The Montgomery advertiser., 1902-03-19
l WALL STREET REVIEW
REGENT CHARACTER OF THE MARKET NOT CHANGED.
Speculative Incursions Into the Fields of the Usually Important
 Stocks Were Few and De sultory in Character.

NEW YORK. March I8.-The recent char acter of the stock market was not materially changed today Speculative incursions into the field of the usually important stocks were few and desultory in character. Now and then a seemingly active buying movement would develop in stock that has been occa- sionally market leader in the past, but the activity would suddenly subside and the dealings revert to some rarely active stocks
 The high priced specialties continued in ia vor today and a number of low-priced indus trials were also bought up to considerably higher level of prices. The minor railroads
 were less conspicuous. although few or these continued to show wide movements. classes as well as the new stropg points. The most conspicuous movement of this Kind was cratic manner in the course of a sensational advance of l4ls points unusually heavy dealings. The movement was without espiana- tion beyond the long time gossip of the avail ability of the companys comprehensive charter rights for the purpose of some great consoii- dation scheme Other stocks not usually prom inent which show striking advances were American and Continental Tobacco preferred. General Electric. Pullman. Colorado Fuel. American Mating preferred. American Cot ton oil, Chicago Union Traction. International Pump and Rutland Railroad preferred. Among per continued active and found support after the recent heavy decline Much of the buying was attributed Si to the demand & from & shorts to reduction of the tariff on Cuban sugar. An good news was the selling of Pacific Mail on the passage of the ship subsidy bill by the Senate The New York public utilities also suffered from profit taking after some early advance. The most consistent movement of the day that in the coalers which repre- scented a speculation on the outcome of nego- tiations between anthracite miners and op- orators for an agreement upon relations during the coming year. Lackawanna made q charac teristic advance of points. but the gains otherwise between | and points. The moderating of the weather in the West had some influence in causing higher prices. all though the late rise in the wheat market some
 what modified this influence. Aside from these cases the movements of the day were almost entirely due to the individual causes. Condi- tion of the money market was quiet and there was belief current among speculators that the distribution of the Standard oil dividend furnished the resources for good deal of the buying. The payment on Friday next of looked forward to with hopes of . similar influence. There was very little actual change in the condition of the money market. The slight relaxation in the tone of call money led to . frmer tone in sterling exchange and the fall in the sterling rate at Paris was also an index of pressure towards the gold export point again. The large bond redemptions forced by the treasury's notice of suspension. |. of it's offer have given the banks a good gain from sub-treasury operations to start the week with. But the removal of this resource in of a future stringency is to be con- sidered for future contingencies.
 The bond market was dull but steady. To- tai sales (par value), S2,S7o.0o United States bonds all unchanged the last call