The Montgomery advertiser., 1907-03-12
THE STOCK MARKET
LONG rH.sIoD OF LIQUIDATION RUNS
 COURSE
Did Not Obscure the Fact That specnia-- five Sentiment Was Subsequently, Improved and That Gloom Was
 flispersed.

New York. March 11.--The action of the
 days stock market served 10 strensthen
 materially the impression that the iong pc
 This supposition was already forming T.
 self in the speculative attitude towards
 viouJ absorption going on at various points
 in the stock list, even while the most acute
 weakness was susceptible at 9ters ~ satur.
 over their uncovered position, and prices
 opened with quite an upward spurt The
 tua,ions during the day and closed dis
 tinctlv easy. This did not obscure the fact
 that speculative sentiment was vas soose, us,.s
 overhung the ~Narket last week was dis
 persed. The improvement of the market
 must be set down Tn larger part to a sup, ny
 large urgent demand for stocks. Tne
 decided dimtnution in the & volume sans or Haw ,ne
 ever, the demand was more than suffi- cient to overweight the greatl,, iessened and comprehensively upward No striking change in conditions was cited as the oc-
 cssion for the change int in the Tsent Of the declines already forced. It IS argued,
 go far towards a readjustment of prices ent industrial conditions. This convention is given additional force by the continued
 absence of any S,,,as sisn of raaes sas % The mer
 cantiie agencies report full ude or aes
 mand for all lines of merchandise, With F rfod The country's bank ciearings last week showed a material expansion over both the preceding week and the core l spending week of last year. Railroad traf- l fic officials continue to complain oI laek | of cars to move freight, which is offerins | still in unabated volume Authorities m l the steel trade insist that the demand for | all lines of finished products continues at 1 flood tide. The conditions serve to Keep m check the apprehension caused py the ayowed purpose of the railroads to re- 1 trench all possible outlays for improve | ments The tone of the call money market was perceptibly easter today. The large 1 tributed to a rectification of tho previous | week Some especial requirements Tor | stock and note subscriptions are to pc met l this week New Yorks bid Tor goto Tn I London today was again ineffective, except | to cause a fractional advance in the price which the Bank of England was obliged 70 | pay for gold. Sterling exchange at farls | was again strong, and it was reported i that part of the London supplv or goiu | was made up of American eagles, pre- | sufuably received from Paris Money anu discounts receded in London but ads | vanced in Berlin. Time money was strong | here, with loans at 6 per cent; for periods | m to six months The banks. however, are | making large payments to the suotreas- l ury for retirement of circulation IL IS re- | ported that the full $9 0e0oOo quota or the monthly retirement allowed unuef ehe | new law has been already applied Tor at | Washington for this month. The days ey. treme advances were materlaty .soute.t s.,t b profit taking of the final hour, out 1 subst autial net gains were left. The clos | ing tone. however. was easy.
 Bonds were irregular Total sales pc. | value s254O, 900. U S. bonds were un- l changed on call.