The Montgomery advertiser., 1909-12-29
THE STOCK MARKET

market proper Rock Island fell into the back ground today after its high ly sensational performances of yester- day. The performances left an im- s security capable Of such eccentric trio and inexplicable action might carry with 1t hazards in the handling which discourased attempts to experiment. muah @ fear was M felt sosVns of Sirses 's conss s. quences for harm from 1t. since it was so soon over as to have prev&nted time for the operation's harmful in- to gain force that reckless and blum dering misapplication of manipulative methods were at the bottorl. of the Incident, On this suppositioa 1t stock up to s1 came not from fright ened shorts. but from the speculative party which has managed the advance. An operator short of the stock. unless exchange, would not have had time to execute buying order on the ad- vance. so quickly was 1t followed by was not the fear of losses snd danger of failures likely to be caused by the operation of an ordinary stock cor ner. For the wider and Indirect con- episode. there Was a feeling of anx-
 The matter having taken on the proportions of q scandal and the it Ssn. dur ing the day in the work. the subject was kept in conspicuous place in the days events. It was remembered that tigation of exchanges had secured as- surances from the stock exchange au- thorities of their confidence in their ability to control and prevent fragrant <.nsxx fx<r. Ia t.r. xAh T<x1 <r h a
 1a o Bro1n ans Ss' compsny aa ssa a fsiiSre ha in 1903 and to the appointment of the State committee. It was the charac- ter of these assurances that influenc.. against attempts to regulate the abuse by legislation. The fact that these recommendation are still in the hands of the Governor and subject to further action, increases interest in the matter on the part of the stock market element.
 From Washington also came re- port that the Federal authorities were showing renewed interest in the ques- tion of possible regulation of .specu- lative dealings in futures. This was accompanied by fntimations of an ear- to c9nngress Gf the se spe- ing with proposed measures for regu lation of corporations. a These considerations and continued
 Rspt IIl the ns stock a marRet easg tions under restraint. This restraint. while keeping dealings small, did not depress prices. The small harm done by the Rock Island furry yesterday was made a negatively favorable in- f1uence as demonstrating the strength of the speculative position. Expecta- ton of relaxation in money markets after the turn of the year persists.
 Individual stocks advanced briskly from particular causes not always specified. The coppers were strong and were influenced by the rise in the London price of the metal.
 The quick sale of the Delaware and Hudson refunding bonds by the bank CTS who took them from the company made good impression on the inl vestment situation, although the gen erai bond market continued dull and unresponsive.
 The failure to settle the switch mems strike on the Northwestern roads was discussed without causing any sign of apprehension in the stock market The grain market cts. however, were affected by fears of delay in de- liveries.
 Bonds were irregular. Total sales. par value. s3.779,000.
 United States bonds unchanged on call.
 CLOSING STOCK LIST.