The Montgomery advertiser., 1904-11-01
WALL STREET. REVIEW
SHARP DECLINES OCCASION TOR SUR
 PRISE TO sPECULAT0Rs. ELI In the Morning It. Seemed that ConfIdence & sn Higher Prices Never Seemed
 More sanguines--Result of hi
 Engagement of Gold.

NEW YORK, Oct s1.--Confidencs in higher prices has seemed no more sanguine campaign than 1t did this morning. The sharp declines of the day were the greater occasion for surprise on this account The lack of known new conditions to cause the lures Of possible occult Happenings in the financial world to cause free offerings of stocks. Tho declines from Saturdays clos ing prices offered no violent contract to the break caused by the war scare in the middle of last week. The generally accredited ments sse 0 of @ soid ' for export this week which amounted to s5,0oo.o0o, all to go to Paris by Thursdays steamer. This explanation ceptancs p ssAe on Saturday that there would be the indifference shown by the stock mar of @ tSi. % n movement today was probabIy ense .ire to the discussion of the causes lying back of the movement in the financial conditions on the continent of Europe. It Is grow ing belief that besides the requirements of c further large Russian government loan there are other needs pressing on German and French money markets. the nature of withdrawals from here for Paris Berlin sig nalized it's further needs by taking $2.000 900 Eold rom London today, following it's own
 London was free seller of securities in this market, even while declining prices here 91fsrsd pn gre ,in. the usual aroitrage operstions.
 
 this feeling was vague. over the tone of pub- lie discussion of the relations between Rus sia and Great Britain and the irritation in the dispute in the opinion of the two cou4- tries. The money market here made no notable response to the gold movement, al- though the month end made some special demands upon supplies. Rather more atten- tion was given also to the prospect for money and the growth in the rate of the Governments deficit in the latter part of October. which threatens a necessity for withdrawal of Government deposits from the banks. The sensftiveness of the mar by the renewed weakness caused by the late announcements of additional engagements
 The room for doubt as to terms to be offered to minority stockholders of Ontario for uneasiness amongst speculative holders Of that stock. but It. was by no means a leader of the decline. There was nething else to give specific cause for weakness in the market was shown by the high opening and the vigor with which the early profit taking was absorbed But the first hour showed thc highest prices of the day and the selling was soon demonstrated to be something more than the profit taking on tho Monday morning new demand. Amal- gamafed Copper was feature in the first advance on account of the sensational buy, ing demand for the metal Sugar rose on the advance in refined sugars. and Tenn essee Coal on the reported large order for steel rails by the Louisville 6 Nashville Pennsylvania and Baltimore & Ohio showed temporary strength. But everything de- declined in the late dealings and the days net losses pun from to 3 points through out the list The closing was weak and at the lowest,
 Bonds were irregular. Total sales, par changed on call. .gs7t 5. tsES
 NEW YORK SHOOK LIsT.y y C