The Montgomery advertiser., 1901-08-16
WALL STREET REVIEW
RIVERS LARGELY oUTNUMBER-
 ED THE SELLERS.
Conclusion Drawn That Improve ment is Due to Covering on the Part of the Short
 Interests.

NEW YORK, Aug. 15.-Buyers today largely outnumbered sellers, despite the generally professional chAracter of the dealings and the weeks rise. The net result of the days dealings showed so many important gains that the conclusion is drawn that the improvement is due in no small part to covering by the snort interest who have met but little srock on spasmodic raids earlier. The bull fac tfon did not become very aggressive until near the close when there was general buying up all around and the top prices ot the day were made. The news ot the day was favorable in every respect, in- cluding continued easy money conditions, lower sterling rates and smaller earn ings for the week in August The foreign trade statement for the month of July and the seven months showing m excess of exports over imports of $S6, ,134,01 and S324, ,546. .625 for the respective periods drew renewed attention to the commanding po- sition United States occupies in the worlds trade The opening of the stock market gave. promise of a rather active speculation, but animation soon died out and the market relapsed into dullness which was not relieved until the vigorous rise at the close. Interest was less con centrated in the grain-carrying roads, the Coalers. Southern. Eastern and high priced specialties all receiving consider able attention during the day: St. Paul nevertheless covered about the widest movement pf the usually active stocks, but still it did not exceed a 2-point range. The preferred stock jumped nearly $ points and Rock Island gained on few transactions. The demand for these stocks together with that for Atchison and the Pacific was very pronounced late in the day and the buying for both ac- counts carried them up materially. An thracite coal road stocks responded nota- ply to the improving trade conditions. especially Erie, Ontario and Western and Pennsylvania. There was more general demand for the low-priced rail- road stocks and Chesapeake and Ohio, Chicago, Indianapolis and Louisville, Nor folk and Western. Iowa Central and
 Southern Railway rose from to 2 points.
 The heavy absorption of the latter was attributed to buying by controlling inter- ests. There was little of interest in the movement of United States steel stocks to- eased off, but rallied again at the close and ended E each higher for the common and preferred. Other metal stocks showed pronounced strength. gains run ming from to PIE in American Smelling, Republic Steel preferred, Amalgamated | rado Fuel was up 312 at one period. Pur- chases for foreign account were again on large scale and this is in connection with larger offerings of grain bills in the sterling exchange market caused a de- cline in demand sterling to 4.S71a. Sugar
 was reactionary most of the day and at one time declined a point, but in the final dealings it was rapidly advanced and end ed with net rise of 2A. The market as more active at the close than at any ether period of the day and ended strong at the highest
 Railroad bonds were higher in sympa- thy with stocks, but were rather quiet.
 Total sales, par value, $1.010,G00 United
 States bonds were all unchanged on the
 last call.