The Montgomery advertiser., 1907-06-25
THE STOCK MARKET
THE FOREIGN SITUATION" ONLY M-
 PORTANT FACTOR.
Gold to the Amount of s165.0 was Engag- cd for shipment to Paris Making To- tai Outflow to That Center
 Over e21 OO0, 600.

New York; June 2l.-what has come to be more n or less vaguely known as The For eikn situation" was the only factor of tm- portance in today's market. Gold to the amount of y1s5,0oo was engaged for ship flow to that csDtsp on the present % or over s21.o00. 900, a sum well in excess of ai, original estimates, In all probability as Paris will announced in the course of the week as it is understood that the bank of Engiand will continue its offer of special vap,ts."
 There was little news bearing on condl-
 ',s that sSs London settlements. which begin tomorrow may be attended by soma strain on local seems to be feared at Berlin. cah;es from the German capital also expressed fear Of a crash in the steel and ifo1 Industry, this being traceable to the recent deprecta- ton in the shares of the great foapdry and furnace company of Berlin. Hamburg Frank fort and other industrial centres. Banking interests with Paris centers represented the situation in. wine producing provinces. as still critical To add to these various ad- verse influences abroad there was another sharp decline in copper metal fin the London market. On the local stock market there were freauent periods of utter stagnation and the only stock that showed even slight activity was Union Pacific, Reading and Amalgamated Copper These more than which manifested some slight activity in the final dealings end closed at t'.e best prices of the day.
 Participants in the late upward moys nent included Rock Island and the Hill Issues. At no time during the day was there any pressure to sell and throughout the tone was one of quiet strength The unprece- dented sum of s1s3, ,o0o. 900 is to be disburs- ed in Interest and dividend payments during the coming months. These payments are usually anticipated by investors who seek the active channels of investment. Thus far the demand has been largely limited to the various short term notes issued in the early part of the year, but it is expect ed that this vast amount of idle capital will soon find a partial outlet in bonds and stocks of the better class
 Local monetary conditions were without material change for loans but a further stiff fening of time accommodations was reach ed This tendency-ts likely to become more pronounced later in the Western Union es- pecially as there is general disposition to accent last Saturdays bank reservations. The days crop news was distinctly fayora- ble and railroad returns with scarcely an exception, report gains in clearings.
 Apparently there is no diminution in the activty of the domestic demand for iron. Pittsburg and other centers are working full capacity and prices show no weakness. Traf- fic managers of the western railroads are practically a unit in declaring that business is fully up to expectations but halt Is admitted by officials of the railroads ope- rating east of Chicago.
 Railroad bonds were irregular. Govern ment bonds were unchanged. Total raias par value $714,e0e.
 NEW YoRW CTOSING STOCK LIST,