The Montgomery advertiser., 1906-01-23
THE STOCK MARKET
STRIKING EVIDENCE OF BREADTH AND
 STRENGTH.
Profit Taking Goes on, However. on a Very Large Scaie-Laree Professional
 Share Evident in the Dealings.

New York, Jan 22-The market gave striking evidence again today of breadth ous profit taking a very large scale. There was suggestion of the large profes- atic way in which the selling to realize proffts was conducted and In the solicitous ssHard ss,Y1r to the effect on prices from this s the sudden way in which strong stocks nov ga upwards. being galvanized by the passing or enormous orders through the market In individual blocks on a very large scale. The volume of transactions showed some shrink sections
 This was attributed in part to the inter West very large participation in the present market Is supposed to be due to tivity through cutting off of communica- tions with them was regarded as probable Tnsre was 1 also IhGEever some unesrtainty ohyicu$ o,sc % way i9 @ which heavy holdings of public demand. It was not untfl the more general advance of the latter part of the day that this feeling showed some signs of one or two stocks recurring frequently for some time past have given rise. to feel corner which might bring the advance in the l market to an abrupt end as was the case n snd Readns are the ee especially nointed to by coniectures of this kind When they fell back during tn, the l on the rest of the list.
 | The conservative views reported in the l directorates of some of the companies whose l stocks have been supposed to have pros l pect of early dividend increases served as | a curb to the violent speculation in some of | these. the American Locomotive stocks be- l ing a notable example. U. & Steel seems
 to be restrained by the uncertainty over the company's policy regarding early resump- tion of dividends. Union Pacific and Amal- gamated Copepr were the notable centres ot profit taking Southern Pacific taking UT
 the advance. st. Paul on the other hand continued an aggressive advance begun on Saturday and reports were in circulation that the plans for financing its Pacific coast extension would soon be announced Growing attention Is attracted by the sue ceeding announcements of new issues oi | capital and the comment is made that such | the future of the securities market.
 | Railroad officials were strikingly unani- nous in their report of easing of the cal situation all over the country. The change | markedly favorable weather for operatins than to any decline in the traffic The | movement of gold to Mexico was resumed i and a new explanation was suggested in tn, for account of Paris and designed to mee 1 the coinage requirements of the French | government for silver. Foreign .sxchans' ] today was stronger The sub-treasury con
 market and the rates continued easy. Int
 news of the coming redemption of $50. 000.- ! 900 of the Japanese loan is of future conse-
 quence to the money markets in which largi
 including New York. The renewal of heav!
 realizing in Union Pacific and Amalagamtet
 Copper and the five point spurt in ReadinJ
 helped unsettle the late market and thu
 closing was very irregular and feverish,
 Bonds were firm. Total sales par vau
 $5.370.060. U. S. bonds were all unchanged
 on call
 ! ve~