The Montgomery advertiser., 1906-10-17
THE STOCK MARKET
OPERATORS IN STOCKS WERE VERY
 APATHETIC.
Salnller Class sf Room TradeRa Mad Mar ket Almost to Themselves But Could Make Little
 lmDresefOn.

New York Oct 1s.-Operators in stocks today were apathetc and listless. The small Ter Ter class of room traders .n had the I,a market erations did not give enough motive power for any aprpeciabie swing to prices The fact reacted again on sentiment to disconr- age the traders owing to the small profits on scalping operations
 Complaints of the irksomeness of the stock transfer tax. which has been signifi- cantIy lacking during the period of wide price movements and correspondins specu- lative profits were revived. The public showed no interest in the market and the absence of any large orders. such as indi- cate the activity of powerful financial lead ership in the market confirmed A convic- ton wn,cn is srow'ns bs m to public interest have been abandoned for the present. Some of the large commission houses under heavy running expenses com plain of entire absence Of orders to ex- ecute today.
 The sluggish movement and the dull trading in Anna algamated Copper were re- Earded as typical of the whole market. It Is rare to see such neglect of this favorte medium of speculation on the eve of div idend meeting The directors are sched- uled to meet next Thursday to decide the amount of the next quarterly disbursement. Assertions are very confident of the inten- dividend basis. but every attempt to ad- vance the stock brings out free offerings. Even with the doubt thus suggested of the dividend action. it is unusual for the stock to be qu1escent as at present. Recent pres sure against Union Pacific. although unex- plained by any news Is regarded as equally significant of the disinclination of financial interests which control the market at times to lead a speculative movement
 Current gossip designates the period of election uncertainty to the probable du- ration of the quietness of the market:
 The London market was about steady but the Bank of England gave another o,o0o in gold for Egypt and sterling exchange at Berlin continued to decline. In Paris, however, there was some recovery In the sterling exchange rate The swift decline in the local sterling exchange movement was arrested short of the return to the golo import point It was reported however, that a shipments of 100000 in gold had started from Australia to San Francisco, The movement of gold to Canada prompted by the furry in the Toronto banking situ- ation was not continued beyond the $3.0oo.- 900 said to have been shipped yesterday although 1t is suggested that gold certifi- cates by mail may have been shipped to that destination. The local market was not disturbed, but the downward course of interest rates seemed to come to an end.
 The Influence of the reported high pres sure of the railroad companies on the raul road equipment companies to fill orders was confined to pressed steel car In the days stock market. Union Pacific and Amalsamated Copper finally achieved g gain of a point or more. but the number of stocks of first importance that moved that much was very small. Bonds were regular. %4f