The Montgomery advertiser., 1902-04-25
COTTON TIES At Less Than MaDufac- turers Prices C. E. CAVERLY,
 Atlanta. Ga.
WALL STREET REVIEW GRAIN CROP PROSPECTS EXERT
 INFLUENCE  Publication of Weather Map Show ing Almost No Rain Precipita- ton Prices Receded-Sagging
 of Wheat Helped Stocks.

NEW YORK, April 24.-The important in nuence of the grain crop prospect upon the stock market again demonstrated today. After a strong opening prices wavered and commenced to go back when the weather map published showing almost no rain precspi- tation east of the Rocky Mountains. but when the wheat markets opened and revealed an ac- tive iiquidation there at declining prices stocks promptly began to pick up again. The per- sistcnt sagging of the price of wheat was ac- companied by growing and broadening strength in stocks with the notable demand centered pn the grain-carrying railroads. Reports from the grain market attributed the weakness there entrely to realizing of profits on over-extend- ed long accounts, news was forthcoming to indicate a better condition in the crop. Naturally the covering demand from the short interest in stocks which has accumulated on the weeks decline also played a considerable part In the speculative movement But the days events are striking evidence Of the intimate association at present between the grain markets and the securities market. The quick response between the two is empha- sized by the general conviction that the pres held By persons of long experience in grain speculation and heavily committed in the eur rent grain dealings. There were other fac tors which conjoined to help the recovery in stocks. The annual report of the Lake shore Rarcsd was pslpsois innSenee n ,he 9m whole railroad list account of the enrmous earn ing power revealed and the prosperous tranic conditions. The disclosure of the pure hase ny the Lake Shore of large block of Lehigh Valley stock and admissions on the part or the principal banking houses interested m ',,e tne
 
 made by New York Central, Pennsylvania and the Goulds was taken corroboration Of the extensive community Of interest being estab- liahed in the whole coal transportation indus. fry New York Central recovered strongly 2&s from it's recent depression Lake Shore itself and Michigan Central, owing to the small float, ing supply outside the New York central treasury rose t3 and ieh, respectively, on a very light demand United States Steel stocks shared in the strength of the market Tor the first time in many weeks, rising E each on account of the very active conditions in the s trade Attention was attracted today 10 the enormous expansion of the plant in progress, which according to enc authority VIII add at least s 900 tons daily to the pig iron product From one point of Xiew this is cited as evi- dence of the confidence of the continued pros uerity in the trade those enlargements VIII Tot come into full production for year or a wear and a half But the point is also made that a considerable part of the heavy tonnage now crowding the marke. is tor thess same irprovements and extensions of Iron works Themselves which are designed to swell the supply variety of specialties. including the more important industrials, all shared m the strength of the market The money mar let continued easy with evidence of continued remuneration of the banking reserves, sterlins exehanae continues firm, but is still short oi the gold export point. The easy condition in the money market is a material factor m tos- tering the speculation.
 The bond market was quite active ana strong Total sales (par value). SS,St ,Ooo. United States bonds were all unchanged on the last call