The Montgomery advertiser., 1901-10-08
WALL STREET REVIEW THE DECLINE IN STOCKS WAS
 CHECKED. Heavy and Concentrated Buying was Constantly in Evidence Yester- day-Railroad Bonds Rallied
 in Sympathy with Stocks.

NEW YORK. Oct 7-Lquidation of the same character as that which mas s.2 ueeh snme rarred b-eaks in the price level of the mar ket resulted. but heavy and conceneasea ou: the decline was checked and the latter part of the day was given over & tS its,ad nrices throughout the list. losses in the raiiroai iist being quite generally recoveree gnu i tri reduced; even h m aTsst 1ae opened feeling of dfscouragement was general, especially Decaus9 1 last weeks liquidation had preveS enSs h reason of the extension Of new crealts. & Lne completion of the season Of the interior nr m.one ment of currency. was still to pc met met sien tnete fore and the only clear source from when to supply this requirement was oy tortner liuuidation in the stock market. Foreign eN- change continued to advance. precluding the hope of relief from that quarter Large selling change market Renewed demonstrations in foreign copper securities and forced nqulaa- tion in Paris were the occasion of this for eign selling and the prompt decline in Anal Eamated Copper here gave promise or con- tinuance of that disturbing influence Pressure from the lenders of money undoubtedly at the root of the stock market depresslon' put yulnerabe Poins in the inGnstrs a,bar ,ban tber list in general. and the rates for csli loahs were not disturbed There was growing splr- 1t of skepticism to the prospect or dlNl- dends on industrial common stocks Of wnicn organizations were dependent for success on continued or even increased prosperity rms sentiment toward recent financial projects was extended to the railroad world, by reason Of
  ton and Quincy, which published on Sat urday. and which showed balance or earn ings after charges insufficient to pay the m tesest on the newly issued bonds for which the stocks is collateral st. Paul, whicn soid ex dividend of three per cent. was subJected to savage attack. and was forced down i%: Missouri Pacific lost as much ana some or quite weak. The selling or Brooklyn tlrnasit' which carried it down As was apparently based on the general condition Of poor earn ,n. weak at the extreme decline of 31s on dread of the effect of the war against beet sugar Atchison led the recovery on very eonndent to be increased to per cent There were purchases by a single commission house or several thousand shares each of various stocks ail around the room, and this was supposed to represent the covering by a large Western bear contingent The rally ran between and 3 points in many of the principal active stocks and the demand for Amalgamated copper showed some urgency. the stock rising F over Saturday. The days net gain IS A point The covering demand made a firm closing. A derhiits was a feature of the day. Railroad bonds were weak early, but rallied in sym pathy with stocks. Total sales, par value So 37o ooO U. S. new fours declined A per cent on the last call
 Money and Exchange.
 NEW YORK Oct 7.-Money call firm 3tG4 per cent; last loan 33s per cent
 Sterling exchange firm with actual business in bankers bills at 4.s5A94 s5% for de- mand and at 493N for sixty days
 commerciai coar1u rhsIS biiis 4s2Sa4. ssE.
 Bar silver STA
 Mexican dollars 451a
 Government bonds, weak; State bonds. in active: railroad bonds, irregular.
 New York Stock List.
 Atehison " ... ... .......................... 76ia