The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1906-10-13
F. F. tombstone & Co.
Cotton Buyers and Warehousemen
Cotton Bought Any Point in Alabama
Storage and Cou.ienment Solicited Lowest insurance. best ac
THE STOCK MARKET
UNITED STATES STEEL STOCK CAUSED
FURRY.
Now York Exchange ut Chicago Receded
to rs Cents Discount, Showing Con-
tinued Pressure for Crop
Moving PuFposes.

New York. Oct. 1.-THE strong points in
sustained s as recently and there 't were few
of them. What the weight of the mar
ket consisted Of was not easy to distinguish
however: did not lessen its influence on
speculative sentiment. 1t was especially
imposing in Union Pacific and defeated at
tempts to lifht hat stock to a higher low
ell. AS the Hartman stocks have been
recognized leaders Of the market for some
time past the apparent determination Lot, to
when the price showed any disposition to
advance had a sinister effect.
the market was the continued difficulty OF
advancing the price Of United States steel.
The stock sold at soy today. thus dispos-
amounts were for sale at 50. The passing
of that barrier seemed to give no add add
disappointed a hope that a belated m"ve-
ment in that important stock was about to
take the leadership In the market Persist.
increases in prospect for Pennsylvania.
Amalgamated Copper and American Smelt-
ing were responsible for such strength as
was show by these stocks
The New York Public Utilities reflected
the views Of operators with political bent
and its bearing on these properties. AS CT
forts to lift prices in different stocks prov.
in the activity of the market and the
movement became sluggish and irregular.
Some influence was allowed to the money
outlook as a restraining inf uence on spec
uIation although mediate condition re-
mains one of ease and estimates OF the
weeks currency movement point to q
strong bank return tomorrow. The banks
appear to have gained between six and sew
en- million dollars during the week, put
the estimates show that the gain Is whoi.
~ due to government deposits OF fuhds anu
to receipts of foreign gold while the inte-
rior continues to draw New York by ex-
press the excess Of shipments over receipts
for the week being in the neishborhood
of S3.5O0,000
today to 20 cents discount, showing the
continuance of pressure New York Tor
crop moving purposes. There is no prooa
bility of a relaxation Of this pressure 1or
some time to come. 1t Is recognized. now
ever that the import movement OF soio
has been definitely ended by the rise III
the Sank of England discount rate Is
believed also that the deposit OF the >So,-
600, 900 offered by the treasury deparemenI
to the banks has about been compress,
thus ending relief from that source unless
ADDITIONAL measures are taken Much IN
terest attaches to the showing OF the ioun
item in tomorrow's bank statement TOT the
light 1t will throw on how FAR tne pa!ink
off of foreign obligations this week mas III
volyed recourse to new borrowing mere
The easing tendency Of money was SEN
sibly checked today but there was no ac
tuaI stiffening of rates The reactionars
tendency persisted as often as et1orts were
made to lift prices on the market.
bonds closed firm. Total sales par Vaiue
s22s2.Oo0 United States bonds were all
unchanged call
rew .,,lsR CxuslNN STOCK LIST.