The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-08-08
SEABoARD STOCKS AND BONDS.
BALTIMORE, August T.--Seaboard Air Line
common 29A020K preferred 494049as
Bonds--4's S71sM87A.
STOCKS AND BONDS.

SlOChS AND BOINDS.
New York, Aug. 7-There was furth-
or expansion in the volume of trading in
today's stock market and the same kind
of irregular strength which was shown
yesterday. There were points of weak
ness in the market, in spite of the marked
strength of the most conspicuous stocks
and there was a still larger number OF
important stocks which did not respond
to the advance and were simply dull
and neglected throughout the session.
There were violent movements in some
usually obscure stocks, but in some also
which are always active and prominent
the prices fuctuated one-half or a full
point between transactions. 1t took but
two transactions to lift Burlington, Ce-
dar Rapids and Northern Is points, fol-
lowing a % point rise yesterday. This
was the result of the announcement by
the protective committee of minority
stockholders that they had secured an
offer of a higher price for the outstand-
ing minority stock unassenting to the
plan OF exchange with Rock Island Other
controlled stocks which seemed to be af-
fected in sympathy were Nashville, Chat
tanooga and st. Louis, the Kanawha and
and st. Louis stocks. The Hooking VAL
ley stocks and Louisville and Nashville
moved upwards with almost equal vio-
lence but with no specific development to
explain the movement. The rise in Illi-
nois Central had in it's favor excellent
reports of gross earnings for July and net
earnings for June. There were large
dealings in various Southern and South
western stocks, but the resulting price
movement was irregular Missouri Fa-
cific was under considerable pressure,
declining at one time IA, while Texas
and Pacific, on the other hand, continued
to advance. The large buying of South
ern Railway was without much effect on
the price. The weakness of Manhattan
was attributed to fears of a strike by
engineers and motormen. The rise in
Pennsylvania and its subsidiary coal car
riers was apparently in sympathy with
the Hooking Valley movement National
Lead was reported in demand for some
large financial interests. There was not
much in the general situation upon which
to base a rise in prices, since the news
showed little change in conditions, which
continued favorable to values. The Sub
Treasury is absorbing a considerable sum
from the money market, but the premium
on New York exchange at Chicago indi
Gates that the tide of currency is still
flowing this way. Foreign exchange is
firm, but the very strong return made
today by the Bank of France reflects the
accumulation of resources at that capt.
tai and the unlikelihood of further pres
sure from there for gold or for repay
ment OF loans. London showed encourage
ment over the evidences of the improved
condition of the King of England and
bought some stocks. The bouyancy of a
few stocks continued to the close, which
was active and steady.
Central of Georgia bonds were the only
feature of the bond market, which was
otherwise dull and irregular. Total sales
(par value) $2,145, 900.
United States 3's declined Il per cent
on call.
Total sales for the day were 4S.100
shares, including Atchison 41,000; Atchi-
son preferred 800; Baltimore and Ohio
Z 100; Canadian Pacific 5000; Chesapeake
mad Ohio Is, 200; Chicago, Rock Island and
Pacific 100; Erie $500; Hooking Valley
Z 600; Hooking Valley preferred $500; IL
linois Central $4,000; Iowa Central pre-
fcrred $500; Louisville and Nashville Co.
COO; Manhattan Is, 800; Missouri Pacific
AZ 900: New York Central 5000; Norfolk
and Western &c 400; Pennsylvania 2S,50O;
Reading 1880; Reading second preferred
; 400: St Louis Southwestern 5000; st.
Paul II 300: Southern Pacific 10000:
Southern Railway $1,000; Union Pacific
$500; Wabash preferred 5000; National
Lead IA, LOO; Peoples Gas 20,200; Sugar
Q 900