The Montgomery advertiser., 1909-03-30
THE STOCK MARKET

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 market today fulfilled the promise oi | wider speculation which was oon.
 tained in the sudden revival of sst,
 urday. The effect of the rapid ad.
 was to bring in . large increase oi orders for stocks today. which were executed in the market with many symptons of speculative extreme. l up by noon to half . million shares thus rather exceeding the recent av- craze for full days business. Bro their hands when the market opened for purchase of any where from . hundred to Ave thousand shares of reported on the floor. Moreover, these orders were for purchase "at the market in some cases. that is, with out limitation on the price.
 ble for the buoyancy of the opening prices. first quotstions in United States Steel and Union Pacific being wide: or at simultaneous penees vary tributed the influence. of the definite settlement of the dispute between Austria and Servia reported in the morning me dispatches. This relieved from weight of depression and com bined with the brightening money outlook to stimulate speculative re.
 The effect was seen in the receipt Of large orders for the purchase of American securities in New York, es- inmates of London buying for the day rurrnniing rnis from 7s:ooo sor. to ieo:ooo shsres. strength of the market, and had a pronounced effect on the foreign ex- change market. rates for exchange on der ss. of esy :S s.sas assns purchases. The question of further gold exports was thus definitely set
 Discounts receded in all the foreign money markets, presaging the expect ed accumulation of funds which will follow the April settlements and the the Balkan settlement. The specula- tive element continued to lay much stress on the early return to the fin- ancial district intended by. E. Il. taken place between that gentleman Attended President Louis Hill. of the Great Northern. The Hartman stocks were prominent features of strength. highest price on record. while Union Pacific touched a price within a small fraction of the highest made since the panic. Another factor in the strength Washington of influential efrorts be- ing made to expedite the program of the tarin and the hope thus aroused that this matter will be disposed of ct an early date and removed as a disturbing influence. There was much danger Of anthracite labor out look and the professed belief that a costly conflict would be avoided was helpful influence on the whole mar ket and on Reading in particular.
 News bearing on the advance did not extend much beyond these points and the technical position as reflected in the long passive resistance of prices to apparently depressing factors was the principal most relied upon At the advanced level of priyes today there was very heavy selling to real ize at all stages and this had some ultimate effect on the rise. The ab- sorption power of tn emarket, how. ever. was impressive and this sus- tained the undertone of confidence in the speculation. Advances in price of copper and lead were announced dur ing the day. Reports from the steel trade indicate that in spite of the dull ness Of that trade in general, orders for structural material in March were the largest for any month in the of the trade.
 Bonds were firm: total sales par value $5.79s,000.
 United States bonds were unchanged on call.
 CLOSING STOCK LIST.