The Montgomery advertiser., 1902-07-18
WALL STREET REVIEW
SALES CROSS MILLION SHARE '. MARK.
Large Number of Different Securi- ties Dealt in During the Day. Heavy Sales of United
 States Steel Stocks.

NEW YORK. July I7.--The aggregate saies of stocks today show further increase in the volume of dealings, which fairly crossed the progress wAs made and the mar ket was broad m the sense that large number of different securttfes were dealt in, and the trading was also better distributed among the few stocks in which the principal activity was centered. The same preference was shown fyr the low priced stocks today with the exception Of speculative incuIsion into the trunk lines and yanderbilts. An attempt was made to bling Western railroads. but it will be observed that the desire to take profits on the con siderable advance which those stocks have ward progress. The United States Steel stocks renewed the struggle to advance but again met heavy sales at every stage Some Of yes, acutely affected by profit taking. Ths was notably true of the Chicago and Alton stocks. sudden relapse of over points in Colorado Fuel after 4-potnt advance had decide iy chilling eKects and put sudden stop to the activity Of the market leaving 1t with level which fairly averaged below last night. The ope ming advance in Colorado and Southern and KansaA City Southern was attributed to the same forces as was the Chicago and Al
 ton movement. These movemen are supp .sed 10 sisnAilse the return of the Western con in gent from the corn market to the stock mar ket The tone of doubt and hesitation sh1wn in the market for the July corn option at Chi cago was taken as warning for possible spec, about to the animation of the market was chansed again by the heavy demand developed for the Reading stocks and the coalcrs This demand was undoubtedly based upon the as sumption that the coal miners convention will decide against a general strike. Late in the day Cheshpeake and Ohio renewed It's strong advance to the extent of 2A. but without checking the selling to realize at other points and making the closing irregular. Al ,hough there was supposed to have been extensive speculation upon the unknown chances of the Analgamated dividend the declaration at the unchangsd rate. failed 10 arouse that stock from the torpor in which 1t rested all day
 The day'A activity evidently represented the prosecution of regular campaign for rise which was based upon today the absence or any unfavoYabie factors rather than upon any new deveiopm ents flvoring higher prices. Cal money rates worked easier today and there was difninution of the pressure from the In T terior for currency. Sterling exchange main tained it's firm tone and time loan rates are strongly held. The controllers call for state. ments of condition of national banks as Of yesterday marks an event for wh eh the re cent extra demand for cash from the, inte'ior has been m preparation. It was srbtect or remark that the required date of condition was unusually rear to the date of the call. indicating q purpose to ascertain cond ons as nearly as possible of even date. There was some question whether this new depar- ture does not conceal a strateGem designed to increase the trustworthiness of the showing Bonds were active and firm. Total sales lpar vaiue), s4 o3 900. United States refunding 2's and the old As declined t per cent on the last call