The Montgomery advertiser., 1906-09-01
THE STOCK MARKET.
DANGER SIGNALS DOOMED UP ON
 STREET.
Call Money Opened At Eight Per Cent Speedily Advanced to Twelve,
 Throwing sessfon Into state Of Iuerffn

New York. Aug. 31.--Danger signals loomed large on the financial situation shortly after the opening of today's market. Call money opened at eight twelve. the highest price in several months. As a result the market soon fell into state of inertia such aa 1t had not shown for weeks before. An other Influence which made for lower prices was the speech of MT. Bryan. although Wall street professed to re- gard that as mere incident---an ex- cuse. and not reason for selling se- curities. Nevertheless 1t cannot be des nied that Mir. Bryan's attitude. offers small comfort to the so-called vested interests and the financial community in general, Efforts to advance prices by circulating reports of gold Imports were made at the opening, and while it is generally known that negotiaaons to that end are under way. no deti. mite developments were obtainable It that British gold and American eagles rose in the London market during the day. eagles smartly while an advance in gold prices was reported from other continental points. All this makes the chances for early imports less certain especially as slightly higher rates was quoted for demand sterling In this mar ket The stock market was without leader throughout the session but the trading element played for reaction and so far as any marked tendency was .discernible their tactics were fair iy successful except in thetcase Of Un- ion Pacific which held well. at a marked advance of the previous days close and some of the specialtles Tn this class was included Adams Express which on sale of one lot recorded nificance attaches to the rise in this stock, in view of the strength of Kin dred securities and the very recent increase in. the dividend of rival con- closer 'community of interests" Trad ing during the early session was sew eral hundred thousand shares below the average of recent days and in the late advance in call loans to twelve per cent and no more definite news as to gold engagements added to the general feeling of Encouragement. which re- forecasts of tomorrows bank state ment showing a loss by the bapks to l the sub-treasury of more than S5,00o.- 900. and the general movement extend increased the hesitating tone of the l market, although prices were then the | best of the day. Tie strength of Un-- ion Pacific on buying which emanated | houses was one of the pug zling features of the day. Southern | Pacific, Reading and Amalgamated | Copper shared In the rise but trans
  lively small amounts. Pullman palace | car was another one of the specialties | that exhibited unusual strength, selling | at 250, an advance of eight points from | the previous day. In the last hour the | market grew Increasingly dull and | spiritless, but became more animated | just before the end. when call money | once more advanced to the high figure | of the day and rumors of gold en- were revived, though details | were still lacking It was also an- nounced that the Bank of England had | ordered another advance in the price of | American eagles. The closing was | barely steady, active issues showing a | to rally. London's operations here were nominal; sales just about | purchases. The sub treasury $500,000 to San Francisco. |
 Bonds were steady. Total sales par value $1,400. 900. United States new is, coupon advanced i-2 per cent on call.
 NEW YORK CLOSING STOCK LIST.