The Montgomery advertiser., 1907-01-25
THE STOCK MARKET
ANoT1xER DULL AND NARROW MARKET
 TO-DAY.
Marked the Lapss cf speculative Operations Into the Haads Of the Strictly PrUfessionI Class of
 Trndefs,

New York Jxn. 24---Ancther dull and marrow market today marked the lapse or speculative operations into the hands of the strictly professional class of traders. the origin Of orders approach closer to the or- ders on the stock exchange as tns so'uns .a. decreases Most of tedays trading was believed te crisinate on the floor or sne
 Commission houses complain of entire lack of outside business and influential Financial pawers seem disposed to let the market lie faIiow so far ns any evidence vI tnsis activity can be discerned. Speculative ten. timent continues mixed as to the manner of issue for the market from the present uuii ness whether by 6 renewa, of the recent liquidation or by a recovery so Tar as tne immediate condition of the market is con cernde it was fres today from any percept- ible pressure Of iiauidation and Wnere any sings of weakness showed this was me same resisting power asserted as for several days past. There were fewer signs of such weak ness today than yesterday aae prices were held well above last snights level through ou. the larger port Of , sae sssso ,a sSs day yas terday from the early heaviness
 Although a slishtH. improved tone is in ferrable from this contrast the character Railroad notes in issues of varying sizes continue to come on the market and this continues to be recognised as evidence oI the difficulty tn the way of iiotaticn s Di Growing notice is attracted. however, to the avidity witah which these note issues are sought and the quickness with which otIer- Inss are sold showing that capital howssei. limited the supply may be- now Is neverthe. less procurabie at sufficient rate ol interest. In view of the profitable terms at which bankers are securing these note refrain from making easy the way Tor mar ket ana securities
 ConsiderabIe attention was given to the review of the Iron Age pointing to the kat and Increasing spirit of cencessior amongst sellers Of iron for, spot and eariy deliveries Even more inhpresslon seemed to be caused by this review In Berlin man here apparently on the assumption that decline of domestic consumption or iron and steel would be followed by invasion of for 'eign markets by our products. Money con dtfons continued to work easier. hates TOT time loans here yielded notably and were quoted practically for all periods per cont lower.
 The Bank of England and the Bank os France showed a further strenEtnening e position and discount rates at Beriin yield ed further during the day. The presence of the Secretary of the Treasury in Wal Stret. afforded opportunity for a denial oL rumors circulated yesterday that 1urtne, the return of government deposits to the treasury beyond February 1st to which y has been advanced already.
 This may have accounted for the easinS of pri6e late in the day, although the ma" ket was impjressibie to the profit taking op the days movement in the narrow dinner sions of the trading. Call money hardene~ perceptfhly, when the intended policy of tn" traas,,rv department became known. Nes changes were very small at the irregulS'
 Bonds were steady Total sales par vaius s2.1fis,0Oo United states bonds were un~ changed on call.
 NEW YORK CLOSING STOCK LIST.