The Montgomery advertiser., 1906-09-08
THE STOCK MARKET
PRICE MOVEMENTS REFLECTED A
 MIXED SENTIMENT.
The Most General show of Strength Came Early and Was in sympa-
 thy With Some Individual Interests.


 New York. Sept. 7.-Price movements of stocks today reflected mixed sen tlment Tn the speculation and one lia- pie 10 alterations during the day. The early in the day and this was largely m sympathy with the special strength oI individual stocks. Later in the day The decline was Attributed to the heavy cash losses which the banks were shown by the preliminary estimates of the weeks currency movement to have hdence of speculative operators of ob- tanning abundant means from the mon- ey market was caused by the strong national bank Repositories warning them against putting out governme deposits in their custody in loans at high rates of interest. The access to accounts of national banks and the control of their conduct exercised Dy the Treasury Department through the Camptroiler's office are believed to Of, Ter a medium through which the head of the Department will be able to en- force. his fnjunctions or to know whether they have been obse:ved, ac- Wall Street district and amongst bank CTS. that a general enforcement of the rule laid down by the Secretary would ploved in sustaining the speculation in stocks If clear. The possible results to follow from the differences thus sug- gested were not relished 6y holders or money and some speculative liqutda> tion was caused. The days sub-treas-. ury statement showed a small part of the earlier takings of that institution restored to the banks but the loss Tor the week on that account still stood al $4,434, ,0U0 while estimates by. the banks are of loss of cash to the interior on the direct express movement of rather more than the sub-treasury with.s drawals. A decline in cash reserves or low sS.00O.000 had restraining infiu- enee on speculation dependent on of large credit extensions Money on call on the other hand show ed some relaxation and did not get as high as yesterday and time loans were quoted easier. The days advices add. ed to the confidence that substantial replenishment of cash will be available day when the treasury aid to gold im- ports goes into effect. Estimates Of engagements in Lonoon point to an wards. Any addition to this supply by Paris engagements Is a matter of less assurance but is within the probabilt- order also, gold on the way from Aus tralia will entitle the consIgnees to government deposits until the period of arrival. Last week s1,500o00 was Francisco. An appr9aehing reauire- ment for cash which has not yet re- ceiyed public attention Is the necessity of the New York trust companies to increase their cash reserves from B per cent on deposits which became ob- ligatory on July l to per cent on de- posits on October 1. The additional amount called for on the present show ing of trust company deposits will be about $10,000,000. The Hill stocks were strong features today on contin- ued relief in the maturity of the ore land lease project. New York Central enjoyed an advantage from its good August earnings. Atchison and Read ing touched new high levels on the The break in Union Bag Paper was on the intended reduction of the dividend on preferred stock The running off in the call loan rate caused an Irregular rally late in the day, but 1t did not hold and the market closed easy and near the lowest. Bonds were steady; total sales par value, $1.- f34.000. United States bonds were un- on cali.
 NEW YORK CLOSING STOCK LIST.