The Montgomery advertiser., 1901-06-05
WALL STREET REVIEW
CHECK IN UPWARD COURSE OF
 PRICES.
After a Strong Opening the Whole Market, with a Very Few Ex- captions, Turned Weak.
 Bonds Irregular.

NEW YORK, June 1.-The upward course of prices received a decided check today. After the strong opening in con- mutation of yesterdays strength. the tions. turned weak. There was a pretty general rally in the afternoon under the leadership Of few strong stocks, but be-
 fore the close there was some ragged
 breaks In prices again and the closing
 was decidedly irregular and unsettled
 with only few stocks near the top level.
 The acute weakness of sugar was q de- termtning influence in the early dealings. dividend on this stock were pretty gener- ally discredited this morning, and there
 was besides an explicit denial of a state with the company's principal competitor had been settled. The principal selling had been effected before the actual an nouncement of the unchanged dividend and there was some recovery later in the day in sympathy with the general strength of the market. The stocks ex- treme decline was 6ss. The fact that the other coalers did not respond to the early strength of Ontario the report of it's pur-. chase of the old Delaware and Huoson Canal, in spite of reassuring statements that the transaction was with the full knowlease and approval Of the Erie sn- Eaii- ominous. Reports of drouth in the South west gave rise to the cross speculation unusual at this period of the year to bull wheat ana to pear tut HIS io
 roads. The effects of this were particu-
 larly manifest in St. Paul and the South
 westerns. The decline in Union Paclnc
 reached 3A and in St. Paul 2s. Reports
 the iroptrade, although actual consump-
 ton is said to be still running close to production, awakened "reminiscences or
 last years collapse in the steel securi- ties. There was besides very heavy sell
 ing by professional operators to take
 profits on yesterdays rise. London joining
 in the selling and reversing it's position of yesterday. The identity of the sellers
 was the subject of rather anxious sur
 misses. The announcement of the sugar
 dividend relieved the market of disturb
 ing element and its recovery set In rom
 that time. The ma markets ,srrsG precip, dn
 the various stories of wide reaching adjustments ill the railway
 world. Allegations that the Missouri Pa
 cific was to be accorded an inhuen,.ai .,r fnr f
 relinQuishing to the Pennsylvania, the
 Wabash and Lake Erie properties and that Union Pacific was to have voice
 in Atchison affairs were factors in the buying. Pennsylvania rose an extreme 3 points, Southern Pacific A ana the Wheeling and Lake Erie stocks xWa points. Rock Island rose an extreme o1s. The movement seemed to be based on the belief in a belated admission of the com pany to a share in the advantages or the Northern Pacific settlement. Ine Ilse III Ontario Western on its canal acquisition reached 41s General Electric advanced Is points on reports of heavy earnings. United States Express rose 5. Des Moinei and Fort Dodge 5A, Brooklyn Union Gas 3M and Peoria and Western 3. The Fries were again heavily bought just before the
 close. Last prices were invariably below the best, the final reaction reaching a point or over in some of the important stocks.
 The money market was not an infiu- | ence in the trading, as rates continued l ling exchange to the gold export point The bond market was irregular in sym pathy with stocks Total sales tpar | value), $3.2S5.0O0. United States refundinG