The Montgomery advertiser., 1902-04-16
COTTON TIES At Less Than ManufaC- turers Prices. C. E. CAVERLY,
 Atlanta. Ga.
WALL STREET REVIEW SOUTHERN TAKES THE CENTER
 OF THE STAGE. During the Day S64, 300 Shares ef Common Stock of That Road Changed Hands, Smash
 ing All Records.

NEW YORK, April l5.-The dimensions ot the trading in Southern Railway stocks today eclipsed any ever before on the New Ycrk Stock Exchange. The total number ot common shares outstanding is l 200. 900 The dealings recorded in the stock tocay were to the number of S64, 500 shares. April 24 1901. Union Pacific dealt in to the extent of 662 800 shares. during the struggle be- tween the Morgan and Hartman interests r that trans-continental field That figure was far in excess of any previous days dealings in single stock until today. The tremendous volume of these dealings dwarfed the rest oi the market and yet there was a number of other stocks in which the dealings on a scale only seen during periods of great specu- 1atiye activity.
 The opening in Southern Railway quiet enough, and the opening bulge in Louisville and Nashville to nearly points over, last night, awakened some momentary scepticism Of the over-night reports of a settlement Of the ville. But the parties in interest were already in consultation when the stock market opeued and there a scurrying of brokers from the neighborhood of the consultation FOODS. Immediately buying orders appeared in South- afn Railway for seemingly unlimited amounts of the stock The movement fin the stock did not become wild at any time, in spite of the extreme advance of 6h points to 4o1s, The viiie also convincing demonstration that the struggle for that stock had terminated a,sratars who had folowed the deal carried it down to I2511 The last price. however. left it at l27. net loss of only a point South ern Railway suffered at the last from the profit taking the part of the professional element, which bought the stock reckiessly, but apparently not disposed to remain in 1t over night in face of the many possible contingencies still open in the situation. The reaction carried Southern Railway back to 37% and it closed only Iis higher at net gain of 3S The preferred stock gained 3k.
 The extent of the public information when the stock market closed was contained in the formal statement by the Gates element lhat they had bought control of Louisvtile/ and Nashville and that they proposed to leave the settlement of the dispute to j. P Morgan X arbitratOrg, This was accepted con elusive evidence that the SoutheFn Railway would he benefited by the sevlcment. The usually employed by the inside interests. But the volume of the dealings Was sufficient in dication that everybody who could get orders executed shared in the buying. The movement ts in Illinois Central andS Chicago. Indianapolis and Louisville were dhrectly in sympathy with that in Southern Railway. It is supposed that Illinois Central Will be allowed to share in the benefit of tpIe Louisville absorption and that Chicago. l'idianapolis and Louisville Will The very slrge buying of St. Paul was sup posed to b'. due to a renewal or the campaign for risS by the element who bought Louis |. There was strength in the other grangers an( Pacifics and in Pennsylvania and Baltimore and Ohio. Amalgamated Copper advanced a one time over point. but did not hold it. There were notable advances in specialties here and there. International Power rising nearly 2 points. But there were also points of weakness and outside of the conges ted centers of activity this was not notable day for stocks. again. but the continued calmness of the money market through the day relieved the apprehension that felt lest the enormous speculative demand should deevlop a strin- gency The easness of the exchange market indicated that borrowing in foreign market IS was being freely resorted to. General consid- eratons received little attention. The mar ket closed irregular under realizing.
 900. United States bonds were all unchanged on the last call.