The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-31

range during the greater part of the day.
There were no developments of great i'm
portance. The additional engagements
of gold had been fully expected and in
| fact turned out to be rather smaller than
| had been feared. There was evidence
of continued liquidation on large scale
during the forenoon which was attribu-
ted to the western party whose operations
have come to prove a powerful influence
| in directing the course of large specula-
tive following in Wall Street. The ces-
sation of this liquidation was followed
by scattering demonstrations of strength.
The st. Louis and San Francisco securi-
ties were very buoyant which caused a
revival of rumors that they are to be
taken in under the Rock Island plan. The
semi official intimations of the plan of
allotment of the new securities does not
provide for this absorption. The move
ment served, however, to offset to some
extent the depressing effect upon the
stock market which has been caused by
the discussion of the reports of the Rock
Island plan. The rise in Chicago and
Eastern Illinois and in Chicago and Al
ton and the frmness of Illinois Central
seemed to be related. The abrupt rise
OF that stock and was without much SEN
timental effect elsewhere. Some of the
statements of net earnings for June
served to rather emphasize the effect of
Atchisons decrease reported yesterday
The increased cost of operating showed
tendency to encroach upon increases in
gross earnings and in some cases to prac-
tically wipe out the gain in gross. The
I'm in 20 ash
Union Pacific and st. Paul. But this in
fluence was dissipated in the reviving eff
feet of the late rally, in which all of
those stocks, and particularly st. Paul,
shared.
The market became somewhat excited
in the last hour on the varying reports
current of the scope of st. Louis and
San Francisco and Chicago and Eastern
Illinois consolidation. The closing how
ever was irregular. The generally favor
able report of the Weather Bureaus
weekly crop summary and the favorable
weather reports of today were helpful fac
tors in the market. The continued tran
guilty of the money market in face OF
the gold exports had reassuring effect
upon sentiment. The Sub-Treasury made
liberal disbursement to the money mar
ket and advices from Seattle were re-
ceived of deposit of $1000,000 gold to
be credited to New York.
Bonds were dull and irregular until
the late rally in stocks when prices stiff
fened. Total sales (par value) 1854 900.
U. S. old As, registered, advanced
per cent on call.
Total sales of stocks today were 649,-
coo shares, including Atchison 54100; At
Gibson preferred $500; Baltimore and
Ohio 5000; Chesapeake and Ohio 1880;
Illinois Central 39,1OO; Manhattan $500;
Missouri Pacific $4,000; New York Cen
trail 1890: Norfolk and Western $4,000;
Pennsylvania 1900; Reading 5,400; Read
ing second preferred IL 900; st. Louis and
San Francisco 13 $500; st. Louis and San
Francisco second preferred 10000; St.
Paul 81 900; Southern Pacific $4,000;
Southern Railway $500; Union Pacific
20. 200; Brooklyn Transit 5000; Colorado
Fuel 81 100; Peoples Gas 10000; Sugar
Is, 800; Tennessee Coal 100; U. S. Steel
100: Western Union $1,000