The Montgomery advertiser., 1901-07-03
WALL STREET REVIEW HOT WEATHER CAUSES A
 SMALL MARKET. Attendance of the Board Fell to the Smallest of the Summer and
 Business Was in-
 significant.

NEW YORK, July 2.-Probably the aIl- embracing topic of the weather is the suf-
 nc,ent nc.e expianation of all that called for notice In today's stock market The at tendance at the board fell 10 the smaIIest oI the Summer and business fell to in- sgnincant proportions. The recording of
 ttrnansactions of odd lots' or lots of less than 100 shares. was resumed for inc nrst time since business on the Exchange reached abnormal proportions after the election last Fall Quotations were made of bid and asked prices, where no trans- actions could be effected. The movement or prices in the few active stocks was also barren of significance. London was incined to take pessimistic view of American affairs, especially of the steel strike and caused some sympathetic ef-
 feet at the opening here. But prices did not fall as far as the London parity and
 there were dull rallies after the opening.
 There Is not entire freedom from appre-
 nension over the labor outlook in the
 steel trades. but Wall Street has arrived
 at conviction that fin its present phase
 the desire for vacation from arduous
 work plays a large part in the action of
 the meHand that the crucial stage in the
 controversy will not be definitely deyel- oped until later in the year. The street had no light on the probable action of the
 u,nntsa unisea states stat, Steel directors as their the Exchange. The isolation at sea of
 J. F. Morgan caused a belief that the action in many of the important projects I'll WHICH ne was a IOfce would await his presence and advice, and emphasized the waiting disposition of the market. Yes terday's crop scare rumors were partly onset by reports this morning of rains in and the weekly Government report were rather depressing factors in the market The failure of another small bank in Buffalo created an unfavorable impress | sion and was the occasion of conjecture regarding the nature of the securities held for collateral by banks in general. The call money market was distinctly easier than yesterday and the sub-treas- ury debit of over a million of clearing house was the result of the presentation of the treasury's check for the payment of the July Government interest. The
 and at Berlin was the principal factor of interest abroad on account of the ques- tion thus raised. whether the decline in London interest rates from Government disbursements is not likely to lead to the withdrawal of French capital. through dissatisfaction with the interest relation afforded in London. The days business pect of continued hot weather. unanimous approval was given to a movement to re- quest the governors to reconsider their refusal to adjourn the Exchange from July s. at 10 a. m The individual move ment of prices during the day does not call for special comment.
 The bond market shared in the dullness anu ncdNlneSS OA tilC 5tOCA Ih0A hOt. o- tai sales (par value), $1,565, 900. United States bonds were all unchanged.
 Money and Exchange.
 NEW YORK. July 2-Money on call firm at 4GS per cent: last loan at per cent: ruling rate, $ per cent.
 Prime mercantile paper. 4d5h per cent. Sterling exchange inactive with actual business in bankers bills at 4.S1h94.SS for demand and at 4S5AQ4. S53s for sixty days; posted rates, Al .S6614 SS1k.
 Commercial bills 4s41a. | Silver certificates, SO; bar silver, 591s; Mexican dollars. 47.
 State bonds. inactive: Government bonds steady; railroad bonds, weak.