The Montgomery advertiser., 1905-12-15
WALL STREET REVIEW
SPECULATIVE INTEREST IS FULLY
 MAINIAINED.
Market Decidedly Irregular Throughout the Session, and at Times Progress of
 Trading ls Uniformly

New York. Dec. 1f.-Speculative interest was fully maintained today as Is abundant ly indicated by the volume of the days sales. The market was decidedly irregeuiar at all times and more than once during the pro- gress of the trading was quite uniformly Meas stock But % many many Sr,ans advances scored ket and faciiitated the process of realizing ary. or backward condition of many stocks in the list and the sharp break at the last. satisfactory features in any active bull mar the course of the current speculation has oeen os a large cause for the distrust and criti, cism of the market as being artificial and
 The conservative class amongst the com the n9 ,Se 5o
 ee ed ths in Rrs1s without vi any to present market This % eenserSatiSe va R % class 'ef of dietions day after day and have. had to re- ceive the burden of complaints from custo- of the Speculation. what % could Id be ta' accepts ee
 ed as healthy and normal reaction has in Wall Street as an opportunity. to come into the market Today's speculative favor ard stocks, but the character of their move ment was not different from that which re News m to for Ss
 was lacking. but there was the usual circula-- tion of tips to herald the movement and nous activity in .he desgnated stocks The operation of organized speculative parties ture attracting much attention is the very large buying abroad of what are called
 Purchasers of calls for American stocks in London prompt the purchase of stocks here privileges But the purchase of these calls calls
 us pSinted % 9q b be as an
 Soders i who desPe SSten 'paSa ther
 one1 the ha es perod sr of today 1t Is realized in all quarters that the period period , of money uncertainty is not yet ued to command premium in the shape of commissions which raised the net cost of the, great foreign banks published today showed no improvement in money conditions of England statement were the decline in government deposits of 25.000.0 900 and the flecting last week exchequer bonds opera tlon With net decline of about $4.500. 900 e ss aas result Gny K ns esH. sa een eank % %ta abs Gf Sony per weeks financial tao'ss oberaton Last Ss failed therefore to result in the expected reG1peration eel, s,an in the the banks position. sterling exchange at Paris fell abruptly two centimes to the level at which the engage ment of gold in London for Paris shows a profit Foreign. exchange here, however vas little effected. The present liquidation in Rock Island stocks had disturbing eff feet on sentiment. and the unresponsiveness of the United States Steel stocks to the bril- liant showing of trade conditions was a dis appointment. An attentive eye also was kept on the proceedings of the United Mine Workers Convention. The decided break In prices in the last hour was not overcome when the market closed. in spite of a few fevertsh rallies and the closing was active and weak with losses the rule and very lit- tie left, even of the days principal gains .. Bonds were firm, Total sales par value S3.l15.OO0; United States 3s and the old and new 4s declined per cent. on call.
 NEW YnI3R nnMna