The Montgomery advertiser., 1906-07-30
THE STOCK MARKET
MOVEMENT WAS RATHER sLUG-
 GIsH AND IRREGULAR.
The stocks Selected Were Mostly In the Class of Industrfals, Especial 1y Among Metal Enter
 prises and Coaiers.

New York, July 2s.-The movement was rather sluggish and irregular and the price level was held up by the me- diu moi some new advances at points stocks selected were mostly in the class of industrials, especially amongst the metal industries and coalers. The ssnta GRs hs ana rss tse trunk nes were comparatively duiescent but not under active pressure. Dealings con- tinued very large in U. s. Steel. and ton of 40, which had been promised for this week. by its speculative spon- sors. Amalgamated Copper and Smelt- ing and Lead stocks were strong and the volatile priced coaIers made char proved a disappointment and was fol- lowed by a pronounced reaction in prices. The cash item showed only about half the expected increase and dition by P loan Increase of nearly $f3.- TOO. 900. the surplus was slightly en- croached upon by the added require ment. The loan expansion was a re- stock market campaign for facilities. The changes in the money situation, however. are evidently net sufficient to affect the immediate ease of call money. There is an expectation ex- pressed also in speculative quarters that the surplus resources of the U. S. Treasury will be held in readiness to protect the money market rom any Support was forthcoming at the reac- tion after the bank statement and some stocks rallied vigorously to the best of the day; The ss closing tone hen1 was a- ir-
 The stock market this week has giv- en evidence of an awakening from it's indifference to the prosperous progress |r.( kf. al Va a g has been animated speculation in a small number of prominent securities, which. by their influence upon senti- ment. have caused a symgst,heuc I,a re. worked higher In consequenca The factors bearing most effectualfy on the renewed speculative activity. however. have had to do more largely with the new recognition of the conditions of prosperity in tn eeountry. The tm- precision is widespread amongst the operators in tke market tAat the "big ing stock with which they are closely
 The Foundation for this belief was primarily the coincidence of the appear. with the return from vacation trips abroad of various leaders ip the finan- cial world. the list including James Ssiiiman Sri,,.a ol tne Mationai gity dS1an 5ann'
 
 The brokerage houses which executed the conspicuous buying orders were those supposed to act habituaIly for the large moneyed interests thus rep resented.
 Money conditions have been easier and the low rates for call loans have proved an attraction for stock market operations. The relaxation in money conditions is normal to the period pre- ceding the accumulation in preparation for moving the crop and has been fos- tered also by the measures adopted the money market from bad effects from the Panama Canal bond Notation. The dissolution of the Russian Douma and the resulting settlement on foreign markets, put an abrupt end to the chance of securing gold in London for appointment seemed to be accepted with equanimity by the New York mar ket as was the death of Russell Sage.
 reflected to coming needs of the money move. The facilities for increase of bank note issues on the new Panama Canal bonds are advanced as safe- guard on the situation. In this con nection Is reported from Washington that applications for retirement of $s,000,00O quota not only for July but for August with a large proportion or the Septemt CT limit also bespoken.
 Bonds have been dull and heavy in spite of the more active stock market. U 8. 2s have advanced 1-4, the new As 1-2, the 3s coupon and the 3s reg istered 1-4 per cent on call for the week.
 NEW YORK STOCK LIST.