The Montgomery advertiser., 1906-06-05
THE STOCK MARKET
SOME INCREASE IN THE VOLUME
 OF DEALINGS.
Trnnsactions Better Distribated Than For Some Tfme--GeneraI Public Profoundly Indfnerent, But
 Prices Rule Higher.

New York. June 4.-There was some increase in the volume of dealings In today's stock market over last weeks daily average, the dealings were more distributed amongst different stocks al- SO. giving the market an appearance. CT greater breadth and variety. Prices ruiei higher taan at the close of last week. Yet thA movement 1d not serve
 to convince sentiment. which remained
 uncertain CT scepticaL
 Commission houses complained of an
 entire lack Of orders and profound indifference towards tEe market SO far
 as the general public was concerned.
 Operations were Ircnounced to be In
 greatest part of the activity to be con
 hneI within narrow limits in the pro- fessional field itself The activity of break away from some of the recent
 favorites and tc develcps new lines.
 The strength wEieh the market showed was at 10 time comprehensive.
 The early advance showed some con spicucus ahstentions amongst promi- nent market leaders. S.rne of these
 that would have rectified the irregu-
 larity of the market had It not been that realizing intsrv in the earlier strcng stocks and broko up the con of the grangers was fairly comprehen-
 sive and was fostsred by the confident
 feeling reported by railroad traffic ofhcia.s to exist amung business men
 in the grain regions as reflected in the
 movement of merchandise for future consumption In that region.
 The cotton carriers made a narrower ana less comprehensive movement. .Ae effect of the good comparison with last year shown by the government
 monthly report on cotton being modi- fled by the action of the cotton market Itself after the appearance of the re-
 port St. Paul continued to hold 4
 prominent position on the continued belief that subscriptions rights would accrue to stockholders as result of the plan TOT raising more capital. Amalgamated Copper weakened rather company's annual report but the char acter of the buying of the stock on
 the decline drcve the shorts in 1t to cover.
 Colorado Fuel made a further ad- vance accompanied by variety of Eos- sip alleging its intended absorption either by the United States Steel cor
 poration or by. the Republic, Steel com
 nation. Brooklyn Transit had q char aoteristic movement based on estimates of the profits of the Sunday traffic. Of
 movement became the feature of the market after season of heavfness
 In that stock, and proved a sustaining
 influence against the buying that de- veloped at other points.
 There was a decidedly easier tone in the time money market and extended over the end of the year, although rates for these periods were still relatively tirmer than for the earlier maturities. It was believed that the real gain .n
 cash by the banks last week was
 shown to only a small extent in the
 bank statement on Saturday. Further large transfers from San Francisco were received and mere are expected. At the same time the easier money all lowed foreign exchange rates. to hard
 en without inducement for large of- | ferings of bills in that market in spite of the closed foreign markets. The
 closing tone of the market. was irreg- | ular with only a part of the days strong stocks maintained at the top l level.
 Bonds were steady
 Total sales par value $2,5S5, 900. Uni- | ted States bonds were unchanged on | call.
 NEW YORK STOCK LIST.