The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1907-04-25
THE STOCK MARKET
|: sCANrY DEALINGS WE'RE HEAVILY
contested.


New York. April 24.--The scanty dealings
in stocks today were heavily consested in
two or three individuals and the idle drift
Of prices In the general list seemed to be
something more than the sympathetlc re-
ScS e the e r 81 sa tsen
wards. II was apparent that conditions
found reflection in the days dealings. be-
iasiSe Venture 81 the anite general nncsr
tainty felt in the financial world over the
future course of affairs. As an important
factor In determining this feature Is recog-
nixed to be the outcome Of the years crops.
the stock market shows some sensftfveness
to the shifting crop reports and especially
Day to day news is regarded as incon-
elusive In the determination of the final
success or failure Of the crop. but the adj
mitted existence of unfavorable conditions
and the late season OF the wheat crop adds
to the general feeling Of uncertainty over
the whole business future. The lack o. de-
the downward tendency OF the money rate
which has now become worldwide, deprives
the advocates Of higher prices OF one =. OF
about recovery in stocks. and q revival
Of demand for them and for bonds. The
ing in large part to the liquidation Of se-
curities which has taken place and the
question is open whether effective ease Of
were were to be replaced in stock holdings. On
the side of foreign markets especially the
question has features Of interest. II is
quite generally expected that the Bank OF
England and probably the Bank of France
will follow the Imperial Bank of Germa-
ny in reducing their official discount rates
over Europe Is pronounced. yet the market
for foreign exchanges in New York has con-
tinued conspicuously strong and rates have
advanced in way which gives rise to dis
cussion Of a probable outward movement Of
gold. The demand for remttances from
New York raises the question whether Eu-
rav,A hoo akt nP M " a.
alton of American securities for which pay
ment is being made through the medium OF
How far the railroad note issues suppos-
ed to have been placed abroad are affect
ed by this movement is a subject OF interest
ana In s nrarn ns on
the foreign stock market also was the sub
stance of the military estimates OF the
the remarks of the minister in pre-
senting them. For the most part, however,
the days dealings were confined to special
Very large individual transactions in
Union Pacific left opinion divided as to
whether operations intended to further ac-
emulation distribution were going on.
The gossip concerning the stock was of a
very favorable showing Of net earnings for
March soon to be forthcoming and Of ru-
mored new company to take over hoidinss
in subsidiary companies. with distribu-
ton of stocks in the holding companies TO
be made to Union Pacific stockholders In
plexion of the Presidents speech to be made
at the opening of the jamestown EXPOSE
ton was much discussed, But without any
great countenance for suggestions of posi-
BILE sensational character in the address the
break in Brooklyn Rapid Transit followed
the report Of the passage of bill In the
lower house at Albany to compel five cent
fares to Consy Island The weakness was
in sympathy with this movement.
Bonds were firm but dull Total sales
par value s1.S2s, 900. United States bonds
were unchanged on call.
NEW YORK CLOSING STOCK LIST.