The Montgomery advertiser., 1908-09-24
THE STOCK MARKET

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 Nsw York. Sept. 2s.--Ths tranouIl state inso M which the stock market feii today. stroas - 'ne oen, turmoil Of yesterday formed . 90 % saddeo eon.rsss as sa The transformation was for that reason msds the a sround na for .om: Sss eons, gr%on and for reserve in speculative ienf n,tmenss: n ne,,. It Is usual after vio. in the last few days, for the first 4 IsSS reSnued i0,e ito pc as correspondins visor. The iansuor ,nee naS which the movement foII today at q inss ns0oerets stage of the recovery. therefore .ss,t grounds for distrust. Something of ,n,s ,n moderation was attributed to the ex- short contracts late yesterday when prices were recovering in proportion to the enor- nous nous buying for that account. This cov- .sH movement by the bears was contin-
 Very large buying orders were executed Dy lew infiuentia1 stcck exchange houses Their transactions were largest in the two Hartman Pacific stocks and in Reading these t,ae are the operations which the supposi- uon current on the floor of the stock ex- cnanse place te the account of the million aire capitalists associated with the Stand on the stock market has been swayed for weeks by the belief that action was being taken taken in the market for this account. The conference of these powers no longer.
 The miscellaneous following of room trad leadership implicitly as they believed they penetrated its concealed purcses The dull hesitation of the market after the first nouf gave this element much anxiety. AL mast half the days business was done in that hour. Practically the extreme range lished also in that that time. The higher see open- ing prices brought out realizing sales, with relapse which wiped out the gains. hour and this fixed the limits ' of f" the % price ice movement afterwards. It was traversed many many times but without any great anima. consested in the Hartman stocks. Reading and the copper industrials.
 The days news was not important and was little regarded, attention being concen- trated on the cosing up of previous specu- lative commitments. There was a re- bound from the recent declining tendency don. This called renewed attention to the close correspondence there has been between throughout the summer speculation. While stocks were rising there was daily an- nouncement of an advance in copper quo accompanied by successivs decline in the quotations for copper.
 This correspondenee has been taken to for the movement of the group of capital ists with a large common interest in the copper industry and in the corporations of which the shares have been most active in the market.
 Some of the reserve shown towards the investigation of the Brown failure and the manipulation of the market on August ?, which was expected to be given out later in the day.
 The breaking of the drought in the west was heraided with satisfaction. but the the warning of probable cold snap to follow made the corn market sensitive. The day ended at the stock exchange with one of the numerous upward swings of prices. but with no more assurance displayed in the movement than previous occasions.
 Bonds were irregular. Total sales par value ss.222. 900. United stateB bonds were unchanged on call.
 CLOSING STOCK LIST.