The Montgomery advertiser., 1902-04-18
COTTON TIES At Less Than Manufac- turers Prices.
 (. E. CAVERLY,
 Atlanta, Ga. WALL STREET REVIEW
 fff soUTHERN'S GREAT ACTIVITY SUDDENLY CEASES.
 - Announcement That J. P. Morgan & Go. Has Complete Control of the L. & N. Has a Quiet
 ing Effect.

NEW YORK April r7.-Southern Railway full comparatively into the background to- day. taking a place well down in the list of active stocks. The stock under pressure of realizing all day. although 1t made some recovery after the official announcement late fin the day of the absolute control exercised Louisville and Nashville by J. r. Mor- gan. The somewhat equiNocai. terms in when the information has been given to the public regarding the settlement of the Louisville dis pute and the emphatic disclaimers by south efn Railway officials of any interest on the part of that road in the settlement had ieft room for all sorts of rumors of possible fur ther complications which it was thought de- sirable. apparently to check. Louisville and Nashville stock also rallied strongly to S9s over last night after the statement appeared It regarded as a striking demonstration of the sure hold of the speculative situation which has been obtained by the group or Western milonaires, the leaders of the mar ket that they should have been able to keep ,,p the show of strength in the market in the face of reactionary tendency in Southern Rail- way and a number of other unfavorabie fac- tors. As matter of fact. extreme animation and a broadening show of strength were the features of the market, bearing every resemD- lance 10 previous great DUH markets. ihe IT. regularity due to active pront taxing gong cn side by side with new buying was so in evidence marking the diversion of speculative profits from one group Of stocks into another. The coalers were the most coHspicuousy strong stocks today, led by Reading. which was dealt in on an enormous scale after allowing for the reckoning in half shares the par value of $50 Reports were circulated that a secret agreement had been reached averting
 
 buying orders for the Readings and Fries came from London and the impression was conveyed that these were due to MT. Mor- gan's presence there. The coalers all sur fered from profit taking towards the fast and the leadership of the market was shifted to Atchson. which rose finally to 84, followed by Colorado Fuel The explanation of the buying of Atchison was forthcoming, but the stock has not shared in the recent advances among the Changers and Southwesterns, which were all somewhat affected by realizing to- day. Intertwined with these dominant move ments were many cross currents among minor stocks. some declining, but all due to some individual causes to operations by Specula- tive pools. Tn erather decided action of the grain market restricting mtsgivings over the weather conditions was quite ignored m the trading The reduction Of Amaigamated Cop -per dividend which has been looked forward 10 with apprehension for a long time was to- up after the announcement of the dividend tc nearly point above last night, after haVlnt fallen lss. The stock closed with a fractiona net loss United states steel stocks wer' moved up a point after long dormant period Evidences of remuneration in the local none! market were conserving influence on tn . ejaculation. The sub-treasury has contributes to the local money market by reason of iarg pcxshon payments and considerable shipment of gold from San Francisco are coming in The movement of currency from the interior is in favor of New York and the steadiness O American subscriptions to the British consol: issue do not threaten immediate further golt exports. The market closed active and ir regular.
 Iionds were quite active and irregular. To. tai sales Cpar value). S5 38o 900. United and 3's coupon declined l. per cent. on th' last call