The Birmingham age-herald., 1902-06-12
STOCK MARKET
 EXPANDS SOME Missouri Patifc and St, Paul Lead in Activity COALERS WERE NEGLECTED There Was Selling at Times to Take Advantage of Sympathetic Gains.
 Closed Dull and IT,
 regular.

New York June 11.-There was fur ther expansion in dealings on the Stock Exchange today which was generally at tributed to the resumption of activity by the newly returned leaders of the west ern group. This activity centered in St' Paul. There was, besides, an active mar ket in Missouri Pacific which had no ap- parent connection with the St faul movement, so far as the Identity ol brokers employed would reveal it. These two stocks ran pretty close race Tor the leadership of the market in point Of ac- tivity, with Missouri Pacific getting rather the best of 1t both in the volume of dealings and In the extent of the gain Just at the close the stock moved up more than two points over last night St. Pauls extreme rise was 1as and was not fully held. Between them the two stocks made up about a quarter of the aggregate dealings of the day. There were considerable gains in other stocks, but these seemed more or less in sympa- thy, and there was at the same time some selling to take advantage of this sympathetic strength. There was no evil dence that any considerable outside fol- lowing was attracted to the movement The advance was made in the face of feeling of disappointment over the month"; ly crop bulletin issued last night by the Agricultural Department. The bulletin showed none of the hoped-for improve ments in the condition of winter wheat upon which the stock market has been acting, and the effect of the high average condition of the spring wheat crop from that of last year. With continued lack of rain in some portions of the cotton belt the influence of the crop news could rot be called beneficial upon stock values. The dominant importance of the corn crop this year was thus emphasized and 1t Is considered likely that this im- portance will gain force from this time forward. The argument was heard that an increase in the dividend on St. Paul is likely from the analogy of the increase In Chicago and Northwestern dividend. The strength of Missouri Pacific caused renewal of old runners that the long-cX- pected plan for the consolidation of the Gould railroad interests into one corpora ton was being perfected. No warrant for either of these reports could be secured in any quarter of authority. The coalers were comparatively neglected but were firm owing to the current assertion that the striking miners were likely to yield the contest soon. Nothing more was heard of plans for a compromise of the contest. Call money was easy and in abundant supply, notwithstanding some demand for stock market purposes, but rates for time loans are firmly held. Rather than make concessions to place money on time bankers prefer to keep their funds in call loans where they are easily accessible for any further increase in the rate for time loans. The approach of the semi-annual settlement period induces cautious policy In the money market. The stock market closed dull and irregular.
 Prices of bonds advanced. Burlington joint As were in demand on the reported extension of the underwriting syndicate. Total sales, par value, $1 990, 0O0 United States bonds were all unchanged on the last call
 New York Stock Market.
 Private Wira in M,,rcA-