The Montgomery advertiser., 1902-06-11
WALL STREET REVIEW
IMPROVEMENT IN THE DEMAND
 FOR STOCKS.
The Market Continues Dull and Mar row, However-Dealings are Solely in the Hands of the
 Professionals.

NEW YORK June 10. There was some im- proyement In the demand for stocks today and market was still dull and narrow to degree that has not been equalied for the last two yeas until within q week peaitnss continue room traders. but this element operated with somewhat more freedom than for several days. They were encouraged bv the return to Wall Street of the leader of so-calicd Western groups of spectators. to which has been attributed all the recent important market movements; If there were operations for the account of this group they were not large scale. as is sufficiently attested by the figures of the days aggregate dealings. There was some concentrated buying of Southern Railway. which easily led the whole market in point of activity. single commission house often employed by one of the large financial inter ests credited with taking 10000 shares of this stock There was a general expecta- ton that the monthly crop estimate of the Government. which was not published until after the Stock Exchange closed. would make very favorable showing of the progress Of crops during May. This was q strengthenng influence all the grangers, includingt she Southwesterns. A;chison and St. Paul were the most prominent in the movement The grain markets themselves rallied somewhat from tho movement to discount the monthly re- port on the publication of the Weather Blu reaus weekly crop report indicating damage to Winter wheat from too much moisture The reported need of rain for the cotton crop in certain sections seemed to have no effect the cotton carrying railroads. The recent dividend increase for Chicago and Northwest ern and Chicago. Minneapolis. St. Paul and Ou1ana was .a continuing 1u1ueuCc III tdNoi of the Changers. Some speciai stocks were helped by individlai influences, Pacific Mail an alleged revival of prospects for the ship subsidy bill, wisconsin Central on favor able State crop and St. Joseph and Grand Isend stocks on report that the road was to be merged again into the Un.on Pacifc system. Canadian Pacific sufiered rom real izing and the selling was attributed to Cana dian account from the same sources as the recent active manipulation in the stock. The money market rather easy in spite or some demand for call loans for Stock Exchange pur- poses and in face of sub-treasttry absorp- ton since last Friday of nearly Si.5Oo. Ooo The traders were inclined to take hopefuI view of the prospect of an early settlement CT the coal strike or of the resumption of opera tions and earnings by the companies. There ing for attempt to resume mining opera, tions but admission could be procured of any prospect of a settlement with the miners The market closed dull and steady.
 Tho Lond market dull and marrow with an irregular mcvtm ment of prices Total sales (par value). Sii.9oo. ooo United States bonds were all unchanged the last call.
 Money and Exchange.
 NEW YORK. June i0.-Money on call steady at 2ha3 per cent: closing bid and
 Prime mercantile paper 4f4x per cent.
 Sterling exchange steady with actual bust, ness in bankers hills at 4.8I% for demand and at 4S4%@4 94% for 50 days; posted rates 4 SS6G4. s6 and 4.s9d4. 69k.
 Commercial bills. 4.649s64. S5E.
 Ear silver. 5iA: Mexican dollars. AZ
 Government bonds. steady; State bonds, in- active: railroad bonds. irregular.
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