The Montgomery advertiser., 1907-03-20
THE STOCK MARKET
WAS REaARDED AS NAT
 URAI. CONsEoUENCE.
Weakness and Uneasfness Much More Acute and Gave Kssc to Fears that Mar ket was Breaking From
 "A Control

New York, March 1s.---Today's nervous stock market was regarded as natural con week. but weakness and uneasiness were much more acute than expected and gave yise to fears at times that the market was ping back Into frenzied conditions. There are always some strongly held accounts which are held dsthrough a slump like that Of Hast week and protected in a spirit of assurance s4that they can Abs, cioeed out to better advantage by waiting for fhe fright enfa ss,ins of weshsr holders to s ss pas cd. neve-theless. to such an extent that they are subjected to pressure by brokers to carry them to be closed out at the first
 otnortunity. Such q reaction as that of yesterday following the reduction of the those held over bull accounts and the UT gency for closing them out
 The selling during the first hour today account of this kind was being forced to liquidation. without reEard to the aoi!ity of the market to absorb the heavy offer tngs. The identity of the assistance was not disclosed but rumors became very ex- piicit of threatened embarrassment.
 It was supposed that only the rendering of assistance avoided a failure A good deal of anxiety was expressed also over the money situation abroad. It was sonewhas by the persistent abstention of New Yorb bankers from withdrawing gold from the foreign markets The seeningiy heavy sac rifices which are being made in the New
  tiles which the foreign exchange markets indicates a power to secure gave rise te the Vague fear that something worse thap the New York stock market condition ts feared if demands for gold ahouid be forc- ed on foreign markets.
 Cable reports were circulated in Wap Street today that the Bank of France was lending gold to the Bank Of England; that the English bank authorities had requested New York bankers to refrain from bidding for gold in the London market and that Berlin was Iiquidating securities in Londop
 At the same time money and discounts were easier in London Money on call here showed further relaxation and the advance to apremium on New York exchange at Chicago indicated the process of remit tances from that center to this.
 Foreign exchangc also was weak In spite of the reported troubles of foreign money markets. The easier tendency extended to which were quofabiy lower. The opera tions wit hthe sub-treasnry are yielding some gain to the banks The further liq- uidation in the stock market Is relief to the days uneasiness came from the tone of the intimations given ent by prominent capitalists in their new accessibility to newspaper reporters.
 vague form were interpreted as evidence of rancor amongst different groups of capital iSts. Insinuations that the stock market had been raide as a measure of reprisal ance against another, found aplace in some o6 the quoted utterances published in Wall Street news channels.
 The unsettled market continued through out and the closing was irregular although at substantial recoveries from the lowest levels
 Bonds were weak: total sales mar value s1,ss2,o 900 United States bonds were un-- changed on call.
 NEW YORK CLOSING STOCK LIsT.