The Montgomery advertiser., 1906-10-23
THE STOCK MARKET
VIOLENT REBOUND IN PRICES or
 STOCKS.
Interval AltSr Masket Closed ea&ur9ay D etate of Decentralization Unttl fes- teeday's Opening Witnessed
 Cknneee of Moment.

New York. Oct. 22.-rhere was violent violent rebound in prices of stocks today ,,,s.s wn'c~ ns went far to wipe out the heavy declines ot
 The interval after the market closed on Saturday in . state of demoransauon unv,' , opments and save rise to rumors of others of still Greater importance. The cohsS- quence was revulsion in sentiment "Iun hcn stock. s who who Sad nsds desperate efforts to sell them It any price on Saturday Owine urdaS I @ wss in - the 1s nature of short contrac.. there was something more than sentimehs est in the easerness to secure stocks m tne
 in fact there was . considerable subsid- ence in the force of the demand. when tns Sssa' Sssa .Spss Ha ss; s at the stock exchange on Saturday. loans made on Friday carrying over until Mon been based more on the apprehension of the pressure than on any actual curtan. Eseiand. ses oa p.r o.n. discount rate in tn. worlds market was much less than vas feared In thi: market s;l heT 1aon.y y:mats aatsr to . per cent. and iater in the d.y to con. oss, siderably below that point. This could not have ben due to eny actual seplensnHTssni. nn Tri.
 Very confident hopes were ensendsred. sssssesa,.s that !s q .si: :.,ss was left mostly in the realm of conjeo- turs durins the day although there s,.s was The first of such measures to receive ct tention was the rumored agreement or tns Ssna Cs 'sncs so ts the Bank of
 There is great confidence that the bank gold holdings by that institutien is attrie- isss fS S A % ence in New York of the Secretary of the that treasury measures of relisf were to be forthcoming for the New York money mar. ket, 1t was the cornomn assumption thas the government which mature next year. would be anticipated with an offer whicn T'ns sew ss tss .s oa e the present prics of the bonds in the mar
 Further deposits of government tonds with the national banks waa also resaraed as a possible recourse. The assurance felt that one or the other asernnye hx tn tons of tSs money market and by the confidence with stocks sold last week. were rebought.
 however: and no loans were made below per cent, while for 60 to 90 days the ask
 ing rss Ss,s to ed small. Anxiety over the effect of recall of credits from the market by London seemed to be much alleviated.
 nance bills maturing in the immediate fu- ture in London have the privilege of renew to do with this sentiment The market was regarded as an ample dsmonstration of whcih have dominated the situation for some time past.
 The failure of . stock exchange member was practically without effect on the mar ket. The days extreme advances. 9h for Anaconda: ! for Great Northern pfd.. x for Reading and Northern Pacific; to 3h for Union Pacific, St Paul, Amaiasamated | Copper and smeitins: and 1 to s points in | many other active stocks serves to indicate I the important extent of the recovery from | last weeks severe losses. The market 1 closed strong with the gains well maintain
 Bonds were firm Total sales par value | $2. .164.O0o. United states bonds were un- | changed call. nHR YNRW 1nxaaIssA gr0CH IlaH