The Montgomery advertiser., 1901-06-14
WALL STREET REVIEW
NOTABLE INCREASE IN sPECU-
 LAYTON IN STOCKS.
Tennessee Coal Gained 3N on the Acquisition of the Alabama
 Steel and Wire Company.
 Bonds Moderately Active.

NEW YORK. June 1s.-There was A notable increase in the speculation in | stocks today, the Jays business running | up to near million shares. Speculative interest was still decided spotty. There were points in the list nevertheless wnicn were held back by palpable realiz-
 irs; ing; The realization was well taken and ! nnicSed no losses on the stocks. Penn savanna was notable example in ths category and the Southwesterns did not snare in the buoyancy of other Western raiiroads. Very large amounts of Penn- sylvania stock have been marketed this week and in the loan crowd, the stock commands premium. The selling is to q large extent against the buying of rlshts 10 subscribe to the new stock is- sue. Notwithstanding the official dis chalmers of reported purchase of the Pennsylvania Steel Company by the rail
 road company. Wall Street opinion re- gards that as an accomplished fact. The
 continued strength today of Coloado Fuel ana the buying of that stock by some
 brokers usually employed by the Gould
 nontro nsets os aroused tSs conjecture that the
 being sought by the Gould and Hartman interests with the same purposes in view as that ascribed to the Pennsylvania-to
 ,nsnre ras,s the cheap product on of its steel ralis supply. The advance in Colorado fuel reached Sk. carrying it above yes- terday's high price. Other independent steel companies were strong. notably Tennessee Coal, which rose 3R on the ac- quisition of the Alabama Steel and Wire Company. The United States Steel stocks were heavy. the selling being attributed 10 the uneasiness over the development or opposition companies. The Gould liar riman brokers were active in various stocks. notably in Union Pacific. The buying in this stock was on an enormous
 scale and was closely followed by St Paul throughout all it's fluctuations. The
 street was in the dark as to the cause of the movement and attributed it vaguely To further working out of the North western Railway relations and to favor- able crop news. A we'll defined rumor gained currency towards the close that
 some heavy original holdings of St. Paul
 represented in the directory for many
 will appear in the collateral for the
 Union Pacific convertible bonds Union
 Pacific rose an extreme 6h and St. Paul
 Missouri Pacific and some of it's af-
 Inflated stocks. notably Denver and Rio
 Grande. continued to show the influence
 of expected action on consolidation The
 rise in Baltimore and Ohio of 3h was on
 the Judicial decision in favor of the right
 of the common stockholders to all profits
 after the preferred dividend. The pre-
 ferred stock broke points from the
 same cause. Cleveland, C., C. and St.
 Louis advanced SIS on the, reported acqui-
 neapolis and St. Louis after further de-
 cline of 1 point, owing to disappointment
 over yesterdays unchanged dividend, ral-
 lied points. The rise of 5A in North
 American was accompanied by rumors of
 additional enterprises by the company.
 Western Union gained 2is on the strength
 of its large dividend return. Quite a
 long list of railroad and industrial stocks
 advanced from 1 to points. The buoy
 ant ouburst in Union Pacific made the
 closing firm, although there had been
 constant, reactions on profit taking.
 Several convertible bond issues were
 strong and active in response to the
 movement Of their stocks. The market
 generally was moderately active and quite
 firm. Total sales (par value), $5.740,000.
 United States bonds were all unchanged
 on the last call.