The Montgomery advertiser., 1909-04-27
THE STOCK MARKET

New York, April 2e.--Thers were
symptoms Of iagour In the specula-
tion Ia stocks today and disposition
| was manifested TO harvest accrued
Rs~aS oommsm snsa the ssns pres
! sure became pronounced when the
market deyelopued any show .of
strength. but u was.not pushed at ne
sf hour Sps Or q sAs vs ass Ths s
Of affairs caused heavy undertone
rather than pronounced weakness.
stocks were fed out freely during me
ever new demand had come into the
| market over the end Of the week. This
demand was not notable and pricee
s sss ns Fee m o ns naspe eo.
tion seemed to eb responsible for the
accession Of cutting on the part OF OPP
orators for the advance. A furry IN
amongst the possibilities FOR the pres-
ent week in connection. with the prep.
aratipns for the monthly settlements
70 be nnaneed The axi ssncies q O
any any marked rise in interest rates
would be expected to bring prompt ref
Endorsements to the money market from
ntsrior sGuress MA MH5s Supplies
still and ditiicuit to find employment
for. In SPITE or THIS reserve force IN
the money situation there 10 q fear
rates might disiodss some vulnerable
market holdings Of stocks OF the less
substantial class. The remarkable
price advances In many Of these have
made possible, 1t Is believed only BY
the willingness OF bankers to pass
without objection collateral loans which
would be nominal. This week already
OF collateral in loans and borrowers
were notified b ythe banks to reduce
the perlcentage Of the more doubtful
fss' s6 IF ssur 81 oas sriaE brs Saas
about. IS In itself Disturbing pro.
cess: The apprehension that its ex-
tension towards the end Of the week
speculative accounts was q factor In
the restraint on the speculation which
was discernible today, The same in
luencs wss At X, Tork n the bond MAJ
tons In that department and to inn
part a heavy tone to that class Of se-
curities also. The days narrow specu-
tie trading es Stocks * n nsM 1 Resalns.
lent until It became known that the
Supreme Court decision on the com
was not to be handed down today Less
attention was paid to the stock after
wards; Lonson turned seller In this
market prompted. IL was said by the
1RPiod<h vi tho ttaiA nv - SAlJs 80 tttS-
ment OF the London Stock Exchange.
There were traces OF anxiety In some
OF the foreign markets over the still
unsettled state OF affairs IN Turkey.
The renewed absorption Of gold BY
Paris was illustrated in the taking Of
5000 600 In Lopdan for that aocuurit.
Railroad traf1ic offcials sent no I'm.
formation of marked change In the
freight situation. Reading aaemed to
be hurt by the intimatfon that. very
heavy supplies OF anthracite remained
on hand to be worked on during the
summer in the event Of an agreement
with the minera
News bearing on the coming wheat
crop wa sregarded as favorable but
the further break In the wheat mar
ket lacked its stimulating influence.
Securities were q fractional higher to-
day. The cali money rate did not get
above 2 per cent. Gathering distrnst
over the selling of stocks which ap-
peared on all available opportunities
LED to general throwing over of spec
ulatiye accounts ! nthe late dealings
and to the wsak close.
Bonds we're heavy. Total sales, par
value, $4.SS2,O00.
United states bonds unchanged on
call.
CLOSING STOCK LIST.
aToCKS; aales if4lxhl Law lfstcss