The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-12-04
The Aetna Life Insurance Co.
is MAKING A SPECIALITY OF
"Etna Per Cent. Gold Bonds.
Their values are larger and their rates lower than any others
The 2o-year Endowment per cent. Gold Bonds
carrying
protection. IL
CFas. L. Van Noppen Superintendent of Agents.
J. D. BOUSHALL, Manager,
Raleigh, N. G.

orders We're also encountered. The re-
suit was a constant shifting of the course
of prices within narrow range There
were no special features to the trading,
although the recent speculative favorites
maintained their prominence. These
were the local fractions ST. Paul, Louis
Vile, the Pacifics and New York Central
and several of the Coalers. The move
ment in these was pretty consistent, the
whole group moving upwards or down
wards whenever any one stock took the
initiative. An advance in the price of
refined sugar failed to differentiate SUI
gar from the general movement in the
list. Renewed weakness in the silver
market and a reaction in the London
copper market from yesterdays sharp
advance We're reflected in American
Smelling and Amalgamated Copper. The
chief repressive influence on the specula-
ton was the tightening course of the
money market
There was no money Offering on call
at less than per cent at the opening.
The rate subsequently declined as low
as six per cent during the active period
of the day, and to below that before the
close. Time money was distinctly firm
er, six per cent being quoted for all
periods UP TO six months, with a conf
mission demanded for the shorter peri
DDS which made the rate equivalent to
seven per cent. New York institutions
were entirely out of the market for mer-
camille paper, and even the prime grades
brought six per cent. An additional en-
gagcnient of 100000 in gold for South
America was announced, making the total
shipment today of $1,000,000 This OPP
Grafton amounts to a diversion of the
demand from South America upon the
Bank of England for gold from that
institution to New York. Discounts in
London consequently easod off today
Sterling exchange here held steady, but
advanced in Paris, SO that exports of
gold across the Atlantic are not feasible.
The SubTreasury continues to draw on
the New York money market, the loss
since Friday on that account having
reached SO, ass 900. There was deposited
at the Sub Treasury today $1,000 for
transfer to New Orleans Chicago ex
change. however, remains al par. The
trading element showed it's dsappoint-
ment that the Presidents message had
failed to stimulate speculation and with
the additional encouragement of the
high money rate. there was progressive
decrease in the activity of the market.
Bonds were dull and irregular. Total
sales (par valued $1,700,000
United States bonds all were un-
changed on the last call.
Total sales of stocks today were 455, 600
shares, including Atchison 81 400; Balti-
more and Ohio $780, Canadian Pacific
800; Erie $500; Louisville and Nash
vile 10000; Manhattan IS, 100; Metro
politan 5,400; Missouri Pacific 15,400;
New York Central 9,400; Norfolk and
| Western $500; Pennsylvania 1920;
Reading $4,000 st. Paul 81, 400; Southern
| Pacific 27,500; Southern Railway $500;
Union Pacific 3D. 800; Union Pacific. pre-
ferred, 1900: Amalgamated Copper 10.
700; Brooklyn Rapid Transit 2S,900; SUI
gar 21,700; United States Steel $500;
! United States Steel, preferred, $500;
| Rock Island. $500.