The Montgomery advertiser., 1903-04-08
WALL STREET REVIEW
OUTSIDE PUBLIC FAILS TO SHOW ANY INTEREST.
Call Money at Low Rate Through out the Session, But Practaca1 etagnat1on Prevails in the
 Commission Business.

NEW YORK, April 7.-The weakness wnicn oeveioped in today's stock market ,,,.s.vs Dor ness to the disappointment felt In specuaGNe circles at the failure of what was considered a % taworabie developments in the sNus.on - awaken any sign of interest in specu,as,on ,on on the part of the outside public. Can money was not higher than per cent. at any time and fell lower than that on enlarged ousnnss oy sns osnks There was some iehans a .ann,ed asO % their expected needs with time loans and have money on their hands. but going to the prac
 soct. s 9f n. money ceases to be . factor in tn estock market. Great hopes have been entertaind that the aa- iatiys inssreSt 'Se in Securities w and would afford opportunity to begin to move the undieested mas with which the market is weighted down: Not much prospect was offered py tooay events of any effective assimilation of the con- gestion of securities. in which are invoivea the embarrassing tie-up or crsoiu . ,sa,,en m,cn market. The indefinite postponement Of the Southern Pacific annual meeting resulted m . more encouraged spirit this morning ow,ns ,ns to its insurance of the indefinite proionsaIon of the present control of that property. put renewed uneasiness was felt over the positio0n of the speculative pool in sousnesn % acIn1 ,,1S to April 10. and the suggestive weakneSs 2. the stock today had a weakening sympatnetic at other points in the list attributed to the same sources. This development put an end quickly to an upward movement during tne
  seemed designed as c bull demonstration with the purpose of attracting the expected outside interest. When this demonstration was seen to fail in its fleet speculative interest became stagnant Reports of strikes at some or the collieries in the anthracite region. owing 10 disputed Interpretation of the strike commis- sion's award had a depressing enect on the coaiers The sharp declines in the united States Steel securities coming at the same time with a meeting of the Finance Committee oi the corporation had decidedly unfavorapie CT feet Both stocks fell lover point ana tne new per cent bonds sold on the curo at S41s The feature of the day was the wide oeciines amongst dormant stocks made necessary befort Q sale could be effected. Lackawanna was soic down points afetr a preliminary rise or point. Lake Erie and Western preferred ane Cleveland, Lorraine and Wheeling preferreo each dropped points on single sales; west inghouse Electric, 4; Virginia Carolina Cnemi cal preferred, 3E. and New York Dock pre- ferred, 2h. ,,-.X-, Securities case came in for considerable ais cussion with the points left uncovered ny tn' decision in the Southern Pacific in1unction cas- and the possibilities lying in the Northern SC curfties decision were believed to nave soo' deal to do with the weak undertone or th market. u, ,.
 Bonds were dull and irregular: Total sale fpar yalue) SI 76o 900. United States 3s cou pom advanced A per cent ana ,he ss fesis tered h per cent. on the last call.