The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-04-05
Stocks and Bonds.

New York, April 4.-The complex
ion of today's market was decidedly
mixed An unusually large number of
separate issues were dealt in, notWith-
standing the smaller aggregate of
transa actions. This appearance of
breadth in the market was accounted
for by the presence in the trading of
many usually neglected and obscure
specialties and industrials. The move
ments in these we're wide but were
extremely inconstant, as we'll as irreg-
ular both the principal gains and
losses being found under this classi-
fication. Railroad stocks were slug
gish- throughout and for the most
part were heavy. The decline in inter-
est in the market seemed to be due in
part to the unsettling influence of the
erratic fluctuations in Tennessee Coal
Prices of that stock ran up and down
all day like a boiling liquid in tube,
and operators in the market were al
a loss to determine whether the terms
of the proposed merger or the distress
Of an uncovered short interest were re-
sponsible for the wavering motion of
the stock The prominence of the low
grade industrial stocks, even where
they give evidence of strength is re-
garded as an evidence that the high
grade stocks have exhausted their re-.
sources for advance and begets sus-
picion of the stability of the whole
market. The absence of long expect
ed announcements which have been.
supposed simply to await the conclus-
ion of the Northern Securities case i'm
duces feeling of suspense and of dis
trust over the extent to which mys
FERROUS illusions and rumors have been
allowed to influence great speculative
commitments in various stocks. The
tone of the money market shows some
relaxation in consequence of the com
pletion of the April settlement, but
not to the extent that sanguine spec
ulators hoped, and the possibility -
now faced of a considerable prolon-
cation Of the period of higher rates
for interest The most substantial in
f,uence in today's market was the heavy
accumulation of the United States Steel
stocks. The rise in the Southern
Railroad group was attributed to the
enlarged cotton movement and to the
advantages to accrue from risinS
scale of freights on iron, There was,
sustained strength in a few of the in
dustrials. but the persistent heaviness
of the railroads made the closing ir-
regular.
Bond were irregular. Total sales
(par value) $4,S10,000.
U. S. bonds were all unchanged or
call.
Total sales stocks 1,119.000 shares,
including Atchison, TOO: A. c. L.. A.
500; Canadian Pacific, 1900; Chesa
peake & Ohio, $500; St. Paul, $500.
Erie. $4,000; do End preferred, $500;
Louisville & Nashville, 1890; Metro
politan Securities. 1900; do Street
Railway 9,700; New York Central,
1900; Ontario & Western, 1850.
Norfolk & Western, 1900; Pennsyl-
vania. $4,000; Reading, 2S.600; Rock
Island, 1880; do preferred, $500,
Southern Pacific. $500; Southern Rail
way 1890; do preferred. 200; Union
Pacific, $4,000; Aalgamated Copper
! $500; American Car & Foundry, 90
| 500 American Cotton Oil. 2.400,
American Smelling. IL, 300. American
| Tobacco. $500; Brooklyn Transit, a.
800; Colorado Fuel, 31.100; Interna-
i tional Paper, 800; National Lead
| l0.100; Peoples Gas. $500; Republic
Steel. 1900; Republic Steel preferred
| 5000; Rubber Goods. $500: Tennes.
seee Coal, 78,90O; u. S. Steel, 1O1, 400