The Montgomery advertiser., 1906-03-27
THE STOCK MARKET
SHOW OF STRENGTH IS C0MPARA-
 TIvELY COMPREHENSIVE.
Opening of the week Brings Out No spiiIine Out of Stocks as Was
 the Cast Last
 Monday.

New York. March 26.--The appear ances of the market was good deal improved today. Early trading en- couragod no important realizing and the upward movement of prices spread here and there in the market until the show Of strength became Somparas i,s . lively comprehensive Bpyng was largely concentrated. still Tn few speculative favorites, notably Reading, which absorbed a large proportion or the total transactions for the day. Even with Reading and few other prime favorites included the expansion in the volume of the days aggregate dealings was not notable. With the favorites excluded the market remains put poor affair with very meagre transac- tions and q sluggish and unimportant movement of prices.
 The opening of the week brought no such spilIing out of liquidation as that with which last week opened. This in itself was regarded as favorable symptom of Improved speculative sem timent, since the survey of the course of events for the past week had not induced a feeling of Encouragement on the part of the holders sufficient to prompt them to throw over stocks. Free from the weight of any such offerings, the professional contingent was en- couraged to take the market in hand for an advance. The return to Wal Street Tn increasing number of notable figures in the stock market from va- cation trips is held to account in large part for the greater force manifest in the operations in stocks.
 These are commonly believed still to be confined strictly in professional hands. It is the general assumption that with tn eend of the present month the point of immediate danger oi strin- gency in the money market Will pass. There is a speculative sentiment which uses every means to stimulate the hope that the turn of that period will see decided relaxation in the money maf- a a raHfual of qnapulafirH inter- est in stocks With the market free today from any selling pressure, ana with no evidence of stringent condi- tions in the money market with the near approach of the April 1st period, the speculative element was emboldened to take steps il. the market to anti cipate the supposed demand Most of the movement reflected the operations of welI-defined parties to the specula- tion. The Reading movement naturally associated itself with the supposed strike outlook in the anthracite mining region. News of actual developments either in the anthracite or tn ebituni- inous dispute was vague and meagre, but the rumors alleged a ahn iavoraers raSrs and smelting stocks again moved up-
 The Hill stocks, accompanied by strength and there was movement in the Vanderbilt group, in which New York Central fully shared. Atchison mad the DenSnL OF the eXtfaOFulHdFy showing of net earnings for February, of which the rate of increase over the preceding February was no less than 132 per cent. Current reports of gross earnings of railroads, however, for the third week of the present month showed the unfavorable effect of the stormy weather. A sharp drop in foreign ,ex- change under offerings of bankers bills was a feature of the day, the pro- ceeds going into the local money mar ket. London discounts declined and heavy receipts of gold in that market from Berlin, supposed to be in transit from Russia and the price of the gold was marked up in London. New York exchange at Chicago rose to par from soc discount last week.
 The Imperial Bank of Germany show ed gain in cash for the week of $7,335, 900, with a nominal increase In loans, but an expansion in note circu- Iation in excess of the cash gain The sub-treasury starts the week with a gain of nearly a million dollars at the expense of the banks and that institu- tion had credit at the clearing house today of SS23.930. The influence of the Reading movement on the market was sustained and prices went to the best of the day in the last hour with the closing tone fairly firm.
 Bonds were irregular. Total sales, par value, $2,050,000. United States registered SIS advanced 1-4, and the As, coupon, 1-2 per cent on call
 NEW YORK STOCK LIsE