The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1905-11-03
WALL STREET REVIEW
SEVERE SHOCK TO THE Stock MAR
| KET NEAR CLOSE.


New York MSy .srs ss.s ns e.
Rssdins ana that stock was rashsd nD e
This movement induced a slump in prices
elsewhere. but when trading yielded TO be-
Closing ss va. ana nsns
s S wa' s.'h sssns .ass !. the
lots % many thousand shares. IN. FEELING
tie fear 81 iossss s to GOT b nm inyoiysd induced
directions. Gains were pretty generally Ify
wiped out In q few minutes and 2 number
msnts in the the market were special through
out and q scrutiny Of the whole list dis
closes that the general movement in the
There was some stocks in this class that
moved upwards during the day. but they
sS IN the aSssria, list rSe np
ward movement was not simultaneous but
Or sroup Of Stocks to another some 1s tenn
Of news agreeable. to the movement being
brought soe 4. forward in each case to account
The rsopening of the foreign stock mar
kets after yesterday.s holiday revealed
continued disorders ana the doubtful out
look in Russia There was q sharp reaction
was an active seller Of stocks in this mar
ket during the early dealings This reac-
outset BY the Sudden up%ard the e
individual stocks. This was only partly
successful in oyeseoming the general f.ayi-
tinued to be received in the market from
After the hour when trading abroad wa.
over. the market here made better general
progress upwards The coalers continued to
the Ss. in the ns
time past. The supposed new factor today
unlikely for the coming spring.
ing sss evsl and Of influence fISe ssaf IN
sswakeni1g Erie from a partly dormant con-
extent by trade interest coupled with the
extraordinary activity reported In iron and
sss asi, Tss Ecup e ana "a
electric stocks ipcludns the Aiiio-chai-
issue authorized By General Electro g
responded to reports OF a large order for
the equipment of freight cars. the placing
of wsh has q f sns psysa ~ part the
The Duluth, South Shore q Atlantic stocks
were brought into sudden prominence as
in Canadian Pacific This movement also also
was supplement TO Yesterdays speculative
These were designed as diversion from the
persistent speculation In some OF the very
high priced stocks. which is looked on with
disfavor by some Of the banking interests
owing TO the large increase In this class of
stocks In the collateral for loans at the high
prices to which they have been rushed
Time money continued steady ana firm
In this market and foreign exchange re-
covered from Yesterdays reaction. The
Bank of England made a very weak re-
turn with its proportion Of reserve to Tia
bilities down to the extraordinary low nro-
portion of 80 per cent. Open market
discounts hardened In London. call money
rose sharply and sterling exchange at
Paris declined q fraction. New Orleans
took another $500, 900 from here by trans
FER through the sub-treasury.
Some Of the Southern and Southwestern
systems reported decreases In gross earn
ings for September. some of them showing
decreases in gross earnings with an increase
In operating expenses to magnify the effect
OF net earnings. =
Bonds were irregular. Total sales. par
value. s3,325.o0o. United States Is declined
" per cent on call
NEW YORK STOCK list.