The Montgomery advertiser., 1901-08-23
WALL STREET REVIEW
uNDERToNE OF FIRMNESS IS
 PERSISTENT.
Stocks in Which Net Changes Are Noticeable Are Few-B. & o. Was Conspicuously Strong
 Throughout the Session.

NEW YORK. Aug. 22.-Daalings In
 stocks still further decreased today. but in
 spite of the extreme dulnesS of the mar
 ket the undertone of firmness which has
 recently characterized it persisted. The1e
 were more points of positive strength in
 today's market. than in vest .Tday s, but
 tfe general list showed perhaps slightly
 less sympathy than was the case yester-
 day. The stocks in which the net changes
 are noticeable are very few. Baltimore
 and Ohio was "onspicIously strong all
 day, rising an extreme poinss ana the
 bituminous coal carriers generally were
 firm iE sympathy. Rumors persisted In
 Wall Street of l pending consoN1ation of
 all the leading soft coal snterests. There
 was also late squirt in Missouri racine
 which carried the stock 2A over last night
 RunL rs of beneficial asre between
 Pennsylvania and Misso ri Pacific con
 corning the Wabash were responsible for
 the movement. Both stocks were affected
 also by a nervous short acSonnt. There
 was a vigorous advance in Amalgamated
 Copper in the last ho"r, which lifted that
 stock 3h points over last night and carried
 Anaconda with 1t If on talk of further re-
 ports of cons olidation of copper interests
 The anthracite stocks continued to show
 strt ngth seemingly on general conditions
 of trade and in the fact disclosed by the
 Fries annual report that the stock Of
 Lehigh Valley had been distributed
 among the other anthracite interests. The gains extend to in Lackawanna. St in Delaware and Hudson and ldlas in others of the group. In all other prominent stocks movements were restricted frac- tions. The firmness of United States stocks was maintained on a very light vol ume of dealings. The firmness of the market was in face of some rather notable selling for London account 10 the unset tied feeling on foreign bourses induced by tf,; Franco-Turkish imbroglio and disap- posntment over the maintenance. of the Bank of England rate. The decision Of the bank authorities on this point, in face of the very strong position revealed by the weekly statement and the continued downward course of the open market rates | for money showed that the future contin- l gencies in the money market, when the crop movement in the United States comes | to be financed. are still dreaded. The ef- feet was manifest upon sterling rates in Berlin and Paris and also here. the frac- tional advance in New York occurring in | face of seaboard wheat clearances of T39. | 900 bushels. or about three times as much as yesterday. The reported movement of cash from Chicago to Western grain re- | ceiving points found it's response today | in a drop in New York exchange at Chi caGo to 40c discount, compared with 9 cents yesterday, while New York banks l deposited $500 900 at the sub-treasury for transfer to Chicago. Meantime the sur | plus of the Government reevnues continue | to make large gains over last years re- | the local money market where call loans | continued to rule easy at 2h per cent, or lower. Some of the speculative and | convertible railroad bonds were again ac- | tive today. Bonds generally were quiet. | but firm. Total sales, par value, $l .9b5. OOO. United States bonds were all unchanged | on the last call.