The Montgomery advertiser., 1901-10-01
WALL STREET REVIEW MARKET WAS HAMMERED, BUT
 CLOSED FIRM. Corn Crop Shortage Beginning to Be Felt in Tone of Stocks-Rail-
 road Bonds Dull and
 Irregular.

NEW YORK. Sept. so.-The small volume of
 trading today and the tendency of prices 10
 eratiops in the market The dealings were
 hsrdeninx movement retrieved approximately
 one half of the early decline. There was no
 very urgent selling msnifsss at sns In
 uncovering stop loss orders In sugar and to
 smaller extent in Brooklyn Transit and Mis-
 extreme 3x and the other points Declines reached 2 points or over in a number of other
 ssSins stsGs' ana Declines of
 to A among the junior members or the iast
 named group gave emphasis to the feeling Of
 much-expioted rumors of plan for merging
 ali the members of the group Amalganated
 tSs Goppsr seess %ers resed The of
 the spot Copper market in London helped tne
 stock and 1t closed with net loss ot IS
 that the United States Steel stocks were to
 be advanced this week on the ground or
 uiar quarterly dividends on both the common
 and preferred stocks and on the presentation
 co company at tomorrow's meeting. but these in
 timations did not cause rush to puy the
 stocks. speculstors pers%tins in a.s.uS r,.ncs os
 in Amalgamated Copper. Statements that
 working agreements had been made for the
 railroads in which Pennsylvania owns an in
 terest were offered as disproying apprehension
 of hOStflttie8 between the FeuHBytFhutd anu
 the Gould interests. The admission of an ad-
 ditionai Standard oil representative in the
 St. Paul directory led to prophecies Of a
 similar representation in the Union Pacific
 directory and the alleged completion of ne gotiations between the Atchison and the Harri. man interests for the use of the Pacific mall to the same inference, namely: The safety of l the community of interest. Except for a rise | in Pacific Mali no effect was produced by these relnrts, the apprehension hoverins over the | market that the community of interest is not really in concert with the financial powers, hut | only . balance of those powers The October | currency requirement kept uneasiness alive | regarding the money market future. seemingly | with little cause, as sterling exchange weak l ened today and New York exchange hardened | at Chicago, The sub-treasury paiG out today | on account of gold deposited at Pacific coast | points sI Ie4A7 and for Government bond | redeTnption Sl 25o, 900. The incoming French | steamer also brought the S ,ooo.o GOO gold which was engaged in Paris over week ago. | The fact that railroad earnings for the third week of September increased over the corre- | spending week of last year only 446 per cent. compared with an increase for the second week of II.72 per cent. was cited as evidence | tthat the corn crop shortage was beginning to make an impression and last weeks small grain receipts at Chicago formed an additional | argument for the bears. The market closed | firm at the rally caused by covering of shorts Railroad bonds dull and irregular; Total | sales, par value. Sl e9o ooo United States 3's advanced k and the old As and the refunding | 2's k per cent. the last call. The new As | declined Y per cent.