The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-04-22
BALTIMORE PROVISIONS,
STOCKS AND BONDS.

New York. April 21.--There was quite
comprehensive upward movement OF
prices today, led by the Gould group and
Baltimore and Ohio. AS other parts OF
the list came into the movement dispo-
sition became manifest to take profits in
the early leaders, which led to a moderate
reaction all through the list and the close
was easy and dull. The movement was
attributed largely to professional opera
tfons and commission houses continued
to complain of the light volume of the
orders 1t was plain, however, that a
speculative party had been organized to
advance the market and they made their
operations effective today. Their cam
paign seemed based on general conditions.
The Great Northern dividend came OH
that stock this morning and the assem-
bling of the Northern Pacific directors
during the session of the Stock Exchange
gave assurance that that dividend would
also be promptly distributed. Specula-
tive operations were especially marked
in the Gould group, led by Wabash pre-
ferred and especial stress was laid upon
the April report of the Kansas State
Board of Agriculture confirming the very
favorable government report as to the
condition of winter wheat. The advance
in sugar was on account of a rise in the
price of the refined product. Southern
Pacific was lifted two points late in the
day on an unconfirmed rumor that a set
tlementl had been effected between the
Hartman and Keene interests. Some
early heaviness in Amalgamated Copper
was accounted for by the illness of the
president of the company, but the stock
recovered. Colorado Fuel was weak
without explanation. Reading Jagged in
the advance on account of the opinion of
the Interstate Commerce hearing Of
chiefs of suppression of competition by
the coal combination, but this stock also
became strong. An unusually large num-
Der of industrial stocks were advanced
from l to points and beyond that for
American Steel Foundry, which gained g.,
Slcss Sheffield Steel Az, Westinghouse
Electric 6, and the first preferred 3. The
professional contingent among the trad
ers laid some stress upon tomorrow's en-
try into the new exchange quarters as
proper sentimental ground for advancing
prices. During the last hour of the mar
ket trading was considerably neglected on
account of diversions INDUCED in by the
brokers as an incident to the closing of
business in the temporary quarters of the
Produce Exchange. An incident of the
day was the resumption of the recording
of tranaction in odd lot on the tape, which
must be regarded as a symptom of the
relative dullness to which business in the
stock market has fallen. Money con-
tinued to work easier with every prospect
of additional relaxation and the recent
upward course of exchange was also
checked today.
Prices of bonds moved upwards in sym
pathy with stocks and on a fairly well
distributed demand. Total sales tpar
value) $3,110.000
United States bonds were all unchanged
on the last call.
Total sales stocks were 746 900, includ-
ing Atchison, $500; Baltimore and Ohio,
3S.915; Canadian Pacific, $3.50: Cincinnati
and Ohio. 1900; Erie, 20,325; Louisville
and Nashville, $500; Manhattan, 24,100;