The Montgomery advertiser., 1901-06-01
WALL STREET REVIEW
BuoYANT TONE SHOWN BY THE
 STOCK MARKEr.
Activity Was Increased, Giving ar Appearance Similar to That Be- fore the Boom Period.
 Bonds Also Strong.

NEW YORK, May 3L-The stock mar set developed quite a buoyant tone to- oay and the activity was still further in- tSsassa' tS' glving the market good deal .ne appearance again that it offered dur l ing the boom period. The strength be- came very general during the progress of the day, but the effect was in part sym
 pstneue and flowed freely from the con Spicuous strength of prominent stocks. The current conjecture in the street point ga to the conclusion that the movement or the principal stocks was due to opera tions by the Harriman-Rockefeier element and to those of the Pennsylvania Railroad in retaliation. The advances scored in the London market during the holiday yesterday and before trading was commenced here today gave the market good start at the opening. and there were many gains ranging between 1 and points. After the preliminary reaction,
 due to the selling to take profits by the buyers Wednesday, Atchison moved very aggressive.y upward on an absorption of
 thousand lots. During the rest of the day there were successive development,
 of similar movements in other stocks. mo-
 tably Pennsylvania Union Pacific, South
 eyn Pacific. Missouri Pacific and tho
 Southern Railway stocks. The buying of Atchison came from many sources, appa-
 rently in an effort to disguise it's origin,
 but the prevalent opinion was that a
 large part of 1t was for Philadelphia ac-
 count, aRd in the interest of the Pennsyl- vania Railroad. large speculative pool Whc disO dCtlNc III LIlC StOCk ana nelDeu
 along the advance by manipulation, The buying of Southern Railway was attrib- uted to the same source. and confident predictions were heard that announce vania control in the company. The ad- vance Tn Atchison reached SIS. in the pre- ferred 29s. Pennsylvania Sz and Southern Railway 3e as a result of this buying.
 Pacific. Southern Pacific and Southwest erns generally was almost equally i'm pressive, Union Pacific rising an extreme
 sN Kansas and Texas preferred sss
 3h. The street was full of we'll defined
 rumors tbat settlement had been
 agreed upon between the contending in terests in Northern Pacific; which re-
 suited in even stronger conditions In the
 railroad world than at present. This was
 the underlying cause of the strength in
 the market. but the railroads in the
 Southern region responded much more
 zion. New York Central rose 2% and the
 saltimore and Ohio M; apparently in
 sympathy with Pennsylvania. The so-
 called ,Greater Missouri Pacific retatled
 strength of the United States Steel stocss
 had conflicting influence. There was
 talk of an early dividend on the common
 stock. It advanced 2% and the preferred -ex. -Amalgamated Copper rose nearly 4
 points in spite of the reported formation of an opposition corporation. The com
 bination of the opposition was said to be
 preliminary to its absorption by the Amaigamafed Company. The stock react
 ed later and closed with net gain of less than 2 points. There were gains of from to 41a in number of other tndustriae.
 Evansville and Terre Haute rose Tis. Des
 Moines and Fort Dodge AZ and Twin City
 Rapid Transit 3k. Preliminary estimates
 of the bank statement indicate that the
 inAew of cash from the interior has more
 than offset the losses by the banks to
 the sub- b-treasury, which include the pay-
 ments to the assay office for the gold
 bars exports. The market closed active
 and strong at a rally from a late reac-
 tion and with many stocks at the top, . Bonds shared in the strength of the stock market on a considerable volume of dealings. Total sales (par value). $.215.- 900. United States refunding 2's advanced l4 ner cent. on the last call.