The Montgomery advertiser., 1905-03-15
WALL STREET REVIEW
RISING TENDENCY CHECKED BY REAL
 ZINC SALES.
Persistent Reviyals, However, of Specula- tion--Both Russian and Japanese Bonds Were UnfavorabIy
 Affected.

New York March A. Realizing sales overweighted the stock market today and checked the rising tendency. but there were persistent revivais of speculative adviees here and there In the list, which Kept up the tore of the market and gave It resist
 The urgent selling pressure was only at the higher level and with the yielding or prices the volume of offerings decreased to ineffective proportions. Credulity was rather severely taned ] In some % r os tne in spe- pe cial stocks owing to the entire lack of authoritative confirmation. In fact. in- on the reports which have made up the body of the stock market influences for some time were met with such terms as 'bunoombe" and ''humbug."
 Bankers upon whom would fall the re- sponsibility of carrying into effect the pro. frankly decried the repetition of the re- ports and the excited speculation which they were used to excite extraordinary element in this market is the slight atten- tion paid to such substantial factors of dis couragement as an opposition of this char acter might seem to be.
 The profit taking of the day was absorbed as usual and advances renewed on many points. Some distrust continued to be ex- pressed over the extent of the advances and over the reliability of the factors which have caused them and the high level of prices Is regarded with apprehension in conservative quarters
 One striking evidence of this Is the fact that money brokers in London, in connec- ton with the current stock market settle ment thSre. hesitated to accept American rails as Icoilateral security for large loans owing to their fears that present prices are unstable. Foreign markets also were the immediate outlook for peace, owing to the official utterances behalf of the Russian government in favor of prosecutins z the war. The bonds of both belligerent governments were affected unfavorably by this prospect.
 growing influence in stock market ha at Albany of tax on stock transfers which if is feared would constitute a serious ob- operations now conducted on the New York Stock Exchange. Much attention is given In consequence to the discussion of measures in opposition. The consideration of the sub 1ect had its part in the causing of the fall Ing off of activity today in the trading The $50.000.000 bond issue authorized by much as speculative rumor had pointed to and the movement of the stock indicated that this moderation was a disappointment to the holders of the security. The changes were still running on the varying rumors of mergers combinations and dividend increas- es. especially affecting the Vanderbilt group and the transcontinental connections sup posed to be destined for the combination The Toledo St. Louis & Western was in- ciuded in the scope of the rumors. smeIting moved up again on revival of lead merger reports. There were extraordinary move- priced stocks. Lackawanna rose on trivial buying to 400. Ontario & Western move ment was renewed strongly in the late deal Ing without further news developments and helped to break the effect of the active profit taking In progress. which made the closing frregular. National banks will pay tomorrow the Is per cent installment of Government deposits held by them, thus completing the recent call. but the money market was fairly undistarbed by this preparation
 Bonds were irregular. Total sales. par value, $4.40o.0 900. United States bonds were all unchanged on call.
 NEW YORK STOCK LIST