The Montgomery advertiser., 1906-06-01
THE STOCK MARKET
DULL AND LIsTLEss TRADING rs
 CONTINUED.
interest Confined to the Movement of Few Special securities-Illfnois Central Conspicuous Fig
 ure fn the Advance.

New York, May S1.---The interest ir today's stock market was confined tc the movement of special stocks. The market as whole was unchanged From the dull and listless trading Of last week. Some of the movements Tn spe. cial stocks had nominal causes in the circulation of rumors regarding plans Of the company.
 yond the character of the buying. The identity of some of the large operators in the stocks newly active was the same as the active factor in some of the leading movements last week. This led to the assumption that the dealings were designed for sustaining. erect of the market during its period of dull ness; Such was the effect of today's special movements while they were oc- curing. The effect was very moder- ate even then and lost some of It's force afterwards when a dropping tone de- veloped. Illinois Central was quite . conspicuous figure In the advance and led to q general movement In the
 The action of the cotton market on crop news was help to this group. More effect was produced by an ini- among street capitalists influential in Illinois Central and that a contest for control is possibility. Also the re- port of the roads net earnings for April showed an expansion of nearly 67 per eOhc ONCA thoSc loi thO PiOSSoAhS April.
 Tn the realm of rumor also was the suggestion that an extensive combina- tion of Southern railroad interests Is in contemplation. The strength of St Paul was connected with suppositions regarding the plans for financing Its Pacific Coast extension. It was assert ed that buying of the stock was based been completed for securing adequate resources for completing that work.
 The jump in consolidated gas was caused by a court decision which de- feated a purpose to prevent the cont cent rate pending the conclusion of its suit to test the constitutionality of the law. Money market developments were of some importance but seemed to have slight effect on speculation.
 San Francisco again sent heavy re- mittances to New York, the days total reaching s3,4oo.00o. At the same time time, sSme Snn sl;oSo,o099 was s.nss. sent representims rep% haw the orN funds % attract attract ed here during the stringency due to the drain to San Francisco. Conditions in the foreign exchange market were greatly confused by the contradictory in- Treasury attitude in the policy of aid- ing of gold imports by Government de- posits.
 Finally the deposit of bonds for the WltndraWal or $l,50O,OO0 by the Na- tional City Bank was allowed on the ground that the arrangement for the gold to be imported antedated the de- cision to discontinue the practice for the present. This decision is explained as being due to the present sufficient supplies for the money market. doing away with the emergency condition which prompted the adoption of the practice in the first place.
 Money was freely offered on call, es- pecfai1y by the bankers concerned in the Pennsylvania note issue and the tone was easy In spite of the prepara- tions for the June payments and for the Chicago Northwestern stocks sub- scrfption payments tomorrow. Penn sylvania was heavy throughout and weakened sharply at one time with the circulation of rumor that the placing of bonds in Paris had fallen through.
 The denial of this rumor failed to rally tho stock and St. Paul reacted when the directors adjourned without any announcement of a project for financing its extension. The effect of these two incidents was to impair the advances and to make the closing tone easy.
 Bonds were irregular. Total sales, par value, $2,430,000. United States ald 4s advanced Is per cent. on call.
 NEW YORK STOCK LIST.