The Montgomery advertiser., 1903-04-21
WALL STREET REVIEW
TEMPTATION AND IRREGULAR
 ITY ARE SHOWN. |
Decision Modifying the Decree Against the Northern Securities
 Company Causes Buying Move
 uae11t-The Rise is Resisted.

NEW YORK. April 2o-There was much mention and irregularity in today.9 stock market fhis tendency was attributed'in the ssss Circuit Court 1e at St. Paul pa would refuse the petition of the Northern Securities Company to modify the decree against the ths payment Of dividends M np by the Northern Pa Pa cine and Great Northrn Companies to their stockhoiders:. The general expectation in Wall and .hs unexpected decision in favor of the modihcation caused precipitate buying move ment in which the short sellers of the morn Ing were iconspicu ,us. This advance met or. position before 1t had proceeded far and pSft were carried back wcrd again, after wsGdd ( market huns practically stagnant .sXs.lsss The proffssionals bid up priceIG snAEs ,he steady with : showing %" of nes of reaching i..Ss4 Scns ss5 na%ssr is tho principal stockholder of both the Great Northern and the Northern Pacific and asf the chief sa,1i Junction or the Securities company as the conAtituent companies and distribute them to its own stockholders today's modification
 on of S on ne until the Supreme Court shall have decided finally the questions at issue In the fear that the petttion would be denied, Northern Securities On the curb sold down to s4M this morning which Is only fraction above the lowest prices in the slump of last Monday. On the rebound the stock touched 99A. Its ence on the reaction on the Stock Exchrange It recoveted and closed with 90. with con tinuing eneot on the general market. A
 The early stock market huctuated unceftainly between the contending influences of the strength In the Gould group and the weakness Of ReadinE. The seeming agreement off both sides to the Manhattan labor controversy that Q settlement was assured and the published rumors that a compromise had been effected of the differences between Pennsylvania and the wabash interests were jointly responsible for the market strength in the Gould group in which Manhattan was the leader with a rise Of 2N, The depressing factor against Read- ing was the investigation by the Interstate Commfrce Commission to open tomorrow the coal exploitation which is expected to furnish materiaI which may be available for use in proceediugs under the antitrust law. The lockout Reported at the Reading colliery owing to a ldisblte over the Saturday hours for work helped to depress Reading and some of the ground tn sympathy. In the late recovery Union Pacihc St. Paul. New York Central. Baltimore and Ohio and tke Gould group were conspicuous. TheAerowing ease of money was an encouraging factor for the bulls. Possibly advance knowledge of additional trust company may have been a factor in the hesltatifg tone of the market although no announcement was made on the subject until after the close of the market.
 The bond market was dull. but quite steady Last wet ks dealings in bonds reached an az which is decrease of no less than 46 per cent. compared with the corresponding period of last year. Total sales (par value). S2. .4S5,- 900. United States 3's coupon and the old As declined r per cent. The new 4's ad- vanced K Oh the last call.
 New York Stock List.