The Montgomery advertiser., 1902-09-27
WALL STREET REVIEW SHOW OF CONSIDERABLE STRENGTH IN STOCK MARKET The Principal Movement Was in St. . Paul and Louisville 6 Nashville, i Extreme Advance of 5s4
 Occurring in the Latter.

NEW YORK, Sept. 26-There was show oL considerable strength in the stock market Paul and Louisville and Nashville and the extreme advance of 5s. in the latter and of 3M in the former had considerable effect the raiiroad list generally. There was brisk buy Ing of Reading nominally based on the SUD- position that the end of the coal strike is near Manhattan was largely bought by the specu- 1ative interests which have been accumulatinr the stock for some time. There a notable disposition to advance on the part of num- Der or minor low-priced industrials, especially tne railway equipment companies During the nnal hour the professional operators. whose very generally with the result that final prices Tor number of leading stocks from l to points lower than the best. Net gains are very generally indicated for the day never theless. The special ground for the movement an St. Paul was the publication of a report that import stock subscription privileges are to accrue shortly Louisville and Nashville was helped by the color of authority given to q report that the control of the system is to De lodged with the Atlantic Coast Line. This would satisfactorily solve the problem that has much puzzled Wall Street ever since con trol of the road was snatched from it's long time holders as an incident in a speculative campaign. Money rates continued high to- 1sy sn but supply was & available and nd, the feel, strong showing in the statement tomorrow. The money lent in the market was said to come from the trust companies and influential bank officials disclaimed any lending in the stock market on the part of the banks. Sec retary reaay % shaws sapPlementarX offer to PUT. pns
 
 had . favorable sentiment upon the market Like the offer to anticipate Government in- terest for the fiscal year 1t Is felt in Wall Street that the effect of this measure will be sentimental rather than practical. Previous to today, he last sale price for the 5's was U 04. but the ruling quotation is l05A bid and 10 06k asked, and there were sales the ex- change at Io5h after the treasury depart ments offer promulgated. Bond dealers are emphatic in the expressed opinion that the Secretary's price will bring out no impor- tant offerings of the bonds. The preliminary figures of the weeks movement of money in dicates that the banks have lost S4. 0oo,- 900 during the week. including payments by the sub-treasury and the assay office on ac- count of gold deposited at Pacific coast points and account of the SI 900 900 in gold bars which arrived from Europe. Considered in connection with last weeks deficit in re- serves of over SI.6oo 900. it will be per- ceived that a very extensive reduction of loans and doposit liabilities must have taken place in order to bring the banks reserves up to the legal limit again. Spectators today pro- fessed great confidence. however that a siderable surplus would be revealed by to- morrows bank statement. An incident of the day was the rather irner tone for sterling exchange in connection with the lessened stringency irS the money market.
 The bond market was firm in tone Total sales (par value). S3. FAC. 900, United States old As coupon declined A per cent. the last call.