The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-08-14
WALL STREET REVIEW
NO IMPROVEMENT IN ACTIVITY
OF TRADING.
Tone Was Firmer and Did Not Re-
feet Tendency to Liquidate on
All Acknowledgements
tive Stocks Sluggish

NEW YORK, Aug. l3.-There was no i'm
provement in the activity OF the trading In
the stock market To-Day, but the tone was
frmer and did not reflect the disposition to
liquidate on all advances which was a feature
OF yesterdays market. For the most part,
however, the representative stocks were neg
lected and sluggish. The Gould stocks were
the most conspicuous In the trading, Missouri
Pacific leading in point of activity. There
were heavy dealings also In all of the Wabash
securities and in Texas and Pacific. The
Southwestern railroads are expected to gain a
special benefit from the large crop and the
Winter wheat crop in that territory Is also In
high average condition. The Wabash stocks
We're especially affected by reports of aggres-
sive steps being taken to secure terminal ia
clities both in Pfttsburg and In Baltimore
for the use of wabashs eastern extensions.
There a fitful speculation in the soft coal
stocks based upon the benefit felt by that
trade as an incident of the paralysis of the
anthracite trade. There persistent
mors well Of intention the part Of
Norfolk and Western directors to advance the
dividend rate on that stock. The settlement
of the elevated railroad troubles helped Man
haitian and the Goulds group. There was
q notable show Of strength in number of
minor railroad stocks, especially in the granger
region. The brokers employed by the specula-
tive interest which accomplished the Louis
willie and Nashville transfer were conspicuous
in these operations. The National Lead stocks
responded to the reports Of combination in
the lead interests Of the country. United States
ditonal distribution of $4,000. 600 profits to
the underwriting syndicate. thus bringing the
total distribution up to $50, 600. 900 on actual
paid in subscriptions of S25. 900 900. The
stock relapsed quickly into comparative mac
tvity. but with fractional gain retained
The aggressive steps being taken on behalf
of the Northern Securities Company to clear
up litigation against that corporation and
the hopeful view expressed OF its earnings by
James j. Hill gives the impression that active
steps are pending towards distribution of the
stock. This and many other plans are supposed
to be waiting upon the return Of ]. P. Nor
gan who sailed for New York today. Among
the weak features Amalgamated Copper was
affected by the unstable tone of the raw cop
per market The price Of Rock Island was
lowered. supposedly with view to discourage
the disposition OF minority holders to liqui-
date their holdings rather than consent to the
cor-.rso plan. Funds were more freely Of
fered call today and the rate was easier.
The active export demand for wheat encour-
aged the offering of exchange bills and the
rate for sterling showed recovery from
Yesterdays decline. The closing was quite
active and irregular
Wabash debenture BIS were the feature Of
the bond market The Central Of Georgia sec
ond incomes also in demand Total sales
trar valued. S2,7Io,ooo United States bonds
were all unchanged the last call.