The Montgomery advertiser., 1908-11-20
THE STOCK MARKET

New York, Nov. fs.---A constant nuctuatio1 of prices in the market vas the prinoipal feature of the dealings n 1ssocks today 1.. .h.r sss rs os s'Ts is. naraSwis sS
 ume Of dealings also was smaller. the days sales falling to nearer the mil- asnt,s, lIon saars 1,t limit than since the Presi-
 That the general demand for stocks mas been satisfied to some extent is in indicated by the diminished activity. It wae assumed also that there was q maternal decrease in the more profes- operations of this character have been gations of manipuiativs intent to fur ther the distribution of holdings, their decrease has rather .ominous effect These dealings have been attributed interests who were credited with ac- cumuiating stocks as far back as last July m anticipation of the groding de- mand, which has since developed.
 While a degree of artiheiality was regarded in these manipulattve ope- less as evidence of the continued in terest in the market of the capitalists and institutions of first class resources. tlnued protection of prices by support ing orders when any weakness de- veloped and of fostering measures for extendinE the advance fn which specu- Intive followers might hope to benefit The reduction of his kind of activity leaves an apprehension that the large operators have practically completed tribution of such part of their holdings as they desire to realize on.
 II Is feared that the market will be professional attack. There were signs that support of prices had not been ao1ndoned today, but 1t was less ag- facilitated by the covering of shorts put out on the decline yesterday.
 Tn eoccasional rallies in the market were noticeably checked on the ap- they closed yesterday. The bears ap- parently. ceased to buy at that level, which showed no profit on the short movement downwards again. o,s Gsenersi selling ct the last was the
 Te ds9s or news s fSsns Sarss of o sana0a
 ton of the price movement. The noard room traders laid some stress on the announcement of an Issue of $s0,- ble ground for the selling of stocks Enat transaction in itself is not cai- culated to disturb either money or se-
 rss sssta s s ksy hSwfTsr sst iSs os @et may props ps'a tfsnsfe1 s e9Fe o csplts sG ss tioh. pESeenI btOck holdings Into the newly offered securities Such a movement occurred in London today in connection with the highly successful notation of a Si0.00e, 900 Korean loan under Japanese auspices. The banks expect that the growth of demand for capital In the more fluid form of com mercial employment will ansect the supply available for speculative pur- poses Tn time also. The immediate state Of the money market Continues easy, time loans showing a yielding tendency again today. In addition to these considera tions, there ls a party In the speculation which holds the con viction that the upward movement in stocks has overrun the improvement ID general conditions at present in l signt. Another reduction in copper at the local metal exchange was ar, l incident of the kind dwelt upon by this party. Up to this time th1s has not appeared any aggressive operations in the ma arkst from such a party. which has confined itself to a corservatIve at- ultude Of refraining from extension on tne long side and to realizing sales on over the Balkin situation promptSS some foreign selling of stocks Bonds were heavy Total sales. na r value. S4,2D4,000 United States bohSs were unchanged on call.
 CHOOSING STOCK LIST.