The Montgomery advertiser., 1906-07-26
THE STOCK MARKET
NUMBERS OF SHARES DIDN'T
 CHANGE GREATLY.
Market Broadened Out in Character And Gave Evidence of substantial strength, Copdittons Abroad
 Being Primarily RespOnsible.

New York, July 25--The number of snares dealt in at the stock exchange aid not expand greatly over the total ened out in character and gave evil dence of substantial strength Condi- lions abroad seemed to be primarily
 Opinion once more shifted as to the importance to be attached to the Rus sian situation at least in its infiu- ence on financial conditions. The threatening political outlook report disturb the feeling that the worst eff fects on money and stock markets had been met. There was marked cessa- fion of the pressure of liquidatton rom eenters peculiarly affected by Russias
 The London market also enjoyed q brick recovery incident ,o the final status of the fortnightly stock market settlement there. which seeD,Sd to find considerable short interest uncovered In affairs which have been sharply de- pressen by the period of selling Tor Paris accoynt indicating an easy money situation. Discounts also receded at Berlin, put moved up at London where the stock market settlement made an extra de- mand for money. But these foreign factors were rather of passive influ- ence in our own market and only serv. al to leave unrestrained the effect ok
 These influences were mostly con fined to the realm of conjecture and most of them could be defined by the formule. 'Tmportnat developments be- as to the nature of the developments showed much variety. even where then concerned single stocks. The recent return or the unexpected early return of influential capatilists. gave vitality A. Al. Fgss- rtrtt n hv a railroad stocks led the movement and the dealings in that group far over shadowcd in importance any other deal- ings in the market.
 The plan of financing the Pacific coast extension of the St Paul has been a subject of curious speculation Tor long time past and the announcement of the return from Europe of William pcrtant results for the road from this contact with European financiers. The supposed development concerning the Hartman Pacifics was even icore va dend on Southern Pacific to an absorp. tion of St. Paul by Union Pacific.
 Tn the same way the expected arr,vai in New York of James J. Hill ana 7. the Great Northern ore lands deal rumorg The identity of the comraia- sion houses which conducted the lar. gest transactions in these stocks lent ar appearance or ptouduiltty to tne conjecture that insiders in the proper ties were sharing In the market ,sI opera. r,,. cleus of the days entire movement which was largely sympathetic Tho ger erai market was much slower m moving upwards than these selected stocks but their leadership became ef fective as the day progressed and r was seen that no important ltquidat- ions was attracted by the advance.
 Money on call continued easy, but rates for time loans oyer the end of the year were maintained: The bet~ ter feeling in foreign market centers resulted in a decline ir sterling ex- change rates here. The demand expand ed at the last with the lack of pres sure manifest and the closing was active and strong at the top level and with the leaders up from two to three points.
 Bonds were irregular. Total sales. par value s1,275.000. United States rew 4s declined s-4 per cent on call.
 
 Nnvv v0TRu sTn-W TyaT