF IA
The movement spent its force when IL
was seen that odd buying had developed
in the grain market at the decline and
that prices were rallying there from the
slump caused by reports of last night S
rains with the promise of fair weather
fer tomorrow. The whole market felt
the lack of early aggressive leadership
of Union Pacific and during the final
hour there was ragged recession when
wiper cut many early gains and carried
prices of important stocks amongst the
grangers, coalers, New York public util-
tiles and higher priced industrials below
last night. There was a late advance
in the Southern market and very large
buying of Southern Railway at an eX-
treme advance of l 1-3. Louisville was
lifted at the same time 3S and Chi
cago, Indianapolis and Louisville rose
Is over last night after erratic hue
tuations. This movement seemed design
ed to check the decline elsewhere in the
market and when it was seen to be with
out effect the Southern stocks reacted.
There was some bidding up of the gran
gers again at the close, which was ac-
tive and steady. There was large buy
ing of the United States Steel stocks
during the morning by the brokers US
ually employed by the syndicate. This
buying seemed to be in connection with
the issue of the bond circular. The
stocks reacted and became dull with the
rest of the market. The American Ice
stocks also moved vigorously upwards
in face Of the passing of the dividend
on the common and proposition to is
sue debenture bonds ahead of the stocks.
There was a great variety of movements
among the specialties. Amalgamated
Copper advanced on the conjecture that
the consolidation of the Heinz interests
was preliminary to their absorption.
The stock lost it's gain. Sugar was weak
on the proposed Investigation of the
company's Cuban holdings by a Senate
Committee. The preliminary figures of
the weeks cash movement indicate re-
ccipts on balance from the interior by
the banks of upwards of $2,000,000 to
which is to be added the gain of $685.
600 on sub-treasury operations. 1t is
also possible that the early liquidation
in the stock market may have contract
ed bank loans, although speculative bor-
rowing has been renewed and large syn
dictate transactions may have been in
progress.
The activity of the stock mOrket di-'
verted interest from the bond market,
but prices there We're firmly held. To-
tai sales (par value) $5,305,O00.
United States bonds were all unchang
ed on the last CALL
Total sales of stock today were 1.400,-
300 shares, including Atchison 81 200; 3.
e o. 500; Canadian Pacific 81, 100; &. &
o. 10000 Chicago, Indiana and Louis
vile $4,000; Chicago and Great West
ern 500; D. & H. S,400; Erie 19,200; L.
& N. 1900; Manhattan S,100; Mexican
Central $500; Missouri Pacific 300:
New York Central 15,400; Norfolk and
Western $4,000; Ontario and Western
80, 100; Pennsylvania 26,6OO; Reading
$500; do second preferred 21,SOO; ST.
Paul 81 100; Southern Pacific 22.T00;
Southern Railway 1919, 500; Union Pacific
100000; Wabash 9,100; do preferred 49,
leo; Amalgamated Copper $4,000; Amer
lean Car LOO; Brooklyn $500; Colorado
Fuel and Iron q, 100; Consolidated Gas
II 200; Peoples Gas 9,4O0 Pressed Steel
Car $500 do Republic Steel S,100; Sugar
3, 100; Sugar 19,200; Tennessee Coal and
Iron 1920; United States Leather G,l00;
United States Steel 74,700; do preferred
So, 400; American Locomotive 14300.