The Montgomery advertiser., 1903-10-30
WALL STREET. REVIEW
DEALINGS IN STOCKS HARDLY
 MORE THAN NORMAL.
Trading in Amalgamated Copper Far in Excess of Any Other Security
 The Only One to Show

NEW YORK. Oct. 2e.-Deaiings in stocks were hardly more than nominal today the ax- gregate transactions exceeding quarter of a million shares. The trading in AmaIgamated was far in excess of that of any other stock and It was the only stock of any prominence which showed strength In the early dealings it got i& over last night and had some sus- taining effect on the general list. The heavi- ness elsewhere proved too much of a weight for 1t to carry and it's maximum rate was not held. It closed today. however, at a net gain Of h. having held firmly above last night throughout. The drop in the general market carried ,a number of the leaders about a point below, Including St. Paul. Union Pacific. Mis- souri Pacific. Canada Pacific, Delaware and Hudson and Louisville and Nashville. The iron and steel companies stock and the railroad equipment stocks also showed various declines Of from l to points. The buying of Amal- gamated was attributed to the coming meeting at Butte of a mediation committee with the purpose of effecting a settlement of embit- tered quarrel amongst the copper interests The sagging tendency of the general makket was due to inanimation rather than to any positive pressure to sell. Traders are little disposed to extend themselves in face of the hardening money market and the unknown ex- tent to which the withdrawals of currency from this center may extend Photographic transfers through the ub-treasury were over a million dollars less than yesterday, but they still reached the respectable total of Si s5o- 900. Of this amount S625 900 went to St Louis S7o0. 900 to Chicago and S35O GOO to New Orleans. There is disposition to ac-
 
 the ground of the sudden development of the long delayed crop moving demand but there Is authority for the belief that St Louis has made drafts on Chicago for which Chicago is recouping itself by drawing on New York The tightening of the local money market sent sterling exchange downward with a plunge to within measurable distance of the gold im- port point and demand sterling breaking to below S4.S5. but with a slight recovery at the last Cotton bills were again in free supply and the outward movement of grain continues heavy. The weekly statement of the Bank of England shows a gain in gold for the week of nearly S4, 000, 900, but it is probable that any with resistance as the demand from the conti- nent Is keen. The weekly statement of the Bank Of France shows . decline of gold hold ings of nearly two million dollars while that mstftutions loan account has been expanded over twenty million dollars during the week. Last weeks emergency shipments of currency to Baltimore and Pittsburg failed to find any reflection in Saturdays bank statement This Is condition that usually results in throwing over the showing into the statement for the following week. This weeks heavy outgo of currency may therefore be reflected in ag- gravated form in Saturdays bank statement There were some rumors current on the Stock Exchange of a tendency to spread the spirit Of distrust aroused in St. Louis These ru- more were not verified, but they had some in- huence on sentiment The favorable reports of September net earnings by the coalers caused some resistance to discline by those stocks The closing was steady.
 The bond market was affected by the decline in stocks and the rising money market and was inclined to be heavy. Total sals (par value), S2, 65, 900. United States 2s de- clined # per cent. on the last call.
 New York Stcck Last.