The Montgomery advertiser., 1901-07-31
WALL STREET REVIEW MARKET CONTINUES DULL AND
 SLUGGISH. Tho Extreme Fluctuations Reached as High as Point Only Limited Number of
 Stocks.

NEW YORK, July ao.-The stock mar ket this morning confirmed the impress sion created by yesterdays market when the accumulation of favorable factors over
 the Sunday signally failed to awaken any active interest in the speculation. Mind
 ful of yesterdays experiences, the trad-
 CTS were even more disinclined to attempt
 q movement of prices today. The dull
 ness and sluggishnese of the market ex-
 ceeded anything that has been seen since
 last summer and autumn. after the .aii m
 prices on sb,r,ass account had been ns Spse sne
 ceeded by the period of waiting preceding
 the national election. The extreme fiuc-
 tuauions reached as high as point III
 only a limited number Of stocks ana m the general market the movement was
 wavering and uncertain. The largest art of the dealings was in the United States Steel stocks. But the reports in morning newspapers of the good prospects ol q settlement of the strike were intellectual to cause any strength in the stocks. Ap- parently spectators were dissatisfied With prospects however favorable, Of Settle- ment. and were waiting for accomplished facts and signed papers as basis Tor de- termining the present value and future prospects of those securities. There was a feeling of uncertainty also as to now far the strike settlement had already bf en discounted in the recent advance in the stocks. The few desultory advances in individual stocks. some of them in oo- scure ,industrials. were indifferently held.
 
 into waiting attitude. The present ease
 of money takes that factor out of imme- diate consideration. But the future or the money market and the cautiouSness of bankers in locking up capital in long time loans serves as a waning of possible future contingencies. The course or tne Government revenues Is disappointmeht to those who hoped for relaxation Of de- mands on the money market from that source In spite of the operation Of the amended revenue law the Government re- ceipts continue to run well over those or
 last year, while the expenditures thus eo iar ano l this month have fallen more than $Soo,ob below those of July last year: As cen sequence the Government deficit for thls month is only little over $2000,dN0 where as it had amounted to A665,sS9 by thte time in July last year. The fao-trrasufy | at New York has taken over m,inoh uot- lars from the market since Friday last | For the last week in July last year, pre- cedine the Government interest disburse- nents in August the sub-treasury yield ed a small sum to the New 1ork poIsey market The continuance of these un- | looked for conditions of the Governmerl me, rl revenues will ma teriall affect money mar | ket conditions during the period or in- | terior crop demands upon New 1ork. | These doubtful factors in the outlook dis- | couraged any buying demand ana naue | the market soft and yielding even 10 tne to bear upon it. The reactionary ten dencv gaineSi force and the closing was duIl and weak at about the lowest, many l important railroad stocks showing net l losses of a point or more; There was some early snow or suehsti,,, | in the railroad bond market on vel diversified demand, but best prices mere | were yielded in the late dealings Total ss,es 3par yalue), $1, ,1e5.OD0. United States | bonds unchanged on the last call