The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-04-01
THE STOCK MARKET

New York. March s1.--The stock
market today mAnffested . degree OF
viGor that proved OF notable influences
In forming speculative sentiment ana
that has been growing up in the shap-
ing OF affairs towards betterment- Al.
though fhis feeling remains without
corroboration In the news Of events in
trade and industrials. the evijencs OF
none the less impressive 9nd 10 ac-
cepted with confidence BY business
men themselves special events TO ac-
count for the uplifk OF prices there are
general outlook Is held accountabie for
the starting up OF values and the re-
viving Of Speculative interest With
stocks Offering steady resistance TO
news OF discouraging conditions In
has been fcrmins that operations in
the stock market, 20 far ashley might
be prompted by such developments had
been concluded In the period Of de-
preston that has passed. There Is adj
latiye and investment which has been
waiting for an assurance thar the eff
fects on securities Of unfavorable fac
tors have been measured. AZ to the
ultimate emsrgenes Of affairs from
weighed upon them and the resulting
great unnanoement OF values which u
to Follow. no doubt has ever been felt.
the action Of the stock market In face
Of some Of the later devslopments
these developments in themselves may
mark the elimination OF depression
and the turning point TO Improvement.
such advancement was the open cut
Steel corporation. making the ADAM
Comment Of the doubtful policy Of ig-
noring the lack OF demand by holding
prices at artificial levels. While the
new demand stimulated by the cut Is
few days are that such demand Is
growing and is expected to expand ma
terially with the demonstration that
bottom prices have been touched. The
small profits which must result from
the danger OF labor disputes from cut
ting of wages. the prospect Of pro-
longed apathy in trade while the tariff
Dill IL being worked out and all SIM
ilsr unfaxcrabie possibilities are point
EFFORTS by the bear element in the
speculation to force down prices. With
the failure Of these efforts the wait
Ing demand for stocks has grown i'm
prices might be Slipping away from
them. With the settlement OF the Bal
kan situation and the release or bank
ing LacfHtles abroad from that cause
and from the completion of April set
tlement another period of extreme
pfentitude of money supplies seems as
sured, and this IL a stimulating factor
on the speculation. In the week that
the cut In steel products was an
nounced. United States Steel sold at
II Ia after having sold the week be-
fore at above So. Today's price
touched 10 IA. The 1--WE weeks re-
qufred for the recovery compared with
the violence OF the collapse measures
rate of recuperation that shows the
natural slowness of that process. Lon
don was buyer of stocks on a liberal
scale during the day The net earn
ings statement for February OF South
ern Pacific and Union Pacific were fol-
lowed by an advance in the former
60 record price and in the latter
to the higher price touched since the
stock was placed On @ 10 per cent div
nouncement that tomorrow's expfra-
ton or the wages agreement would be
followed by maintenance OF mining
operations was received with satisfac-
tfon. The strength Of the days mar
ket was not uniformly held ana the
close Itself was decidedly irregular I'M
ing.
Bonds were firm. Total sales. par
value. $s.2io.000. y
United States SIS registered advanced
Ia per cent on cali. 81
CLOSING STOCK list.