The Montgomery advertiser., 1902-07-03
WALL STREET REVIEW
THE STOCK MARKET WAS FIX
 TREMELY DULL.
The Only Notable Activity Was Con- centrated in a Few Securities. Gold Now Coming in
 from Klondike.

NEW YORK. July 2.-The stock market was extremely dull today and the only notable ac- tivity was concentrated in a fe" stocSs. m some of these were new developments to give an ostensible cause for their strength. m others there was appearance of manipula- era market the Ss ga Mas fight owing to the large operations in progress in the money market on account of July settlements transactions all day in Missouri Pacific. Louis ville was in active demand at an extreme ad- vance of 3h. The movement seemed to pc based upon the informal announcement that the purchase in behalf of the company Of Chicago, Indianapolis and Louisville had been effected. Colorado Fuel made another spurt for control. but which incidentally involved forced buying by a distressed short interest. Short covering was also an element in the ad. vance of sugar and the rise on the price or raw sugar also helped that stock. The buying or Amaigamated Copper was at.rieu'ea S ,'ooI to The United States Steel stocks were firm De- cause of the increase in net earnings reported for the last quarter. The statistics of iron and steel production for the past year issued by the American Steel Association were re- garded as an astounding exhibit of active and prosperous conditions in the trade. The steel stocks nevertheless met a considerable volume of selling at the advance. a large portion of of May net earnings of the Peoria system showing increase of over a million dollars compared with May of last year was taken as an index of the large profits accruing to the soft coal carriers as a result of the an thracite strike. The May statement of the Norfolk and Western corroborated the showing and led to the hrmness of the soft coal car riers, in which, however, Pennsylvania shared but slightly. The early firmpess of the local traction stocks was fostered by the increased net earnings reported by the Brooklyn Transit System and by hopes of large profits from the coming holiday traffic. The rate for call loans showed further ease today, but foreign ex- changes advanced. The London market showed additional ease. but pressure was transmitted from Paris where there was d decline or centimes in the sterling rate. Payments today to the underwriting syndicate for the Buriing- ton purchase released large sums to the mar ket and the disbursements of Government in- terest affords relief from any sub-treasury requirements Today there was paid out by that institution on account of klondike gold $500, 900, the first of the season Advices are received of an additional half million to De received from the same source this week. The market closed dull and easy.
 The bond market was dull and nregular. Sales (par value). S2.75o.ooo. United States bonds were all unchanged on the first call
 Money and Exchange.
 NEW YORK. July 2-Money on call firm at 46f7 per cent. last loan at 4kG5 per cent.
 Sterling exchange firm at 4.S7B for demand and at 1. 85% for 60 days; posted rates, 4ao1a and 4Sshd4.se.
 Commercial bills. 4. 94h@4. s5&.
 Bar silver 521z: Mexican dollars, AZ
 Government bonds, steady; State bonds, in- active; railroad bonds, irregular.
 Nsw york Stock list