The Montgomery advertiser., 1902-11-29
WALL STREET REVIEW STOCKS SHOW GAINS AT MAR
 KET'S CLOSE. Advances Considered Due in Some Extent to the Demand of the
 Shorts to Cover-Bonds Dull and Irregular.

NEW YORK, Nov. 2e-Prices of stocks closed today considerably higher than on Wed aesday in spite of some rather unfayorable de- velopmsnts and the continuaice of some appre- hension over monetary conditions The ad- vancss were attributed to some extent to the demand from the short interest to GOV ST. In ding up of prices by an element among the trader. which set out to make . campaign known to have been accommodating contracts for some time and their commitments were ex- tsndsd on Wednesday on the eve of the hoii- day. Today's tvadng, nevertheless was dull. as shown by the total transactions. which did not exeed half a million shares. The attend having left the city on Wednesday evening to stay over the end of the week. It was re- gsrdsd as favorable incident that the day of hostility on the part of either side to the controversy for control of Colorado Fuel. The in Iouisviiis and Nashville, which was lifted nearly points, carrying with 1t Southern Railway and Illinois Central in sympathy. The movement was unexplained except on the ground of comparisons contained in recent circular of the investment value of Louisville as compared with other dividend paying stocks. The movement in sugar contained all the ear marks of Q campaign against the shorts and the urgent demand at the last carried the seai accompanied the rise in Hooking Valley. Another center of activity was in the local fractions. Brooklyn Transit at this time led fuctuated narrowly and showed the effect of realizing. Rumors were again circulated of q combination of all the local transit facili- ties, and a share in their control in the in terest of Pennsylvania and New York Cen tral The strength of St. Paul was due to the expectation that the directors would act on the authority to issue new stock at today's meeting. The stock ran off the adjourn ment of the meeting without action. The va rtous centres of strength helped the general advance in the market, which reached point or more in a long list of stocks. The marke, receded when the call money rate advanced tc 6 per cent. in the late dealings. but rallied again and closed steady under the influence of a spurt in Sugar. The preliminary est mates foreshadowed a poor bank return te morrow. These estimates extend on,y tr Wednesday evening. owing to the holiday. UT to that time the banks had lost to the sub treasury s3,433, 900. including deposits fol transfer to the interior. Today, there was deposited in addition $500. 900 for transfer to San Francisco and $ o0 GOO for transfer to Chicago The sub-treasury also had a credit balance at the clearing house this morning and the result of accumulated revenue collsc- tions over the holiday. The interior movement of currency by express was small both ways and the receipts here balance amounted to less than co o00 New York exchange at Chicago also recovered today to 20 cents dis count Sterling exchange continued firm, but the retention of the per cent. discount rate by the Bank of England had a favorable ef-
 Bonds were dull and irregular. Total sales (par value). sl, i45.o 900. United States 3s registered declined \ per cent. on the last call.