The Montgomery advertiser., 1902-03-07
WALL STREET REVIEW
REMARKABLE EXHIBITION OF
 STRENGTH IN SPOTS.
Several of the Customary Market Leaders Were Included in the
 Upward Movement-Bonds s Dull but Firm.

NEW YORK March 6.-Today's stack mar ket made a remarkable exhibit of strength in spots. Several of the customary market lead CTS were included in the upward movement. The strength of the markets nevertheless failed to carry cony yicton 70 the genuine ness of the demand which lifted prices to a higher level. As the advance gained head way various outstanding short interests were gently to cover short contracts. The demand was so far unoucstionably genuine. Other wise there was the appearance Of mantpula- tion. This was partly due to the character of the stocks which advanced most conspicuously, stocks which are often not heard of for weeks any tangible news today to account for their strength. either affecting them individually tions which have made the basis of the bear argument earlier in the week continued in new obstruction to traffic threatened inroads upon future showings of earnings The en- gagemsnts of gold for sspS5t @ onn Sn sstSrasy lay possibility of further engagements tomorrow still open. Reports of friction over freight of freight associations on account of threat ened action by the Government continued to be heard. These would all have induced sell ing of stocks fin the speculative temper which prevailed earlier in the week. They were ig nored today. A very strong sentimental effect strength in Chicago % "and NortSWestsrn and the character of the buying which lifted it, and which had every appearance of genuine which directly encouraged the heavy buying of St. Paul and which leavened the whole market in the course of the day It was sup plemented by similar movements in other high grade closely held stocks, such Pullman, which rose an extreme l6 points; Chicago. St. Paul. Minneapolis and Omaha, and a number of less conspicuous examples. Northwestern itself touched 233. During the existence of a in the stock years ago il touched 23o. which the previous record Pull man. General Electric. Omaha and Chicago and Eastern Illinois also made record prices today. Another notable movement was in Col orado Fuel which gained 10 points a very active demand and very feverish movement. This movement is supposed to be directly re- lated to that in Colorado and Southern. which was inclined to rest today. although the soc
 ond preferred was advanced points. Out side of these the most notable movements of the day were in varied assortment of low grade obscure stocks. The movement ulti- mately extended. however, to some of the soft coalers led by Pennsylvana and other prom inent stocks. The late dealings showed the usual profit taking and the closing ir- regular. Rates for call loans continued at the high level established during the week. The announcement that the San Francisco traction deal will be arranged without trans ferring money through the sub-treasury re- and revealed that the tentative inquiries in Washington as to the facilities to transfer of $50. .ooo. 900 to S6o, ooo. 900 were probably a strategic move having to do with the nego- tiation of exchange on San Francisco in the market.
 The bond market continued rather dull. but was firm Total sales (par value) S2 480, 000 United States 2's registered and the 3s ad- vanced k on the last call