The Montgomery advertiser., 1906-12-21
THE STOCK MARKET
arARxET SHOWS DEsULTORY REoov-
 ERr TO-DAY.
ntrcha ywhlnh Were Weak Yesterany Were fh~ TsrfneInaI Cninera in IodnyB iMovernent.---Sales Bonds
 Ri.S99, coo.

New York. Dec 20.--The stock msrkes
 today gave evidence of . suosldencs s,.ss oa sss
 pressure of iiauidation which Was so dss-
 ultory recovery in prices on a yolnme ol
 business less than half that of yes.eFu,nhs. yss ,h:
 Tn the later .Gc.,caSIy sssGss H, a sssgbans. This
 Of the market was due to an importasn.t s.a ,- ts
 which were weak yesterday were the prin-
 eipaI gathers i'm todays movement, na.
 those that offered firm resista.ss sr.rAv-,y ~ fn terday's weak break moved but nsfrown .h
 the s,nward turn of prices today. lJhs in-
 terence sugested is the large responselass Of buying to sovsr r snSTss %Sieh mftsd prices
 Tine nasty unloading of the Hili stoehs ene
 of St. Paul seemed to have come so & an sha
 and the market was much reAeNea run .
 Sepressine Sympathetic influence hy this
 biscussion of the unusual manner of the
 St. Paul stock issue continued vsay 1,. SS.i an
 The easing of the call money market puS ah
 end to the forced selling of stocks by witn,
 drawai of credits, The early rate ot hos c53. ,sa
 leans as as hiEh as s.r s 6sn psr 's Defore
 and to per cent. afterwards, ans 1Ssuas ss was plainly due in an tmpcrsant M 9sSrss rt s3 the liqufdation effected in tne stocA "t@a ASS
 srhs result was seen in the number of bro
 kers who were paying off loans' aaylns a So,n aT their stoclxs. An effect was pr9dueeo on the tone of the money market by the snt nouncements of railroad companies ast ,ns. they would prepay diviosnesa dvie aasa nu ufaIIoSs,ns ovx,n@ to the exaxnple of the New York Cen. trai nno,tncad yesterday. The St. Paul ana the Chicago ana Northwestern eompaniss took similar action today. This money | IS not immediately available to the meHss market. but the assurance that .oS woul1 ss ps before January 1. had soothing erect on sentiment ...s..,,s | rumors of further assistance for the money market from the treasury departmeut- t1eIs | was d renort circulated that the banks nao the countenance of Washington antnorltiss | for encroachments upon tneir ,sss' ssst !" ad- | dttionaI goyernrnent deposits might ne fe- l garded as a potential safeguard fer the sit- nation The effect of the treasury meas ures already adopted stiii maae a 'asA nS sns banks from the sub-treasury Tor the Oans 1 statementl week has reached sa,s6SoVV ana \ the government institution was deDtor at the clearing house today tor Sl,osI.sS'; % a ae | if evident why any withdrawal or gold from London for New York account woula i force an advance in the official discount | rate. .oa onn noo and a decrease in bullion holdings Of over | s1 Q 00O, ,OO0 the proportion of resreys to ifa- bilities is reduced for the week from ~ 02 | per cent. to 3s. 54 per cent. The weekly | weaker but that institution parted with I additional gold holdings for the relief of the l English bank. Nearly s2O00.0O0, however. | left the English bank for south America. 1 Louisville and Nashville was more vulner- | able to a disappointment and its decline | late in the day affected the whole list. Gains were greatly impaired and the market | closed easy
 ue si, ss2O0O. United states bonds were all | unchanged on call.
 NEW YORK CLOSING STOCK LIST.