The Montgomery advertiser., 1901-11-02
WALL STREET REVIEW RELIEF TO THE MONEY MARKET
 IS PROMISED. Secretary Gage's Offer to Buy Bonds is Being Hospitality Serve to Facilitate Shipments
 of Gold.

NEW YORK, Nov. 1.-The prevailing unset
 clement of speculative sentiment was well H.
 pressed as to the effect of the renewal of Gov ernment bond purchases by the treasury The wavering sentiment shidteH so,v ,son ;t became known that the offerings of bonds at the SUD treasury already amounted to s ,2S2 900. thus promising considerable relief to the money market. It was urged this morning that the action of the Secretary of the Treasury rhght be taken as a waning of strength in the money conditions to come, alteSugn so gn, osY the months surplus revenues or S95Ol 9oS
 compared with surplus last roDd for T1 o tbs outlay in bond purchases without any regard to extraneous circumstances. It was also i a,, {, gued that the release of treasury funds would simply serve to facilitate the exports Of gold | The closing of London and Paris exchanges | tion of the foreign situation and gave oppor- tun.ty for number of favorable incidents 10 | work with cumulative force. The result was | a rather animated buying movement in the | last hour which turned the market strongly
 upward and left prceS as tns trp P genS l and | the leaders in activity are point above yes, | terday fin number of cases Baltimore ana | Ohio was conspicuous in the late dealings and | 1t rose 2% without definite news. Pennsyl l
 vania had the benefit of the extra dividend | declaration thus making 1.-the return to stock l holders per cent. for the calendar year or the same last year. The preliminary figures of the movement of more cash dis closed the fact that the current of the in terior movement had turne toward New fork
 the net gain as result "t IIrsGt g h stnn |
 ment of sub-treasury operations includes in its net results the payments on account Of gold at Pacific Coast points, the transfers of cur rency through that institution and the with draWals Of gold for export which effect loss to the banks of $3. 925, 900. The loss in cash by the banks on all accounts seems, there
 fore. to be something over S2 100000 Tor the
 week. The easy condition of the money mar ket and the action in the stock market is pretty clear intimation of strength by the banks so that there may be changes in the loan item to offset the cash loss roday's cot ton exports were again very high, reaching
 lo8 GOO bales, and the wheat exports for the week have run up to 6,673ooo bushels It is believed that active movement of cot ton abroad would be most effective toward de- pressing exchange and checking the export of gold There was a number of conspicuous movements in less prominent stocks. Minne- anolis St Paul and Sault Ste Marie rose 4, inc preferred TO- Pere Marquette A. New York Chicago and St. Louis first preferred 312, Glucose 2Ts. National Salt preferred A. New Northern Pacific preferred gained and Great Northern preferred A. The local fractions
 were strong and the Southern Railway stocks, Louisville and Nashville, New York Central,
 Hooking Valley and the stocks of car compa-
 nies showed strength. Sugar was heavy on the cut in price by competitor and EVans- vile and Terre Haute dropped A.
 Railroad bonds were quite active and IT. regular. Total sales, par value, S2,Soo'oOo United States 3's advanced A, refunding 2s | and old As F.. the 5's % and the new As 42 | per cent on the last call.
 Money and Exchanges
 NEW YORK. Nov. I.-Money on eall firm at