The Montgomery advertiser., 1907-03-01
THE STOCK MARKET
..urpr WAS AnpUPT REVERSAL OF SENTIMENT.
sharp Recoverics Placed Prices VI1sss prsces ernIly on Level With the Best 1fie
 Touched In tts. Recovery

sharp Recovsries Plaeed Prices Qgits .,,.s Gen
 ernily on Level With the hest
 Nsv york Fsb. 2s.-There was an abrupt reversal of sentiment from that ot ,h.ye was m tuesday from that of Monday. Tooay sharp recoveries placed prices s,on. lui.e teueh- ed T in the ' recovery on Tuesday. The com plete uncertaintA 4 of the speculative ssn.i- ment s clearly defined ,n these srad nuri nriess.
 Today's recovery was as little accountea for by any news developments as a,s nass raj items of news that might have receiv- ed a discouraging interpretalon nored An important part would pc a,.om ~ ed naturally to the covering operations oi the hears in working a rally after so con siderable decline as has occurred, Tnsrs market sv and of Accumulation for important accounts which determined the bears m pus- ing to cover their shorts. sons iniiuenee nee Interstate Comnfarca Commission here m this city, But opinions in the Wall street threatened as a result of that hearing were not altered but rather were emphasized by the latter phases of the investigation.
 It is therefore believed to be imposslpie that the widespread publicity given to the hearing shall not awaken some disfrust ans ord,naTv SoIders % of fn serties with methods in use amongst the high financial powers revealed with the progress Of the inquirv'
  lie cannot be induced to buy stocks while these revelations are fresh In mind It Is feared also that chances of eniistinE Tor eign issues of American securities would be impaired by the distrust aroused by the re. suits of the investigation.
 Reports were published of widespreao strike threatened amohgst railroad employees in the West and Northwest but this seems to be ignored Importance was given the highly favorable reports from the iron and steel trade and the great confidence exs isessed by authorities in that trade of ths The head, of the United States Steel Corpc- ration affirmed that new orders vera in er- cess of those coming in at this time lare year, although showing some recession from the last gears average. This sustained condition in that trade is calculated to ao far in quieting apprehensions of cos- traction in general bushes owing to tn" great reliance placed the iron trade Ps an index of business conditions as a whole
 Money was ffrrner today both on call and on tin9. There was supposed to be sonns calling of loans going on in preparation for the March settlements which will be unv- suaIy large.
 The Bank of England's weekly retusp Indicated that t is still in control of LoS- don money markets and determined to hold the money rate as protection against fcr- eign demands. Discounts were easier t~ Berlin. The Bank of France return was weak one. but sterline a~chenxe at Pare rose. The profit taking in the final hour was well absorbed and the market closed strong and active
 BondB were irregular. Total sales par values k1.15l 900. United States f2s coupon declined M, while the s. registered advanc- ed E per cent on call.
 NEW YORK CLOSING STOCK LIST.