The Montgomery advertiser., 1907-04-06
THE STOCK MARKET
OPERATIONS FOR ADVANCE WERE
 VERY AGGRESSIVE.
NO Changes in Conditions were Apparent Beyond the Continuation of the Reiaxipg Tendency fin
 Money.

New York. April 5.-Operations for the aovanea were very aggressveiy pursued , .naav and wide additions were made to yesterdays gains in prices. No change in conditions from those. of yesterday were ap parent heyond the continuance of the relax ing tendency in money. This was in fact regarded as the keynote of the situation stocks
 Commission houses Reported a general wal Tn the market in accounts of the speculative class. an element regarded from the stock market point of view as making up much of the general public, whose en- try into the market is regarded always as marking an important stage fin speculation. tne appearance of this element was taken auVantage of as usual. for some heavy prof 1t taking on the part of more professional element, including board room traders and those having first access to the actual ope- rations of the market.
 The manner in which this profit taking aeain was absorbed proved impressive to speculative sentiment and was assumed to indicate the re-entrv into the market of some of the large financial powers which nave led great speculative movemcntsin the past. %The size of individual transactions the congestion of tho dealing> in a few spe ciai stocks and the sensational movements Tn such stocks gave the impression of par ttcipation in the dealings by organizations or individuals possessed of resources far h" yond the ordinary. The action of the market under such forces takes on a more or less artificial character and reflects act i've manipulation as well genuine market ing Of securities and is for that reason NieWeu with some suspicion
 Enormous operations centered in the Har- riman Pacifics and in Reading. suggesting me resumption of market operations hv forces which have been quescent in the trading for considerable time Southern Pacific shared fully in the movement and was regarded giving the motive for it in it's extraordinary showing of net earn ings for February published yesterday.
 A rebound in the price of copper ip Ion don was responded to by the rise of Anal gamated Copper here Many other move Inents centered around these followed from their influence. This made up mar larties. the rise in fresh stocks being taken advantare of tC market others. The prospect of very strong bank statement tomorrow was an influence in the dealings.
 The sub-treasury has contributed to the banks since the last statement was comput- ed s12.175000, and it is believed that this measures about the actual gain in cash for tho week as the movement of currency to and from the interior seems about to have balanced
 The easing the local money market has had the effect of checking the flow nf currency to this center and New York ex- change at Chicago has fallen back to par.
 It was announced today also that all the gold engaged at London last Monday for shipment to this point had been resold in that market. Another helpful factor fin the strength of the market the settle ment without a strike of the wage dispute on Western railroads. It was significant that no account was taken of the increase in the operating cost to the railroads i'm volved in the advance in wages granted in the demand The large selling 10 talk" ducted. but the market closed irregular and considerably below the best prices. Bonds were strong. Total sales par val ue 2942. 900. U. s. bonds were unchanged on call.
 NEW YORK CLOSING STOCK IT.