The Montgomery advertiser., 1901-05-28
WALL STREET REVIEW
LITTLE BUsINEss WAS TRANS
 ACTED YESTERDAY.
Professional Traders Made Futile Efforts to Force . Movement of Prices-Bonds Share the
 General Dullness.

NEW YORK, May 27.-Today's business m the stock market was the smallest for any tuil day since the Presidential elee- to indicate any outside interest, either speculative or investment The bend market shared in the dullness. In the general run of stocks professional trad CTS made futile attempts to force a move nent of prices, but in covering their con tracts the movement was undone again. There was slight hardening of prices sarty in sympathy with the movement in general weakness. Tbe fact that there was general hardening again before the close clearly showed that this weakness was largely due to selling by the bears. Recoveries were not complete in the gem eral list. and net losses are the rule in stocks that were traded in. These losses represent the gravftating tendency of the market from tnanimation. as there was no active liquidation going on, such as was evident from time to time last week. and which found its natural reflection in the large liquidation of loans shown by tbe Saturday bank statement. The move- roent in the Tobacco stocks was the only thing worthy of special notice in the days trading. It was unexplained except by the persistence of recently current ru- mors of a consolidation of all the tobacco interests. Tho movement came to halt nouncement of the Supreme Courts de- cision in the Porto Rico cases, owing to the confusion and doubt as to the scope and bearing of the decisions. Contine ntal Tobacco. however, held stuoborniy. and rose to the highest in the late dealings. closing at the top, 5ls points over Satur- day. American Tobacco's net gain was 3%. The weakness of Sugar was per haps the effect of the decision, although the tppuble with the importers of re- fined sugar has affected the stock. Lack awanna moved up conspicuously points after an opening reaction on light trans actions and without explanation. There was besides gain in the Twin City
 Rapid Transit of ih. North American 1, Laclede Gas. B. Minneapolis and St. Louis. 2; Standard Rope and Twine, IS. and United States Leather. 1. Amalgamated Copper was under some pressure and fell at one time z%. Late in the day there were two transactions of 100 shares each in Northern Pacific at 1so. compared with 20 on Saturday. The failure to relax the close holding of this stock on the part of any of the interests concerned keeps alive apprehension respecting the North ern Pacific situation. Although the account of the Whitsuntide holidays, there was a good demand for exchange from arbitrage houses, said to be in prep aration for the Stock Exchange settle ment in London in the latter part of this week The continued demand fer ex- change from these sources attracts in. creasing attention to the heavy return of American securities to the home market. The money market showed increasing ease, and it is the general expectation that further gold will go out to France this week.
 There was small business in bonds with an irregular movement of prices States bonds were all unchanged on the last call ..t