The Montgomery advertiser., 1907-01-30
THE STOCK MARKET.
THERE WERE SIGNS or RELIEF FROM
 OUTSET.
Early Manifestations of Resistance to Dspres- sion was Regarded With Suspfcion of Giving Way to Weakness an
 Later Trading.

New York. Jan. 2e.--There were signs of relief from the outset the stock .nasset foaaf fSated sf0S S1
 has been in evidence for several days pasa The extent to which speculative aceounss CT hands and the over-extension of the hear account. which always develops sooner or later ss n ss sSursa credit tSe change ifestations of resistance to depression were regarded with suspicion. owing to the fre- auency with which similar symptoms have given way to later weakness in the later trading but the manner Of conduotine .ne idence of the efforts of the bears to secure stocks without unduiy lifting prices
 At tr. outset the only demana , wnen Sen,,uss wss giving way to extreme dullness whenever any advance had been effected. Later us the volume of selling on the advances di- unfinished and there was more disposition to follow up the advance with buying eroeIs. There was no marked change Tn the Conui s,i. t.eas surraaa5.rs the market. Srecc'atiEe sentiment continued depressed and the sta iple of discussion in the neighborhood or tne stock exchange was the prospect a,o or e'm1ns ons indication of the activty of the bears was the exaegerated tone given to some or 'his
 Incidents of adinner in Washington at which the President and number Of men conspicuous in tho financial world were present received much attention and th" hc- counts published of the occurrences on tna. occasion were interpreted as notice uerved on the forces of capital of the eoerclsive measures they were to expect fror- the req eral administration.
 The embarraasments to which the faH- roads will be subjected in providing mean to met the great rush of traffic or 10 make needed Improvements loamed large In .he current discussion The arrest Q, 'ar,ast sns was reearded as disappointing and the pro vision to be met for the call for the return to the treasury of, S6.000.000 of government deposits of February 1st was feared as an unsettling influence on the market .s. On the other hand the reports from the London stock market settlement were re- ceived with satisfaction recent rumors or financial trouble fin that connection owing out of the positions in Americans !alfing or confirmation. The rate for carrying over ed sharply from those prevailing at the iast settlement, giving promise of 0 cessation of pressure on this market rom that source.
 Renewal of rumors of money troubles were conspicuous during the time or the ear ear ly pressure on the market but With the taliy in prices the rumors faded.
 The tone of the Japanese statement on the California school incident caused thade of disauietude. Reports of the intended offer to the public at early date of an convertible bonds was received with interest as the first attempt for some time to elicit public participation in bond Is ue Tne rally in the market was unsettled late m the and Erie, but the general level of prices vas not forced back to .ie previous low point The closing was irregular.
 Total sales bonds par value S2,032, DUO. United States bonds were unchanged on call.
 NEW YORK CLOSING STOCK LIST.