The Montgomery advertiser., 1902-10-16
WALL STREET REVIEW
STOCKS AT THE CLOSE DULL
 AND EASY.
Rumor That Steps Will Be Taken to Relieve stringency of Money Market Caused Better
 Feeling.

NEW YORK. Oct. I5.-Further progress was made toward a higher level of prices in the stock market today, although there were no actual developments in either the monetary or the coal strike situation to in Nevertheless the feeling was more prevalent that the coal strike would reach an early amicable end and that measures are to be taken by Secretary Shaw that will shortly re- Heve the present stringency of the money market. His action was said to be In the na- ture of further large Government bond pur- chases various interests being credited with holding large amounts which would be shortly % o The ,e se eo amd the rsp was vigorously circulated throughout the street.
 the rumor the money market reflected greater ease than in some time. call loans opening at pr cent. the highest. and then shading
 Considerable attention was given to the report that there would be certain modihca- ticns in the terms proposed by the coal op- would insure less opposition from the miners from the points contested. Nothing dehnite colored to some extent by the heavy buying of Reading which showed considerable were smaller than usual in other stocks of this class and there disposition in gen eral to await active developments before pur' suing active operations in this quarter
 Recent speculative leaders among the Grang- CTS, Pacifcs and Southwestern stocks were bought freely and the entire market showed Paul. Louisville and Nashville and Illinois Central conspicuous in the days deai, ings and made exceptional advances or points. Prices elsewhere averaged a point pretty generally with quite an active demand in a number of specislties.
 The Gould stocks a group receiVed the most consistent support. the heavy puylns or Missouri Pacific having sustaining enect on the low-priced stocks. Some disappointment was felt over the heaviness of the London market and the arbitrage dealers turned sellers the early markt showed some weak, Realizing sales however, by the local traders were soon overcome by the appear ance of large orders for the trans continental stocks and the movement throughout the day was mainly upward, although momentarily checked at times by profit taking:
 Trading lacked the breadth and activity Of the early operations of the week. but there was a marked undertone of confidence in the general situation. Sterling exchange rates made further decline today demand nlils ,,s of the likelihood of early imports Of gold The payment today of the second instailment or account looked to as contributing to- ward a further in the money situation as the funds will speedily be redistributed again through the usual banking channels
 Payment was made by the sub-treasury to- day of S2Co. 900 on transfer account rom San Francisco and 1t Is expected that lur.her ,.n to the money market in a few days. NO cur rency transfers have been made to the in terior by this institution this week and there was a feeling in banking circles that the general conditions favored lower money rates
 In the late session stock trading was vir- tually stagnant at times especta'- when the market was under pressure from realizing sales There were occasional bursts Of ac- tiyity and these as rule Se were marked as,ss o Sy weighed the buying orders in the hnai hour and there were number of important reac- tions which were not checked by nnal up- turn in St. Paul to the best.
 The closing was dull and easy. -
 The bond market was dull today. but dis S2 AYE. ooo.