The Montgomery advertiser., 1908-04-17
THE STOCK MARKET


 New, York April 1s.--The stock market showed more life today than was expected on the eve of a triple holiday. The de- ed largely to professional origin The board room traders have been bearish and the short account proved the more extended when 1t came to evening up contracts, pre- liminary to the holiday.
 The movement lansuid and only no- stagnation which was expected. Some st- tention was attracted by q statement, appa- rently inspired that the Erie financial set tiement was not the eleventh hour make shift it has been assumed to be. but was the carrying out of a definite plan having the assent or tne comyanys bankers and pre- cover the failure of the plan officially of tered. This fact was urged against the sup between the Moran and Hartman power in the E:ie settlement. There were reports made of iapae % Sodor, sales af r.roaa s,oss held by other railroads in the furtherance of the policies of community of interest in to the Vanderbilt holdings of Lehigh Val lew and to holdings of Reading by other sSmPapes SS The .IS purchase Sn.n was rspGrtsd 9O0.009 bond issue of subsidiary company of the Lake Shore. which gave q hopeful in the investment situatios. Union Pacific was leader in the days market and ab- sorbed large share of the total transsc- tions
 Some effect was produced by reiteration of reports of plans for a comprehensive advance in freight rates by the railroads and of the sanction of this action by. the interstate commerce commission. The Bal timore and Ohio made the first report of March net earnings to come to hand ana it's s469,l27 decrease compared with March of last year did not promise we'll for the influence of economies effected by the ralt- roads in conserving their net return.
 Crop news was favorable in the reports of rain in kan:ss and h the 1ssrrsncss Ss,na Sn, sn against any harm from drought up to the present time.
 States Steel and the strength of this stock had added sentimental effect from the pres ence in this city of large gatnering or iron men, although the obect of their com sultations was known to be to fortify them selves against the cutting of prices which als were made in official steel quarters of reports that another general netting or the steel trade to be held today te reopen the discussion of cut in prices Of finished products.
 Known movements of money up to Wed nssday 9ish. indicats eoS o cash Sain Swin ine for the one million dollars engaged Tor ex- port to Paris: Considerably more than treasury operations but as these were ef. fected largely by redemption Of nationai bank notes shipped from interior points towards New York is still the feature of the bankin position. Foreign exchange held firm. A million more was taken for export to Paris and additional gold exports are taken for granted
 Call money loaned as high as two PCT cent compared with a maximum of 1% per cent. on previous days this week The declaration of the dividend on Amalgamet- ed Copper at an unchanged rate was in accord with expectations and was not q market influence. The bond market show ed considerable variety and firm tones although the aggregate volume of transac- tions was not large. Total sales par value S6, OPS, 900. United States 2s, register ed and the 3s registered have advanced h and the ss coupon | per cent. on call dur ing the week.
 CLOSING STOCK LIST.