The Montgomery advertiser., 1904-10-06
NALL STREET. REVIEW
EXCITED AND FEvERIsH MARKET
 THROUGHOUT SESSION.
Movement Of Prices 90 Wide and FTuctua- tfons SO Constant as to Keep Spec ulative Sentiment Greatly
 Unsettled.


 NEW YORK Oct. 5.--There was an ex- cited and ,feyerish market for securities all day today and the volume of business some what exceeded yesterdays large total in spite of Intervals of decided dulness in the tradig. The movement of prices was so wide and the fluctuations so constant and conflicting as to keep speculative senti- ment unsettled and to puzzle the traders who sought to follow the market The so- called room trading. however. was on an enormous cale and operationsof this char after changed often during the day from the long to the short side. Such news as became known to explain the movement of prices seemed quite inadequate to account for the violence of fluctuations. The wid- est movements were without any news to account for them.
 St. Paul opened point higher; relapsed to a fraction under last night shot up to 1es% and rluctuated constantly between the extremes with more or less effect on the whole list. The stock was affected solely by rumors with no definite confirmation or more properly the eormous and mysterious volume Of dealings and the cratic fluctua tions kept up the flow of rumors, which represented puzzled conjectures much as any informed reports United States Steel was subjected to further heavy selling but showed evidences of support and recovered vigorously in the later market, but not be- fore number of independent steel stocks had weakened in sympathy. Trade news to lacking as on the advance in the group The trunk lines were heavy at first but moved briskly upwards later under leader ship of Pennsylvania. Its subsidiary stocks. including the differentiai lines Jagged fin the movement. although a rumor was circulated of a coming increase in the Baltimore Ohio dividend rate. This was the only apparent ground for the movement In this group. The asserted abandonment or the lead merger plan helped to depress the lead and smelter stocks. Some of the days rumors associated Erie. with St Paul and Northern Pacific in the supposed plan Of settlement of the Northern Securities con- test and were supposed to account for the rise in Fries. The regular divident declara- ton on Atchison was followed by the ad- vance in that stock. The unprecede nted export of copper has been remarked for TOT the strength of Amalgamated Copper
 The days routine news seemed to be lit- tie considered. The cold weather in the West was discussed, but the amount of corn to De harvested Is diminishing to such a point as to tighten apprehens,ons of dam age 10 It. Attention was given to reports of large amount of Australian gold to be deposited in San Francisco on Monday for telegraphic transfer to New York Asser- tions as to the amount ran as high as $7oO0.00o But the movement is believed to be fin transit to London and due to the advantage of free transfer across the con- tinent allowed by our Treasury Department. St PauFs final price for the day was h higher than last night and only a rem nant of the daPs important gains showed at the closing. which irregular Many prominent active stocks ended the day low CT than last night.
 Bonds were irregular Total sales mar value. s476o.o00 United States 3s declined k per cent on call.
 NEW YORK STOCK LIST