The Montgomery advertiser., 1907-08-07
THE STOCK MARKET


 New York. Aug. s.--The dealings fin stocks py noon today had passed the figure of the asgresate sales for the whole of yesterday. s.,,,s a Weak ana unsettled market and an active sshins movement furnished the explanation 2, @ tne increase in animation of dealings. tnere were various features in the days news news wnlch were not liked and which were given responsibility for the dlscourag- ca speculative sentiment. More direct in- terest was shown in the immediate vicinity os o tne stock exchange in the identity of giVe clue to the motives and to the standing and influence of the sales
 No definite success was achieved in the endeavor to solve this mystery which the active parties in the operations that attract ga curiosity would. of course, as use every device to conceal That there was no i'm nor'sn. iSiS . ouyins was self evident fact, but tnls was no more than had been manifest for some time past The aggressive or urgent selling which developed late in yesterdays market and continued over today was a new margin.
 Newiye returned tourists from abroad where important financial missions as well as holiday enjoyment were supported to be an object. were subjected to gossip and con- lecture regarding the selling. A number of last weeks late arrivals of this element are men in the front rank of capitalists and are supposed to be also active in stock market operations. It was remarked that there vas lacking public expression of the favor
 
 tude of foreign Investors and capital to- wards American securities. such as have characterized the home coming utterances on like occasions in the past. Conferences were alleged to have occurred with bank CTS and other interests at which the general situation was canvassed and which had been followed by the selling movement in the stock market Of the conditions at home most stress was laid on the agitation against concerns. which is finding so large a place In the daily news at this time
 The Standard Oil fine is rewardaA forerunner of other suits against various corporations, which will be prompted or en- couraged by the example of that case. Eos sble prosecution against the railroad off, cials concerned in that case was discussed. The series of measures directed against rail roads in group of Southern States, notably virginia, Alabama, North Carolina and Ar kansas. fed the apprehension felt by market operators on the subject. The fact that Standard Oil stock itself continued to be little affected did not heal the anxiety on the subject.
 The stocks usually regarded as favorite mediums of speculative operations by Stand the weakest in the market. further de- cline in the price of copper at London and at the New York metal exchange was a racsor @ in this this or result. So was the engage Holland, although it was intimated that this particular movement was not likely to De extended. The continent of Europe was an active bidder for gold in the London market also and took g, 500, 900 of the sum available against the $500 900 secured for the Bank of England. Private discounts rose In London. The weekly bulletin of the weather bureau was not regarded as entire- ly satisfactory as to crop conditions in parts of the wheat belt and in the cotton belt
 Rates for time money continued to ad- vance and little was offered except from foreign and out of town bankers. The shorts took their profits before the day was over and worked substantial rally, but 1t was all lost again and the stock market closed weak Bonds were easy Total sales par value s1,1 16o.O00 United States 2s declined \ per cent. on call.
 NEW YORK CLOSING STOCK LIST.