The Montgomery advertiser., 1903-11-28
WALL STREET REVIEW
LITTLE ACTIVITY IN THE STOCK
 MARKET.
s..all Attendane. ed Languid Trad ing in Consequence-The Fro- fessional Traders Seem in
 Unr-rtain Mood

NE WYoRK, Nov. 27.-There was very little activity in stocks today. The week end rem ndnt after the holiday offered small sinduce- ra4sf to members to return to the Stock FIX rhnnse from their Thanksgiving outing before 1snndav and there was a small attendance ard languid trading in conseQuence. 1ne nlsau0fnx fluctuations of prices showed tne ,,rrarfain mood of the professional traders whose business made up what was estinls.ss sts NJ pine-tenths of the total. The market started o8 with builish demonssraton .a ssn. ,n camnairn n thai stock. The announced opening oH tne emrf Lake cut of of Vhe road made the occa- sion of conjectural estimates 1,,,.o, 'rs psc,c s-sae into the movement with even greater et- fect owing to the showing in It's annual re port of the heavy indebtedness 70 CT. oa S,r tor hsffsrrnent work. This movement was inter rupted by the heavy selling Of PennsyVannlaA nA 5 and Reading. which was unexpialnSo m sr.., sno ehiS time on will compare with the perlod last wear after the strike was settled when the earnings of these companes ran up 70 s ss. rlnternent of October earnings for Ere would reaecf the large losses by floods sunereo Dy that company. The Erie stocks. however a oia xot share in the weakness of Reading ana pennsyIvania. Neither did Atchison snare fnify in the strength of the Pacincs. us ex- ereTne advance being limited to X. notwitn- efan6tne it's showing of an increase In net sasninxs for October of ss3s. oee, or rather more than half of the increase Of Sooo.OSo m f4sh gross earnings. The minor lnuusuia! svere decidedly irregular. Some of those which s,ifrsred most early in the week were in eager aef,and in the loan crowd, where they com Yranded a premium. while shorts bought to rssver their contracts. The effect was especially ssfable In Locomotive preferred. Republic Steel preferred, on the other hand, was forced down an additional points on renewed douotS oVer the maintenance of the preferred diVl- 6ard The stock more than recovered it's loss af inc close. The tone of strength developed m me whole market late in the day was que to fhe forecasts of favorable bank statement tornorr0w The usual compilers are agreed that fhe regular interior currency movement has hesn ti1 favor of New York to the extent or slna or two million dollars while the sub ereasury operations and the foreign gold re- sal-ve have contributed over Sl, 100000 The sg11fet tone of the call money market today in- s;lcatea that the weeks gain in cash. most or if having come early in the week. will figure in fomorrow's bank statement for the full ef- feet of the weekly averages. Sterling exchange sieveioped some strength this morning. but broke sharply again and closed weak. Unsub- sfsfltial ruinors were current of additional gold erxaeements in London. The report of grain nxDorts for the week show an increase of up- ssards of 6 million bushels of wheat and corn over last week.
 The bond market was dull and rather irreg- mar Total sales (par value), Sl,732.oOO United States bonds were unchanged on the last call.