The Montgomery advertiser., 1901-10-24
WALL STREET REVIEW ACTIVITY LARGELY CONFINED TO A FEW STOCKS. An Overwhelming Proportion of the Days Business Was in St. Paul, Union Pacific and South
 ern Pacific.

NEW YORK, Oct 23.-Speculativs activity today largely confined again to few vanderbits and Chicago and Northwestern in- to St. Paul, Union Pacific and Southern Pa totsi bns,nsss wss i'm tbesa three Stoe%s, The aggregate dealings rose considerably over those of recent times and as the day passed the mar ket showed broadening tendency in sympa- thy with the sustained strength of the three leaders. Chicago Great Western came conspicu- achieved an extreme advance of 2N on very heavy dealings, closing at the highest. Other stocks reacted somewhat from the top. innu- and Northwestern preferred. St. Paul's ex- treme rise of 3 points. Union Pacific 2A4 end ou to come forward ward late i in the day were mem bers of the soft coal group and the Southwest quite notably strong. rising i% and Inter national Power advanced 2h. The early weak ness of the markst was quite generally over come by the late advice. Amalganlated Cop per. which fell points in the morning. closed with a net los of only if. There was some large selling in the stocks and 1t was affected by the weakness of raw copper in London. The local fractions and Peoples Gas were also feil as and the preferred under raids by | the bears. and Hooking Coal was forced down | IF with a subsequent recovery. There was some continuance in the early dealings of yes terdays strength in the Vanderbilts, New York Central rising IB. Chicago and Northwestern was not continued after the reaction in the market There was no specific news to ac- count for the acton or the market, put IL was undoubtedly based upon the assumption that negotiations now in progress will result Tn set tlement of Northern Pacific controversy, with benefit to the whole trans-continsntal railroad situation. The neglected tagging tendency of Great Northern preferred and Northern Pa clnc preferred did not seem to disturb this conviction. Neither did the apparent contra diction found in the insistancs the retire. ment of Northern Pacific preferred and the broad intimation from President Hill that Great Northern is to be consulted in the mat ter of control for the Burlington system well as Northern Pacific These insistencies are regarded the vantage ground to be shrewdly held while the process of bargaining Is still going on, as it undoubtedly is. Burling- ton was quoted in the closing at goo 99. The continued movement of currency to the South and the prospect of a Slo 900 900 pay ment to be made this week on account of the Pocahontas Coal Consolidation did not seem to disturb speculative sentiment. As between St. 900. 900 and S2, ooo, 900 of this payment is to be made to foreign owners an additional fac tor is disclosed in the recent frmness of the exchange market. That market was somewhat easier today, notwithstanding the advance in London discount on account of the loss of more than S2, 900. 900 to the continent.
 The bond market was active and broad and prices as a rule advanced. Total sales. par value. 4,67o, 900. United States refunding 2's declined A and the old As t per cent. on the last call.