The Montgomery advertiser., 1906-08-21
THE STOCK MARKET
UPWARD MOVEMENT OF STOCKS
 CONTINUES UNABATED.
General Tone Was GeueraIly Strong, Although Heavy Profit Tnking in Harrtmnu Interests Caused
 some Early Irregularities.

New York. Aug zo.--wIth trading in enormous volume. sales aggregatine z,soo.ooe shares last weeks upward movement in the stock market was resumed today Throughout the ses- sion the market was extremely active. the tape being from 5 to 10 minutes behind time In recording transactions. The tone was generally strong ai- ,,nough heavy piofit-taking n certain issues. notably the Harripan stocks, caused some irregularity, the greater part of the days operations being of a professional character in spite of at
 seImpts sInn to create contrary imprss5sd5 ,rssd character of trading was in itself suf- ficient to keep the public out ef the
 market. Interest rom tise outset teen, cen ern Pacific which led last weeks re- mnrkable movement. Both Of these Issues had .'wiier openings Southerr ord figure. There we're heavy Initial transaction in several other issues. including Amaiganated Copper. Com
 Ss,pn noqses F reported Sar sge of of town. The action of the Hartman di- rectors last week was still the princf- nal subject of discussion and comment thereon was. if anything, increasing ly bitter. With Atchison selling at the
 highest p-ice in its history. 1t was early rumored that the dividend on tttiD SlVtK WOuiQ SOOn Bc HUI Nels9tftss Later when Pennsylvania and Reading began to lead the market movement, rufnor dealt In the same way with
 onsa onem m Ws.e tn no o, nenn,e news ciear From the long chain of recent events that the interests which control the .desti- nies of the great railway and indus trial enterprises of the coutry. are su-
 premely confident as to conditions for some time to come. With the passing 1 days this Is heard as to the possibil- aA enqs. 4~a l tion with the movement of the crops. : However, money, both on time and call manifested a hardening tendency
 today. numerous over-year loans being | reported at 6 per cent. while call money loaned in considerable amounts at 1 per cent advanced to [ per cent before the close. Advices from Lon- 1 ent demand for gold by this market. A large consignment of the metal re- served at that center from South Ar | by Russian bankers There were the usual optimistic reports from the trai- hc managers of the leading railway
 systems. some or 1nem @ rorecast,nS nrfasa ly there seems to be notlsng In the history of American railroading to
 compare with the prevailing demand
 weather conditions were favorable to further improvement. important im- provements. indications pointing to
 oampeT oatn n ythes the iate session tRe move ment shifted to other issues, such as | the Hill stocks, St. Paul. Illinois Cen- | tral, sugar and Brooklyn Transit. The spurt in these Issues was probably de- signed to cover further realizing for | profits elsewhere and the swift pace | of the early day was maintained with but slight dimun.tion. The furry Tn call money just before the close pre- cfpitated some heavy selling. union l Pacific making a net loss and the bal ance ON the acti~e list selling from one to three points below the days I best figures Opinions as to London s | participation in this market differed. early reports telling of .prof1t-taking sales while later t was declared thar the days business showed purchases on balance. The strength of the cop per stocks here was doubtless refiec-
 ton in part of the higher prices quoted for the metal in London. In addition
 to the stocks named. new high records Chesapeake and Ohio. The sub-treas- ury at the close of business today re- ported payments aggregating S2S,0OO,- | 900 for account of the new Panama bonds. Many railway returns were made, chiefly for the month of July: Marked gains in gross were reported l by L. & N, Canadian Pacific, Southern | Pacific Soo and Grand Trunk. Sales of bonds for the day were in- keeping with the heavy business in stocks; amounting to $4.7A5,000 United States bonds were all unchanged on
 call
 NEW YORK CLOSING STOCK LIST.