The Montgomery advertiser., 1906-02-14
THE STOCK MARKET
MOVEMENT IN FEW STOCKS LIKE
 FROTH ON SURFACE.
Some Securities Violent in Their Fluctua- tions, But the Market a Whole HlugHish--Bonds as Rule
 Ara Heavy.

New York Feb. 13.-The violent move seem like froth on the surface of the mar ket owing to the comparative sluggishness S tns se1srS ysl Of H.ss sss ram hardening to heavy yielding, without any large activity to account for either tendency: Dealings. however, rose to over million The effervescence of the few active stocks heavy otherwise. The buoyant outbreaks they have previously occurred and the causes to which they were attributed had no aid1- tions to those advanced in explanation for The conviction amongst speculators seem
 ed to haze gained fores & over ahs oS ths copper properties was imminent and there seemed to be a distressed short interesi, ,s;s which the prices in that group were rushed up. Anaconda fairly reached the 300 mark and recovered again to that level. the sec ond time of the reaction, thus verifying the most exfravaEant predictions of the special, Chicago Northwestern stock took another up | ward flight on reiteration of former rumors | these properties, especially that pointing to | a disposition of the Burlington which would ! Involve the retirement of the joint collat- | eral bonds issued against it's stock. leaving that stock 2 free asset Tor the eontro ; ;.li5 i | to place in this company.
 The movement in New York Central vas S less impressive and so with no Stnsrs Sf,cnt m to | discern that the growing volume of a new I bond and capital issue was the principal in urday developed new proposals or confirmei 1 those previously reported for many millions l ble bonds. sold by the American Telephone Company. the 316.000.000 convertible bonds 1 offered by the Atchison Company the ex- pected issue by the Lake Shore of $35.0O0,- | 6O0 bonds, a rumored offering by the South | ern Pacific of SIS, 900, a Louisville and | Nashville issue still vaguely dsfinen as lsrse | Public Service Corporation to issue its $12.- i 500,000 of treasury stock. This makes a 1 noteworthy supplement to the heavy new ts- i week before. Money rates were appreciably firmer all around. New York exchange at | eign exchange yielded.
 | The statement of January reports of agri- l cultural products show an increase of over The money situation in Paris Is easier for | the time being. The offerings of finance bills
 in New York were the principal factors in | anxiety over the Moroccan conference ana l the legislative measure, both in Pennsylva-
 mia and at Washington looKlng t0 .rn ,nqu,ry nny | helpful to the speculation.
 An incident of the day was rise in the | price of silver to a level higher than had
 yet been touched on the present advance.
 statements of gross earrings by railroads for l increase of IS p-- cent. by Wabash up to
 36 per cent. for the Northern Pacific. Ca
 padian Pacific and Missouri Pacific. The l tendency toward reaction became pretty
 general late in the day. but there were few
 final rallies and the closing was fairly
 Bonds were heavy. T~tal sales, par value l S2425000 United States 2s. the threes
 registered and the cid As advanced per
 cent. on call.
 NEW YORK STOCK LIST.