The Montgomery advertiser., 1901-06-22
WALL STREET REVIEW
ADVANCES QUITE WIDE IN
 SOME QUARTERS.
Prospects of a Better Bank Statement Than Had Been Anticipated Caused More Cheerful Feel
 ing in the Market. @

NEW YORK. June n.--The prospects of better bank statement tomorrow than nad been expected caused a more c:iesr- 1ui feeling in the stock market today. Ad- vances were quite wide in some quarters or the market and there was appreciable increase in the interest in tn. market, ths dealings again rising over the half have been felt Regarding the weeks gold exports were alieviated by the pubiica i1n of the preliminary estimates of the cas- movements of the week which showed that several factors had co-operated to offset the outgo of gold. The most im- portant of these was a large influx of cash attracted from the interior by the ment has apparently served to offset the drain to the sub-treasury and left a mar gin of gains for the banks of over a mill Hon dollars. The sub-treasury operations payments for almost sl,0O0,o0O of gold ex- ported showed an actual withdrawal from the market of only g. 29l, ,O00. The months high level of pension payments, the re- offer of the Secretary of the Treasury and the redemption of checks issued against deposits of gold in San Francisco are the offsetting factors. The changes in the
 Rumors were ripe of the liqu. dalton of some heavy corporate loans. The emp e. tion of the subscription payments on the new Pennsylvania stock, which was issu ed
 
 chases of stocks in other companies af- lords means for the liquidation of the large loans Incurred while the purchases were being made. The Pennsylvania col lateral loans on this account were stated at over $20 900 in the annual report and this admittedly had been added to since. The explicit statement was made today that these loans had been paid this week, but no authoritative information could be obtained on the subject. Ths Tone of the money market was easier today. A new version of the St. Paul deal today had It that block of 260, GOO shares of St. facifc interests was in fact to be ex- changed for an amount of Union Pacific stock estimated at an equal value. thus ity of interest. There was renewed buy ing of some of the large speculative op- orators who have been quieScent this week. Union Pacific was carried points over last night and St. Paul at one time points. although the latter stock react- ed. Reports that working agreement had been arranged between Pennsylvania and the Wabash caused the Wabash se- ing IS, the preferred 1%. Missouri Pa cihc rose 21z later in the day. Canadian Pacific rose Sk, followed by some of its subsidiary lines apparently on the hope York Central seemed to be associated with the dividend movements of the Van derbilt companies. Peoples Gas was maFkeu up over points on the prospect of contract with the Chicago authori- ties. American Linseed preferred rose on the advance in the price of the pro duet The local traction stocks were strong. led by manipulation and sugar showed good gain. but without expIana- tion. Colorado. Fuel. selling ex-dividend, showed gain at one time Of A, but saved only 2 points net gain. General Electric. after rising 2 points, broke 5. There was an unusually large number of low-priced railroad and industrial stocks which are not usually active. that rose from l to points without explanation The market closed quiet and steady and with some stocks selling at the top Amalgamated Copper during the latter part of the day fully recovered it's decline which had extended to IJk
 The speculative railroad bonds were quite generally active and strong. Total sales par; value), $4ls5.O0 United States bonds were all unchanged on the last call