The Montgomery advertiser., 1906-08-25
THE STOCK MARKET
A REPETITION OF PRE-
 VIOUS DAYS.
Fpesh Upward Movement in the Harrf- man Issues Again the Most Prom-
 inent Features--New High
 Record for Steel Common.

New York. Aug. 24.--In the stock market there was largely repetition of the previous days. Pretty much leaders ae % and d'GsT for the greater part of the day the same degree of irregularity prevailed. To round out the analogy, trading was in almost the same number of specialties, not especially prominent in the recent activity, such as National Lend and International the Pacifics-the Hartman issues, was
 again the most prominent feature. These stocks. together with United States steel common which early dis high record for the movement, the Hill issues. Amalgamated Copper. Atcb. ison, St. Paul and Reading comprised the bulk of the business.
 oyershadowed all else In tiefirsthou:
 Foars of furry In call loans which opened at five per cent seemeds to vanish in the early afternoon. when casts showing bank losses for the week approximating $s700.000 were .receiv- cd with apparent indifference. in spite surplus Those who had looked for some measure of financial relief from Washington must have had their hopes rudely dashed by the pronouncement of the secretary of the treasury that
 present conditions call for no govern ment assistance. The early boom in steel bore all the earmarks of yester- dav's open manipulation and was ac- eompanied hy rumor that a. large pool
 had been formed at one Of the wss-
 tern industrial centers to accumulate
 the stock. connection with this stock was again industriously circulated while yelled suggestions of a further distribution in Union Pacific was given as the n 1g- sue. This stock was used as the mar ket leader in the early afternoon rise. 1 buttrading son fell of to very moner-
 ate volume and the enort nor, aSonaenea to saeraan The market gathered fresh impetus in the last hour when call money feli l to 3 1-2 in spite Of the popular pelleI that the bank reserves on the known movements of money would show deficit tomorrow. 1 The bull element trotted out an old
 rumor about this time-the purchase of St Paul by Southern Pacific. St I Paul sold within a fraction Of its hlgn | nrice of the week and the buying to- day seemed frequently employea ps l the Hartman interests. Most or to- davis trading in this stock was be- tlieved to be for the account of be- lated interest. The sale of small block of American Express stock at the high est price of recent years was fea- I ture of the special group. The mar ket grew weak in the late trading with no marked tendency in either direction. Prices had yielded frac- tionaily, however, and the market be- came almost inert, when in the last fifteen minutes a new movement came | in the Hartman stocks which were ! traded in very heavily.
 1 Union Pacific went to 1s9. new high record, and Southern Pacific went to s2 3-s. a fraction below It's top price. Steel comon also made new high record for the movement at 47
 IA, and the remainder of the list im- | proved, though not in the same rela- | tive degree There was absolutely no news to account for the advance, other than expectations of gold imports and as previously stated, intimations of 1 further dividend disbursements in Un-
 ion Pacific.
 The closing was very active and
 strong American securities held well
 in London where the general markets
 seemed undisturbed over the probable changes in the cabinet. London was
 not a factor here, though that market probably participated in the late buy. ing of the Pacifics.
 | Time money was flrmer and in more
 limited supply. half per cent commits
 sion again going with most ninety day ana four month loans, while for over year accommodations the rate was
 equivalent to seven per cent.
 1 Bonds were irregular. Total sales
 par value, $2,165,000. United States
 bonds were all unchanged on call.
 NEW YORK CLOSING STOCK LIST.