The Montgomery advertiser., 1906-08-28
THE STOCK MARKET
SOME NEW HIGH RECORDS WE'RE
 REGIsTERED.
Course of Market Was for Most Part Irregular and Dull, Refiect-
 ing for Profit Taking
 on Harrimnns.

New York. Aug. 27.-New high rec ords were registered by St. Paul and Atchison in the course of today's stock market which was for the most part irregular and dull, refecting for the profit taking in the Hartman issues and other stocks whose recent ad- vances have been most meteorio Atch- ison's high-water mark was attribu- ted to the returns of that system for July, which show a net increase of $425,000 The lists tendency toward heaviness, however, reflected tho dis appointment shown at the failure of our bankers to secure share of South African gold landed in London. As a matter of fact all the days develop ments suggested an absence of any thing like an urgent demand for the metal from this quarter. There was little change in the foreign exchange situation. although the rate weakened some more later in the day and the only interesting feature regarding this phase was the announcement of an en- gagement of $750.000 Australian gold weeks. The days trading was below that of recent days and was again largely limited to the same stocks that made up the great bulk of slast weeks Southern Pacific, Atchison, St. Paul. Reading, United States Steel and Amalgamated Copper. To this very small list might be added sugar, which was pronounced feature of the early trading by reason of its sharp advance on relatively large transactions after a protracted period of inactivity. Su- gars dividend time is approaching and 1t Is not unlikely that today's move ment was an attempt to discount that material change, call loans opening at 1-2 per cent with an increasing de- mand for and a reduced supply of time accommodations. Nevertheless. con- " A n1-a . to feel more ct ease regarding the out look, basing their hopes on the belief that the banks of the West and South west are preparing to do much of their own crop financing; also that the government will continue, as occasion requires, to replenish the money sup ply at interior points Western ad- vices show that the outlook as regards the railroads continues very bright
 earnings as instanced in Atchison
 running we'll ahead of last year, grain tonnage showing an increase of 20 per cent with mercantile prospects espe- ciaily promising. All the Western roads are being taxed beyond their excess Of moving facilities Persistent selling of the active list began to show Tn the general decline of prices early In the afternoon. The features oi smelt1Se srsateSt "esknsss ssTUs were St. Paul
 Union Pacific. Northern Pacific and United States Steel, while a number oi speclalties registered marked reces- slons. The movement was accelerated oy selling from London, which report ca sharp declines in Russian securities
 The closing was weak at about the lowest prices of the day. Further Weakness was shown in foreign ex. changes which declined to s4S42o inst before the markets close, the lowest point Of the present movement. Note. worthy railway returns of the day be. sloes that of Atchison were Louisville x Nashville and Southern Pai1wa,,
 showing gross increases for July ot SooO.OOO and $62S.000. respectively arop of 1-2 in Cuban bonds reflected the troubled conditions of affairs in that country. Bonds were easv rn
 tal sales Bar value, $3.310, ,000. Unified states bonds were all unchanged on
 NEW YORK CLOSING STocR Tvsm