The Montgomery advertiser., 1906-01-20
THE STOCK MARKET
INCREASE IN BREADTH AND VARIETY
 IS MARKED.
Less Congestion in the Leaders, But the Aggregate Dealings Fall snort of What Would be
 SuDDOSed.

New York. Jan, i9.--The market showsa more breadth and variety today than rss ss aggregate dealing feii short of what would be supposed from the constant aStNi.h a oa was less Congestion in the great market leaders than is the case on some oqeasioms of great speculative animation r,io .hich soto g make up the total of today's dealings are dealt in smaller lots and show less 1T inertra Ir than the great railroad and industrial cor porations of which the floating supply ne- cesstates enormous transactions petoTe ah impression is made on prices
 A number of the prominent standard stocks made conspicuous movements. now the the market market 'Ws was r ifted pretty uniformly. There were some laggards in the movement ana she xo,atne , upsnots a age movement, But the comprehensive advancing tenoency was eonspicuous Points Of streng,n asara to e9 the realizing in progress at other points, wnlch caused some irregularity in the price move. ,t.,o news to account for the action of the mar ket but it was broadly based on inc heaSy reason of the great accumulation of cash resources at New York now in progress. TnS aiSes prose that bank statement will disclose cash gam which will compare favorably xvi with sra1 iast tions alone have yielded to the banks up- wards of s700O, oe0, estimates the movement by express to and from the interior are more elastic but the statements furnished hy the banks themselves indicate that atter allowing for the shipment of $l.O00.OeO in gold to Mexico the movement 10 New IoIk on balance will bring the weeH gan m m cash up to anywhere from $s'ooo'opo to
 This estimate covers the operations up to Thursday night only and those for another day both in the sub-treasury operations ana on the express movement will figure In the weeks bank statement. The discount rate in London yielded a fraction today ana the further rise In the sterling exchange rate at continental points marked the furIner relaxation of the condition at London. This development seemed to relieve apprehension foreign sources. The moderate ftrmness in the foreign exchange market here strength ened this property. The most conspicuous feature in today's market was Reading, which responded violently to resumption of operations by the pool fin the stock which conducted its previous brilliant advance which was widely exceeded by todays spurt. T
 The jump in Anaconda accompanied by rumors of the practical cornering of the controlling interest. Amalgamated Copper made brisk recovery from the late drop yesterday which was alleged to be due to disappointment over the amount of the m crease in dividend rates The further de cline in the quotations for the metal on the copper exchange and the sharp drop in the London copper market did not affect the I recovery in Amalgamated Copper. The de mand became furiously active after the profit taking of the final hour and the clos ing tone was extremely buoyant at the top level
 Bonds were firm. Total sales par value. S6 100, coo. United States fours coupon, ad- vanced per cent. on call
 NEW Y0hN apssCA LHsT.