The Montgomery advertiser., 1905-02-09
WALL STREET REVIEW
STOCK MARKET HAD ITS STRONG
 POINT YESTERDAY.
Easier Tone In Exchange and Cheek to Ex- port of Gold to France Had Some Effect on the Speculative
 Sentiment.

New York. Feb, s.-The stock market had its strong point today, which acted on tee general list ID acordance Mltn the precseen. ,r Reading and Ontario Western was carried over from yesterday. But on the other hand ern, Atchison, Tennessee Coal and some otrl. CTS showed evidence of having run out and halted or turned back today.
 Thore were new developments Of interest and of importance, but the price movement showed no direct reflection of these tnflu- ences. Yesterdays rise in Atchison unex- plained at the time, found the motive In the election of H. C. Prick and H. H. Rogers to the board of directors. Wall Street regards this as confirmation of report nov several this property in the interest of Union Pa. cific domination fin the transcontinentai long dropped out of sight and had not fis- ured in the recent busy rumors of railroad deals It is the first really substantial evi- dence. however, that has come to the public to corroborate the belief that the particular party of financiers thus represented is reach. Ing out for consolidation of control in the railroad field. To this extent 1t served to revive confidence in some degree in other deal rumors which have been influential In the speculation.
 stocks immediately concerned to be much af- fected today. Atchison itself. as has been seen, being subjected to realizing.
 The rise in Reading and Ontario & West ern had some explanation in the high rate of January production of anthracite and in the reports QI TSuuCtlOu oI sNOShS Oh hoAA~ which is resulting from winter obstacles. But other members of the group of coaiers were unresponsive, notably the Fries.
 The easier tone in the exchange market and the check to the export of gold to France had some effect on speculative sen- timent. although large engagements for Cuba and South America served as partly offsetting Influence. Foreign discount mar kets were inclined to he easier and the price of gold was lower in London, while sterling exchange advanced in Psris Peace rumors continued to affect foreign markets and there was some buying here of stocks for foreign account.
 Reports of further purchases of pig iron by the United states Steel Corporation were regarded as a satisfactory index of the in- dustrial situation, but United States Steel stocks were no: affected. There were many advances. however. at other points of the in- dustrial list.
 Haven & Hartford was extending its hold ings of Ontario & Western and this was held to account for the. buoyant upshoot in that stock which served to support the market at the last and made the closing strong. Prev GUS to this the large realiz- ing which. had been in progress all day had rather generally overc Jme the firmness or the market. The large number of offerings of new securities. which is in evidence in the financial advertising from day to day syndicates and the ready absorption of new bonds is factor in the prevailing strength in the investment market.
 Bonds were firm. Total sales, par value. $6.410. 900. United States bonds all unchang- ed on call
 NEW YORK STOCK LIST.