The Montgomery advertiser., 1908-02-14
THE STOCK MARKET

New York, Feb. 12.--Tha early stock mar an important proportion of the oonspicaaas selling which carried prices downward on Monday and again in in. closing dealings operations on the Bhort side of the market When these sellers felt impelled to cover their contracts today they found scarcity upshoot of prices resulted. Almost equally striking was the relaxed tone of the market been satisfied. @ ssa The I inference pointed to Js that while the genuine demand for stocks for the present is light. the supply otfer- ing in liquidation is also scanty.
 At occasional intervals there are sales on the market of special stocks that look liko iiquidation and this IS attributed ,, to son .hs adjustmeLt Of banking affairs holding over from the troubled period of last fall Witn this exception there does not IS appe@ s,,1sSst 2 a general inclination amongst owners to re duce their holdings of stocks Very posltwe ic and Southern Pacific dividends would De reduced accompanied the free sen.s oJ those stocks The declaration or diyioenas M on these stocks today at unchanged rates accordingly caught an importaont snort ini terest uncovered and they were Ioremost In the advancing tendency ,ro, :
 The coalers also were conspicuous. Not great deal of activity characterized the rise and the subsequent sag was preceaeu oy s tiinK factors were the pressure on American smelting and the violent breaks In several of the Gould stocks with no apparent sup
 Speculative operations in American smelt- ing are large at all times and their motives difficult to trace. but importance was as or a conspicuous engineer from the service nf the controlling interests in this company The weakness of the Gould stocSs causea the revival of former-reports or pro1ects LoI new financing by these companies. Ine me days developments bearing on the gehers. situation were not important stress S,vsSs wSs appearing in the New York wholesaie, e, ols tricts Reports of some additional mill re sumptions also were made a feature Inc pains taken by one of the leading iron trade authorities to deprecate the newspaper Ie ports of plant resumptions as exasEera.eu sion which these reports caused. fall in fine price of copper. both here and in Lon. den was an incident of the day tnat ,ns n.e not conduce to holding prices of securiues, a Such small inclination as Is perceptioe s 70 embark In the stock market IS heio ln sbeyanss by the dssirs sG sRo ses .eoe @ of New York City h per cent bonos.
 There were Improvements in the operations in the outside market market soaay yono,ations mn from ao4 O 1O4Kc, which is higher than the aV craze prices which bond experts expect to se An e" everase price above 1Os would prove in excess of the common anticipattons tne improvement thus indicated over the tvz soA brought by the previous Septemoer Sa'S NV
 A marked stimulation of investment oe, mand in general, 1t is believed wtll aereno on a figure for the New York City o0nos. higher than 103 That the bonds VIII pe abundantly subscribed for Is taken IoI Tranted. but more attention is being pau 10 the price they will bring: There WI no revival of strength in the later stoeA
 Bonds were irregular. Total sales par val ue S2,Os2, GOO. United states bonds were "n' changed on call.
 CLOSING STOCK LIST.