The Montgomery advertiser., 1904-04-30
WALL STREET. REVIEW
LITTLE CHANGE IN TONE OR
 CHARACTER.
Apathy and Irregularity Prevail and the Fluctuations Were Within
 Marrow Bounds-Total Ab-
 sence of Selling Pressure.

New York, April 2s-There was little change today in the tone or character of apathy and irregulartty within narrow pounds as the moods of the traders changed The days news was not fa- yorable to values and the early firmness gave way before the closing. That firm ness was due rather to total absence or selling pressure than to any private support by buying stocks London also helped Tn a sympathetic way but did not from the practical way of buying stocks. The London market has made a distinct response to the easy money conditions and the investment demand there Is re- ported to be decidedly improved. Reports or railroad earnings at hand today made very poor showing. even Reading and Lehigh Valley making a poor compari- son with last years corresponding pe- riod, which was. however. one of large dealings. Wabash and Canadian Pacific showed even less favorable comparisons. The average of the decline in net earn ings Tor March Is thus expanding to @ substantial per centage. The high priced as they have recently advanced. Stocks hold rather firmly, however, until the announcement of the engagement of s. so9.0O0 in gold for export tomorrow by J. r. Morgan and Co. A small engagement had been announced earlier in the day.
 This brings the total engagements for the week up to ZIP, 0,o00, which is far in ex- cess of any exports from New York for K ports for month stand at $27. .450 900 for May. 1894. The money market was still unaffected by this heavy drain but the dimensions of the movement had an ef- rect on sentiment roday's engagements Of gold will not figure in tomorrows bank statement. Without them the ear Her outgo Of gold seems to have been considerably offset by the continued re- ceipts of currency on balance from the interior and by the transfers from San Francisco on Japanese account. Sub treasury operations which include earlier Withdrawals of $9.100,C00 gold for export and the San Francisco transfers have taken from the banks s6.l4S,000 but the decrease m cash Is likely to be reduced
 to under s2.000O00 by the currency re- eeipts by the regular express movement The only price movements of importance were In specfalties. The local gas stocks moved up on rumors of closer associa- lion. Tennessee coal was forced down on reports of reinstatement of old control in the property.
 Fries poor March earnings continued to burden that stock Amalgamated copper rat,, seemed to be affected by the advance in the United States rubber stocks was unexplained. The heavy gold engagements had little effect upon the exchange market The unwonted ap- IS exporters caused some apprehen sion that none of the previous exports were on account of the Panama pavments
 The weeks exports of wheat are pro. nounced the smallest in fourteen years. Reports of a syndicate to take the s37
 0o0.o0o city bond issue indicate the pros pect Of the continued expansion of tha loan item of the banks.
 Bonds were steady. Total sales. par value, N.s65.000. U. s. 2s advanced IS and the new As l-4 on call.
 NEW YORK STOCK LIST.