The Montgomery advertiser., 1905-04-18
WALL STREET REVIEW
STOCK MARKET MAS APPARENTLY
 UNSETTLED.
Had Impression Carried Over From Proased- ings of Saturday on Account of Urgent Pressure for Profit
 Taking.

New York. April I7.--There was consid-
 erahle unsetttement manifested h the stock
 the carrying over .f bad impression from
 Saturday on account of the rather urgent
 pressure to take profits on the weeks rise;
 This impression was partially dissipated by tue buoyant opening this morning, but
 the nigh prices made then invited seiiing
 and served to se hs
 for the rest of the day was spotty ana
 irregular
 such volume and character as was not to be
 ignored. It was generally supposed to be
 due in part to the necessity of protective
 measures in connection with the wheat speculation. Various publications pointing the hazardous position of those committed
 to the wheat deal made opinion sensitive on this point In the wheat market itse4 the weather news helped to sustain prices and
 to that extent relieved apprehension over the immediate situation of the yield. But on the other hand the possibility of damage to the crop by the unreasonable weather
 Is disadvantage to vRiues of stocks and had its part in cooling the demand. The wintry weather carried it's threat Of damage to other crops as we'll and was one of the appreciatie factors in today's stock market. Another was the assembling of the Senate Committee to investigate the prob- lem of railroad rate Legislation. This topic has fallen into the background during the recent enthusiasm in the stock specula- ton. The report of the committee's inten- ton served 10 brihg 1t into considers ton again with its ultimate possibilities when tinue to talk in very confident terms re- gsrding traffic, but their usual weekly in- teryfews were of more restrained tone than for some time past There i-r snf- ficient business reported to keep equipment engageu. put the over-aounoance which caused car shortages early in the season has passed away.
 While these minor considerations played their part the market continued to give ne principal attention to the question of the Northern Securities distribution ana the readJustments growing out of 1t. While the AR A as was expected, there was still the abso- lute lack of official announcement or ,on- firmation for any of the many stbriss of deals supposed to be waiting on this event. The situation proved a strain to speculative confidence, especially in view of the high W concentrated character of much of the selling of Union Pacific and the fear. aroused as to what 1t might imply. This stock and Northern Securities on the curb Ing and carried depression into other stocks which have moved in sympathy with them The exceptional strength shown hv St Fauf did not serve altogether to offset shis influence. Neither dId the sustairnd advance in Atlantic Coast Line, which has only moderate effect even in its own group 1h@ renewed strength In the Uniced States Steel stocks was of more influence laa seemed to be due to satisfaction with t..e corporation The preferred rose easily 10 a new record level
 There was some special demand for money in the London market today due to large financial transactions winch a.e ex- pected to be of temporary effect More i'm Qortance was attached to the renewal ol the demand from Parts upon London for gold which resulted in a sha-p decline ,n ,ne sterling rate at Paris. Money nere was distinctly easier. but sterling exchange was steady.
 The closing tone of the narket was
 heavy and uncertain as 1t had been for the most of the day.
 Bonds were irregular. Total sales, par Value. S2.s4O,OO0. United States 3s and la
 regular declined E per cent, and the Is coupon E per cent on call.
 NEX YORR aTncr nrsr