The Montgomery advertiser., 1905-11-23
WALL STREET REVIEW
PRoCEss OF PROFIT TAKING CONTfN-
 LIED ON LARGE SCALE.
The Speculation. However, is Very Animat- ed. and Embraces Q Large Number
 of Different lssues.-BOrds .r Are Steady. e.s-

New York. Nov. 22.-There was even more irresularity in the market todsy than yes- profits first began to show | pronounced effect. This process of profit taking was speculation. however. was very animated and i embraced large number of different is-
 The volume of dealings rose to the largest aggregate of any day on the movement. ing of speculative ventures of, a prodisious scale from one set of securities to another. Selling out [, at some some points % was accompanied two operations came from the same source or sources acting in concert. however, was
 There were some indications to suggest that one powerful speculative party was commitments on the market. The profit taking was conspicuors in some of the stocks
 some ana whcss were of proportional influence on specuia- tive tS intsssst Feeding and and smsitns were monstration of the. fact that there was a limit to the possible extent in the rise of pressed surprise amongst . certain portion of the speculative element and to dash the ter part of the day. the Influence of the realizing in these stocks rather dominated
 There was a notable frank disposition in the speculative views of the influential lead to be looked for after the violent advance, but that 1t was believed that this consum7 nation would be deferred for some time. This was accepted in some quarters as an indication that very considerable realizing of speculative accounts have been already achieved and that a back turn in the price movement would not be regarded with ap- prehension in such quarters. But the fu- rious trading at new points in the list reviv- ed the spirit of speculation in other quar- ters.
 Brooklyn Rapid Transit was the center of interest and the market methods employ ed in the days operations in that stock sug-
 Ss st Syns and in other stocks which moved upwards most rapidly was attributed largely to houses having important Philadelphia con nections while 1t was the common suppo- sition that large realizing sales were made for account of various Western centers. There was little actual news to account for | the current discussion had more to do with the rumored formation of new pools and | combinations to operate in certain stocks. such rumors. Amalgamated copper became | very active with the announcement of an | advance in the price of crude copper
 On the other hand. copper in London was l seemed to have larger influence oh the | movement in Smelling. It was late in the | day that movement in Erie. Atchison and | ton to the railroad list The money mar ket continued tranquil and reflected nc preparations for tomorrow's offering ei | s12,500. 900 of New York City bonds nor ar effect from the firmer tone of foreign ex- change. The. rise in cotton was assigned I as the cause for firmer exchange rates.
 The market made some recovery from tn.
 but the closing was irregular.
 | Bonds were steady. Total sales par valu, s5,330,o00. United States bonds were all un-
 changed on call
 | NEW YORK STOCK IysT