The Montgomery advertiser., 1902-06-25
WALL STREET REVIEW
EDWARDS ILLNESS A SHOCK TO
 THE MARKET.
Met by New York With Great Equanimity and Supporting Orders Were Immediately
 in Evidence.

NEW YORK, June 24.-The official an
 nouncement of the illness of the King or Eng
 tion indefinitely was an inevitable shock to
 the secn ities maI ket of the world. The New
 York market. however. met the shock with
 great equanimity and the vigorous supporting
 orders placed in the mark by the specula-
 tive parties which have constituted themselves
 the guardians of the market soon checked the
 downward swing of prices wIth whicn tne
 trading began. London was quite an active
 seller at the higher level maintained here. but
 this selling was well absorbed and pretty
 general recoveries effected within the hrst hour
 of trading. With the unfavorable entct or the
 English news thus apparently overcome. u
 is difficult to say how far the normal eondi-
 ton of the market restored and the sub sequent evidences of weakness might De que to independent causes Undoubtedly the con- siderable liquidation in Ana gamated copper and Colorado Fuel had an unsettling eHeet on the whole list This selling clearly sdue 10 causes quite independent of the fife or death of the King of England. Manouvers ny pro fessional bear were added to other causes for the weakness of these stocks. pprehensions of unfavorable turn in the copper trade helped the weakness Of Amalgainated anu the internal dissenson over dividend policy aggravated the weakness of Color ado Fuel
 These stocks rallied smartly and were not
 nlai ket. App ehension of the outcome Of k.ns
 Edwards condition caused the late reaction
 following the favorable reports of the opera
 ton which helped to rally the market put
 more effective influence grew out of the pen
 dency of gold exports. which seemed to anect
 the market more seriously than did the depres-
 
 has been moving pretty concius.vey towards
 the gold export, but 1t has been expected that the actual movement would probably be de- ferred until July Today's event. however, precipitated a withdrawal of credits from Lon don and transferred that pressure from London to New York As consequence 1t is gener- ally expected that gold will go out on IhuIs- day morning or Saturday of this week. The effect on the expanded credits in this market and the narrow reserve resources is awaite1 with some anxiety. The weekly crop bulletin and the backward condition of the corn crop indicated was depressing factor in the late dealings The strength of Reading was ac- con panied by reports of break in the ranks of strikers at Nanticock, Pa. The market closed dull and heavy. . Some of the speculative bonds were weak in sympathy with stocks but stength at other | points made the market irregular. Total sales | tpar value), S3, 375, ,o0o United States bonds | were all unchanged on the last call
 Money and Exchange.
 NEW YORK. June 24.-Money on call | steady at 2hq3 per cent: closed offered at 2ts | per cent Prime mercantile paper. 4lsq5 per | cent. ,--- l Sterling exchange firm with actual business | in bankers bills at 4.57% for demand ana al | 4 85% for 60 days; posted "ates, oo'a ana | 4 6Sl4d4. So
 l Commercial bills, 4 S4ssGl4. 95ss.
 | Bar silver. 53: Mexican dollars. 42l2. | Government bonds steady: State bonds mac tive: railroad bonds, irregular.
 | Tnux vork StOcL TiSt