The Montgomery advertiser., 1902-04-24
COTTON TIES At Less Than Manufac- turers Prices. C. E. CAVERLY,
 Atlanta, 0a.
WALL STREET REVIEW
UNDERToNE OF THE MARKET
 IS HEAVY.
Advance in Some Portions of the List Insufficient to Clear Up the Tone-Transfers Over
 100000 Shares.

NEW YORK, April 23.-Today's transfers of stock again reached an aggregate of over one million shares, but the animation of the speculation is decidedly deteriorated from the nearly 2.ooo. .00o-share business of Monday. There was great variety in the dealings today. hut the undertone of the market decid- edly heavy all day and the advance in some portions of the list were insufficient to clear up the tone. The weather news from the Western grain regions was the central topic of discussion. Prices were successfully turned upwards during the dealings. the grain carriers Atchison the opening rise was lh. but half hour later when trading began in the grain market With prices strongly advancing. these ficient evidence that yesterdays hopeful esti- mates of sufficient rain to undo any damage already done were not well founded. The strong rise in the market also helped to depress stocks notwithstanding the unlikeli- hood of any accurate knowledge at this time of the chances of the corn crop. But the evil dence at hand from day to day of the far reaching effect of last years corfi shortage is impressive that the speculative mind will evidently be very sensitive to the prospect of the coming crop of that staple TheIe was renewal of the recent active demand for the coalers, the Readings again taking the lead the supposition that the settlement of the wage dispute is imminent. When however, it was perceived that the strength in this section the dribbling liquidation of Western railroad stocks the movement of the coalers ceased and prices reacted there. Efforts were made on behalf of the leaders to convey the im- precision that the sharp reaction in prices has been cOntved at ana furthered Dy manipufation with the purpose of shaking off weak specula- tive followers in preparation for a renewed and stronger upward movement The market in fact showed the stronger technical position resulting from the liquidation of the weaker class of lightly margined accounts. The pres to sell much less urgent and the fall in prices not so violent, but the selling was less persistent and the downward tendency less constant. The strength of the sterling exchange market called renewed attention to the possibility of gold exports and revived discussion of the present heavily ex- be made for the great steamship merger, the coming stock conversion by the United States Steel Corporation. the provision for the psir- chase of the Louisville and Nashville and the subscription to the Pennsylvania bond issue for $50. COG. 900 indicate some of the heavy requirements upon the present narrowed re- sources of the money market. An incident of the day a sharp rally in sugar of A. on the expression of confidence from Washington that an agreement would be reached on the Cuban reciprocity bill. The stock closed with net gain of 3h. Amalgamated Copper. Ten nessee Coal, the Cotton oil and Virginia Caro- < fna Chemical stocks, International Silver of- fereds and a number of minor specialties were strong. There was strength also in a number of niinor railroad stocks. The Wisconsin Gen. traI. the Toledo St. Louis and Western and the Detroit Southern stocks were in this class The list closed heavy.
 Consolidated Tobacco As were strong and active. Otherwise the bond market ire regular. Total sales tpar value), S4.790. 900. United States bonds were all unchanged on the last call.