The Montgomery advertiser., 1906-06-26
THE STOCK MARKET
EvIDENCE OF EFFORT FOR BE-
 NEVOLENT CONTROL.
This Has the Effect of Putting Re- sfraint on the Pressure to Sell Which Was Prouounced
 Last week.

New York. June 25.-The stock mar. ket gave evidence today for time of some efforts at benevolent control This the the pressure sure to h sell which was so pronouncmed last week. The tone. nevertheless, was one of dull depres- sion and there was ssa nS at5emRs tt rees so The principal influence m the market Tn It's effect on sentiment was the evi- dence of support for stocks which are market operations by capitalists in the so-called Standard oil group. Move ments Tn the general market respond stocks thus regarded by the common speculative opinion of professional tra- ders- Union Pacific and Southern Pacific are conspicuous examples. The notable weakness of the stock on Saturday aroused fears In the ranks of habit cd weakness in the stock market was to be the reflection of the administfa- ton plan for prosecution of the Stan dard oil Company which was formally announced at Washington last week.
 Today Southern Pacific and St. Paul showed evidence of aggressive sup port advanced. at one time point or ted again asd again to above bar where 1t closed on Saturday.
 This had the effect of creating an impression that, the Standard OH group of capitalists intended to ofrer support to the market against the de- pressing influence of the hostile fnten- ton of the administration. The period teal with that of the greatest resist ing power in he general market and the whole list went off to the lowest of the day when analgamaeed copper signs of an abandonment of support.
 The comparative firmness of United States steel and of Pennsylvania were of sympathetio benefit to the rest Of the market. While sentiment was af- fected by these speculative consfdera- lions there was no change in actual ly reports of the railroad traffic off, cials reports some contractions in the shipments. Saturdays rumors or pro posed steel conbtnations to rival the some elaboration, but stiffened tenden- cy in the foundry iron market was of more influence
 The commodity markets are stfII unsettled by varying reports of crop damage. The approaching adjourn ment of Congress was cited as promis- Ing relief from some of the factors of oppression in the stock market. later borough. Metropolitan, mWe another downward plunge on account Of the call made on members of the syndicate cent. of their subscriptions Interest rates for time loans continued to ad- vance and for the six months period bills were raised from five to five and eight months 5 9-4 cents, the asking rate with La cents strongly bid. For Sign exchange continued to decline in compliance with the demand for mon ey but. the London market adopted protective measures by advancing the selling price of gold to that market.
 The discount rate in Berlin was a1- so higher. The weakness of the cop per metal market in London was be- iieved to have some special effect on amalgamated copper. The break in amalgamated copper proved finally eff fectlve in weakening the whole mar ket and the last prices were near the lowest of the day and showed general declines for most of the active leaders of one to two points and in a few cas- es more
 Bonds were heavy Total sales par value, $1,165,0e0. United States bonds were all unchanged on call.
 NEW YORK STOCK LIST.