The Montgomery advertiser., 1909-09-01
THE STOCK MARKET

New York, Aug. sl.--ft became evf- oent From the outset today that much of the excitement and feverishness had died out of the stock marxet The character of fluctuations were In strong contrast to the last week move- ments and even to the sudden recov- cry by early afternoon the ticker had the traders we're at a ioss S move ve prices sufnciently to offer good scalp ing profits. The statement made By Mir. Hartman himself yesterday and of the press and the public to take him at his word and abate the eager show of curiosity owing to his condi- tion seemed to remove the only factor prices. The Hartman statement was not left without some interesting com- ment nevertheless. While it had the effect of quieting apprehension of an its admissions were sufficiently candid to prove condition of health preclud- ing present close attention to business affairs and quite duration this forced absence. A report of an extended Southern climate gave a further sug- gestion of the longer view of the case. Even more interest attached to the yelled allnsion. to the interests shown In his welfare by his friends. and per was read in Wall Street by light of persistent rumors that the recent up- set in the stock market was due 10 gndsrgrouad meehinations assinst the velepments in. this matter were respon- sible for Mir. Harriman's hasty return from abroad as the state of his health itself: With the partial obscuration of Hartman topic, the effect was to call attention to other possible agents In the downward turn in prices of stocks. The question arose whether-the elimi- nation of MT. Harriman's poor health would have left the market capable of sustaining itself at the unstable /leI ei to which 1t had been pushed. The indecision of the buying in following the advance which was established yesterday was very market yesterday when the market opened and not less so on the wider advances which were established later. As the demand died out. prices yielded to pressure again veioped. The agricuiturai outlook was given closer attention with the ap- proach of the Governments monthly reuort on the crop and the evidence that the crop has been going back in
 The various private estimates which appear in advance of the official report indicate an expectation that a condi- The Weather Bureaus weekly bulletin showed a continuance of conditions un- favorable to both cotton and corn, ana weather news from the corn belt is considered of increasing importance as the period for the maturity of the crops approach.
 The speculative mood created by these facts give added Influence to the warning note uttered by Chairman Jas. J. Hill, of the Great Northern and by some of the Northwestern milling in- terests, of the danger of overestimat- ing the present years wheat crop. Tn another direction there Is an expecta- tion that copper statistics for August will prove less favorable than for July. The falling off in the volume of cop- per exports in that time points to such a conclusion, Some of the selling was supposed to be of stocks bought last week for the purpose of supporting the market during its weakness, and which would be resold on the first ad- vantageous opportunity in the natural course of things. The good earnings of the Hartman Pacific for July were Ignored. The preparation for the Sep tember l money settlement was with out effect in the call money loan mar ket. but the tone of time money grew still firmer.
 Bonds were irregular. Total sales par value $2.926,000.
 U. 8. bonds were unchanged on call.
 CLOSING STOCK LIST.