The Montgomery advertiser., 1908-11-07
THE STOCK MARKET


 New York. Nov. s.-The speculative sentiment in stocks entered a broader pha ase today In the entry into the buy ing movement of additional forces from leaders of the speculation were prompt to perceive this development and To take advantage of 1t by manipulatiye asyiess ae,ns 19 hslR na on the adyanes ,ssss an m attraction to the somewhat excited operations of the new participants. who were apparently of the class that would had moved downwsrds instead of up wards. The stocks of dangers con- tained in this kind of movement are ticed professional operator in stocks. and this class today was attentive for signs of reaction in the market. and PS ooarss s Sst @ IRse Rrss wsS pres n sive of the extent and the force of the new buying movement that these sales were absorbed with ayidity and with prices Operations of this character. however, represent a passing of stock holdings from stronger to weaker ing vulnerability of the market to at tack and to the attrahtion of such an attack for the stronger speculative els- ment after @ & 1t has disposed of ttf a.,, noid- commisstop houses was much en- larged scale and they seemed to come fror widely separated sources. although for the most part from the speculative centers. Boston was much Impressed with the promise of the copper il dustry. and. together with large orders for ports of the volume of the new buying of copper and the rapid advance in the price of that metal which was in sight, Phgiiadelphia and Pitts65urg as nents fin the iron and steel trade and the heavy. orders for United states Steel. for the shares of the minor steel stocks and for the railroad equipment companies and electrical equipment companies which are correspondingly interested. were attributed to those are called awestern aT wire house" re- re- ported percentage even more scatter- ed throughout the West and South
 The largest interest shown by these buyers was in the industrials. also de- mand for stocks of railroads with whose conditions they are familiar. eign account were mixed. but influences from that side was of cheerful effect on the speculations springing from teh passing of the elections. Several inei- dents served as a supplement to this. A notable influence was attributed to the remarks of Judge Taft to the Com mercial Club of Cincinnatt in. the as- Federal Government with all business and corporate enterprises that observe the law. although this assurance was of an enforcement of the laws against dishonest methods Wall Street has, tened to arrogate to itself a, promise of ing rush of orders for stocks was re- garded. confidently as a herald of coming developments in the. industries of the country. The soothing of the friction between. France and Germany was the cause of some relief and the s9ttlement of the strike in the Lanca- shire cotton mills was another helpful factor; from abroad. Yesterdays extra dividend declared on Northern Pacifc had its consequence in revived rumors of other. intended distribptions which were were without any continuation It is recent parallels. today's large dealings hnds them occurring on days of violent declines in prices. The largest days present year was on Sept. 22 when prices broke violently following the Maine election on sales of 1,4S6.O0O during the panic last sf' fall S was on Oct 2z. when 1.$6s,S92 shares were record ed The record sales for 1907 were SI,m,Sst,eh sS51 ,5lS shares S on March Ia in .he silent or millionaire's panic. Todays spurt to 1,534,000 shares shows the largest sharp expansion that, has oc- days of the aboFtive speculation on the increase in tho Hartman dividends The markets furious activity was nAintained to the last and prices were still forging upwards. although with some effect on realizing sales at cer- tain points. Todays movements show mated Copper. New York Central Lou isville and Nashville and Atlantic Coast Line; 3 1-4 for United States Steel and Union Saclfic; 6 IA for Great Lackawanna.
 Bonds were strong and active. To- tal sales, par value, SS.612. .000 United States bonds were unchanged on call,
 CLOSING STOCK LIST.