The Montgomery advertiser., 1906-04-13
THE STOCK MARKET
HONEY ssa,s;sx BATES EAIL HH1n dssr. TG FULFILL
Call Loans at the Opjening af 10 fex Cent. ThOugh Later Coin Is Secured More
 Cheaply-Bonds are Steady.

New York. April i2.--Today's money mar ket did not fulfill the promise held out by the violent relapse in rates yesterday caused by the news of beavy engagements of gold for import. With call loans opening at 10 per cent. and large amounts loaning near the relief afforded by the gold engagements wss modified; although the money rate ran
 There was an equal lack of any asgress- i've Initiative towards speculative accumula-- ton of stocks or attempts to advance prize. individuai stocks and the movement was haiting and irregular. The impression was money none ma market I secured r from the ensagement of gold in the London market was designat- ee 1Sr % Sthsr setay e on she
 cent instament no of os ssoser'ptShnis pchiso 10 n an vsrtibie bonds thus calling for upwards of s4.ooo.ooo. On. Monday ten per cent; in- ooosoo Of American Telephone. convsrtibiis bonds thus calling for sio:eoo; ;ooo; It's u IS srnmsnt wheh sha borrOwsd ssooS market bonds on the high Interest ,, basis basis for half the amount on satlsfactory terms. hut has borrowed the other half again Tor
 Borrowings of this character will be sup planted when they fall due by more per Inanent obligations. which VII M se mass arr nnerr ket. Another. si.ooo.ooo in gold vas secured in London today and it became known srad that sr amount ann n we yesterday. said to be .ss,ooo,ooo in London for import to Canada; but with M t the . RarRGss I" ss cy Gs using Fh. hs money markets and of our owh foreign ox- change srkst d9sn of the rod ment. The rebound in sterling exchange here was paroxysmal. , v...ara.v for demand bills, which was at one time 4s2. 90, the rate was rushed up today ,ioo ,,,o preeedent ss in New York. Discounts in LondoG apprseaf6y flS ana Ss eontion Which o
 fered a command by New York of the Bank of Englands supply of British goia e9,n }nnson has been secured by the largest transfer of speculative holdings of stocks from NC"
 The proceeds includes sales of stocks in Msy York the m nosfs Sf igahI a London and
 It Is supposed that bank loans ,,,ans in Sew os York have been reduced s,n many mb,,'ons 1bs Week The weekly statement of the Bank of Eng land showed the strain on its resousoaSs @ ho1S,ngs of i bullion having fallen during the week $10,s2o.77o. The decline in the loan accopbs acL1 decrease in percentage. of reserve to iabii- Bank K. of .S ErHsa ssas. @ ths epsasS q large contraction both in loans ana the outstanding note issues. The increase lh the pension payments has reduced t1e sup. treasury's absorption from the partKs TOT the week to a nominal figure The an- nounced policy of the Secretary of tne ae governrient receipts over the expenditures with national banks at various a0asnd points rs on thenn from the Interior But the heavy customs collections still center at this point Considerable strength was connected with prospetcs of a labor settlement and an adjournment of the coal .conference was followed by a reaction. Prices decitned in sympathy to a fraction below last night ana closed easy. ,.
 Bonds steady. Total sales par value s2455,000 United States new fours, register ed advanced is per cent. on call
 NEW YORK STOCK LIST.