The Montgomery advertiser., 1905-06-27
WALL STREET REVIEW
THE DAYS PROCEEDINGS OF PEcU-
 LIAR INTEREST.
Aggressive Leadership in the Buying Of Stocks Proved Effective and Soon Attracted a Large
 Following.

New York, June 2e.-The course of to- days stock market was watched With De last weeks professionally conducted advance would prove successful in awakening inter est in the market The result was eacour- parked in the campaign in the confidence that an aggressive leadership in buying
 The early dealings on Monday morning are likely to reflect the conclusions summed up from the events of the week before on the part of those who have watched from day to day without making definite de termination On the other hand It IS often @ have accumulated stocks only walt for the Monday morning advance to unload and se-
 The activity of the first hour today was accepted as evidence of a considerable ex- tension of interest in the market and buying orders were reported in considerable volume from widely extended regions of the coun- senT There to take Ts' this demand the course of prices was not marked and the uplift continued quite steadily. One or two of the days incidents were calculated rather to dash speculative enthusiasm, but the effect of these was moderate. It was while prices were advancing to meet tho limits fixed by sellers that transactions e"me to pauss no Vas shoRa by sellers to follow prices downwards and prices held very steadily in the periods of
 Prices in London followed our market and did not at any time overtake it. so that
 
 stocks which were bought on arbitrage in London. Foreign markets were still dis turbed over the friction between Germany quite briskly and private advices received here from banking sources in Berlin depre.. cated the fears felt ov~r the outcome of the negotiations. A keen demand for gold for Paris account developed. however. re- suiung in all the supply on the London mar ments reaching $S,so0.ooo for shipment to Paris this week were made here: It was might reach considerable proportions
 This development had disquieting eff marked decline in the rate of activity after the gold engagements were announced. There is no doubt that the confidence felt in the continued great ease of the money market has had important influence in prompting the present speculative move ment.
 Hopes of increased dividend disbursements days Sf I,pe operations ] With the Reading ~ divi- that the policy thus indicated would prob ably be pursued in the case of the Balti : Union Pacific was also made a feature M 't,a on its assurance of dividend increase. One argument used to enforce the probability by the high level at which these stocks were already selling. Any incongruity in pushing these stocks to still higher level did not appear to be partisans of this argu- ment.
 Railroad traffic agents made encouraging reports and 1t was pointed out that June earnings this year will keep up with the period of flood damage last year The grain reports, but stocks failed to be affected by this. The gold engagements left the money market entirely undisturbed and although prices were not much below the best.
 vase onds stTGng nso ss Toal sales sales par all unchanged on call.
 NEW YORK STOCK LIST.