The Montgomery advertiser., 1906-03-13
THE STOCK MARKET
PROFESSIONALS LEFT IN THE CON-
 TROL OF AFFAIRS.
Trading fs of a Mixed Complexion Fron, fhe OpeninR and Prices Soon Regin to show Lagging
 TeuAeney.

New York. March 12.-Today's stock market was left very largely lh lnS hands of professional opera1iLo.s p1ia iass hns those apparently of the smaller ciass of room traders who are satisfied to close up an operation on a prics mese- ment of a moderate fraction. The sat urday movement had served to discouf- age confidence in the capacity oI Lne market for further extended advance m spite of the appearance ol animatIou ad1er the middle or n1;nr l1SI ween erders in commercial houses were n mouefass amount with the opening or the week.
 Trading was of 2 mixed eompieai9,n @ ,n considerably higher level for Ameri- cans in London before trading began here. The threatening aspect taken on the labor controversy in the anthra- cite fiel< was given credit Tor the hesitating tone of the market. The to the proposition of the miners was so uncompromising that 1t seemed to oneF little room for further negotiations and the anticipation gained & force that a a comment on the outlook was confined largely to estimates of what the enect or the strike would be on stocKs NO side of the persistent sagging tendency
 This stock started the day in London IA higher than the New York clos ing of Saturday and opened her ca fraction lower than saturday The pressure which carried 1t off 3 s-f stock was without effective support at any time. The sympathetic effect of this movement on the general list of course was considerapie. Tns ans in London for shipment to New York fulfilled the speculative hopes of last week and had no influence in reviving the market The exact amount seeur- ed was not authorivately announced but was small at the outside. Prompt enect In marking up of the price Of gold in London a half penny an ounce and the rise of fraction in the dis count rate in Lodon marked the quick measures of protection by that market against further taking for New York
 With a further prospective require- ment for currency by the domestic in- terior. the money. prospect was con.. the evidence that the contraction of credits had ceased to force any iiaui- iation upon the stock market. New 25 cent discount early last week. The sub treasury starts the week with a banks and the monthly tide of pension payments Is now rising to it's maxi mum. The sub-treasury. however, was 8 creditor at the clearing house this morning. Reports or railroad gross earnings for the first week in March showed a. considerable shrinkage in the ratio of increase over last year as con- pared with the February average and there was. slightly perceptible note of conservatism in the weekly discussion by railroad traffic officials. The dis pute over Chicago and New York pas senger rates and the stormy weather in the middle west were subject to dis eussion as bearing on railroad earn ingE. Occasional advances during the day in stocks which were responsive to deal rumors did not affect the gem ing generally was near the lowest level of the day with slightly irregular
 Bonds were irregular. Total sales and 3s advanced 1-4 per cent on cali, the old As 1-2 and the new As 1-4 per cent on call.
 NEW YORK STOCK LIST.