The Montgomery advertiser., 1906-01-04
THE STOCK MARKET
INDIVIDUAL OPERATIONS ON A VERY
 LARGE SCALE.
Rumors that the Large Speculative Com- binations Were Realizing on the Advances and Paying off
 Loans on Call.

New York. Jan. 3.-The movement of the speculation today contested the end or ket with more persistence than was the case yesterday: but gave to weakness st the tst las,
 Ss on e.s hs r in e operation of forces working towards reaxa-
 tion But the evidence of discourasem@snt @ relief to the money market continued mani fest and there was considerable itregulari- The operations which advanced prices gave signs of reversion of activity into the dividual operations were on a very large scale; This was true we'll of the prof speculative sentiment was caused by the as sertion which was diligently circulated that
 were realizing on a large scale ard paying off loans on call with which they had been lplement to this procoss that ths stocks sold was being taken ever in large blocks by
 he of .n ths
 slight, Money went as Sish, as ao per s cent
 ed at that rate for a short time t showed little readiness to yield below the 25 per s cent, rate and Hurried to 50 per cent again The postponement of the operatien of nor stringency caused E. revival of rumors and reports of expected special measures of re- report of authority to the disbursing officer Isof the Panama Canal Commission to with | uFdW tb,OVO,UOU fr0Ct the New 1Ork sup | Treasury for deposit in the local hanks and trust companies.
 Other special develo pments, however. were | against the money market. The enormous proportions of the requirements of the Jan | uary settlements were indicated by the
 house today % Which rcse to ssss. thus
 eclipsing by over sss.ooo oco tho heaviest
 of the esarns Ronse Which were n en male
 May 10; 1901. the day following the panic | scriptions fell due yes terday fo" 25 percent. installment on the s30.o0o.000 New York. New' Haven and Hartford dehcnture bond | issue with privilese to subscribers to pay
 the subscription in full and save interest. | s1. .50O. 900 In gold was shrouded in some
 mystery and was supposed to be either for
 More sisnifieance % un Was % attaehel esn to ensaSe ments of gold for shipment to South Ameri-
 ca which were taken as establishing the con. | trol by the London market of supplies of
 iiquidation Of London obligations to, south
 which indicated the passing of the effect
 markets Reports of political tension be- tween Germany and France growing out of lieved to have some influence on the foreign l situation.
 | The sub-Treasury continued to draw funds
 from the market in spite of the beginning l of payment of the February government in
 tuition since the last bank statement rising l to s2.566. 900: Special reasons were ad-. | vanced Tor the strength in some individual stocks, but the movements were generally l attributed to the supporting measures of | powerful speculators largely committed to | the market. Reading and American Loco motive made high record prices and St. | Paul. Atchison, Union Pacific Louisville and | Nashville and Sugar showed varying de- | grees of strength. | Only one or two of these saved any rem nant of their gains in the selling movement | which overwhelmed the market in the final hour and made the closing weak and act 1 i've.
 Bonds were irregular. Total sales par I value s3470,000. United States 2e, coupon declined A and the old 4s coupon advanced | h per cent. on call.
 1 NEW YORK STOCK LIST.