The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-12-21
The STOCK MARKET

New York Dec. 2o.--The speculative hops
THAT the approach of the holidays would be
Stocks wss disappointed todaS rh Dss spotss
advance at the outset met selling -pressure Of
such an effsctive kind that the. enthusiasu
the setback IN the Atlantic Coast Line group
Of securities which Followed the putting out
Of denials with authority q the rumors
those stocks The denials covered the al.
legged intention TO issue new louisville and
Nashyilis stock, with valuable Subscription
course, have benefited A. c. L. In that ca
pacity and also the supposed intention TO
retire the A. 2. L collateral bonds; a.
preliminary TO the sale OF the Louisville and
Nashville stock which secures these bonds.
There was a sharp fall n the price Of all
sy s effeos On the 1 senersi list. ~
Another depressing influence was the CALI
ing OF loans on large scale BY several OF
placing Of accommodations one reason
given for this calling OF loans was the ap-
pearance OF Increased supplies Of CONNER
provide themselves with means to take H.
A payment of si2.50o.ooo on an instaliment
In subscription to the new stock Of the New
ditional demand upon the monye market
The s1.50o.0oo gold to be shipped to South
America was Withdrawn from the SUB treas
stitution had contributed over s2.ooo,ooo to
the banks since Friday. through the medium
OF some heavy government uispurScmcntss
No engagements OF gold for shipment TO
London by Wednesdays steamer We're an
nounced, the exchange rates ruling below the
point of profit the transaction The
London supply of gold was taken Tor Ger
many but the discount rate In London was
easier.
The Chicago exchange on the other hand.
moved against New York falling to small
discount, compared with fifty cents premium
no longer than two weeks ago. The signs OF
the working out Of the year-end money mar
ket accounted for the restraint on the spec
uiation Extent OF the shifting Of loans BY
some OF the banks gave rise to conJectufe
of any adjustment OF accounts might be IN
progress looking to mergers In the -banking
world. Recent operations in connection WIN
ance Society and market movements In some
OF the banks stocks have fostered an expect
alton Of such developments in the New YORK
banking situation. The riteration OF the re
port from Paris that the effort to list Unit
ed States Steel on the bourse had been defi-
niteIy abandoned with the dissolution Of the
syndicate which took block OF the stock
In connection with the project. weighed
on its price to some extent The census pu-
sreaus cotton ginning report was held. In the
cotton market 70 confirm the agirfulturai
departments serious view of the crop short
age; matter OF grye import to industry
and to the high cost of living.
The progress Of the demands Tor ntgner
wage by railway trainmen and conductors In
the east seemed to awaken languid inter
est. American Sugar suffered from the pros
ecution of the customs frauds. Special stocks
made q ready response to suggestions OF DIV
idend increases, Reading, Consolidated Gas
and the Rock Island issues offering samples.
s4.s74,ooo. United States % advanced per
cent on call.
CLOSING STOCK list.