The Montgomery advertiser., 1906-12-18
THE STOCK MARKET
LIQUIDATION CAUSED CONSIDERABLE
 FALL IN PRICES.
There Was Evidence of Relief From the Procees and a Tendency Toward Recovery was FFequently
 shown

New York Dec 1Z-~The stock market was subjected to considerable liquidation to- day and e fall in prices was the eonse- uuence There was evidence of relief from the process and a tepdeney towafas recoy- cry in the intervals of the active dealing, at 20 per cent. Various explanations were current of the weakness. which partly rep resented the conjecture of traders 10 ac- count for the fact that the seliins' wn'en
 Inc buoyant upshOot of st. Paul which was explained in the proposed stock n. crsases later not only failed s. % 0a sSti APARTMENTS owing to signs of urgent borrowing demand for the stock in the loan crowd wnien sus- eested the existence oi snsrs nsesss' as ons as time to be ioaning fiat In spite of the stht gnoney rate. The price ran up to within . shade of 200 and seiipsea the previous ,nes re- iSss 1858. p''ss 0' "
 Fears of corner in st, Paul had ta do with the first selling Inoyernsat 0t tos gay The action ek the meney market proved dis appointing at first. In spite Of the sasur- day bank statement still showing aenS- t, the hope was entertained thn& the tgsass siry relief measures and the receipts or checks for large dividend payments maas saturday would cause prompt rs,axssSn ... ser ser day Mhsn in .nS Snss sav wsns ths .sfecs wss c
 ing to speculative sentiment, Letter there was relaxation apparent in the call money market until the final furry to the nigness
  ed strong with very little offering. Dis, counts rose also in London and Berlin the strength of the naarket at the latter peinss arousing fears of coming Firs m the 9Stls ciaI discount rate Of the AmpeFtai bank o' Germany.
 The January settlements will call fer lai g. eP dtsbursenen than ever before and bank- CTS are inclined to proceed cautiously untii these payments are met. On January IS. also the jaw calls for the fipal tnstalimenI of 1 per cent to trust company reserves which will bring the cash holdings in tneli s.r own vaults up to 5 per cent. Of depostts The per cent addition would call for some sIO,O0O 900 and the precedent of the 1ormei fnstailrnents shows that the larger part oi the sum was withdrawn from the banks.
 The discussion of the ear shortase on tne railroads. especially th0se tn the west gave evidence of Increasing acrtmony, and atten- lion was attracted to the opinion attributed to members Of the interstate commerce commission that faults of operation oy tnt railroads were responsible ss much as ae- tual sh0rtage of equipment. Reports or the intended introduction of bill in congress t,, to proyide for the foreibis breaking ot freight ear blockades by government Inter ventioa had some depressing effect in th'
 steriinK exchange moved upwards witt a demand said to be due tc preparations toi year end remittances abroad
 Reading was especially weak because oi uuestionine Of recent predictions of an In, crease in the dividend rate at the neA meeting .. ,.o,,,.
 Bonds were heavy. Total sales par yalpt sI 6es. 0Oe. United States zs adFsneso a ger cent on call.
 ~.urvv vnRVx rE 0GHNa STOCK LIST,