The Montgomery advertiser., 1903-04-22
WALL STREET REVIEW
A COMPARTMENTS UPWARD
 MOVEMENT or PRICES.
The Gould Group and Baltimore 6 Ohio Take the Lead-Moderate Reaction is the Result of
 Profit-taking.

NEW YORK, April 2i-There was quite a comprehensive upward movement of prices to- gay. led by the Gould group and Baltimore and Onlo As other parts of the list came into the movement disposition became manifest to take profits in the early leaders which led to the closing was essy and au rhs ne n,ayeer, sn was attributed largely to professional opera tions and commission houses continued to It was plain. however, that speculative party had been organized to advance the market and they made their operations effective today. Lheir campaign seems based on general condi- tions. They had the advantage today of the cneering influence upon sentiment. exercised py the modification of the decree against the Nortnern Securities Company so far 1t re- ferred to enjoining the payment of dividends The Great Northern dividend came off that ssocK this morning and the assembling of the Northern Pacific directors during the session of the Stock Exchange gave assurance that the dividend would also be promptly distrib- uted. Speculative operations were especially marked in the Gould group, led by Wabash preferred. and a special stress was laid upon the April report of the Kansas State Board of ernment report as to the condition of Winter wheat. The advance in sugar was on account or the rise in the price of the refined product. southern Pacific was lifted 2 points late in the day on an unconfrmed rln,or that set- tiement had been effected between the Harri- man and Keene interests. Some early heaviness Tn Amalgamated Copper was accounted for by the illness of the president of the company. but the stock recovered. Colorado Fuel was Wedk WltnUut explanHttOn. fed0nE iaEHe0 In the advance on account Of the opening of the Interstate Commerce hearing of charges of suppression of competition by the coal com bine. bu tlater this stock also became strong. An unusually large number of industrial stocks were advanced from 1 to 2 points and beyond that for American Steel Foundry, which gained B. Sloss- Sheffield Steel A; Westinghouse Electric, 6, and the first preferred g. The professional contingent among the traders laid some stress upon tomorrow's entry into the new exchange quarters as proper sentimental ground for advancing prices. During the last hour of the market trading was considerably neglected on account of diversions indufged in by the brokers an incident to the clos the Produce Exchange floor. An incident of the day was the resumption of the recording of transactions in order lots the tape. Dur ing the boom period of two years ago. in the midst of which the Stock Exchange moved to the temporary quarters now being abandoned, 1t was found wholly impracticabie to keep up with the record of the minor transactions and since that time only full share lots of 100 shares or some multiple of that have been printed on the tape until today. The resump- tion of odd share lots In the record must be regarded as a symptom of the relative dull ness to which business in the stock market with every prospect of additional relaxation and the recent upward course of exchange was also checked today.
 Prices of bonds moved upwards in sympathy with stocks and on a fairly well distributed demand. Total sales tpar value), 8. 10, 900. United States bonds were all unchanged on the last call.
 New York Stock List.