The Montgomery advertiser., 1902-10-14
WALL STREET REVIEW
STOCKS CLOSED WITH RALLY IN
 FULL FORGE.
Prices for Securities Reached the
 Top Level After Beginning Weak-Settlemento of Coal Strike is Expected.

NEW YORK. Oct l3.-The violent and all most uncontested break in prices of stocks this morning and a practically complete re- covery this afternoon is the history of today s market. The closing prices showed a sprink- ling of net gains amongst some of the most in Reading and Ontario and Western.
 At one period before noon there were ragged declines indicated of all the way from l to l2 points from Saturdays level, many of the leading speculative stocks having lost to 5 points. The sentiment in the street seemed tending influences of the reports thatSa set tlement of the coal strike had been arranged and the admonition contained fin the Saturday bank statement that there must be further con fractions of loans placed in the stock market. The latter tniuenees swept away all other momentary rally after the opening due to the taking of bear profits by Saturdays short sellers the market pursued a steady downward tion. It was evident that further selling on the part of some of the large speculative pools the demand from money lenders for repayment of loans.
 The Gould southwesterns and some of the stocks in which the so-called Western con tingent have operated largely notably affected. The recent tendency of high priced investment stocks which had been pushed to extraordinary level to break violently small sales continued in evidence in the cases of American Express, United States Express. Northern preferred General Electric and simi- lar stocks When the liquidation first showed SlgnS or decreasing, the pears caused a Sharp rally by covering of shorts, after which the market lay sluggish and neglected for an hour. The speculative sentiment then yielded to the influence of the hopeful feeling that the con sultings and activities of the financial and operating powers of the gerat anthracite com panies would lead to substantial results in the sentiment of the coal strike.
 Any admission of a change In the deadlock was impossible to obtain and the unvarying only with the possibility of improving the out put of the mines under protection of the military by seceders from the strikers. But the action of the market reflected the faith that developments were forthcoming looking to a settlement
 Reports received over Sunday of the receipt of several parcels of gold from Europe and of expected arrivals within two weeks at San Francisco of SI 500 900 additional Australian gold powerless to offset the depressing influence of the bank statement.
 Money went to l5 per cent. soon after the opening. Sterling exchange broke sharply but discounts in London responded with an ad- vance. The coming weeks syndicate require considered formidable in view of the money situation. This includes another Si7 oo0 900 payment on the purchase of control of Louis ville and Nashville. S2I 900, 900 on account of new Baltimore and Ohio stocks and Sl2,- 900, 900 account of Pennsylvania's 3t2 per cent. convertible warrants.
 The market closed with the rally in full force and prices at the top level
 Bonds weakened and recovered in sympathy 900. United States and old As declined per cent. each on the last call.
 Money and Exchange.
 NEW YORK, Oct. I3.-Money on call strong at 6@i8 per cent; closing bid, per cent.
 Prime mercantile paper tper cent.
 Sterling exchange easy with actual bus- ness in bankers bills at 4 S5 CPS for demand and 4s2 5o@4 s2 625 for 60 days; posted rates, 4.93h64 86Ia.
 Commercial bills .4.S264 92h. Bar silver 5o&; Mexican dollars. 40h. Government bonds, weak; State bonds easy; railroad bonds. irregular
 Nn- vorL Ctooy, T}ck