The Birmingham age-herald., 1902-06-14
SPOTTY STRENGTH
 HERE AND THERE Stocks Most of the Day Dull
 and HeSitating BONDS GENERALLY FIRM The Bull Leadership Secured Larger Following Today Than at Any
 Time During This Week.
 Closed About Steady.
BONDS GENERALLY FIRM

New York, June 1S.-After a dull and hesitating market during the greater part of today with isolated upward movement 'hcre and there, the market broadened in the final hour and moved upward quite generally with considerable show of strength. The activity was attributed to the same speculative leader who has been concerned in all recent important movements and whose return to wall street this week gave immediate rise to a show of awakening. Whatever the motive of the buying, the bull leadership secured a larger following today than at any time thIs week, notwithstanding number of new developments not im- mediately encouraging to a rise in prices. The preliminary figures of the weeks current movement which are usually the center of interest In a Fridays market. gave no promise of a strong bank state ment. The sub-treasury absorption of $2, 4O6 900 apparently has been little more than offset by the balance of receipts from the interior. There Is no indication of any considerable loan contraction during the week, and time money con- tnues to reflect the cautious desire of borrowers to provide themselves with fixed sums for a considerable time to come. Today's crop news was regarded as favorable on account of the com plaints of too much rain in the south west. Part of the strength of wheat was attributed to an improvement in demand for export but this failed to de- velop fully. The figures of the May az ricultural exports were decidedly unfa- vorable, the decrease in value from those of May last year reaching over s20 000, 900, the breadstuffs alone decreasing $13.- 765,000 and amounting to only about half of last May.
 Advances of a point or more in Read ing had an important effect upon the late market, but there was no news to show any prospect for an early settlement of the strike. The increase In demand for stocks was incontestable nevertheless. The demand was due mostly to indi- Nidual causes. Sugar advanced on the oy6r-sold condition of the market for re- ined product, and was benefited also oy the reports of special presidential message to Congress reinforcing the recommendation for Cuban reciprocity There were number of very large in C idual buying orders for Mexican Gen. 1 el executed n the early market, but the buying was not followed up. The arop of Sh points II, General Electric Was probably Cue to reports of a new combination of electrical manufacturing companies, backed by strong capitalists. The stocks afterwards rallied points. Chicago and Eastern Illinois rose Az points further on persistent rumors of ln offer for control. The days reports of railroad earnir gs showed a continuance in excess of this time last year.
 The market closed rather quiet but steady. There was a large demand for Wabash debenture bonds, and an ad- vance of 2h per cent. The Burlington lolnt Is were also in demand. Tho mar ket generally was firm. Total sales, par value, $3,69o. OoO United States Ss declined a per cent on the last call.
 New York Stock Letter.
 By frisate "lr- To durpny A Ca