The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-07-30

New York. July 2s.--The usually ac-
tive speculative stocks fell into neg
lect today, but q diversion Of interest
list rsstined the daii appearance Of
strength that gave tone to the whole :,
the .as rev: from washi,ns.on was re-
ties OF . deadlock in the nnal stages
OF the tari6 settlement, which might
negative the results Of all the labor
81 the soanr snd Ia ssys the
newsd uncertainty overthefuture.
The effects OF such an outcome
would be prejudicial to the stock mar
the question thus presented made ope-
rators disinclined to commit them
The decidedly nrmer tone in the
suasive influence on speculative ao-
tivtty. The premonity symptoms of
the .sesonable demand from the CROP
moving sections are appearing in the
Quences to speculative borrowers are
beginning to be taken into account.
Some Of the Western banks are with
HrsTsas n loans P hs a., on s Ss n tSs
hohme demand for funds. The infer
ence Is drawn Of a developing require
rnent for banking facilities outside Of
e cen nse The liftins Of interest rates
on time loans In this market has caused
resort to foreign quarters to bor-
row. an, dthis foreign borrowing was
eSnsred In explanation q the sharp
To-Day. London was purchaser also
Of stocks In New York to some ex.
tent and this made a supply of ex-
rates aad IT'S part o, n arivins
ments were announced, but engage
ments for several weeks ahead remain
TO be shipped to South America. The
aspect OF present affairs there was
disturbing influence abroad, but had
very little influence here. The Span
ish news was a factor In weakening
Amalgamated Copper did not show
Its usual sympathy with the movement
and made a good showing OF strength :.
Grain crop advices were considered
instilled fresh confidence on the sub
tect and the clearing weather in the
Northwest removed Fears Of damage
to wheat by rust.
The cotton crop is the subject of
apprehension and the poor condition
reported by the National ginners' re-
port led TO anticipation of a discour-
aging exhibit by the Goyernment re-
Stocks Of railroads In Southern ter
ritory, some OF them distinctively Ct
ton carriers, were, nevertheless among
s.iS pthCApat t6dtuTeS OF strength In
the market. These included a par
ticular movement In the Gould group
and also In Louisville and Nashville,
Atlantic Coast Line, and, In a less de-
gree, Southern Railway.
The Changers. ON the other hand,
were neglected, and thsi added to the
almost immovable positions of Union
Pacific and United States Steel COM
pared with their recent aggressive lead.
ership was largely responsible for the
lethargic appearance of the market.
The New York Central continued to
reflect the influence or the supposed
growth OF the Hartman insurance, and
this, with a good advance II SOUTH
ern Pacific. Reading and a number Of
the less conspicuous specialties. was
sufficient to keep up the tone of the
whole market. The high prices at the
end OF the day were made also In the
period of the markets greatest activ-
ity, giving a very strong tone to the
closing.
Bonds were irregular. Total sales
par value. $4.616.000. United States
bonds were unchanged on call.
CLOSING STOCK LIST