The Montgomery advertiser., 1906-03-10
THE STOCK MARKET
SPECULATION TAKES ON A DEGREE OF
 ANIMATION.
Volume of Dealings Expands Again t9 over Million Ehares-Majority or suik- ing Movements Among
 the SDecialties.

New York. March s.-speculation in the etock market took on eonSueraSsiea consider ns asaiinss expanding again to over a million shares There were many striking movements put of specialtles and in stocks which have fig ured in the operation of pools and under past dealings An upward movement of moderate proportions however. was Iairiy comprehensive and exceptions to advances or as much as e point might be more conye- niently enumerated than the total Mst os gains Yesterdays vigorous advances anu the comparative freedom from ceiling pres sure as those advances occurred; eNosnly ms nao eonvanclng effeco ,ess,eDsI on operations made their appearance in today's market most aef;ye d;niy yc[s ot Concentrated the res try Into the market of many specuiatiVe pools which carried previous movements to a consummation and were supposed to have disposed Of the lines then ac~unlulated. The concentrated source of much of the buying in highly speculative, quarters would pc ac- cepted commonly as evidence of a rather nnsubstantiai character in the 1peratie@ns. @ sentiment today if was suspected that the execution of orders through these hanas might be designed to conceal more import-
 This suspicion although it was purely within the realm of surmse was s.ida a sci,o ing for the movement. There was mark ed revival of rumors which have lain dor ing the reactionary period Thus large attention was given again to the supposed
 
 The Hill roads were buoyant as In times past.
 The so-de1led lead merger project was brought forward again into attention. Buv- the purpose of control of the United States Steel Corporation. The long active pool eratlons on the long sde of the market thus removing the depressing influence Of that stock neT weaKaes' waTs renemed aiusions to the supposed import developments In pros pect in the affairs of the Amalgamated Cop per Company and in the copper industry.
 study of the distribution of the days largest dealings and of its wide advances this character played in the days opera tions The upward rush of five points in in the revival of speculative confidence. but the backwardness of that stock today under advance elsewhere Yesterdays rumors of a decision to increase the dividend rats an issue of over siT.ooO.oo0 of convertible bonds Is being offered in the market was commented upon as ground Tor adva,nssgIe and the United States Steel stocks were m clned to be heavy as those companies arg reported to be contemplating additional
 The continued decline of foreign exchange kept up the talk of possible engagements of gold for import, but no announcements were made. The brighter prospect for settle cassfui completion of a London stock. ex- change settlement were believed to fayor The weeks exports of fell 1.S27.e1S bushels below those of last week. thus In- dieating the sharp drop in the heavy exports since Germany's agreement to extend pres ent tariff arrangements beyond March lst. The placing of $3,000. 900 of government de posits with the banks has reduced their weeks loss to the sub-terasury to $e20.000, but the express movement to the interior apparently has been against New York for the week. so that a cash decrease nf considerably over $1, 600, 900 Is indicated.
 The weeks early liquidation in the stock market is expected to show large loan contraction in tomorrow's bank statement Profit taking made some impression on the days extreme gains. but the market rallied again and closed active and firm.
 United States 2's. and the old As advanced X per cent. on call.
 NEW YORK STOCK LIST.