The Montgomery advertiser., 1906-10-16
THE STOCK MARKET
STOCK MARKET WAS VERY DULL
 AFFAIR.
Selling was Most Notable in Union Pacific and Reading. But Its Motive
 Was Not Clearly
 Understood.

New York. Oct 15-Today's stock mar kct was but dull affair. Thers s,,n, %as the first hour. hut after that the trading became almost stagnant and the sluggish movement of prices was un!mportaht our
 The selling was most notable in Union Pacific and Reading and its source and mo, tive was not clearly understood, Revvea .ra assertions that Government measures were In contemplation tc contest some or the holding of Union Pacific lands taken over frsm the fer bs ao%sn eve sens was attributed to the Western party in the speculation who has been credited with most of the large operations in the market TOT some time, whether on the long or short side. The profound dullness. which over took the trading when these operations far to make up the whole market The public attitude towards the market is one of entire neglect The action Of the 1;e.nn;a, mar ket suggested also that the large financiai interests, which have been credited with the intention to keep the market alive de held as to the motive for this attitude. Pc litical certainty is a favorite explanation with the professional stock operator. The of the money market and protecting 1t from the extra strain of an active stock market is very generally admitted to have force. Conditions in the money market were little changed. The upward course in sterling exchange. however. which was so marked feature of last weeks events
 
 siderable reaction. Sterling also fell at Paris and Berlin. The point of relaxation not in London. for discounts rose again there.
 The Bank of England secured all the gold arriving in the market at a reduction from the previous prices. but the amount thus acquired which reached only $l,s4o,- 900 was offset by the withdrawal of anoth- CT s750. 900 from the Bank for shipment to Egypt This Is a slow rate or recuperation for the depicted reserve Item shown by last weeks statement of the Bank. It was reported that Berlin bankers were discuss ing measures of discrimination against ployed by the Bank of England before the advance in it's offical rates. Agricultural reports from this country showed falling off for September from the same month last year. the large decrease in cotton ex ports serving more than to overcome the increase in other products The continued rise in the price of cotton since is against an expansion in it's export.
 number of dividends were payable to- day and shipments were made of more than $2.O0O.o00 and s3.O00.0 900 to Toronto. said to he for the protection of the position of d recently merged bank. Money rates were notably firmer but last weeks reced ing tendency was not longer in evidence.
 Railroad traffic officials reported increas- damaging freight biockades when lake nav igation closes or in the event of any wealth CT obstruction to traffic Most of the car ly declines were made in the slow harden ing movement, but the close was slightly irregular
 Bonds were irresular Total sales par val ue $l,926.000 United States bonds un- changed on call.
 NEW YORK ClOslN1 STOCK LISf