The Montgomery advertiser., 1906-03-09
THE STOCK MARKET
1HE CONFIDENCE IN VALUES GATHERS
 FORCE.
Ccmplete Absenee of Anything Like Pressure or IiaulIafior Cause of strenatii-- s Trading Stili Limited In
 Dimensions.

New York March s.--Coufidcnce in values gathered force in the stock exchange today by reason of the complete absence q any thirg lke pressure or llquinaIioh; Lne sh. early part Of the dsy with some sViashee .s.es of weakness in special stocks, ,urnsa strphs Ta trading was still limited In it's dlnensions and the extent of the movement was not wide but the speculative iscntiment 5shich prompted 1t was unmslaSablo in the direc- ten of increased confidence. urawpach t. the early deviiopment of this feeling vas the decided pressure aEain.t Reading. This stock was forced down at one time three points below last night, ieYel eo me se lpw sn from it's recent high ievel Tne moNemeht gave rise to apprehension of information not known to the public pointing to an unfav- orabic outcome of the negotiations in the anthracite trade for settlement of the ia., bor trouble. Feeling was not so eneerIul ,,.a strike lfi the bituminous trade
 Authoritative admissions Of the intention to issue more bonds of the United States Steel Corporation had an unfaNoraoie et- feet on It's securities Tne ne pmssihsb pmicbigan were given as cauce cf the intended new issue. There was some selling of Pennsyivania .ss also by that company The special message of the President on the proposed inyestisa,tion ,l trades g was used by the professional traders as an argument against the coal stocks and The reiaastion ,' in the money Situation was a principal factor in the recovery of the market Rates for time loanS were @ppi,, ciabIy easier today. The New York banks rec eived from the government sLsOh OVu oI the public funds bringing the total thus Tar received this week up to S2.4VVoVo or lhe Intended allotment of s3.000.0o0 to New Ycrk yesterdays remittance from l San Francisco through the sub-treasury was added gto by a small additional remittance today The tone oE the local money marke ct vas evidence that these factors were nay ing an effect on the available supply
 At the same time quite violent preah m the price of foreign exchange gave rise lo a discussion of a possible early import ot gold There was some recovery late Tn the day however. from the low level or the eN- change market, which was itself stali apove that offering a profit on an engagement or gold for import. i, The more cheerful poilt- ic al outlook abroad and the .mproved conui- tion shown today by the Bank of England and the Bank of France would increase the DC ssibilttos Of a surrender of gold on the demand of the New York market. Local banks were figuring on a possible engage- ment, but it was postponed 1T not prevent ed by the recovery of exchange.
 The strength of copper in London save some help to Amalgamated Copper hefe. The sharp decline in the wheat market was be neficial in It's influeLce on the grangers A strong closing was helped by the upward rush of five points in Atchison on the circulation of rumors that increases Tn the dividends was intended.
 Bonds were irregular. Total sales par value g., ,0S0 900. United States bonds were all unchanged on call.
 NEW YORK STOCK LIST.