The Montgomery advertiser., 1904-06-30
WALL STREET REVIEW
OF THE MARKET IS
UNBROKEN.
Regular Attendance Upon the stock
Exchange In greatly Depicted
"A Regular Closing Satur-
days Suggested.

New York. June 29.-The principal
interest attaching to today's stock
market was the question whether 1t
would score a new low record for dull
ness. But while II is possible to point
out isolated occasions when, for a
Single day there was less business
oone on the stock exchange than on
any DAY In the current dizziness. 1t Is
unoeniable that the lack of interest In
the stock market and the dizziness of
business for a given period are more
pronounced now than for many years
PAST: The regular attendance in the
wall street region is strickingly de-
pleted. and is manifest not only to
casual observance, but in the reduced
requirements for ordinary service and
also Tor office room. An ingenious
calculator points out that the total
sales or stock for the present average
OF business would yield. in full COM
missions, only few dollars a day to
each OF the members of the exchange.
of course much of the business yields
only part commissions from one mem
Der TO another, while the room trader
VINO operates on his own account,
Yields no commission to any member.
Discussion is heard amongst the less
serious minded of the advisability of
closing the exchange entirely on Sat
urdays. the two hours session proving
a futility to the minds of those eager
TOT hoiiday privileges. Such con-
seem, give the only adequate concep-
ton OF the little Importance attached
TO the present market. 1t is scarcely
fafr to attribute the sluggish fuctua-
tons In such narrow trading to con-
sideratfon to such vast issues as the
countrys crops. the course of business
ana prosperity as a while and as a
barometer OF events so prodigious a
character to come The present mar
ket can only be accepted as an index
nr0Tnn6 nd oOlr of nm
viction over the future course of
events and decisive developments are
awaited to dissolve the uncertainty.
The next government crop report, due
on July 10. with the first government
estimate on the corn crop may, 1t is
believed, have an important effect in
formirg convictions and it's early an
pearance after the coming holiday adds
TO tho indisposition to make commit
ments until that period has passed.
July first disbursements are to be ap-
parently close to the high record, but
1t Is expected that a large temporary
demand for loans may result. But
no present anxiety over the money
market can be contured up influential
burying of Southern Pacific and Union
Pacific had a sustaining effect in the
general market Trade reports of
the anthracite traffic were more con-
sentative than has recently been the
case. Erie's reduction in operating
ScSh loi hdy was IdVOTdDly recognized
but this and other mixed showings of
railroad earnings was without in
huence on prices. So was the resump-
ton of dividends on Lehigh Valley
after an eleven years interval The
rise in the Metropolitan fractions pull
ed prices up slightly and held them
to the closing which therefore shows
slight gains as a rule
Bonds were dull and irregular but
with an investment for many dormant
Issues. Total sales (par valued ST.
$4,000. United States bonds were
unchanged on call
NEW YORK STOCK LIST.