The Montgomery advertiser., 1908-10-27
THE STOCK MARKET

New York. Oct. 26.-Sentiment in the stock market today was quietly cheer f1i but It's active expression by buying to be in accord with the desires of. the controlling forces in the market. It is qnite universally believed in the fnan. cial district that skiliful and organized support of the market Is exercised un- der the direction and in behalf of the securities accumulated in various times ing to the popular assumption in Wall street in enormous volume. The large supplies of money -procurable on call the protection of this position. There is small disposition to assail it on the part of any formidable professional element owing to the small induceme1t to liquidation in the progress of busi- ness affairs. But with the last week of the political campaign entered upon and the general assumption that the be the signal for awakened public buy ing of stocks. the supporters of the market are content apparently to hold prices and await the outcome.
 The prospect of the whirlwind polIt- ical activty in contemplation for the week and at the doors of Wall street, was additional motive towards con servatisn. The dealings fell at times today near. to the point of idlness and were at all times dull and uneventful. An influential incident was the fur
 
 course of the market for this metal was closely wrapped up with. that of the stock market throughout the sum- by those seeking to read the intentions of the market supporters. This is due in part to the close affiliations of the group of capitalists believed to be the the copper industry. Speculation and manipulation in the copper market vent hand in hand with the same the summer. United States Steel was notably firm also and there were re- ports put in circulation of the favor to be published tomorrow rn and IV of a rising demand from consumers of iron and steel. A stiftenlng. influence was through the industrial list. The Har- riman Pacific resumed the leadership of the railroad department and North. ern Pacific made a brisk recovery from held it down last week. The Septern@ Der statement of earnings of the Atchi. son system explained the recent strength of that stock in the marked decline in gross earning compared with last year, while the curtailment of ex. penditures was so effective as to aid substantially in the net return for the month. Railroad traffic managers in general spoke in terms of encourage ment over the. growth of traffic. The better comparisons of gross earnings WAAOA all hdlSbt to hand are the better evidences of the improvement going on since the level of gross earnings of last year with which they compare still held prices got no assistance from foreign sources. as markets abroad were in- clined to depression. London finances are disturbed by the continued requi- sition of Paris on that center for gold and possible in the Bank of England discount rate came under discussion today. There was renewed uneasiness also over the Balkan sit- uation. The near eastern question. however, seems to have lost It's influ- ence on the stock market.
 Bonds were irregular. Total sales par value, $2,9T2.000. United States bonds were unchanged.
 CLOSING STOCK LIST.