The Montgomery advertiser., 1908-02-21
THE STOCK MARKET

New York. Fob. ae.--rt was only after considerable hesitation and several false s sodsys .ioas narSss Sssa o'S's Tss ssry sons rsnswsd re reaiisinE at the close Advocate. some such outbreak or special liquidation might meet them as was encountered yes ,sraay sarn,; in | the Could stocks and the Inter. tns upward movement abortive before the day ended. But no such obstacle inter sssr. soasx and sss turn ass,Sss shs shs' covering &eEaEnd from that element when It Commenced to retreat. aiding materially
 The spprssch of saturday holiday sn- creased the disposition of the bears to re- duce thsir commitments. The one item of asumed tc offer new conditions was tie 1eelsien of the question of the right of the Hartman Railroad Securities Company in- Central stock which was contained In the opiafon Delivered in the Illinois Central cs,e,. ease. Tss ,& out outcome was viewed in the q. of a~dispute which has been an unsettiihg influence in other quarters. as much from questions at ssn issns in e o1sn ssse Theps @as ns but one sale of Illinois Central stock Itself during the day and that at decline of a on the contrary. was heavily bought.
 inferences were sought to be drawn of a hearing of this decision on the right of
  cific dividends which the federal govern ment authorities seek to enJoin although the Illinois Central suit hinges on state the large part played by short covering on the advance was corroborated by the spe- ina ~6ieb 0T w some sesarred %sic have been subjects of expressed fears pre-
 Baltimore and ohIo has been weak at various times on reports of new financing in contemplation. Today's announcement of the sale of se.ooo.0o0 of one year five vIgorous advance in the stock This road also came forward today amongst the first with a statement of net earnings for Janu- ary which. while they showed . decrease of sss7.sss. to s1.012.57s. compared with last year were apparently not so poor as stock Ssa ssarsd st sssss hS the copper industry showed aggressive strength in proportion to their recent acute of re-purchase of stocks by bear operators This group was affected also by a strong re- bound in the London price of copper, the of that metal which has occurred in many days. Reports of new arrangements for the selling agency of some of the leading eop~ per interests were interpreted as indica- tions of the approachment of these inter ests to closer relations
 Assertions were in circulation which could not secure official sanction. pointing to an improvement in the January net earnings of the United States Steel Corporation over
 The substance of President Rooseyelt's letter to the commissioner of labor. giving instructions for an investigation of proposed wage reductions by the railroads was known yesterday and was grown for some of the short selling of stocks then and added to today's requirements of the shorts.
 Predictions of strong weekly bank state ment which will be given out tomorrow were made owing to the apparent gain of between five and six million dollars cash by New York on the weeks currency move ment The professionalism Of the market was indicated by the disposition to take profits late in the day
 Bonds were irregular Total sales par val to s3,02e. 900. United States 2s registered advanced the zs coupon and the Ss ', 1M per. cent on call.
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