The Montgomery advertiser., 1906-02-06
THE STOCK MARKET
A STRIKING DECREASE IN THE RATE
 OF ACTIVITY.
Total Safes About Million Shares. which
 Was . Failing Off of About One-third .N From the Average of

New York Feb. 5.-The most shrinking feature of the market today was the decrease
 since the aggregate dealings r for a1 day "aS have
 fallen much below the million and half
 sbon million ns total Hs hs ss
 mess was done during the first hour The reason for falling off was clearly enough the
 completion Of necessftous selling so far as
 was immediately urgent and disinciination
 10 renew. any large buying There was q
 of the first hour which was natural enough in view of the unsettling effect of the break
 When the duiness of the market gave no- tice that selling pressure was subsiding there
 more ansuId as sbe sisRer xsa sRs of p1S prces
 was reached The outlook fer settlement
 was resardsd quite % Universally fly as Va discouras- %
 tng and speculative sentiment was inclined
 9 take p f9r gsaasss tsst strike you'd
 equally weak with the bituminous group re-
 fiecting the fears that the labor troubles.
 CTS would involve also the anthracite re
 gions. Some effect was made to counteract
 ing out that the mild winter has resulted
 in large accumulation of stocks which the trade from suspension of mining But l strike of the dimensions threatened conditions to be ignored in speculative situation which counts on an unclouded
 pTospsGt for sgstaHins priees at ,noIInsi evidently to proceed with caution.
 The failure of confirmation Of the many | rumors of important deals proves trying l to the speculative temper owing to very l large shares placed by such rumors In the | most aggressive advances of the recent past. | The prospects of the money market also are
 regarded as not calculated 10 foster an act | i've speculation The inauguration of an | outgo of gold is retarded but is generally
 expected to occur later and to reach consic- | today for shipment to South America is evil | dence of the control of a gold supply in this | market by foreign bankers. meantime the I credit reCntremants expanding the loan ! items of the banks and the influx of cash | from the interior Is likely to become less as l the season advances. Suostreasury opera | the supplies of the banks. Weather con-, l ditions came in for consideration, but were or rather mixed effect.
 Snow covering for the winter wheat crop l cold preceding the snow might inture the plant, Storm obstructiops would also tend to alter the ideal traffic conditions for expenses and resulted in the strong showings of net earnings now coming to hand. The Wabash and the Harrinian Pacifics made
 oOa to the fact that since the first of the year new bond Issues have reached the sum of nearly $10o. 900. 900 of which nearly s0.00o.- | 0o0 Is railroad issue.
 throw light on the course of the loan item of the banks. the Hill roads made ready
 headway against depression and the Harri-
 man Pacifics were helped by the December earnings and the report that Union Pacific had acquired control of Illinois Central. Tho recovery in the general list was at no time | The closing tone was easy. but was not much below the best point of the day. Bonds were heavy. Total sales par value
 $s,osoOoo.. United States bonds were all unchanged on call
 NEW YORK STOCK LIST.