The Montgomery advertiser., 1906-02-07
THE STOCK MARKET
oPERAT~Rs OF SMALL
 ER CLASS IN CONTROL.
Ing the Day, the Resu Being a Retraefng of Earlier
 Advnucea.

New York. Feb. s.--The stock market gave further convincing evidence today of its of the smaller class. It was evident that transactions originated for the most part elination was to close up transactions during the day. the. result being later retracing again feiI below the million ' mark thus @ nut. tins an end to series of l to I F milion saeE to t @ass m
 This is claimed as record period for the maintenance of such great activity. ex- ket of the spring of 1901. and also that of 1904. although the great record days of those any. time during the movement now cu' mir mating. The narrow dimensions of the mar it's bearings on larger conditions. The re- covery which set in durinr the latter part of yesterday was extended in the absence Of | oobstacies in the shape of renewed liquid ation. But the demand became more lsn- hesitating tone developed at the higher lew
 Such activity as there was was centereS 1 shown by these had notable sympathetit roads roads once % % more rose notably in the repeti- | tion of long familiar rumor of the disposal @ hs rIn es ss sSs peration. the common stock of tn" latter
 ssHsSS s sns seSs from Spos rs n p4de | in Great Northern preferred. It was also effected hy the conspicuous advance in
 
 rumors of absorption in the interest of Union l Pacific. widespread effect in the mar ket resulted from these particular move | feature and the sharp rebound was due to | some subsidence of the acute appreh sion | felt yesterday regarding general strike In the coal trade. seuument on this subject | today took on the form of uncertainty and uneasiness rather than the conviction felt yesterday. that the strike was Inevitable. 1 The decision to send representatives nf the | the officers and officials of the coal roads | on February 18th, was responsible for the modified feeling on the stock outlook. The severe winter weather being seasonable. was | expected to rectify the siackened demand in i mercantile lines and the action of the wheat | market failed to show any apprehensions oi | damaRe to the. wheat crop by the cold ! weather Some of the earnings reported by l railroads made very favorable showing l partly owing to the fact that the fourth | week of January this year has only one week of last year. Southern Railway re- ported an increase in gross earnings for the | period Of 31 per cent. Chicago Great West | ern 26 per cent Colorado and Southern 2l | per cent. for the month of January. Great Northern 23 per cent. and Illinois Central per cent.
 The regular dividend on Canadian Pacific l disappointed some speculative holders who sold the stock with consequent weakness The price of copper was lower. both In Lon don and here. but Amalgamated Copper
 market. The sub-treasury continued to talS' funds from the money market which wal firmer for time loans today. Foreign ex- change was also inclined to advance. Pricei r-ofit taking of the latter part of the day
 The closing tone was easy and the earlier advances were much impaired
 ue sS'as5'o ooo Tnited Stat states % bonds Ssf wer, ver all unchanged on call.
 |