The Montgomery advertiser., 1905-02-07
WALL STREET REVIEW
SPECULATIVE APPETITE LESS BUOY
 ANT THAN LAST WEEK.
Diversion of Interest to Speciality List. aFd There Were Some Striving Move
 ments in that Depart 4 menf.

New York. Feb 6.--The speculative appe- tite today felt the lack of the, highly sea soned deal rumors with which # was bracsd last week. Somewhat languld attention was paid in consequence 10 railroad stocks which mege ors TSers %as diversion of interest to the list of specialties and in that department there was some striking movements
 Stocks of that cla. ' however, have less influence upon general sentiment than the standard railroad stocks. The sympatnetic effect today was confined to a power of re- pression. which pretty well restored the level of prices but did not carr 1t above Satur- continuation of the Saturday movement. which evidently due to nisgiving over the progress of the agitation for control or railroad rates and to the poor bank state ment.
 The early decline was insignificant outside of some of the stocks which had been un- minor Vanderbilts were in this category and showed the effect of the failure of conftrma- tion stories which circulated last week. To- days substitute for the customary deal story was revival of the old reports of combine traction companies. spurt of 12 points to new high record by interboroush Rapid mors although the movement was effected on light transactions in the stock
 The Metropolitan properties made ready response, however, on the stock eK- change to this outside movement, notwith- standing the lack of official sanction of any or the reports. Ine only OtuST AuNdnCeS OA any great amount were in stocks of so little conspicuousness as to have little influence on general sentiment
 Most of the list was sluggish and un- certain in tone but reflected active pressure to sell. Attention was kept awake to the subject of Federal rate control by various measures of agitation against the proposition on the part of the railroads themselves. the movement in one case talk ing the form of circular addressed to The money market was unaffected by the bank statement and some expression was found for hope that the export movement Of gold had spent its force. But the market for exchange continued firm and heavy ad- ditional engagements were announced before the day had expired. It Is the general ex- bond transaction remains to be reflected in the loan item of the banks and Chicago made some very heavy drafts on New York last week in connection with the street railway purchase. which also figured 10 only a small extent in last weeks banking av- erages. Speculative sentiment was there fore inclined to discount to some extent an- week.
 Railroad official reported some embarrass- ment to traffic on account of the exceeding ly cold weather, and the grain rate war Is resulting in diverting large grain traffic from Chicago to the Gulf ports, but at not very profitable rates. Gross earnings Of railroads fot the fourth week of January made a generally favorable showing. The heavy tone in the railroad department was unrelieved and the closing was easy.
 Bonds were firm. Total sales, par value. S5,325.0oo United States new 4s advanced M per cent on caIL