The Montgomery advertiser., 1902-04-04
WALL STREET REVIEW SURPRISING ANIMATION IN
 THE CHANGERS.
The Transcontinental Stock Also Developed Unexpected Activity.
 Notable Demand for St. Paul. !
 Bond Market Not Active.

NEW YORK. April 3.-The granger and transcontinental, stocks developed surprising animation and bnovancy within a few minutes of today's closing dealings in stocks and were rushed up in a sensational manner, which pre- cipitafed an eager scramble among the bears to cover. thus accentuating the rise. Previous to that time the character of the market mad been much the same that prevailing for a long time. There was a rather notable de- mand for St Paul. but no greater than con sistent with the recent tactics of professional pools in supporting some one leading stoek general list continues neglected and irregular with obvious profit taking going on in some or or in e the 'i immediate % past. The great mass of securities made no perceptible movement either way. About midway. of the session movement in the Vanderbilt stocks. which seened to be prompted by the persistent strength of the Chicago and N1rthwesterm nha ana stocks The most conspicuous movements were in stocks of minor railroad companies which systems or for combination into competitors with larger systems. There were new points of strength also developed among the small industrials which usually little heard of in the stock market in some cases by reason or the closeness with which they are held for investment purposes. The demand for Hook ing Valley continued very large. carrying it up 6 points, the preferred rising 3h. Cleveland. Lorraine and Wheeling 6is. Kanawaha and These stocks seemed to be influenced in sym pathy. There was a large list of gains rum nfng rom point or more. some or WHICH were recoveries from depression of yesterday. At the same time Amalgaated Copper, Colorado Fuel United States Leather preferred and the minor steer stocks were rather astutely de- pressed by realizing sales. When St. Paul reached the later stages of its advance it en- countered blocks of offerings running up to 1000 shares but rose steadily through them all to l69ss. The stocks closed practically at the top with a gain of points. Chicago and Northwestern shot up 7A. the preferred Ik. Chicago. St. Paul, Minneapolis and Omaha 1 1 and the preferred 4. It was not until within fifteen minutes of the close that these move ments produced any appreciabe effect on the general market. At that time the Pacffcs and Southwestern generally spurted up from 1 to points over last night. The market closed very active and generally steong. though the response had not been notable outside of the stocks mentioned and some of the specialties continued to drop. There was no change in the general condition affecting the speculative situation.
 The bond market not very active. but there was well distributed demand. Total sales (par value). S3.62o. 900. United States bonds were all unchanged on the last call. Money and Exchange.
 NEW YORK, April 3.-Money on call steady at 3l4a4 per cent; closing bid and asked. 3i.d4 per cent.
 Prime mercantile paper. 4lsa5 per cent
 Sterling exchange firm; bankers bills, 467k 64 SS for demand and 4.65%@4.6Sih for 60 days; posted rates, 4.e694. S9h.
 Commercial bills. 4.84%Q4. 65&.
 Tar cfIx 4.