The Montgomery advertiser., 1906-07-31
THE STOCK MARKET
SPECULATION MOVEMENTS EN-
 oOuNTERED SOME DIFFICULTIES.
Amount of Stock Was For Sale To Re- niize Profits, which Were Made Atfrncffve By Previous
 Week.

New York. July S0--Speculative movements In stocks encountered some elmculfies today in the amount of stock for sale to realize profits, which are maoe attractive by the considerable advances achieved last week. Monday morning Is a favorite occasion for prof It taking in bull movement owe
 ing to well grounded propensity
 to embark in new ventures with the
 opening of a week which brings lar
 ger instAilment Of new buying orders
 into the market at that time than at
 any ofhers Apparently the Incident
 for q time while professional opera.
 tors are busy with the market and wail
 bo awakened into action by the consid-
 eration of week enr summaries Tne
 accumulation Of buying orders over
 speculative holders to afford a market
 for absorbing profit taking sales. The
 manner In which these are absorbed is
 regarded at an important Index or the
 tone of the market The buying or
 ders on hand this morning from out
 side sources was not of imposing pro-
 portions. according to the complaints of
 commission houses. The suppiyirg pr
 stocks was done with care ana Lne
 fuI handling so that small impression
 was made upon prices. There were m |fluenfiaI advices in special stocks at tle same time which served most sustain
 ing effects on the general list: me
 renewed advance in Southern Pacific 70
 the highest point on the movement was a notable example. The disturbing ef- feet Of the evidence of profit taking was much aggravated by slump in consot- dated gas. when the oficlal announce- ion Gas management had determined to suspend the payment of dividends un- til further notice. The possible pad effects on securities of the measures s4-- "a a 1IF4A 0- tions has been much in the mind of market operators up to the recent rise 1 ir stocks. since which time 1t has peen reIe&ated to the background Ioday incidents served to bring II forcipay and the affiliated Brooklyn company are within the group of companies reEaru. ed aa being controlled by Standaro oll capital. speculative opinion was keen
 to read an indication of proposea poa- p uent in the action of the gas dividend | If is known that the fact Of the m | tended passing of the Brooklyn un- l ion gas didivend was known amongss | inc Stockholders last week. The Iaci
 sbst ifs influence on Consolidated Gas l shouid he belated until the middle oh I tosiay's ntock exchange session was con I sidered somewhat remarkable. Consideration of the ..sa sa.naaay sasn tn' I dav. The effect of the large loan ex-
 nsnnsion in contracting the surplus was not considered of good augury Tor tne s,s ssAy,ns of the coming demands on 1 she nonev market for moving the 1 crons. Continued assertion of an earis diviaend for Southern Pacific ana ny strong showing expected Of the unfsess | ctatas Steel quarterly statement or I s,sa earninrs to be published tomorrow | gvare elements of speculation in thess j s.cc&s ponas were irregular. Tota I safes par value st.945s0oo. u B zs l advanced 8-4. the s's coupon anu 1ns l old 4's i-4 per cent on can.
 1 NEW YORK STOCK LIST.