The Montgomery advertiser., 1909-05-21
THE STOCK MARKET

' the late stock harket soday G nad no no other explanation than the seeming exhaustion of the power of the upward showed animation and @ great strength. lstive issues rising to record figures. se sstqs. is sad ss Southern afssr 'Pa Pscie ins's' rise to iiss s-4 uIa placed sS t at the tos tse as ws sss stocks. The halt to this prosperous sSso SSas on Si & ns Hrrsn ahs ayasnSs sftST sss stated before entering the board room chs shhst ths rates probably would bs ,an ud,, Pacific and Southern Pacifc which fol- lowed the declaration of .divizends at unchanged rates was attributed to dis vance the dividends. Rumors of an in- tention 10 advance the dividends on these two stocks have been circulated from time to time for a great many
 Apparently serious hopes were en- tertained that the Southern Pacific along the marketing of the consceivabis bonds of the company recently fioated the weakness of the Hartman stocks
 was no sredatsr snsn tast
 
 one per cent quarterly dividend on ing expectation oS the piacinry of the price has been advanced many times on recurrent runners that this action was imminent. but II ran off today with the movement in these two cases with con- sSowsd plainly that another es''Sss cause %ss fakinr was nrinci,aI Sacfnr tvs tba reaction. The selling of United States Steel at SO seemed to be- taken as a agnsi agns sesa fsT such P5Sos tskng on very present. campaign for the rise in Unit ed States Steel. advocates of the move ment nsa. that shlaimsd, with apparent reckless til t had touched 80. The price prsdict- ed has advanced from time to time since then, but evidently the suspicion the first prediction might mark the ob- Jective Of the campaign. The Increase m the Atlantic Coast Line dividend was others in the Southern group. but their advance was not all held. Actual con oltions bearing on values were not nen so ena1Sea ru1sS fbs and 6rss tss ports from the steel trade were of very bright prospects and of increasing or ders for all lines of finished products. metal exchange.
 Recognized authorities regarding crop conditions gave fiattering accounts of the improvement of the winter wheat during the last week and the highly satisfactory progress of the spring wheat sowing and the early condition of the plant London was market, although the origin of these buying orders was matter of some doubt. There was some ground for supposfng that large orders In the market. although the origin oz these buying orders was O matter of some doubt. There was some ground for supposing that large orders in the mark ct yesterday and early today were designed to safeguard prices against any possible shook caused by the sud den oeath yesterday of H. H Rogers. These supporting orders may have been withdrawn with the demonstration of the fact that they were not needed to protect the market on that account.
 London's purchases, of stocks here and further engageInents of gold for shipment to Argentina on London &C., count had no marked effect on the for eign exchange market and exports of gold are still profitable and likely to continue. Time money rates were still inclined to yield,
 Bonds were irregular. Total sales. par value, S5,0S2,000.
 United States 4s registered declined f-4 per cent. on call
 CLOSING STOCK HIST