The Montgomery advertiser., 1903-02-10
WALL STREET REVIEW
REVIVAL o. ACTIVITY IN THE
 MARKET.
Greater Breadth and Variety in the Dealings Than for Weeks-No General Reaction Until the
 Final Hour.

| NEW YORK, Feb. 9.-There was a revival | oI activity in today's stock market which ofongnt the volume of trading above the level oI iast saturday. There was greater breadth
 ana variety also in the dealings than for weeks. The advances were not made all at one time but successive points of strength were developed previous gains were well held in spite Of the natural realizing under cover of tne new strength. There a pause in the upward movement after the opening spurt but after that there was general reaction until the hnal hour. This might be accounted for ny the profit taking sales of the room traders wno saw a larger days profit ascribed than Tor many days past. The reaction was some what emphasized by reports that new proposals had been received from Germany concerning the Venezuelan settlement which threatened 10 open up the whole qnest'on. The closing was sseady and generally only a fraction below tne pest. Commission houses reported some ircrease in outside business and some of the seigest business ce the day came from houses M,aa,e Mth extensive wire connection in the East Middle West and the South. The upward movement originated this morning in the Gould stocks and in the bituminous coal carriers. The Gould shares have had the advantage of an inheutial pool, which has carried on opera rons Tn the various securities of the group TOT some time past. Their spec al activity of upon active measures taken to complete the Atlantic outlet for the Wabash system. In the case of the bituinous coal carriers. the motive TOT the buying was the settlement az eed upon at Indianapolis between the miners and the operators fixing wage scale. The possibility or dfscord over this question had been a shadow upon these stocks for several days. Another wage settlement, which seemed to gather i'm portance as 1t was considered was that be-
 tween the Missouri, Kansas and Texas and It's employees. The settlement is of importance Tn itself and in addition 1t seems to be un- derstood that 1t is to form a basis for agree ment on practically all the railroad systems west of the Missouri River. The Pacifcs, Changers and Southwcsterns consequently were all very strong. These settlements represent higher wages and corresponding increases in railroad expenses but the willingness of the railroads to accede to the terms is regar ded O n ha Intft nI
 The unprecedented congestion of freight traffic upon the railroads of the country Is i'm pressive demonstration of the high level of business activity and prosperity In the country. Present blockaded conditions. 1t is true, upon earnings. but the existence of the enorm- ous traffic Is demonstrated beyond dispute. While 1t Is evident that the heavy additional outlays must be made by the railroads for fla viction is growing that the conditions rant confidence in the future prosperity of the railroads. In spite of the Saturdays weak bank statement. the money market gave no cause for repression of speculative activity Call loans fell below 2 per cent. in the late trading on the Stock Exchange. There were some prominent aggards in today's upward movement of prices. notably the Fries and the did not share fully in the strength of the market but the strength fairly com prehensve and embraced long list of repre- sentative slocks and also quite list of minor class of stocks has a better chance for fui ture growth of yalues than the already high priced railroad stocks.
 There were heavy spots in the bond market, irregular. Total sales (par value) s4, o5o GOO United States 2's declined t on the last call.
 New YOrK stock List,