The Montgomery advertiser., 1907-10-26
THE STOCK MARKET

New York. Oct 2s.--rhe stock market reflected an early curb 10 the exuberance of cheers which marked the revelation late yesterday from the departments of despair into which ft was slipping. After the check had been applied conditions settled down in to . dull weak attitude with . late upward spurt- Activity was on a small scale. Prices seneraliy were pretty well sustain ed, but weak spots constantly developed which showed the feverish condition Of the ditionai liquidation. It was said that the only buyers In the market were bears ss n SssS os sse the requirement. of borrowing for marginal operations For most of the day funds of- borrowers @ M who secured % por.ions or the sa5,e n 100000 loaned late yesterday by the bank CTS pool found themselves in comfortable circumstances today and were allowed re-
 Bankers were saidfo be Advising stock brokers against undertakinE any business 50 far the money strlnsency The amount of business done on this basis was surpris- fngly large and the amount of cash that changed hands in brokers offices during the day might afford q clue to the destina- tton of some of the funds that were sbe- ing withdrawn from deposits with banking additions to banking and trust company institutions which closed their doors, most Of them to cheek runs, had little effect on uation was clearing in the financial center here in New York was the paramount in- fiuence on sentiment.
 Company Of America and its colonial branch was accepted as the subsistence of the great CT danger. Further deposits of government funds were made with the banks and the ablest financial minds in the country con tinued In diligenf employment to devise means for improving and relieving the sit uation. The constant evidence of this activity had the soothing effect on appre- hension from the strictly stock market view. when funds appeared in the loan crowd late tn. tn 'ss sstsn ss .ns @s. Hos osnsS on call at the stock exchange t meant that stock market needs were supplied until Monday. Prices rose rapidly in the latter part of the day and closed strong at the
 There was present the hope that by Mon the situation will be so far cleared that the money stringency will be ssnsibly relaxed and saner conditions established.
 showing of the effect of very complicated factors So far as the known movements of money through the usual channels for the week figures, it Is evident that there have been heavy shipments on balance 10 the Interior. the excess of shipments over receipts being estimated at $s.S1s,soo On sub-treasury operations, however, the heavy deposits made with the New York banks Of funds reflected in q gain by the banks of stsssy ., Sew Se ais by the trust companies from thssAsnks may affect the cash item In the loan item there is every eonfidenee that dras- tic contraction has been effected, There was continued evidence of painful Hqulda- ton in Isolated stocks to-day and the same was true in even greater degree in the nonu ,i market. Some sensational declines on small transactions were thus occasioned.
 Bonds were weak Total sales par value s4.55s.ooo. United states 2s declined h. and the 4s registered M per cent on the call.
 CLOSING STOCK LIST.