The Birmingham age-herald., 1906-10-06
BUOYANT ADVANCE MADE NEAR CLOSE Revival of Ore Deal Talk Was
 Responsible EARLY DEALINGS SLUGGISH H Rumors Were Afloat at One Time During the Day That President
 cassatt of the Pennsyl-
 vania Had Died.
EARLY DEALINGS SLUGGISH

New York, October 5.-A sluggish up- ward movement of prices gave way in the last half hour of the trading today to & buoyant and animated uprush which made up almost as large volume of business as the whole of that for the rest of the day. The revival of the statement veri- fled shortly after the close of trading that the lore deal' was ready to be an- nounced once more caused the awakening of the market Up to that time dealings had been so dull as to offer small field for pomment outside the general puzzled con- lecture as to the cause for the sudden relapse from speculative animation early in the week. The forecasts of the bank statement were for an increase of SS'OOO,OOo to 5000 900 in cash, according to the com putation of the usually accepted authori- ties. This gain is mostly due to the de- posit of government funds with the banks under the offer of the treasury depart ment which was later modified to increase the New York allotment by reason of the repection of the offer by interior banks. The regular express movement with the interior, however, indicates a persistence of demand on New York, the movement on balance against New York amounting to about $2,OO00O0.
 Money on call was much easier
 The halt in the operations by large cap- itallsts was attributed in some quarters to desire to await the clearing of differ ences over the ore deal. The stocks im- mediately connected with the project were notably strong in the days narrow mar ket. Rumors were afioat at one time that President Cassatt of the Pennsylvania had died. Contradiction of this report did not entirely relieve the market from the repressive influence of the talk of his i'll health. Some allowance must be made for the diversion of speculative activity to quarters outside the stock exchange in accounting for apathetc conditions there.
 Wall street gives attention to the cot ton market in periods of excitement there, such as ruled today. The renewed appre- hension over the cotton crop is of direct importance to holders of shares in the cotton carrying railroads. The proceeding in the outside market also offered a strong contrast to the somnolence on the floor of the stock exchange. Crowds of curb brokers are kept busy handling orders for mining shares of all descriptions.
 Copper and gold mines are the favorites but the most eager dealers in the shares are alleged to be uniformed as to the product of their property. Within a few days past the speculation in mines in the outside market has taken on the propor- tions of a craze Union Pacifcs strength was connected with reports of the very favorable character of the forthcoming annual report. The renewed weakness of Russian securities abroad and disquieting rumors of the condition of Russian finances were thought to have some bear ing on the restaint apparent In the stock market.
 The market closed buoyant under the influence of the late outburst of animal tion.
 Bonds were firm. Total sales, par value, f2,660000. United States new As declined sh per cent on call.
 Money on Call.