The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-11-18


Paul, itself was assigned by these rumors
to be Joined to the Hartman group of
Pacific, and important subscription rights
to the new issue of $75,000,000 each of
common and preferred stock were also as
sumed. In the case of the Hill group con-
lecture busted itself with the manner in
which benefits of the ore land contract
would be distributed to stockholders in
some negotiable form, and there was
added an assertion that the Burlington
was to be taken over to entire control
by the Great Northern with important
benefit to the Northern Pacific for re-
linquishment. Rock Island also became
the subject of rumors of extended rela-
tons The factors in the Reading move
ment were less clearly defined, but were
vaguely assigned as related to the work
ing of Hartman plans growing out of the
Union Pacifc's acquisition of the Balti-
more and Ohio stock with the additional
control OF Reading thus carried. 1t re-
quires only a superficial survey or the
weeks movement in the market to show
that stocks within the sphere of influences
thus outlined make up the, bulk of the
weeks operations The general market
has moved narrowly. Commission houses
continue TO complain that general interest
in the market Is lacking or continues to
be diverted almost entirely to other fields.
and especially to real estate speculation
and the craze for mining stocks of all
grades While the ammunition for the re-
vival OF stocks consists of these materials,
with the convenient element OF indefinite
ness and mystery in large proportion, the
real cause is clearly the easier tons
which has developed In the money market.
The relaxation has affected all the great
money centers, and mas thus kept New
York free from outside pressure, whlcn
would have been inevitable with lower IN
terest rates here, While the tension ABROAD
continued. The complexion OF STOCK
market settlement IN Lohdoh was alleeteu
with less pressure TOT the retireIilehs OIL
American holdings ana American por-
roWlnss' imam leareu'
Inc weekly statement OIL ,ne paiih .,
England also snoweo Tue FESTIVE i,s.oie GU
10 traullloHdi hiiiI VI. sdie.S anu PioS
poets ol doailioial iepiohi9iiiiieh' W.
CONSIDERED soou enough " Sause SUI
sidence Oh lears tnat olleiai Iate "ouio
nave 10 De advanced peloie the Gnu VI
the year Inc rehel III iohooh was paie
~ caused oy the reiiitlance VI eapiton
from faris, "nien was iePoa 'eu 10 20 on
account OF an INSTRUMENT Vi supsei iPtioh
to the PennsylVania ioan' Which was
issued In Paris. inns triangular operation
reduced Lohaon Claims On New ioIN Luz
maturing Indebtedness anu iieipeu " re
neVe the tension mere me rise IN New
YORK exchange at INFERIOR poih's was
partly que TO TINS movement " 'ne hlsn-
er interest market. But there was per
ceptipie decnhe as wen III lhe ueiiiahu ioI
currency from the lh.efio. loi niovins
the heisests, Ing ieiaA"lioi II, AiioneS
rates mas eAtehueu ~ lhe .iii,e ioaii ue-
par'nleh.' ai'housn ~ nue., ie's 80
tnan lor Jay 10 uay ioans' ine eoill,nenl
Oh tne s'oeh nlarhe' mas oeeii iiahh vi
tie influence u ISSUING "a cans iUi
port oi coiiullioh' po'h ny ene oIiiteu
STATES ooi,,p',o'ei VI CURRENCY anu W
tiie ne" ioin SUI eieaeuis VI plnhihs
vi tne ,io,e iipe,a' spiill ,o""lus Do
ioweis aispiageu ny 'ie pflnns anu 'ius'
COMPANIES maj 10 Imply INA. ar
ransehieh.s ihaue 10 ioI'iiy 'ne sno"ihs
10 pe iiiaue III lesponse 70 .hese caIis ale
peing aitereo 10 the peheiit OIL porrowers
ana TO the iesseheu strehslh Oh the re-
serve peroensase y, .neee insei'u.iohs.
Attention Is iorceo 70 the CROWN Oh OUT