The Montgomery advertiser., 1906-05-09
THE STOCK MARKET
eTnIllING AND COMPARTMENTS
 SHOW OF STRENGTH.
Demand Much More Broadly Dissrt- butea and the Movement Shows . Oellberotson and Steadaness
 That Had Been Lacking.

New York, May s.--The stock mar ket made striking and comprenen- eive show Of strength today; Ine spasmodfc than in the. first violent rebound from last weeks extreme de- pfession. The demand was much more broadly distributed and the movement shcwed deliberation and a steadiness that had been lacking in the market for some time.
 It vas considered likely that the E re- quirement of the more persistent eies- rnent on the bear side still had much to do with the advancing tendency or prices, but It was obvious tnat specIu9- committed to the long side of the mar ket were showing much more conli- dence and greater willingness .o scr osf sn1ns t;n m marSe. Thsrs wps no special news to account for the more aggressive teIt dency of the recovery in prices ana is was based to large extent .,cne on one ments which had carried prices down ward might be considered to be escaped. This was particularly true Of the
 iasi Refer 4nii of anxiety on that score was due, more than to any other cause eo the decided relaxation in the rates TOT time loans. Brokers In tnat ma. eS reported much more liberal onerinss oL funds and a willingness to conceoe rates which made the tone sort even as the lower quotations. There IFS nQ Ieai - cisco, although small remittances con tinue to be made to that destination through the sub-treasury each day. money from San Francisco is expec- ted as soon as banking operatio3hhs 3h dse dae resumed and the dimensions or Ine ne ne mand on deposits are defined: . i1 1ntsrs tas connection, however, there was lnteI- ester discussion of reports or pro1sssc.s pss, for financing the proposed reoullolns of San Francisco by means oi orsa9n BE 9nr- eisn exchanges carried an intimation of the probable termination Of the m ward flow of gold to New York. DIS counts hardened further in Lo4aon faonr arS nf that center. both in Paris and here London was seller of stocks nere atu this made a demand for exchange m this market which helped to advance " This selling is attributed to the i,n- minence of stock exchange settte of stockholdefs to this market which were sent over to London during the money stringency here to take advan- Of the ssst caspsr .esmeG 9ney faf to the prospect of check to the inflow of gold as the action the money market indicates that our needs nad been sufficiently supplied for the pres ent. Reports were current, however. that the Bank of France would re, lease an additional large sum of goid to New 1Ork. Ine aCtlOH LII thS "AOAo market suggested some uneasiness over the cold weather in the crop regions, but the stock market was indifferent also to that.
 Conflicting reports of the outlook for a settlement or a prolongatfon or the lake freight handlers strike left the prospect in that matter somewhat op- scure. The actual factors in the days stock market are thus seen to have been somewhat mixed but speculative sentiment was undeniably encouraged and the active demand at advancing prices was well sustained.
 Many of the high priced stocks which suffered most acutely in the recent forced liquidation by reason of theeun- stable height to which they had been hushed made notable progress today in retracing their heavy decline. Read ing, Union Pacific, Smelling and Amalgamated Copper retained their position well in the forefront of the speculative movement. The activity of the demand fell of to some extent late in the day but prices were firmly maintained and the closing tone was strong,
 alue $3,360,000. United States bonds were all unchanged on call.
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