The Montgomery advertiser., 1902-04-03
WALL STREET REVIEW
UNITED STATES LEATHER THE
 MOST ACTIVE SECURITY.
Copper Followed at a Considerable Interval - Sugar
 Was We'll Up-The Demand for Bonds Was Good.

NEW YORK. April 2.--The naming of the most active stock in todays market is in It. self an Illuminating commentary on the cnsr. ar, led the list followed at a considerable interval by Amalgamated Copper. The dealings lh Colorado Fuel fell Into insignificant propor- tions in comparison with the recent trading. Sugar was well up. Of the prominent faii- vile showed a notable degree Of activity anu .the fluctuations did not reach as much as point in either of them The extreme range in United States Steel stocks was $ for the common and i4 for the preferred and both closed at shade under last night in spite year of the company's existence and the oni- cial assurances given of the success or the capital. Many of the usually prominent stocks did not open at all before the middle of to, days session and not few Will be found of any consequence are almost invariably among the less known stocks and the reasons ad, vanced very, obscure. St. Paul and Omaha rose points a few transactions and the preferred 5, but Pierre Marquette dropped s on only one sale: The Hooking ing common rising and the preferred 2. Rumors revived of plan to retire the preferred and the Toledo. St. Louis and Western were bought apparently on the strength of their
 bs SaS n stocks s n am manner the supposed sudden realization of the valuable equities in the property. The movement in the leather stock was on the as- sumption that the preferred stock and its claims to deferred dividends were to be cleared up in some way by a bond issue. Thtre were other movements less degree but those will serve to illustrate the character or the market. The losses. which were literally sprinkled through the list of stocks Of 8 simi- lar character had no other explanation than
 they had previously advanced on rumors which have not been confirmed The weak ness Of Rock Island was associated with the announcement of its additional stock issue The decline in the Buffalo. Rochester and Pittsburg stocks doubtless due to the coal miners strike in its territory. The move ment in the general list was insignificant It is true that prices were at one time ad- yanced a fraction, but no other cause was apparent than that they declined yesterday. The crop report by the Government Weather Bureau had some influence upon sentiment. but the present grain markets are regarded as under the artificial influence of large specula- tive operations and are therefore distrusted as an index of actual conditions. The statistics of the copper trade and rumors of an ap- preaching agreement among the output and price were given some credence. Future money market developments are still awaited. the casing tendency of money here being counterbalanced by the expectation of early gold exports The market closed dull and heavy on the taking of profits by room traders.
 There was a very good demand for bonds, which was peter distributed than of late. To- tai sales (par value), S2. .48o GOO. Unetd States bonds were all unchanged on the last call