The Montgomery advertiser., 1901-09-06
WALL STREET REVIEW PROFESSIONAL OPERATE ON
 BOTH SIDES. When They Perceive That Selling is Not Popular, They Cheerfully
 Turn to the Other Side.

NEW YORK Sept 5,-The operations of pro-
 fesslonal traders. to which business on the
 fined do not make more than a superficial i'm
 pression upon the market. The object of trad
 CTS is achieved if prices are moved' ,Sa %ne,ner r
 fessionas perceived that in selling stocks
 they getting into sparse company usy
 turn with the utmost cheerfulness to tne
 buying side as they did yesterday, and for
 a time this morning, and when the buying de-
 seems danger of becoming loaded up with
 long stocks they begin to sell as they uid
 this afternoon As bseksround to me n,,., maT ness the prospect that the interruption to the prosperous conduct of the steel industry
 termination with which controlling interesth in the great properties cling to their holdings this time to discourage active speculation. pending the clearing of the autumn money re-
 quirements and st the same time anorn CT
 tective support for price securities ee ooc when s
 threatened There was deposited x!ooOOo al
 the sub-treasury for transfer to chicago ana
 S2o.ooo for transfer to New Orleans. festeT,
 days sub treasury operations yielded small
 balance to the banks on account or payments
 for gold deposited at Pacific Coast points and
 count today, but it Is obvious that tne cuI .
 rent Government surplus will render nusatory
 fsese Ssd in fss saken sa ass 900 from the
 ket up to last night. although the movement ot
 that time The offerings of United States
 bonds for redemption under the terms ot tne Secretary or the IreaSuTy hdNe SlhnbS cressed ir the last few days, but they are insignificant as an offset to the drain on ac, count of the Government revenues Wal Street ic discussing relief by sume new ac- tion of the Treasury Department as Is M variabiy the case in periods of money dif- fculty but there nothing announced t9 give color to the expectation Money WoIke firmer in all departments today ana s'erhns exchange fell additional fraction and re- rorts were in circulation of a $500. GOO en- gagement for import Discounts hardened in London but the release Of funds following to- days payment of an installment of consol subscriptions may relieve that market The weekly statements of both the Bank of Eng | land and the Bank of France show losses in | gold reserves. Today's carly show of strength was confined to the coalers. Van1erbilts. GranS- | CTS and Pacifcs among the railroads and Su-
 gar and few minor sPectslties among the | industrials. Brooklyn Transit was weak l throughout on the poor showing of July net | earnings. The market closed weak at declines | running up to 2 points. - Railroad bonds were firm. Total sales. par | value. SI, 45o 900 United States bonds were unchanged on the last call.
 Money Exchange.
 NEW YORK, Sept 5-Money on call firm | at 3iad4 per cent last loan at per cent. Prime mercantile paper 414d5h per cent Sterling exchange weak with actual ousl- ness in bankers bills at 4.65h and 4SoA TOT demand and 4.s3Ia for 60 days; posted rates' | 1. BAL and 4.S7.
 | Bar silver, 56la: Mexican dollars 45bs | Government bonds steady: State bonds nrln' | railroad bonds irregular.