The Montgomery advertiser., 1901-08-07
WALL STREET REVIEW
PROFESSIONALS STILL IN COM
 PLETE CONTROL.
General Conditions Independent o' the Strike Situation Receive Consideration-Higher Prices
 for Securities Reflected.

NEW YORK. Aug 6-Genoral condi- tions independent of the strike situation received more consideration today than
 for some time and were reflected in high CT places for securities. The absence du-
 ring the greater part of the day of any
 sensational strike news, combined with the support which the United States steel stocks received after their opening weak ness also aided the improvement. These conditions underwent radical change in the final dealings when report was current that orders for a general strike or
 steel workers would be issued tonight. The professional operators promptly put out large short lines and brought apout declines of from l to points in the most prominent stocks. The market Tn detail showed a pretty steady improvement from
 the outset. the occasional setbacks which were forced by realizations being aearly overcome by good demand Tor ooth ac- counts and evidences of inside support.
 London's attitude was regarded Witn some interest. but arbitrage operations proved small and were without lnnuence
 News from the crop regions was more encouraging and was supplemented by the weekly Government crop report, which indicated improved conditions at important points. The outlook for a large crop of spring and winter wheat. in addition to some exceptional railroad earnings also helped to sustain Iilces. Of the latter Southern Railway and Ms souri Pacific systems showed increases of S113.952 and $2T7.000, respectively, for the fourth week in July. The gain for the month of July in gross earnings by the Great Northern of $415.71O. indicated the volume of wheat which Is now being moved to the seaboard to meet the heavy
 export and the higher prices Of cereals today prompted the better demand from
 the wheat carrying roads.
 St. Paul led this division with gain at one time of 25s, touching 15IA. On the other hand. Atchison spurted aalmost as much when corn displayed continued heaviness. Support was noticeable for terday. these including the Eastern trunk lines. Southwesterns. fractions and Pa cifics, where Improvements had been made
 of from to BE points.
 Sugar felt an early resumption of yes terday's weakness. but after losing point sold up f. All these gains were con- siderably reduced during the late selling movement and net gains were limited to fractions. Trading in the steel stocks was comparatively light and there were
 not many large individual blocks. But S.. 0O0 shares were dealt in at the opening | at a gain of A per cent; The stock soon yielded K below yesterdays close. but later on got 7s above and ended unchanged for the day. Pressure was noted against
 the preferred right from the start, but
 after yielding ss it got 1s above yester- days final figures and ended with a loss of ss
 Money rates rule easy today and the chief feature of this department was the
 debit of $1, ,392. 19s by the sub-treasury at the clearing house this morning ac- count of drafts drawn against gold de-
 posted at Pacific Coast points en route from the Klondike. Foreign exchange
 rates were firmer today. demand bills
 bringing 4sT7s with the demand only mod
 eratN. There was some talk of the likeli- hood of gold exports to Germany later in
 the week. which if made would be spe-
 cial transaction and have no bearing on
 current conditions. The closing of the
 stock market was weak with business in increased volume.
 Railroad bonds were quiet today and the price movement was irregular. Total bonds were all unchanfged on the last call,