The Birmingham age-herald., 1902-06-11
STOCKS NOW IN
 GREATER DEMAND Notwithstanding This Fat the
 Market Was Dull IN PROFESSIONAL HANDS There Was Some Concentrated Buying of Southern Railway, Which
 Easily Led the Whole Mar
 ket In Point of Activity.
IN PROFESSIONAL HANDS

New York, June 10.-There was some Improvement in the demand for stocks today and upward progress was made by prices, but the market was still dull and narrow to a degree that has not been equalled for the last two years until with in week. Dealings continued almost entirely in the hands of professional room traders, but this element operated with somewhat more freedom than for several days. They were encouraged by the re- turn to Wall street of the leader of so- called western groups of spectators. to which has been attributed all the recent market movements. If there were opera tions for the account of this group they were not on large scale, as is sufficient ly attested by the figures of the days aggregate dealings
 There was some concentrated buying of Southern Railway which easily led the whole market in point of activity. A single commission house often employed by one of tho large financial interests was credited with taking 10000 shares of this stock. There was a general eXpec- tation that tho monthly crop estimate of the government, which was not pub lished until after the stock exchange closed, would make a very favorable showing of the progress of crops dur ing May This was a strengthening in- fiuence on all the granGers including the SoGthwesterns. Atchison and St. Paul were the most prominent in the move ment.
 The grain markets themselves rallied somewhat from the movement to discount the monthly report on the publication of the weather bureaus weekly crop report indicating damage to winter wheat from too much moisture.
 The reported need of rain for the cot ton sections seems to have no effect on the cotton carrying railroads The re- cent dividend increase for Chicago and Northwestern and Chicago, Minneapolis St. Paul and Omaha was a continuing in- fuence of the grangt s. Some special stocks were helped by individual in- huences, Pacific Mail on an alleged re- vival of prospects for the ship subsidy bill, Wisconsin Central on a favorable state crop and the St. Joseph and Grand Island stocks on a report that the road was to be merged again into the Union Pacific system. Canadian Pacific suf- fered from realizing and the selling was attributed to Canadian account from the ame sources as the recent active manip- ilation in the stock. The money mar kel WAS TdlneF easy III Splle ol SOHS lemand for call loans for stock exchange purposes and in face of a sub-treasury absorption since last Friday of nearly n,500,0O0. The traders were inclined to .ake a hopeful view of the prospects of m early settlement of the coal strike for he resumption of operations and earn ngs by the companies. There were some lntimations that plans were making for an attempt to resume mining operations, but no admission could be procured of any prospect of a settlement with the miners. The market closed dull and Iteady.
 The bond market was dull and narrow with an irregular movement of prices. Total sales. par value, $11, ,900,000. United States bonds were all unchanged on the last call.
 New York Stock Market.
 I5y i'rIyate Wire To Murphy q CM