The Montgomery advertiser., 1901-06-25
WALL STREET REVIEW MARKET MAINTAINED WAITING
 ATTITUDE. A Tacit Agreement That But Lit, tie Business Will Be Done
 Before the 1st of
 July.

NEW YORK, June N.-The stock mar ket maintained its waiting attitude today.
 There IS sort of tacit agreement very generally adhered to among the large op- orators that this waiting period shall ex- tend al least to the end of the month and until the money requirements Of the hall years end are out of the way. The con- sequence is that the attendance of mem- bers in the board room is very small and many brokers have gone away on vaca- uons to the country or to Europe. The smaller class of room traders who operate from day to day were disposed to sell the market this morning on the disap- pointing showing made by the Saturday bank statement. St. Paul and Union Pa- ciffc were most conspicuously affected hy this selling, as being most likely to prove vulnerable on account of the recent con- siderable speculation in those stocks. Little success. however, was had in dis lodging any holdings of the stocks and covering by the bears was in evidence later in the day. A small number of stocks had considerable movements on individual causes. but in those also the professional hand was seen in the quick realizing on the movements. Norfolk and Western was sold down after the open- ing on the score of damage to the prop erty by the West Virginia floods. New York Central showed a gain on the rep )rt showing declaration of some further rights of the stockholders. Illinois. Cen tral was bought on the general considera- tion that 1t was low in proportion to other grain-carrying roads. The rise in Sugar was due to the adjustment of prices Of the product to 8 parity by the different companies. Manhattan was feature on reiterated rumors that it would be leased to Metropolitan. GNneral Electric was listed Sh by light demand. but reacted 3h. On the other hand, Colorado Fuel, after selling down 41k. rallied 61s. but did not hold the rally. There was sharp ad vance of 61a in Minneapolis, St. Paul and Sault ste Marie preferred without ex- planation. Minneapolis and St. Louis dropped back 2A on realizing. It was such individual causes that induced any considerable price movement anywhere in the list. Commission house business was at a standstill and brokers offices were deserted. So little profit Is offered by the market that no difficulty was found in securing the adoption by the members of the Stock Exchange of a reference to the governors to keep the excnanBe closed on Friday and Saturday, July and G. The money market fai ed to re- fected any conStriction of supply such as indicated by the bank statement and money Of call loaned as low as S1s per cent. Sterling exchange eased on blt: but hovers within measurable distance ot the gold export point and the continued depression of the sterling exchange rate at Berlin indicates that the centre Is still heavy liquidating its holdings of Amert- can securities. The market closed semi stagnant and with the inertness or prices fully maintained.
 Business in railroad bonds was also or very moderate proportions and prices moved narrowly either way. Total sales (par value), $2,190,000. United states Ss (coupon) declined IS per cent on the iast call.