The Montgomery advertiser., 1906-11-20
E. F. Johnstone & Co. Cotton Buyers and Warehousemen
 Props Hurter waEshouue
 Cotton Bought Any Point in Alabama Storage and Consgnmen Solicited Lowest Insurance best facilities
THE STOCK MARKET
STARTS WEEK UNDER IMPULSE
 or IMPROVED TONE.
nssamter Apparent For st. Panl And Other StOcka--Upward Movement Ceases When Call Money
 Reaches Per Cent.

New York. Nov. 19.-The stock mar
 ket started the week under the fu!t
 devpsiOped pl lase sas wee fSe frs hours
 business was the. largest for that ln-
 terval of time of any that has been
 So1s sSE m9nt6S bs RbSt
 of professional operators to distribute
 stocks to meet new outside demand,
 and profit taking. made it's usual im- pression. but the breadth and strength
 of the new outside demand and the ef- fective absorption which resulted had
 very encouraging effect on senti-
 The speculative forces behind the market, therefore. came in with re- newed accumulation and resumed op- erations for tho advance. As the day progressed. however, there appeared to be some distaste for the feverisn sem timent in St. Paul, and the excesSlye buoyancy displayed by that stock. Oth-
 CT stocks which shared with St. Paups strength last week, were notably back ward in the movement.
 The new candidates for speculative favor were not as influential in their these prime favorites- Union Pacific
 strong stiS useaus and we're con S Stinuaiiy carried
 back by selling to realize, with South ern Pacific and Hlil stocks, United
 states steel. Amats amated CopPsr sr pressure that was almost uninterrupt- ed. While not sufficient to cause posi-, tive weakness in these stocks. until the general decline, when money went to per cent, this pressure was sufil~ cient to prevent them from sharing in
 the strength prevailing elsewhere in Perhaps as a result of the Increase in the Speculative demands, rates for call loans rose higher than on Friday over the adequacy of the augmented supplies in the money market to carry
 on a successful speculation. Nothing authentic was obtainable to account
 for the heavy accumulation of St.. Paul.
 Variety was given to last weeks rue
 mors on the subject by assigning 2
 Interests. interests Pil While " last % Weeks % rumors as
 were all agreed in a destination for the property in the Hartman combi-
 competitors tc secure the property thus l conveyed ser to jar upon susceptt-
 bilities to soaae extent.
 other Hpward movements zen, were win, Tro1,, abroad pointed to some clearing. Up of doubtful feeling over the money out look there as well as here, London dis count rates were allowed to sag to be- low the banks official rate and sterling exchange on the continent declined Here rates for foreign exchange were
 maintained, in spite of large purchases of stocks here for London account and free offerings of commercial bills in
 tho exchange market. Sub-treasury operations were in fav-
 or of the money market the banks having gained $1,1s5.0 .0O0 from the gov ernment institution since the bank statement was compiled. But the rise
 in call loans to nine per cent offset other considerations, and was respon-
 sible for the free selling which in the final hour carried many stocks to a
 level below Saturday. The market closed easy. Bonds were easy. Total
 sales par value, $1,SS0. .0000. United
 States 2s declined 's-s per cent on call CLOSING STOCK LIST.