The Montgomery advertiser., 1901-10-23
WALL STREET REVIEW MARKET IN AN ATTITUDE OF
 WAITING. Settlement of the Northern Pacific Deal Must Wait for the Arrival of J. Pierpont Morgan
 in New York.

NEW YORK; Oct. 22.-Waiting the Northern Pacific settlement best describes the condition of today's stock market as the con- viction is general that the final steps in the settlement must await the presence in this city of J. P. Morgan. and as that gentleman was reported still in the Northwest on his return across the continent, the outlook for immediate activity in the stock market was not promis
 ing Whether any signfcanee attaches tho so the inc huence which moved the stock market to strength and activity late in the day can only be surmised. There was no clearly denned explanation of the movement, but 1t grew and spread from the Chicago and Northwest stocks Northwest and the Vanderbilts all the way to the seaboard. Northwest itself rose an ex- preferred Ali. Considerable importance was
 produced by this at the last. resulting in ad
 Pacifcs, Changers and high priced specialties New York Central and the so-called junior Van gone abroad that the development pending in the Vanderbilt system Is to take the form of
 melon-outtins for the benefit or Lake shore
 subsidiary stocks held in its treasury provides
 material for large extra disbursement, which | would operate indirectly to the benefit of New | York Central. The pamphlet report of the | Great Northern Railway, notwithstanding the | a result of last years spring wheat shortage. contained 20 hattering an account of the gen. | eral conditions in those regions and the large
 movements of immigrants thither that it was | an important influence in the rise of all the Northwestern railroads. Great Northern pre- | ferred itself fell IF at first owing to the showing of net earnings. but recovered with | the late movement in the group. There was continued speculation In Amalgamated Copper, | the stock receding early on the decline in raw copper in London and the further spread in the price of futures below that for spot. in dicatipg the sxpec tation of coming fall In prices Copper, however, recovered in the late buying movement in the market Large lend- | ing of money on call coming from the banks affiliated with the Standard Oil party was in- terrupted by the speculatorH as an indication
 that the recent attitude of opposition to a speculative advance by that party had been modified. The banks received payments for an
 additional half million of gold at Pacific Coast points, and there were reports that the move
 ment of currency to the South was declining.
 although S275 900 was deposited at the sub
 treasury for transfer to New Orleans From a
 money standpoint the further violent rise in
 foreign exchange was not reassurns There
 seems to be something like rush of cotton
 this week to export points, but this has not had the slightest influence in checking the ad- vance in exchange which would quickly reach the gold export point at the recent rate of ex-
 change. triangular process Of remittance
 from Paris to New York for the payment
 of loans contracted in the Northern Pacific set
 clement are said to be influence in the
 movement of gold from London to Paris. The
 market closed somewhat irregular.
 Railroad bonds irregular. Total sales,
 par value, S2,745, 900. United States old 4s declined h per cent on the last call.