The Montgomery advertiser., 1905-03-03
WALL STREET REVIEW
DEALINGS ON STOCK MARKET AGAIN
 EXPANDED.
gpecuIntdon Showed Great Variety and An. matioa, but Qualms Of Digestive
 Process Were Evident h
 Days Movement

New York. March s.-Dealinss on the stock exchange expanded again today ana nation. ~ but the auaInas of the digestive pro. cess made themselves evident in some or the days movements.
 owing to the impression caused by the de- cided upward movement with which the Ssaiins; ended yesterday anS the position of the market thus strengthen. ed by the clearing out of weak accounts and of prices confidence was quite general that the upward movement was to De resumed m force.
 It was this sentiment that induced the spurt at the opening on accumulations of buying orders. But there developed an apprehension that there , might ,, pc large rcc an opportunity. This impression was not entirely eliminated during the day, although there were plenty of strons TSs aeeu mutation of Erie especially was of large influence sentiment owing to an element timations til that important Announcements affecting a railroad deal were to be expect ed in which that property would figure presses the speculative mind in the current stock market to the same extent as the idea ass Sr %., sf she mor. % portance in its influence owing to the wan ing of the effects of the recent stories cific. with the exception of the opening bulge these two stocks were rather dis tinctly under pressure throughout the day. on the advance which has followed those evidences of their reaction are of wfde-
 Reading Joined with Erie in the advance, but the other trunk lines were inclined to come under the influence of the realizing in New York Central Pennsylvania's large those of the previous year was ineffective to change this condition, partly. no doubt. with which che comparison Is made. Fear that the rate cutting over export grain busi, ness would extend to import traffic and and would involve the Eastern trunk lines was an element in the trading.
 The United States Steel stocks were heav- fly absorved as a result of the reports of buoyant conditions in the iron anu steel market and their strength was an important sustaining influence in the whole market. Southern group of railroad stocks and the reasons were not very clear. although the assigned motives for the buying were de- rived from the presence in the city of some Southern capitalists of influence. Some of the Southern industrials shared in the movement. The stir in the New York pub lie utilities was attributed to legislative con alterations. The weather bureaus report showing good snow protection for wint sr wheat was a favorable element in the mar ket.
 Foreign markets were rather disappoint. ing in that the official rate of the Bank of England was not reduced, but the large current demands upon that institution's credit facilities shown by the weekly state- ment was regarded as the fair explanation of the retention of the rate. The foreign exchange In New York recovered in conse. quence.
 Operations on the stock market showed clearly the activities of the two opposing par ties to the speculation and the irregular tone continued to the closing some stocks receding to the lowest and other ris- ing buuyantly upward in the final dealings.
 Bonos were firm Total sales, par value, $4,5S0,000 United States bonds were Ill unchanged on call
 NEW YORK SHOCK LIST.