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

New York, Sept s.--specuiative tenn. per stin showed itself in c state of high strung sensitiveness to news from the various price fluctuations of stocks during the day were the fsithful re- nection of nothing but the advices which filtered through from the house into the regions of the financial mar mesgre. much of 1t vaguely outlined and. and some n,na.. of t c:Ssntrsdictory. The fused and subject to shifts in the cur rent, with subsidience between times to . condition of stagnation in an at- Ths teS soisms Q, ss ss. transactions suggested that large op- orators are, as . rule, keeping out of the market, with the purpose of letting dealings na ts we're svs clearly se msas s up srss part of professional transactions of secondary importance. The shifting tide of the market made 1t Ideal for agile enough to follow it. and a few traders. by working In and out, many times. contributed much to the appar- ent volume. following the process once in sy sss se sst at ths Arden snns tion of the sick financier was regarded as grave was obvious from the close attention paid to ali news on the sub- amongst ansneiai I sssoeiases U% sDGsoSn to recosa nize the fact with more candor in the discussion for publication. It was con- sidered that this policy was calculated sss bad ns ne%s asnsif ~a, Ss oS also that the absence of the guiding head of the Hartman properties from close application to their direction had the capacity of the organization to rup with the substitute forces provided. The length of time in which Mir. Har- riman's precarious health had been discussion and even of active specula- tive operations in the stock market makes 1t certain that the speculation has fulfilled at least partly it's normal of possible contingencies. Insurance against the future Is sought in all such cases. This line of discussion fos- tered the growing inclination to ques- not lending undue importance to the immediate news feature of the sick bed bulletins. Little attention was given to any other matter, however. some time past has paved the way for the poor showing of the Government rrop report published today. The fact that both bot corn, corn and wheat advanced taken as evidence that the previous rise in prices had not adequately dis counted the falling off in condition of corn and spring wheat. The heavy de- terioration in the condition of corn during August serves to impair the hopes of a bumper crop for that ce- real and the spring wheat condition at the harvest gives a point to recent warnings from James J. Hill. Of the Great Northern Railway, against over estimating that crop. The bearing of this on the interests of railroad share holders received an illustration in tile suggestions of conservatism as a de- irable policy in the matter of increases or resumption of dividends in cases under recent discussion. The growing money requirements of the interior are reflected in demands on the New York banks and in the falling off in the off, ferings of bank notes for current ..- demption. The sub-treasury in New York is again drawing large sums of the banks. These factors may have influenced the heavy undertone Of stocks, but they did not prevent the early advance when Mir. Harriman'S state was reported improved, nor Q sharp recovery when his physician again announced that he was better.
 Bonds were easy. Total sales. par value $2,S7S.00o.
 United States bonds were unchanged on call.