The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1903-01-20
WALL STREET REVIEW
PUBLIC INDIFFERENCE rs FUR
TIER ACCENTUATEC.
While Opening Dealings Failed to
Show Amy Buying Demand.
There Was No overeagerness
to Dispose Of Stocks.

NEW YORK, Jan. fs.-The country orders
to buy stocks which were found in brokers'
of the indifference Of the public to the pres-
ent stock market. In periods of active specu-
lation the Monday morning market is the most
animated OF tho week az a result OF the in
te-vening period OF idleness and accumulation
OF mall orders and also because Of the
with the turn of a week While today's open
Ing dealings failed 10 show any buying demand
from outside sources there was no eagerness
listness and indeterminate movement that was
increasingly NANTES tlast week. The speCu-
latiye pools also desisted from activity since
last weeks transactions had pretty well demon
strated the futil ty of their efforts to attract
general demand for stocks The Saturday bank
statement while favorable its face. gave
evidence of the requirements upon the money
market resulting from the Reading deal and
was accepted as warning of the resources Of
the money market as they became replenished
are likely TO be drawn upon by sxndicates for
the pushing of projects held in abeyance. The
realization OF these deferred projects over
hanging the market had depressing influence.
in contrast to their highly stimulating tndu-
ence a few months ago. This project of syn
in it's Influence by a somewhat firtnsr tone in
the money market and an advance IN sterling
exchange towards the gold export point The
rise In sterling at Paris served to neatralize
the advance here but the conviction is gen.
eral that an outward movement of gold this
the terms Of the coming Transvaai loan and
the probable requirement for the Panama Ca
nal pGise &c confirmatory OF this view.
OF In - developments, the reports of
car she. sGga and inability to move freight
offered was not O favorable influence. The re-
sulting delay In the gran movement is likely
to affect the return flow of currency. The
shutting down of works on account of coal
shortage was also accepted as unfavorable
Secretary Shaw's order requesting the result
stitution OF Government bonds for other Sc
curities deposited against Government de-
posts was regarded as making necessary a
contraction In note circulation by the banks.
Amongst the few movements OF stocks worthy
of mention. that in Chesapeake and Ohio was
most conspicuous. The buying was based on
an assumption that part of Pennsylvania new
capital will be devoted to adding to its hold
ings of Chesapeake and Ohio, Amalgamated
Copper was affected by surmise of new steps
of contending interests In the copper trade.
The rise in Great Northern preferred was sup
posed to be connected with the return 10 the
East of the president OF the road Missouri
Pacific was helped by an increase in her
earnings for December. The whole market
gave way IN the latter selling movement and
closed easy. Rock Island led the decline but
losses of ldI% were made by many OF the
| leading stocks.
Bonds were Irregular. Total sales lpar
valued So $50 900 United States 2's regis
| tered advanced u. the SIS registered u and the
| old As registered * per cent on the last call.
New York stack List