The Montgomery advertiser., 1901-09-19
WALL STREET REVIEW
 THE MARKET ACTS IN ACCORD WITH CORN.
Effect of the Developments Most Pro- nounced in the Stocks of the
 Great Western Railroad
 Which Were Buoyant.

NEW YORK Sept l8-People who al gued | stock market -esterday afternoon after the early show of strength was due to the frost scare in the corn belt found continuation Tn ket today simultaneously with the reaction in corn. The loss of all yesterdays rise in the on the lines that took the edge on the appre- hension regarding the reported further damage to the crop. The effect of this development was naturally most pronounced in the stocks of the great Western railroads. whose tranic Pacincs' including Atchison and Missouri Pa ciAc. But there was no reason why the de- velopments in the corn market should have a sympathetic effect in railroads in southern territory. those carrying anthracite and bi- luminous coal and the net work of central traf- usualyly designated as junior Vanderbiltf. Prices of all of these stocks were notably buo- yant and the buying of them was on scale which could only be for the account of the largest of the local interests. Buying was without any specific news. to explain it. It which constituted the determined support of the market all through the recent crisis; @ The viction that what are called the Vanderbilt Morgan. Gould. Rockefeller and Hartman in terests were all buyers on very large scale of the various stocks in which they are in terested. Spectators and professional opera in striving to discover the motive of this buy ing. As there was acute pressure or iquida- HSs Waa not rt sufricent eTpanation. as it was on last Friday and on Monday There was con siderable cross-trading early in the day. which sentiment, brokers usually acting for large capitalists making very large trades on both sides of the market and almost sinultaneousiy sThe persistent. weakness of Amalgamated Cop, per- which fell another E point today, still further confused sentiment: When that stock made a vigorous rally of 2x. the effect of the buying elsewhere became emphasized ana prices level of the day. Southern Railway was easily the feature and nearly all the transac tions n the stock during the last henr were n SntS I,TVo and an extended additional list of the Morgan railroads advanced from | to points; Hook Hook including New York Central. the New YoEk, Chicago and St. Louis stocks. Canadian South Louis: Peoria and Eastern and Lake Erie and Western rose from 2h to Ib, giving rise to ment of a comprehensive plan of merger for all the Vanderbilts. The rise ot As in Sugar was due to the stock snDscTlph,Uh tnIa1 ConSitons in the money market were uanqull undef the influence of continued large outgo from the sub treasury to the money market. The banks have gained during the week from that insti- tuition Sl |, ,546. 900. The easing effect of this replenishment served to further steady foreign exchange rates and deferred engagements of gold for import. while the exchange at Chi cago fell back to 20 cents discount, compared with 10 cents discount yesterday and par on sneculative bonds were active and strong. but there was some irregularity among less active issues. Total sales. par value, e,os1 SS1 oe5 900. United States refTndins 2's advanced F per cent on the last caiI
 Money Exchange.
 NEW YORK. Sept Is-Money on call frmer | at 3hd5 per cent; last loan al < per eeht'
 Prime mercantile paper, sos per cent , ness ssernHb in bankers 6iIs at 4 s4Ng4 s5 for de- mand and 4.s2%@4.s2h for 60 days' posted rates; 1,onmtrs1ai 4 ssH@Hi SiIfs s4' 4s,x@4s24.
 Bar silver. 5s%; Mexican dollars 45H
 Government bonds, strong; state oohus' in-