The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1903-01-11

tive movement. The announcement of the
dissolution Of the bankers protective pool
which had subscribed S60.000000 fer the
protection OF the money market against
possible emergency was in effect proc
lamation that the necessity for Its ex-
istence had passed. This action and the
large lenoIng in the money market by
some OF the banks In the pool was also
regarded as an intig1ation that the atu-
tude Of disapprovl Of efforts 10 advance
prices had been modified by the large
financial interests With the money situ-
alton effeezually cleared up there have
been q revival Of all sorts OF rumcrs OF
deals and ths speculative tdes TO ward
this 1evcs1vsn@rf hes uaGergena naFksd
Alteration For s5rdz IErsse TIE rsII1T'-, s,s
aEw project ~ eornciiatssa promising a
large Issue 81 zsw sseHritiss aas nsd =
;.tszEa5s sSS-s ~ sIrsr-iass eii- IE7 esy2T
rs seSsoA Is shs ssaesas fss'is.s ezsSt ,sae
securities ssar&si has tsz75:.za k5asisa WIN
80 - tEs.isa y issaa Rad seps svssSE9 .sstrHs.
tha aEsl.ahle floating SUPPLY o. eafasai
IN Che country, San dificalttes % - stst-
rates ~ projecting laTss hoiasnEs OF W.
sssxk@s able securities - ts.as Sass ~ fssld
70 Earxeig 4eesg5aF for iae n@Ese aefa1a-
Sn.ses Ia the stozs rusa2kst during the
asIta.Yus. Eva early tnAx week news that
tsia prs3z5teI combination Of fsssas1Sise
tTea f51sFrez1s ba6 bssH SeA1aossSa aeF
sns present was recsiVea vita s8Sasssc-
tiop. fEs project for practically Seanahg
= =
wren f,Fst announced this @esk Szs
greeted with decline b'st tire announce
raeat % the Reading deal caused an
-...tla1arsz nj zneclI.AEiYs enthusiasm THIS
Is true although the sCEtsai -
tire securities l1voigee W tire pian cs con-
t-ol OF she anthracite industry mas been
accCmpf shed. while the part remaining
to be accomplished is the financing OF tne
project. presumab ly by the issue OF new
se-urttiez rhe proposed plan OF selling
the Hooking valley is nov regarded as
involving an extension OF control OF the
soft coal Industry ny the same powers
which have thue contaminated the control
of the anthracite trade. The heavy alb
snrptlon of Erie has not been clearly ex-
plained. but is generally believed to be
connected with the further working OF.
the Capitalization Of the control CT the
Eastern coal and truak fne railroad nelu
OF tie weeks special movements may
be mentioned decline in wabash owing
to a judicial decision against it's rights
TO enter Pittsburg which gave place 70
strength upon the announcement that
the dispute between Pennsylvania and
Wabash had been settled. The rise IN the
price of copper lifted Amaigamated and
its subsequent reaction depressed thar
stock Sugar was the subject Of the usual
active speculation preceding a divided
period The United states Steel stocks
were moderately helped by the statement
of the extraordinary earnings OF the
year. The taking up Of the proposed anti
trust measure In Congress was the cause
Of some depression here and there IN
the market, but 1t was slight and was not
general among the industriats:
There was some increased demand Tor
bonds. but mostly for those Of lower
Der cent and the new IA coupon ] per
cent as compared with the closing OF last
week