The Montgomery advertiser., 1902-06-10
WALL STREET REVIEW
THE DuLLNEss or TRADING IS
 UNRELIEvED.
Inertia of Prices Not Quite So Ab- solute, However-The High Level of Prices is Pretty
 Well Maintained.

NEW YORK, June o.-The dul,ness of trad ing Tn stocks was unrelieved today, but the There was % a scattering ais distributor f ~ of buy.nx orders during the early trading which flied prices slightly. The demand subsequently died away. but the higher livel of prices was pretty we'll maintained during the rest of the day. News of weather conditions favorable to all of the crops seemed to be the cause of the buying. which was most rampant In Atehi- son. That stock and St. Paul were moved up s. point Vague rumors were current all day operators in stocks professed satisfaction over the small effect of the soft coal miners strike. The public statement made, on behalf of the anthracite operations, declaring themselves satisfied with the success attained in preve nt- ing damage to the mines by flooding. was also cited by buyers of stocks. The presence in of Labor and the interest in the strike thus manifested on behalf of the President were tory power of the President to actively inter vene. however. seemed to afford most satis- faction to those interested in stocks. Read in Hockins Valley was apparently due to the fact that the labor trouble has not affected its i ter territory Sugar had the benefit of q rise of an agreement of Cuban reciprocity at Wash ington. The raising of the dividend rate of following that on the Chicss go and North western kindled hopes of increases in other stocks The market never showed the slight est animation. but such sluggish advances as took place were due to these causes. Tho money market showed a hardening tendency. rates for time loans advancing to Al per cent. call loan rates would shortly advance. The money situation Is obviously important repressive influence on speculation. So also is the question of the ultimate effect of the ending of the Boer war. There has always been question of the share of the effect pro- duced upon industrial reaction in England and Europe by the Boer war and the cutting on of South African gold and the new competi- tion of United States. respectively. There Is also the question now whether the stimula- ton of the peace Is to be diverted from the United States into a revival of English and continental industry. The substantial basis favors such assumption, but the immense undeveoped field still remaining in this coun- try must be borne In mind, as was strikinsly shown by our continued heavy borrowing from creasing the fastest. The field for new devel- opment in the older countries is naturally much restricted. but the question of possible withdrawal of foreign credits from the United war Is an open one. and is attentiveiy con- sidered in American financial circles
 The bond market was dull and irregular: To. tal sales tpar value). Si.2l6ooo. United coupcn. the 3's and the 5's .s per cent. on the last call
 Money and Exchange.
 NEW YORK June e.-Money on call steady at 2ls63M per cent; closing bid and. asked.
 Prime mercantile paper 4a4% per cent
 Sterling exchange steady with actual busi- ness in bankers bills at 4.s7% for demand and at 4.64H for 60 days; posted rates. 4a5h94.es and ssa4 esh
 Commercial bills, 1. .84k64 85k
 Bar silver. 5i% Mexican dollars, 42.
 New York Stock List