The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-06-24
WALL STREET REVIEW
DULNESS AND sLUGGISHNEss
AGAIN THE FEATURES.
Undertone is Firm and Isolated Adj
vnnces I'm Some Localities Helped
the Market sympathetically-


vnnces In some Localities Helpeu
the Market sympnthetically-
Bonds are Firm.
New York, June 23-Excessive dull
ness and sluggishness were the fea-
lures OF the stock market again TO-DAY
Ine undertone was pretty firm and $50
lated advances in some localities help
ed the market sympathetically, but
some OF the specialties which perform
eo that function yesterday were IN
clined to react today, and SO had their
innuence in confusing the movement OF
the market. The narrow fluctuations
nights level for the most of the day
II is evident that convictions on the
ultimate outlook ore by no means nrm-
~ held by spectators in stocks on the
part of those at least who have sur
ficient means TO express their convic-
tons in operations in stocks. Sentl-
ment is decidedly mixed between those
who see current unfavorable news sur
hciently discounted in the present de-
clines in the market and who expect
the developments to be towards i'm
provement and those who fear con-
tinuance of shrinkage in trade and In
dustry. Instead of inducing oppos-
ing speculative operations, this con
flict of opinion seems to paarlyze &C
tivity and accenluare the conservatism
and even timidity which prevails. This
spirit seems to be a fair reflection OF
that existing in the bushes worlu 81
ed to stir the securities market wheth-
er for advance or decline. Owing to
the importance attached to the iron
and steel trades as all index of general
trade. u. S. steel pre-. FRED had very
influential sympath etic effect upon the
whole market. It's immooility today
in contrast to its recent il.ivarce coin
municated "a tendency TO the Whole
market.
Unresponsiveness to news of favor
able judicial decision in Montana was
also regarded as mighty Significant OF
the quiesence of party of capitalists
whose market movements are closely
watched for leadership by the rank and
file of spectators. Increases In May
net earnings by reason of reduced op-
Grating expenses for Wabash and Cen
trail of New Jersey revealed tendency
from which much % hoped towards RI =
assurance of capital Sone rrmnes $
in the wheat market was atlripdted
rather to reports OF damage to for
eign harvest than to any harm to gu :
own crops from whien the news was
favorable. The failure of savings
bank in Massachusetts, on account OF
poor investments" was of effect OH
sentiment rather from its example OF
a constant succession of such events
than from the Individual Importance,
which was Insignificant. The string
ent disciplinary measures administered
to members by the stock exchange au-
thorities for relations with outside or
ganizations against The exchange rules
may have had soma restrictive effect
on the dealings. The newly re listed
American Steel Foundry stocks We're
dealt in at quotations considerably be-
low the last prices fo~ them before
they were stricken from the stock eX~
change list. Changes on the dav weTo
insignificant. Bonds were firm. Total
sales, par value, s2.T30,OOO. y. -.
bonds unchanged on coll
NEW YORK STOCK LIST.