The Montgomery advertiser., 1902-06-19
WALL STREET REVIEW
BULL LEADERS SHOW AN Ao-
 GREsSIvE FRONT.
The Market Broadened and There Was Material Increase in Ac-
 tivity-Strength Distributed Throughout the List.

NEW YORK. June Ie.-Leaders of the bull campaign In stocks made more aggressive demonsu ation today than at anS time since the campaign was inaugurated The market broadened and there was material inert ase in activity. the volume of dealings ris.n .ns hd, fGr any S sncs strength in the market pretty generally disseminated through the industrial list. but exception to the strength prevailing else- where. There was little news to account for the rising tendency The bulk Of the opera tions were attributed to the western part .es which were credited yesterday with having secured corner on July option in corn. The distress of the shorts in the corn market this ornirg seemed to give added effect to the demonstration in the stock market. but the sharp reaction in corn did not alter the tone of the stock market. The news of the day was rather adverse to the rse in stocks. For instance the calling of a national convention of coal miners in Indianapolis must be re- gardcd as increasing the probab. .lities of a suspension of work among soft coal miners. On what principle this news should induce an active demand for Reading and also for the soft coal carriers. is not very clear. In fact realizing made itself effective in Read ing and wiped out all its gain. The report in a portion of Tesasa where is I," it was needed makes it equally difficult to account for the strength of the southwestern grangers. Ney- erthe1ess Missouri Pacific was absorbed on an enormous scale. The Gould railroad stocks generally were affected in sympathy and es- peciaily St Louis Southwestern preferred;
 
 the Gould system and the general belief in the coming formation of a central holding com pany was persisting influence in those stocks. The dealings in Union Pacific were also well up to the total of other leaders. The most inluen ntial movement in the market was that in Illinois Ce.itral which was lifted an ex- treme of seven points, with constantly in creasing urgency as the top, level was sr- proved The stock reacted two points at the last. The fact that the board of directors were in session gave rise to a flood of runners Of an important announcement to be affecting the value of the stock, but the market closed without any regard to the news. The sitna- tion in the money market was unchanged, bu' continental exchange continued very firm and there was no recovery in sterling at par Also the private rate of discount advanced Money was easier in London, but higher rates are looked for there before the end oi the lnonth owing to a semi annual require ment The depression of industrials today were in marked contrast to the strength oi railway. Tho dribbiing liquidation in the United States Steel stocks continued and Sugar was weak the basis that no actior on the Cuban reciprocity will be taken at thii session of Congress The market closed ac tive and rather easy. The market Tor Donds was spotty and irregular. Total sales pal value S45tOen0 United States 2's regis. tered and the old 4's advanced b, the 3's and the 2's coupon $ per cent on the last call.
 Treasury Statement,
 WASHINGTON. June Is.-Tressury bal ances, saoo, OPS, POI; gold. sse. 2s4, 372
 Nevv York Stock List