The Montgomery advertiser., 1907-03-07
THE STOCK MARKET
.srREET" THROBs WITH TENsITY OF
 OPERATIONS.
Violent Fluctuations Resulting From Reading Deal May Be Due to
 CaDitaIIsts' Fear of

Future.
 New York. March s--wan street has ie1do ient fuetustiens @ % n priees i securities those which occurred today. There nave been panics in the = aS market nsn mhen abyss; there have been boom periods when the bold operations of daring sgeculators seemed. to be carrying prices ,.a,1,''Sga ra ana downward alterations which character ized today's movement have had few par stleiS ,ss start The Thsrs sr followed period Of abrupt reyeesal-. of the general current 9 or prices and ultimately. excited disorass.iH i movement without definite news so explain It. but the volume and the as gressiveness of the operations were ssta nm sources os importance.
 It is this Implied importance of the the mystery which hangs over it which have ave given to It's impressiveness the specoia,lssr ' imagination Wal street parl;ansee .o hss .les found a phrase. "Rich mems panic. 70 ue fine the condition. This E based on the he supposition quite commonly held Tn she neighborhood of the stock EAeren5 sne,,mulated large holdings of stock last year ana h' ,,,,, ing themselves with prospect of selihs Ss uae taste for the stock market. It Is believed that they have been prompted as wei uy the urgency of other calls on i,.i tnsnii enJ to the universal pressure for capltai anu Sy fears of being overtaken by period 9f Industrial depression, to liquidate thelr inc market for several days and of special stocks, notably has given color 10 'ni' theory of the events in prosress pa,I,nsnt was rrecin,tated today report that carried with it an inference that the supposteoy tst distressed capitalists were m .r, oS values to carry out another daring exploit. Ihe rumor alleged with positiveness ina. es toin large centralized holdings of keaa- by Fdfrlindhp e0- curing his control of the property @ lns heavy liquidation of yesterday in AtchlI9di' rnyd was alleged to be of Union Pacffic holu- ings to provide resources for the Readins operation The bears In keaoins
 thrown s'to a panic ana .nsrs gre ,,st The report was impossible of verificatlon, ano lis nlausible and likely features were r, 2" mixed s %srs to isay ntn,daseS tns and ds
 ciined to pursue their attacks on pr'ee' VI other stocks , ..o ,,er- est in fine midst Of 2 drastic liauidation movement in Canadian Pacific. wnicn @ naa forced that stock ,dUS down rnls RoRasd Rad S %uen fSe same effect as the violent slump m Atchison yesterday and had served , s W break the whole markeI n,ore abrunt ard violent on that account. There aiso was very heavy liquidation in PennsySsih,i1s VI, si,1a Sbn shsorpticn of the Hill stocks ana or Reading, however. was constant throusin,oGut si,G inc day. Atchtson met nos suSn oe'.in9 nreas,,re as that of yesterday These evi- dences of resistance in the market ar aiseaSg .Ss had divided speculative sentiment ama aiuc.it sl Heading incident turned prices drec1y inward No attention was paid to news news Concerning general conditions. me me iss ss' prices were geeraliy the best or the va and active buying movement ;" force. If r.-, .Ja, If bonds par value. s1. 7soooo. u S' ao- vanced A on call