The Montgomery advertiser., 1902-03-08
WALL STREET REVIEW
CONFLICTING E1loTfoNs of
 PART OF SPECULAToRS.
From the Movement of Prices It Was Evident That the Short In- terest Had Been
 Satisfied.

NEW YORK March 7.-The stock market today showed evidence of conflicting emotions on the part of professional specuiators who thing of q struggle during the early part of the day to keep prices moving upwards, anu a number of specialties shot up in the way which has become so familiar of late. Others which were violently advanced yesterday showed tendency to an abrupt relapse The noient condition. G sussesting that the demand from the short interest which caused yester- days sharp rise had been satisfied The notice morrow.s steamer had been withdrawn from export had mild stimulating effect on the bank statement showed sufficient ground for apprehension still remaining of the rate of it's suit against the Northern Securities Com pany with the United States Court at St. Paul beer been abundantiy foressen al and preesnted no new phase fin the case. The preliminary sat et he ssnks naSe lost csss to t. exported on Thursday but not including the Ueoo stes@er is hisn srsued that rSursSays S gold exports, coming late in the week, will not figure for their full effect in the bank state ment under the average system, but the same thing was true of last weeks statement. leav- ing the residue of last weeks cash losses to be carried over into this week. The appre hension is therefore that the small surplus may be cut in two. With the preesnt dimensions Of the deposit ana CaSn itefhS III tie ISeW York banks the surplus at it's preesnt figure is almos twholy nominal anyway and va- riation of a few millions has little effect on the proportion of the reserve. The harden ing tendency of the money market is q con yincing evidence however. that the banks are not anxious at present to extend their credits. Of the days special movements Colorado Fuel was most conspicuous with feverish reac- tion which reached points at one time. Chicago and Northwestern. after rise Of 1s. also turned downward and fell at one time 3ie under last night. On the side of advances St. Paul. Minneapolis and Omaha added points to it's price and the preferred 3. The rise of over points in Evansville and Terre Haute was in response to yesterdays rise in Chicago and Eastern Illinois. Westinghouse Electric advanced 5h. Brooklyn Union 3h. Ametican Cotton oil A and Virginia-Carolina Chemical 27s. the last two reports of intended consolidation. There was besides long list of obscure stocks with im2 points advances to their credit. all of which were more or less impaired by the late reaction. The mar ket closed rather easy in spite of late rise in Colorado Southern and Mexican National. but was firm Total sales (par value). S2.- 75o oOO United States 2's coupon and the old As advanced < and the new 4's coupon h per cent. on the last call.
 Money and Exchange.
 NEW YORK. March 7.-Money on call steady at 2M@3 per cent; closing bid and
 Prime mercantile paper, 4@4% per cent. ness in bankers bills at 4.S7hM4S7% for demand and 4 4s5M@4.s5h for 60 days; posted rates, 4. S6m4. 8Sia.
 Commercial bills. 4.e4hd4 s5h.
 Bar silver. s4la: Mexican dollars. 431s Government bonds. weak; railroad bonds.