The Montgomery advertiser., 1909-04-23
THE STOCK MARKET

af ~--@-~8@--~r~ mood in ths stecs msrkst today iook on ! mers cheerful hue. aitnsssh sn somerhat
 % ssccss as4a shieh were sold yesterday were purchased today and the upward movement oscame more unifofIn and eon4tstent than The subdusd tone of the spsculstIon may be justly sttributable to the iirmsr tone of the market for call loans rates for that Ssm ssaanss sI sssss sssa Tns meSss sss @ ton sxacta no Arduoas terms rom borrow.
 and x ihsss {: na .ppAtSsS: SS. distinctiy altered, neverthsless from the recent plethora of funds seeking employment and sxperisncins difficulty in findias iodg- and the Inflow from other sources does not
 'Y Toreian esehsnss rates were lower today. tinues to expsnd and aditionai Issues of new payment of an instailinent Of subscfiptions on the new Southern Pacific convertible s sss f0 0s asca Gi nS encihs the call money mark:ts With less Rs ss Sas Ssss E much ns sss siass s.l%s
 Bankers are dtspo.sd to look more to loans. leaders of finance counsel some caution about extending expansicn of values tc . point where 2 pinch tor credits IIiisht ia tho extension of prejects of financing stiI! to be concluded. The intention to refund sIsh ,ntsrsst 5ssrins sonds of the chissso ,ass
 The improved financial psation of many railroad ccmpanies as a result of loans al. faSy fusSycsp for Viuss Another substantia1 sup port to confidence is found in the subsidence Of apprehension over the grain crop position. apsusss ss rE es@sn, as t2 R the sss dssG paes sf which was continued today. Cheering ad- vices of the condition of the growing winter were ere added a to this symptom, The imprea, sion made by extravagant claims of depict ed stock. of grail, in the interest of specula-
 The reyIvins demand for pis iron Is con sidered of the utmost importance as a ba- o sss scdsg m % that the earnings of the United States Steel Cooperation. for the first quarter which found @ ' much @ better than han has been sstinstsd in current rumor. Fayoreable reports point ing to rislns scale of eonsumpticn said to duction dus ing the present month. Special strength in the New York traction stocks was tfacssble to the reports sf earnings 1ss those properties are held. The expectation was exp.sssea of an early agreement on a miners and operators. growing out of Con sultations still In progress. This collection Of favoring influences overbofe those of q less promising aspect.
 No more was heard of D. H. Harrinnan's 6 proposed trip to Europe and the fears re. karding his health which were professed yesterday. The adjournment of the Chesa- beske and Ohio directors without the hop ed for Increase in dividend did not cause serious reduction In the price of the stock.
 The announcement that the Pennsylvania had repurchased the Norfolk and Western stock sold some time ago to It's bankers dur ing the height of the Incorporation agi- tation, was considered highly significant of the increased assurance felt by corporation managers regarding the tone of public senti- ment towards them.
 The bond market showed notable breadth and strength; total sales, par value, S10,- 24o. .00o.S United states ss coupon advanced h per cent on call.
 CLOSING STOCK HIST.