The Montgomery advertiser., 1902-01-23
WALL STREET REVIEW OUTSIDE PUBLIC SHOWS GREAT
 INDIFFERENCE. Banking Interests Also Abstain from Taking a Hand-Metropolitan Street Railway Was the
 Central Figure.

NEW YORK, Jan. 22.-The professional op- orators in the market made an upward turn or ket -and the congestion of the scanty dealings into a few stocks nearly reflected the senti- ment of indifference of the outside pubic p.9a s ss the great banking interests which mace the great bull markets of last year from any hand in the trading. Such narrow price move. we. ment as there was was pretty much wiped out
 in the closing dealings and many stocks closed below last night Meopotaa s.et and oyss
 up late in the day an extreme 3H on volume
 of dealings very unusual for that stock. The
 cuiated to explain the movement. which were
 in general agreement as to coming issue
 Sofders. but which varied greatly to the
 use to be made of the proceeds of the stock
 sale. There was talk of consolidation or all
 zation of the production of electric power for the benefit of all of them. The stock of other New York public utilities did not fully sym pathize. and reacted sharply at the last Ad- vances of points each in the Chicago and Northwestern stocks and SA in Lackawanna distribution of scrip. Sugar and Peoples Gas gained nearly point at one time This about ton. The rain and snow in tho Winter wheat belt and the promised benefit to the crop were
 ins sea rsiroad Iy stocks Money was easier and the large subscription reported in New fork Tor the German imperial loan argued an abundance of local resources, although the disposition to turn to foreign securities. while the local stock market was so neglected, was taken to indicate Q tendency not altogether favorable The lively speculation in Ka1jrs in the London market while stocks continued to be sold in New York for London account showed the same tendency for speculation to be diverted to foreign markets. The character of good part of the days dealing was shown by the expressed expectation that the Supreme Court would clear up the Northern Securities ques- tion by a decision next Monday, which is merely the day to hear arguments whether the proposed suit shall be entertained. There was recently some speculation in Erie shares based on the assumption that the dividend on the first preferred was to be advanced to z per cent but the conviction has been general for some weeks that the per cent. rate would not be changed. proved to be the case today with little effect on the stock A~e market closed dull and irregular.
 The railroad bond market broadened out To- day bringing forward many dormant mort gages into activity. The dealings in some of these, notably in the Rock Island As and the
 Central of Georgia income bonds and con
 solidated 5s were very heavy. There were
 advances ranging from 1 to 2A in the Rock
 Island 6's and As. the Oregon short line
 6s St Louis and San Francisco 6's and New
 Jersey Central 5's. Peoria and Eastern incomes.
 Central of Georgia first. second and third in-
 comes, the Chicago and Pacific division 6s and
 the St. Paul and Texas and Pacific hrsts: To.
 tai sales (par value), S4 620, 900. United
 States bonds were all unchanged on the last
 call.