The Montgomery advertiser., 1903-06-27
WALL STREET REVIEW
DEALINGS SMALL AND FLUc-
 TUATIoNS NARROW.
Activity of the Bond Market Also Falls Of to Nominal Proportions. Reflector of Cotton and
 Cereal Speculation.

NEW YORK. June 2e.-Dealinss fin stocks were smaller and the fluctuations were even ns rtn',,s than yesterday. With the cessation os the activiy of he bond market also fell on 10 nominal proportions. Even the usual r,uay tendency to close up outstanding con- sracts and get away to the country for Satur- 9ay. which gives an occasional impetus to rTiday business during the Summer season Lalled ed 10 make an impression the semi staSnation Of the market. There was little response to the seemingly favorable news of the gay as there was yesterday to the rather un- favorable conditions. The whole market for active speculation in the cotton and cereal markets. What strength was shown for stocks was associated with the reaction in wheat and corn Reports were circulated that corn was making rapid progress and that showers in the Northwest were realizing the need in the Spring wheat for rain It was evident that the movement of prices in the grain market was highly speculative and speculators in stocks acted on these indications with great caution. But operators in stocks were equally cautious in following any other indications. The preliminary figures of the weeks cur rency movement indicate large receipts and smaller shipments than last week so that the weeks loss to the sub-treasury. which includes the payments for the gold exported, has been more than offset providing net gain In cash of nearly S2. ooo. 900. There is a hope enter tained also that last weeks S3. 500, 900 short age in the bank statement compared with the known movements of money will be made good in this weeks bank statement is under the average system. The late rush to get in subscriptions for the new Pennsylvania stock made an impression. however. on the money market this afternoon, putting up the call loan rate to 31 per cent Next weeks prep arations for the semi-annual settlements are also expected to increase the activity in the money markets. Of the days special move ments that in Colorado Fuel was connected with a rumor of new bond issue and the stock recovered with a denial of the rumor. United States Cast Iron Pipe preferred sold of points from the previous sale. pr esum- ably account of the petition for receiver Amalgamated Copper rose nearly a point in the last dealings reports of favor able conditions in the trade. American Car was benefited by it's good annual report Pennsylvania sold at i23. lowering It's record for the movement by Is. There buying orders in the market for scores of thousands of shares at l23. but the market for the stock above that level dull with the rest of the market. Considerable curiosity exists garding the action of the stock when the sub scriptions rights have closed and the supposed interest of the underwriting syndicate fin sup porting the price has ceased. United States Shipbuilding sinking fund bonds sold at 23 compared with the last sale June 1 at 40.
 The bond market generally was dull and ir regular. Total sales (pa rvalue) Sl l95, 900. United States bonds were all unchanged the last call
 New Y5k Srrck List.