The Montgomery advertiser., 1901-07-20
WALL STREET REVIEW
VOLUME OF TRANSACTION
 soMEwHAT LARGER.
Prices Broke in the Late Dealings and the Market Closed Weak at the Lowest of
 the Day.

NEW YORK. July 1s.-The character of
 today's stock market was much the same
 as that of yesterday. but there was a
 demand which lifted Union Pacific yes
 terday in the closing dealings. The vol
 une of transactions was rather larger
 ertheiess highly professional. Much lioui-
 dalton had to be absorbed by those who
 had set themselves the task of support
 ing the market and the buying seemed to
 through support n the late dealings and
 the market closed weak at the lowest of
 the day. Even those stocks which had
 shown strength during the day had very
 and the stocks which were conspicuous
 for strength yesterday were conspicuously
 weak The stocks selected as props for
 amongst the SouthernY railroadh and the
 Gould Southwesterns. Included with the
 latter were Western Union and Manhat-
 tan Texas and Pacific was at one time
 large buying in Missouri Pacific United States Steel stocks seemed to be we'll un-
 der control by insiders and they were
 marked up sharply over a, point each du- ring the period of strength in the mar
 ket. The, sustaining force of these ad-
 vances. however. was steadily taken ad- vantage of to realize in the railroad list. Union Pacific, St. Paul and Atchison were
 the most conspicuous objects of the sell ing. Southern Pacific at one time broke
 away from the group and was marked up | to 5sls. apparently in pursuance of the de- sign of supporting the market for realiz- ing purposes. The device proved only moderately successful. as did others of | the same character. Tn the late reaction the decline in St. Paul extended to 53s. Union Pacific to 5h, Atchison to 3T, Mis- souri Pacific 31z and Southern Pacific to | 3B. Much of the selling seemed to be prompted by the renewed fears of disas- | ter to the corn crop, the same motive be- | ing at work in the corn market. The | selling for Western account was unusu- | ally large and was attributed to important interests. The selling for London account l was another important factor in today's l market. It was most conspicuous in the
 besides to others of the internationally listed stocks. The total sales for that ac- | count were estimated as high as 10000 l shares. This development was a factor in I the firmness of sterling exchange in New
 York and nthe easier tone o fmoney in
 London. The seeming disinclination to
 continue the support of the market by | the group of capitalists to whom specu- lators have been looking for that purpose emphasized the disposition to sell. The | weeks movement of money to and from | the interior gives promise of a strong
 bank statement. The weeks large dis bursements of pensions, payments on ac- | count of gold deposited with the Govern
 ment at Pacific Coast points, and some large expenditures by the Government on other accounts has resulted in gain from | the sub-treasury of $3,720000. The ex- press movement of cash to and from the | interior Is estimated to have netted the | banks as much or more.
 The bond market was moderately active | and irregular Total sales lpar value), | g, ,500.000 United States bonds were nu- changed on the last call.