The Montgomery advertiser., 1903-09-23
WALL STREET. REVIEW
MARKET CONTINUES IN A MAR
 ROW RUT.
Jewish New Year Accentuates the Du:lness and Lassitude-United States Steel is Marked
 Up 8 Bit.

New York, Sept. 2:.-There was no change today in the narrow and professional character of the stock market. The dullness and lassi- tude were somewhat accentuated by the oc- currence of the Jewish New Year, which caus- cd the absence of part or the memoersnip or the E7xchange. The price movement was in- version of that of yesterday. the advance com ing early and reacting later, with final prices showing insignificant changes rom iass s,n; nlgn. States Steel did not touch new low recoru, and this was taken by the traders to indicate that the liquidation in that security was over: They marked up the prices accordingly ana the advance in the general market was little more than a sympathetic response ,ins s pressure developed In the United states Steel second mortgage bonds. They were forced down to 7s which is iSwr aasd snan the,I onIv prsc peter. This prompted the traders tod throw ove- the stocks they had taken earlier In the day and wiped out the days advance with the result that small net losses as intersperssa with small net gains. The buying movement of the morning was largely concentrated, a single house being credited with the purchase of no less than 5O.O 900 shares around the room There was little in the news of the day to account for the movement of prices. The col. lapse of the efforts to saev the consolidated Lake Superior Company from bankruptcy seemed to have been discounted and may even States Steel The removal of the prospect of the immediate demands upon capital to keep this company afioat seemed to afford a grim sort of relief in the spirit or dread or cor. poration credit requirements, which Wall Street has come to. The same spirit responsible for the charp drop in Ne wYork Central on the revived reports that the company was negotiat- ing large loan to provide for Its immediate requirements in connection with terminal i'm provements in this city The news from the crops continued favorable, the weather bu- reau's weekly report receiving a bearish inter pretathcn both as to corn and cotton The Grangers were well-supported in consequence throughout. round million of dollars was deposited as the sub treasury for telegraphic transfer to New Orleans, showing the approach to teh maximum flow for the season of cotton crop funds Offerings of cotton bills in the ex- change market continue scarce and the advance in discount rates in London was reflected in the firmness of the exchange market here. Lon don fearing earl yadvance in the Bank of England discount rate of per cent. With the freer movement of the cotton crop evidently imminent. tis hoped that the supply of cot ton bills in the exchange market will soon make its influence manifest. Thse days trans fers to New Orleans were sufficient to about wipe out the Sain by the banks from the sub treasury since last Friday. The market closed easy. The lat, break in United States Steel second 5s causUd a sympathetic weakening in the formerly irregular bond market Total sales. par value. $1.9S5, 00O. United States bonds were all unchanged on the last call.
 New York stock List.