The Montgomery advertiser., 1902-06-17
WALL STREET REVIEW
CHARACTER OF THE MARKET IS
 UNCHANGED.
Operations for a Rise in Few Prominent Stocks Not Aggres- sively Pursued-Fair De-
 mand for Bonds.

NEW YORK. une I6.-The character of tn aays stock market remained the same as Una. or last week. There were operations for rlsc in few prominent stocks, but they were not aggressively pursued. and left no important net results. St. Paul. Missouri Pa cinc. Union Pacific, Canadian Pacific and the Atchsons were most largely dealt in It will be seen that ncne of these saved as much as a point of net gain on the day. although Ca. nadian Pacific rose at one time & Satur- day and St. Paul %. A number of the minor Granger stocks were l,fted at different times, made points advance. Late in the day. after the indifference ok the general market to this leadership was demonstrated, there was an advance in the Readings. This proved equally inefficacious, and the market closed duli and easy. conside, ably below the best. The move- ment in the Western stocks. while obviously professional, seemed based assumption of favorable outcome for the corn crcp and upon the argument of probable dividend in S,easss. Nobody assumes that the Missouri from the 2Ac semi-annual rate and the heavy outlays being made by Union Pacific are But the example of the Chicago and North western increase is influential one and affects especially st. faul. The buying of this group of stocks at the opening suf- hcient to carry up the price in face of rathe. heavy London selling. induced by anxiety over the illness Of the King Of England The leaders of the campaign for the advance pro fess to feel ass turance that the July [ settle ments Will be effective without any strinsency of money Last year the money market became active about this time and at the close of the month call money ran up to 25 per cent. and prices in the stock market collapsed. During July of last year the difficulties in the money market continued an1 the.r effect upon the stock market was aggravated by the dam age to the corn crop. and the coal strike. Be-. tween July 22 and July there was ct IT, traction of over S46.ooO. 900 in loan accounts for the banks. and it not until the lass of July that the banks began to expand their loans again. after large receipts of cash from the interior and from sub treasury disbursc ments. The foreign trade statement for May. just issued. shows an increase in exports of upwards of S22. ooo. 900. showing that the K ports of manufactures fall somewhat below those of May last year in addition 10 the heavy decrease in agricultural products. Fgr eleven months in the fiscal year the trads bal ance in favor of this country is thus reduced nearly Sl63 COG, 0oo below that for the responding period of that year. The indus trial department of the stock list was gen erally heavy. United States Steel stocks were slightly depressed by the making permanent of the injunction against the stock conyers on and bond issue plan pending the appeal to the up per court.
 There a fair demand for. bonds and prices were firm. Total sales tpar vaue). S2.- 465. 900 United States 2's coupon declined 1s per cent. and the cid As advant ed h per cent on the last call