The Montgomery advertiser., 1907-04-30
THE STOCK MARKET
truurxD OPERATIONS GAVE NO HINT
 fTr,k OF GROWTH.
l1ovemenk of Union RAcinc Was Only Ono
 Worfhy of Note. Strength in that .3 Stock Really Dominated 8s Market.

Kew York April 7s-The extremely iin- ieed opreations in the stock market to- day gave no hint of any growth of outsoe interest The movement of Union Pacific wos the only one worthy of note. Tne serength in that stock really dominated the whole market and gave 1t whatever vague
 There was no news to explain the ad- vance in Union Pacific. It was variously attributed to the formation of stock mar ket pool to speculate in the stock and to the expectation of some coming change m the affairs of the company that would re- The svmpathetic effect of the Union Pa- effic movement radiated through the mar ket with diminishing effect in stocks more r~motely connected with 1t, the gres.est effect being shown in the more intimate ly connected trans-continental group The sharp reaction in the wheat market gave come assistance to the advocates Of higner prices for stocks. The amount of unload inr of wheat induced by the news of show CTS in the Southwest serves to impress stock at speculative influence which has been at work in the recent wheat market and so Astracted from the force of recent crop
 e5tbervise the day was unusually barren Of incident and offered small help towards securities market in check. The price Of copper made another advance in Lonoon to- day and gave some impetus to copper se- curities. Reports from railroad traffic of ffciaIs were on continuance of favorable condiftons, but in a less sanguine tone than recentiy The car situation is reported eas3sr. Although this Is attributed to an increased supply of new cars rather than 0 any falling off in traffic offering Ad- rnlne1ous are made however. Of some indfs- position on the part of the manufacturers 10 cut down plans for extension of work and on the part of bankers to discourage larger outiAys 1t this time.
 This is accepted as showing some exten- uion of the feeling which has prompted cur tailment of railroad plans to other fieds or
 industry. The keen competition Tn the london market for the newly arrived gold lwas ioked on with interest. The sharp 6tddtnr which advanced the price of the wo1d half per cent the small proportion secured by the Paris bidders. the continued fan in the sterling exchange rate at Paris and the firmness of the sterling exchange thax gold might be shipped from New York 4o Paris.
 The local money market was not affect- ca by the developments and remained easy with very sluggish demand for funds for stocI market purposes. There was unusual 1y 1anguid interest in the immediate divf- 'dend meeting of United State Steel direct or9 which is to occur tomorrow This was IarweIy due to the decline of any expecta- tion of change in the dividend rate to be declared.
 The statistics of earnings for the quarter and of orders on hand are awaited with much interest in stock market circles. There was feeling of satisfaction at the tranquil outlook reported in the labor outlook on the Bonds were steady. Total sales par value e1,s54, 900. United States bonds were un- bchenged on call