The Montgomery advertiser., 1906-02-28
THE STOCK MARKET
SIMILAR IN CHARACTER Io THAT or
At the Same Time, Instead of an Advance There Was n Hecession of Ericee-- Professionals Completely
 Tn Control.

New York, Feb 2T--The reversal of prices today iron, those of does not ,alsir altfr similar in character to that of yesterday; The dealings were highly professional and having ans. actual bearing on values had very ilttle 10 do with the operations, These any partIcuIar from those of yesterday when prices moved up with some aggressiyeness. market seemed largely due to the fact that the available point of the upward movement desired to carry them There were some surthsr advances in the early deaiinss today days buyers to sell stocks
 The principal news of the day from .sa ~ surriises @ as s to the identity Of buyers and sellers and the fixing of the supposed iden- tty ot the sellers with the most dsmonstr,s- Ions of ruse to make a market Tor stocks. sentiment showed itself more affected today York public utilities The local traction group. ioIned the recent declininE tendency lions might be subjected to measures of reg | of gas in New York City to so cents Con | solidated Gas itself showed evidence Of sup | sorne strength. the demand from an uncdy- cred short interest shaping to that result ment of the labor controversy in the coal | trade was even more hopeful than that ot | it's advantage on that score and shared h | the general decline. The Hill railroad ! worry widely on the decline as. Is usual with I these closely held stocks whether the move
 e ent insve,ee ii @ara o o seat,msnt which as been on the side of the advancing prices prices for a
 95s as a se wes sasp erect on 'n | Many runors circulated of an alleged | hitch in the much diseqssed plan for tn, tn, | sale of ore lands to the Uulted states Steel | Corporation No authentic information on alleged plan. has been forthcoming st any ! equally without authoritative warrant. The | price. of copper was raised another fraes s1 ' Amalgamated Copper against the downwaro | tide of the market.
 fact that the price of copper yielded in Lon don. in spite of the inarking. up of the price ! here, The continued liquidation of Kaffir 1 ing effect in various foreign markets which over the outcome Of the. Alseciras confer l enee The course, of affairs in the money the abandonment Of yesterdays attempt tc revive the speculation in stocks
 arose sOses to ss oS6 ana the sovernment in
 ssitntion again showed & eredtt os .n eainace in,s rior eHa sitiss ssI ars saiS to be withdrswr fund.
 rom New York and the continued s M adysnc' ans
 n yeF M bs ssnsss o 1ysP f cns sGa tG pro able operation. Time loans were reported
 firm and qaotaby hlghe but the ,ntsrs.I fSrss5 was shown in the reported intention to close up the internatlonal mercantile marine u1- II ed from time to time to allow the market ing of the bonds. but which are to be dis
 tributed to the syndicate members at q loss
 at the underwriting estimated on the pres
 ent market value of the securities at F pei cent The continued strength of the Wa
 bash issues in face of the general weakness
 was due to rumors of a. refunding bond is-
 sue and of an alleged plan for an outlet to
 New York. The closing tone was weak and
 at conspicuous losses for the day.
 Bonds were irregular. Total sales pal
 value S3,5l0000. United States Ss and olc
 4s advanced L per cent on call and the new
 Is declined 4 per cent. on call.
 NEW YORK STOCK LIST.