The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-03-10

acter in the operations. But in the
changed mood of the speculative senti-
ment today, it was suspected that the
execution of orders through these hands
might be designed to conceal more inn
portant operations. This suspicion al
though 1t was purely within the realm OF
surmise was an important influence IN
inducing an outside following for the
movement. There was a marked revival
of rumors which have laiH dormant as
active factors in the market during the
reactionary period. Thus large attention
was given again to the supposed revival
of the Great Northern ore deal, as II is
called.
The Hin roads were buoyant as in times
past. The so-called lead merger project
was brought forward again into attention.
Buying of Colorado fuel was alleged to be
for the purpose of control of the United
States Steel corporation. The long active
pool in Reading was said to have resumed
operations on the long side of the market,
thus removing the depressing influence of
that stocks weaknessA from the general
market. There were renewed illusions to
the supposed important developments in
prospect in the affairs of the Amalga-
mated Copper company, and in the cop
per industry. A study of the distribution
of the days largest dealings, and of its
widest advances, will reveal how large
a part influence of this character played
in the day S operations
The upward rush of 5 points in Atchi-
son late yesterday was a large factor
in the revival of speculative confidence,
but the backwardness of that stock to-
day under realizing. had no restraining eff
feet ON the advance elsewhere. Yester-
days rumors of a decision to increase the
dividend rate were without confirmation,
but the fact that an issue of over $1,000,
900 of convertible bonds is being offered
in the market was commented upon as a
ground for advantage from the activity
in the stock. Pennsylvania and the United
States Steel stocks were inclined to be
heavy, as those companies are reported
to be contemplating additional bond is
sues. The continued decline of foreign
exchange kept up the talk, of possible
engagements of gold for import, but no
announcements were made,~The brighter
prospect for a settlement of the Moroc-
can question, and the successful compile
ton of London stock exchange Settle
ment, were believed to favor the pros
pect of New Yofk's securing gold. The
week s exports of corn fell 1,327 61s bushels
below those of last week, thus indicating
the sharp drop in the heavy exports since
Germany's agreement to extend present
tariff arrangements beyond March 1.
The placing of S3,0OOO0O of government
deposits with the banks has reduced their
weeks loss to the sub-treasury to $500, 900,
but the express movement to the interior
apparently has been against New YORK
for the week, so that cash decrease
of considerably over $1,000, 900 is indicated.
The weeks early liquidation in the stock
market is expected to show large loan
contraction in tomorrow's bank statement
Profit-taking made SOME impression on
the days extreme gains, but the market
rallied again, and closed active and firm
Bonds were firm. Total sales, par value
81 725,000 United States IS and the old is
advanced 4 per cent on call.