The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1906-09-27
THE STOCK MARKET


New York, Sept. 2s.-Price move
ments were divided by considerable
market and for the most Of the day
. the current was sluggish and listless.
with disposition to cling about last
nights level. when there was any show
or mobility movements were exceed
ingIy Facilitating and uncertain, the
level Of prices showing the same ten
deney TO return to last nights level.
At one time during the day there
through the list but from that level
prices plunged to general decline
Il was difficult to trace the factors in
OF doubt and of waiting for eniight-
eminent was perceptible in the neigh
borhood of the stock exchange. A large
amount Of attention was given to the
political party conventions at Buffalo
and Saratoga and traders In stocks
were likely to be Influences In their
operations by their. Interpretation of
growth of "socialistic tendencies" to-
wards csrital.
There was some further special pres
sure against the New York public
fare of these corporations Is especial
~ concerned in the future as 1t is be-
ing shaped by the political campaign
per cent also proved a discouraged
ment to speculation sentiment as u
was supposed that 1t marked the be-
ginning of the pinch of the pfepafa,
fear was disproved by the later de-
velopments, the call loan rate falling
back before the active money lending
for the day was concluded. Not only
was the call money market undisturb-
ed but appreciabiy easier tone pre-
vailed for time loans and additional
supplies were offered in thft market
There has been some money. withheld
for a rise in the rate 20 designated
1t is believed that the failure Of
call loan rates to advance has prorlpt-
, ed placing some money thus he'd in
the time loan market. Yesterday was
the. last day for payment of sub
scriptions to the contemplated issue o.
st. Paul stock. calling for about $12,-
100000 and the completioni of arrange
ments for the payment NAV nave reais
lied some money An announcement OF
900 gold for import also helped the
money market as II was feared that
the dwindling proportions of the move
nient lately had reached the vanish
The foreign exchange market eased
off to some extent today and, discount
rates were lower. in the open market
in London. This leaves the open mar
ket rate above the official rate of the
bank. but there is less expectation hat
the bank will advance It's official rate
po New YopR fbe espee
| tally by the indirect method of pay
! merit of revenue duties
at interior points by drafts on New
York. This helps TO account for the
large gains by the sup-treasury from
| the local banks which amounts to ST.
| I'll 900 since the last bank statement.
| Included in this is upwards of $4,000, :
| 900 in return of government deposits
| against gold engaged for import for
which the banks are reimbursed by re-
ceipt of the foreign gold. The course
| ne nxfa In Cl1ha had SnArH in I'M
settlement of the market from time to
| time.
The markets uncertain fluctuations
continued up to the last. prices rising
| to the best Of TN eday in the final hour
and then running Off again with an
easy losing.
Bonds wore irregular: total sales par
value. sI,g20.000. United States bonds
were Unchanged on call.
NEW YORK CLOSING STOCK LIST.