The Montgomery advertiser., 1907-07-20
THE STOCK MARKET

New York. July 19.-The operations
 for rise in prices of stocks. which
 have been persisted in at intervals dur
 ing the week In spite of occasional in
 terruptions were continued today. The
 movement encountered less active rcsts-
 tance than for several days in the form
 Of positive weakness in any prominent
 stocks There were apparent difhcui-
 ties In overcoming the inertia of the
 general list and this drag op advance
 offered passive resistance which had
 discouragtng effect on the efforts or
 the bulls at times, The principal am.
 vague fntimation of some forthcoming
 favorable development regarding the
 Hill railroad stocks. An increase in
 the rate of distribution of profits was
 Northern preferred to the precedence
 In the movement of Northern Pacific
 which was the favorite in yesterday dealings. The cutting of a melon for posal of its equity in Burlington to Great Northern was rumor still
 heard but which was not such a ia
 vorite with the speculative contingent
 road stocks shared in the strength of the Hill group. The rise in the Harri- mans was more moderate although Cn- ion Pacific touched the highest in the imposing results of the years opera tions of the Union Pacific and the Southern Pacific had favorable ef1ect on holders of the stock. the surplus after dividends of the two systems s26.0oO.0OO. These figures had been pretty accurately foreseen and they supplied no incentive to further active advances in the stocks. Substantial in better feeling regarding the market for copper metal, which prevailed both here and abroad. Reports were cur rent of some large sales having been effected at the prices liked by the principal aroducers. Foreign stock markets had a report of an agreement between the Amaigamated Copper and the Rio Tinto interests on the price to be demanded. The price of copper in of call loans and the prospects for fav- Orahle bank statement tomorrow were elements in the strength of the market. The sub treasury operations M M alone have to tn" banks. It was noted with in- terest however. that the currency movement had been in favor of the in- terior. the balance marking reversal interior seems to have been less than half a million dollars. the series of surprises in recent bank statements was believed to have completed the rec. tification of past discrepancies in last weeks statement.
 There have been some important spe- cial movements of cash this week, however. which may furnish further surprises. Syndicate operations of the week are likely to have expanded the loan item.
 The heavy volume of imports which was the feature of last years foreign trade seems. to be main ntained and is a telling factor in the international ex- change system. Sterling exchange rose here today. The activity of tne@I fell to small proportions in the latter half of the day and advances were partly retained. A break in the local traction stocks due to the pro- posed investigation by the public utii- ties commission discussed the latter market. Bonds were dull and steady. | Total sales par value $992,000. United | States 2s registered advanced IA per cent on call.
 NEW YORK CLOSING STOCK LIST.