The Montgomery advertiser., 1909-09-28
THE STOCK MARKET

. New York. Sept. 27.--There seemed to be an accession of confidence today on the part of the speculative buyers interval @ sI Some % of the mo Snyins Sasi r0 oams from professional bears. who had gone short over the holiday. There was ies Sisa 0lsn Hsodrs sso os fosS tx had sold out on Friday last from the fea~ of accidents over the closed in-
 sn' was asa that Rn Uas.a asssss ssas: ssss which was of breadth and volume that gave it the semblance of mis- cellaneous demand from widespread en by brokers as to the financial char acter of some of the customers who made up. the principal element in the demand for this great industrial stock ment towards the whole market. The demand for steel was fostered by the enthusiastic reports of conditions m It's trade. af
 A yeritable wave of buying was de- clared to be sweeping over the iron that basic commodity in spite of the wsos m Rarsaa sS .rs managers reported a growing anxiety on the part of the great railroad sys. tems for. the return. of their freight 5CnI 0ubz lu JULIET IHiAIOadSs n Pennsylvania Railroad ofdcial affirmed his conviction that a shortage of cars was threatened before the years pro. ducts were moved. These views had and steel industrials.
 Better reports came also. from the copper trade. where contracts are making for delivery several months yanced in London today. This con Hrmed the confident feeling over the iron industrials and spread to other The rairosa Hr sae liss s got lift from the excellent showing of earnings for August made by the Atchison system. Evsh after \ liberal increase in the %as sndSsh ef of fhs Eross to make an expansion of nearly a million dollars or upwards of 37 per cent, in the operating revenue for the b"yns n H Readin asdinpoa sna 1nion SI pacio was notable factor ip shaping the tone. Of depression caused last week stocks on all available occasions.
 The conservative tone of warning from many important commission houses sent at the. end of last week which appeared on Saturday while the stock exchange was in recess, were without influence in curbing the reviv. cu slTcuBIn OL StOCkA Ine u6fnaHu proved to be much congested, espe- cially in the United States Steel ana the days aggregate dealings showed a shrinkage. Conditions were not from a rise in New cork exchange at Chicago. which suggested relaxa- ton of last weeks demand upon New York. The substantial reduction in the banks cash. which resulted partly from the demand, went on today from the operations of the sub-treasury. That institution has made requisitiou on the banks for $1,626,000 already since the bank statement was con- piled. This compares with g contribu- ton to. banking cash for the same period last week of over half a mil" lion dollars. Discounts hardened in Paris and Berlin, and foreign stock markets are evincing more solicitude over the money outlook than in New York, although 1t Is the New York de- mand that Is looked for to lift money rates there. A good effect was pro- duced by an intimation that the Unit ed States treasury might find 1t un- necessary to enter the money market with an issue of treasury certificates as was looked for at an early day. the Fries and this, although ignored at first, was an influence in the sharp reaction of the last hour with profit taking sales goinfi on also.
 Bonds were irregular. Total sales. rar value, $3,538, 900.
 United states bonds were unchang- ed on call.
 CLOSING STOCK LIST.