The Montgomery advertiser., 1902-05-01
W!ALL STREET REVIEW
Any1nIsH TONE THE RESULT OF
 1EvERAL CAUSES.
xsraordinary Movement in Inter- national Power Was Feature. Aet Decline in the Stock for
 Day Was "a Points.

YORK. April 30--A nervous and fe
 as ue result of the @ e1trsorsiinsry ni nss < boa i zt in International Power with sev- ,e eesesrspatory se causes. including . stiffen- < S< s.ss sg Geperations for May disbursements. << 9nscusne of the anthracite labor conference' { a,S5th.est IF InternationaI Power opened at at ;seis<S 2. esellne Q. point from yesterdays
 iv. stssss os ,ram and shsn s,ampsd by que 4e!Hed p potnts. jumping as much ss s points
 <1sm sAles and fell back again to I62 Ap-
 no bids could then be secured for sss '. ,. sscck snd t neglected for an hour M &e@s1 s1 gss oefore the close. when a sale was { 59s ss,s,,s lzo. The days net decline was 2 1ssn VI the record price. For many days Sssohs successive records had been estab- n Msrch the present movement started below low
 4 ~ has been accompanied of late by many sss3es hs .Ss cs .arse scqurements of new prop. Snssieriy after providing for the preferred
 aoyement has been viewed with % sceDt,c,sm ae ! 5or some tir,e and has attracted very little IT of many points have been taken on a few 1l9nt holdings. The officers Of the company s2uid give no intelligible explanation of to- 41y n4ppenfngs beyond the obvious fact that snpportins orders had been withdrawn. The c5o!ing quotation for the stock was 75 bid m some sentimental influence on Sarey tse re.y CT the market, which was naturally most 4Vdluuncso m industrial specialtfes, especially n those regarding which little defnite infor-
 nation is known. The decline running from tp 65a points in the American Locomotive etocks Railway Steel Spring. American Grass ! TW1ne and Colorado Fuel may be cited as ex- amples- The higher grade industrials were not 20 much affected, although the United States Steel stocks continued heavy Amalga- mated and Sugar were higher the latter ris- tnx 2 points alone. The spirited buying of Cnicago Great Western, rise over 4 points in Ilinos Central and over points each in 6t. Paul and Rock Island had a sustaining influence in the railroad list for a time, but prices gave way there in the unsettled state that developed. The effect of attempts to mar ket stocks which were privately manipulated were seen in the 6-point drop in Ncrthwest- ern, | 3 in Chicago. St. Paul, Minneapolis and Omaha preferred and SIS in Keokuk and Des Mones. There can be no doubt that yester- days action by the clearing house authorities fthat institutions hereafter admitted to these privileges must maintain cash reserve con- Inensurase with those required of the meni- bers then1selvesl was regarded as an admoni- ticn against the rate of credit expansion and the character of some of the promotions which have been furthered by some of the trust cc--ss7niess There was some calling of loans Following the furry in certain stocks. The 1esuiting rise in the money rate and the re- rorery in sterling exchange at Paris apparently ports.
 The bond market was active and prices were longer in sympathy with stocks. Total sales tpar value). S3S0o ooo United States bonds all unchanged on the last call