The Montgomery advertiser., 1907-01-29
THE STOCK MARKET
DEcIxNr or sEoURiTIEs WAS REsoM-
 ED TO-DAY.
After q Period of Desultory Trading Daf'ns fhs Fa Iv Vouse of t.is stock Ex- ckanxe.--D -Disccunts Harden
 ed fin London

New York. Man; 2s.---The decline of seeu. rities was resrmsd in the etook n .i's ns today after period of de uitory axs during the early hours of the stocs
 change The indifferent demand Wh.ca snd came manifest at many rises in prieess aa the apprehension that additional ia.t s rs- remained to be effected. prornptsa SonsI newed selling of the market by professiona'
 There was evidence of Liquidation here and there to confirm them ,in tne!r I,, s. .n- the selling much was made by the seliefs thenselves of the report of tho inters. ,.e calnmerce commission embodying the rssuI1s nss of It's investigation of the cnnarsss'
 Company and transmitted to congress. 4
 The substance of the report va known to wan Street any more tnsn .hs similar report transmitted last week on sne eastern coal carrying roads but tne puo.'ea ton of the reports made an mpTess'oh on the financial sentiment ss cuniuia. sot,y. deEce of the scope of the soVeI eIhi--enr n, tr tties against corporation aeuses. .s .,r- fIuence was supplemented aiso py WY cyslation of rumors of further feeommenua tions to be expected from the Pre'lasns looking 10 an extension of the eoniA .,,,. inquiry into railroad properties. ,,r.,,,+ ns of frsuce in publie affairs which the pulsu4' " corpurations has attained is given larss .e sponsibiiIty in the opinion of the ina .s. world for the difficulty In firdins lhs.ns as5arrate raottal ts not fortbcomins the march of industrial progress must
 checked. mot.
 Ti.e extensive sale of temporary @ hote t.ss,ss rssortea to by the railroads at hign tut arass rates fs understood to pc TOT Iae compietion of works entered on WAC M"u's involve sacrifices in the abanoohthsnN
 the impression Is growing mat shtsap ,.' 1ss ss for increase of facilities oeyoho w ,ss rurtafled as far as possible while soch ta'ss naust be paid, for money to carry then, s,,s 1n The Abandonment or curtaiiment VI hs of Improvement on large sod'e WI" necessarily an important eiel- 's III eor ing employment of labor and oemaho '' roetsr,aia of construction whic mtst hNe determining influence tn tho turn ", t fndustrial tide towards reaction. 4. were minor incidents in the day ; eTehsS ~ ken this point of view prominent such as rSpporta that the course or the iron raarkst indicated that the cream was ptl e1's '. . and steel trade, or the recef1t or ltat t-ite ..0 of railroad net earnings for DrcsHl"eI SS" a.o ,ur uniform tendency towara' aeSi ease troyn lasf vear's level, owing to the iarse increase in operating expenses Su'te pos . .'Ne assertions were In circuiation tnat ee. s had been rendered aga,nst any incr' ase sa the dividend on United states S'eei '
 morrow,s meeting of directors. .
 Rates for time money advanced asaih " day Government fiscal oper uohs against the money market akaHl' ,os noa treasury having already dnsoreed S-'7e-'oy' on the new banking week. plscouAt ts I"t .- sn.a also in London in spite of tae large gains in rsah by the Bank of Engiaho,
 The completion of the stock market sets tlement this week sn London Is source el heavy money requirements ana oa sone r,Sr. istv regarding the market position in Amer icans The decline gathered force as " progressed and the closing tone wa" s weak and active. .. ,,.t
 Bonds were irregular. Total saIes pay va ue s1570,o00. United States eohos s10S@"N~ H per cent. on call.
 NEW YORK CLOSING STOCK LIST.