The Birmingham age-herald., 1902-10-29
STOCKS CONTINUE
 IN SAME OLD RUT
All Around DulIness, Apathy
 and Little Business.
PRACTICALLY NO DEMAND
Prices Manifested a Tendency to Sag Early In the Day, But Rallied Later and Closed In Many
 Instances Higher.

New York. October 2s.-In no important particular did today's stock market diff fer from any of the preceding fortnight. There was the same all-around dullness and apathy and the little business trans acted was almost wholly professional. Commission houses reported next to no demand, either for the long or short ac- count, but some of the western houses bought moderately. Prices manifested further tendency to sag in the early day, but rallied later and closed in many instances at a higher level
 Sterling exchange was factor, advanc- ing to S4S6sz, as a result of the strong demand for long remittances. Most of the days business was done on this basis. Commercial bills were in good supply, but bankers, having to remit by tomor- rows steamer, absorbed all offerings. Those familiar with the movements of Paris exchange figured that New York was about half a cent away from the point where gold could be exported with profit. In case any remittances are made in gold, it is clear that Paris will be their destination. These experts argue that whits no exports are likely to be made immediately, yet such movement may come in the middle or the latter part of next month. Anything like detailed account of the days doings in the stock market seems almost superluous. Quo- tations at the opening were fractionally lower and without significance.
 Early movements included an apparent ly active demand for Texas and Pacific and St. Louis and San Francisco issues, a moderate advance in St. Paul and St. Marie and initial lass of 1 per cent in Louisville and Nashville. The list hard ened and prices advanced quite general ly, but the most important gains at this particular time were in the special class which included American cotton oil and Virginia Carolina chemical stocks. Man ipulation was shown in the movement of International Power which opened with a point decline and made a further loss later. The market held fairly steady un- der its rally being assisted in part by short covering, but attempts to realize OH the advance, notably in St. Louis and San Francisco, were unsuccessful those issues closing lower than the previous day. One of the features of the after noon, which was otherwise quite dull was the activity in Sugar It was ex- tensively purchased for Boston account but the stock closed at net loss. A few special movements out of the common included a 4 point decline in the price of Keokuk and DesMoines preferred, on the sale of 100 shares, and a drop of 5 points in Western Electric. More or less uniform strength was shown during the day by such stocks as Texas and Pacific, Minneapolis, St. Paul and Salt Ste Marie common and preferred, Baltimore and Ohio, Missouri Pacific, Cotton oil and Virginia Carolina chemical. Norfolk and estern, one of the most active features of the day, recovered the greater part of it's early loss, and the weak features. other than those already named, embraced Erie the second preferred, Delaware and Hudson Kansas City Southern, New York, Chicago and St. Louis, Chicago Greatwestern preferred and Colorado Fuel. London was again selling, though buying moderately in the early decline. The closing was firm.
 The bond market was dull and feature less, but generally steady. Total sales, par value, $1, 410,0O0 United States bonds were all unchanged on the last call.