The Montgomery advertiser., 1904-03-29
WALL STREET. REVIEW
DULLNEss AND LASsITUDE
 AGAIN PREV AL.
Still Lack of Finality in the Distrt- button of the Stock Held by Northern Securities
 Company.

New York. March 2S.-Thc speculative sNcitement which kept last Week mar ket stirred up over Northern SHeurltles sssoiution siss had pretty tn9r'nsnS ,S . sup ne sloed Tn today's market and the tope re- iapfed into the dullness and iassltude or the period preceding the Northern Secu- rItles oecision Much less sghlncahce was ssLtacheo to the mystery siill surrounolng the anairs of the merger. the one fact remaining in evidence being the undenia- pie absorption on large scale or union racine without stocks to explain IL. Yet
 U seemed not to be timed over the out nreak or hostilities between the old con tending forces in the merger, the protes- tations of all parties of the desire for peace having It's influence in quitting this appaehension. But there Is suH lack or nnality in the distribution or North ern Pacific and Great Northern which leaves room for uncertainty and nervous ness. IT there are in fact legal obstacles .o Union Pacific's substitution of those securities as collateral in place of its Northern, Securities stock the danger of embarrassment in the plan remains what ever may be the desires of the parties for peaceful settlement. suggestion was such a dilemma by the exchange by pri- vate agreement of Union Pacific's Great Northern stock for Northern Pacific stock of the other recipients which would Tor the great railroads concerned. Union racine made rise of point in the morning but did not hold 1t. The weak ness Of the merger stock in the curb market had bad effect upon 1t and up- on the whole market The London settle ment induces some demand for American stocks from that quarter on the part of the uncovered shorts. It was reported that one small 6eaer in Americans in London short of the market was com peiled to assign. The latter market was made up of few special movements in Individual stocks which proved to be with out general influence in the market. The rise In Amalgamated Copper was due to thH encouraging reports of the demand Tor the market and the large exports marketing. Wabash preferred enjoyed an upward movement of a point in spite the system shown by the February state- ment. Louisville and Nashville's gain was connected with the circulation of bankers & computation of the relative ad- vantaEes of the stock compared with oth- CTS selling at higher level. Other South patny' united States Steel. preferred, sun hung back. Cheerful reports of cur rent conditions in iron and steel are coun- teracted by the fears of a poor showing TOT the quarter. the returns of which are expected to make their appearance next Week: tWN Money continued very. easy but the nrmness of foreign exchange kept expectation alive of gold engagements TOT export. The rise in the Southern group Of railroads. stimulated more gen erai strength in the market than at any previous time and The closing was steady WltE me prices Of the prominent leaders up point or more.
 f'rices of bonds were well held Total sales par value. $1,550oC0. U. s. new 4s coupon advanced Is per cent on call
 Nec7 York Stock List.