The Montgomery advertiser., 1902-04-09
WALL STREET REVIEW AN AGGRESSIVE LEADERSHIP IS
 DEVELOPED. wetern Contingent Which Has Been Taking a Prominent Part in the Market Seems to Have
 Gained Recruits.

NEW YORK. April s,-The effect of yes terdays furry in the money market was dis- sipated today and an aggressive leadership wss
 developed on the recovery in stocks. This ieac- ership semed to remain with the Western men who tock hold of the market late last week.
 fhere was some evidene tnat ea unem wh,Is their position was stronger by reason or the shaking off of a weak following by yesteraay : reaction The extension of the snort interest
 during yesterdays decline was also tecnni-
 cal factor of strength in todays marker. ine M
 reinsurance of the speculative eiemen, s mss can
 immediate this morning. and there was coh
 siderable wavering and uncertainty ln @ a',c
 e ally movement of prices. In fact tnere vas vas
 not much in the market up to noon Vues,us s
 of the persistent absorption of Louisville ana
 Nashville and the sharp advance in Amaisa
 mated Copper, apparently continuation oi
 yesterdavs movement Louisville and Nash
 vile proved the central figure or the WsVhst
 and its aggressive advance was the aon,ihx. s
 ing factor in the broadening demand tor
 stocks. The dealings in the stock were on an
 enormous scale and there were indications tnat
 reinforced on the buying side by a well known
 operator who only recently returned rIon a
 long trip to recuperate ms heaun' inu Sn
 planations offered for the rise were mostly lh
 inc nature of surmises on the part of the spec
 ulators The reported acquisition of the At
 lanta Knoxville and Northern Railway Mas
 believed to be the preliminary to active incur
 sion into territory. The brilef was pro,
 fessed that the new issue or So.ooo'S@oo @ 1 stock for the purpose of this purchase mas ai- ready marketed. thus freeing the market iroia the future offerings of 1t. The aggressive policy undertaken Dy tne couPahS 'tSN to conjectures to the possibility or the es- tablishn,ent of a community of interests m the territory concerned. Illinois Centra aHu Southern Railroad, preferred, were oenehtea | by sympathy. The movement spread ihto the l Southwestern stocks and St. Paul, put thioh Pacific Southern Pacific and Atcnison were little affected bv the movement. Ihere was a general movement in the Vanderbiits of rom I to points and a large number or fniitor stocks of which the Wisconsin Centrai stocks were most conspicuous. was vigorousiy so. yanced The list of minor industfiais anectea was also as large has recently been the rue. | The Westinghouse electric stocks made sensa !, tional advances of I21s for the common ana s for the first preferred on the strenstn Q! ah analogy with the history of General Eiectric' The whole market gave way on the pront tax ] ing which developed in the last hour ana the nrincipai active stocks were carried back rom i to points The market closed easy -e ihe rate for cali loans today held h-m at oa Q per cent It was believed that this rate would cause further shipments of gold and this as surance was a considerable relief to sentiment. The calling of loans yesterday seemed 10 nave strengthened the situation of the banks so Tar that the feeling in the money market today was much quieter. - The Central of Georgia income bonds was the feature of the bond market at advances of oG3l. per cent. The Green Bay and West ern B's were also strong and active. other. wise the bond market was rather quiet, but firm Total sales (par value). S3, TTOooo United States bonds were all unchanged or the last call.