The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-06-03
THE STOCK MARKET

New York, June IA check came to
the advancing tendency OF prices to-
cay aitnough the action Of the mar
assrs e rise ssi but IN
heaaing especially has under quite Sc.
we're pressure and the appearance OF
some important LIQUIDATION that stock
the whole list. Another center of
strong sentimental influence was Unit
ed states steel in which the recent
%a q r rna sns e. gave
ward rush to 61 Ia in the finaI hour
.n ts q strong restrictive influence on
the whole list. The volatile extreme
caused fears OF probable cuimination.
Foreign securities markets seemed to
wake up today for the hrst time to
the Importance OF the listing Of the
Paris course and this topic was the
sensation of the Paris, Berlin and In
some son degree, the London markets.
nspe vas =, lacking any detailed de-
in the Paris operation, but the inter-
yention Of syndicate of trust to act
e. q holding company In France for
issue against this holding its own
certificates was assumed to be the
course Intended, such certificates sery-
Ing as the medium OF opinions in the
ration shares themselves. Aside from
the strong sentimental influence on
the value OF the stock of this import
Grating in the new field would have
involved an Important accumulation of
the actual holdings of the stock. The
withdrawai OF the floating supply OF
proved to be involved in the syndicate
holding would go far to explain the
extraordinary strength which the stock
kp0 Afr~x mt<< IL -. -
ed upwards to a new high level late
In the day the strong sentimental in
fiuence was exerted In the recovery In
the whole list.
The uncertain tone OF the market
was aggravated by the heavy ton de-
veloped In the bond market and the
fear thus engendered that tne market
sues The action of the Atchison is
sues in face the announcement of the
new Atchison convertible bond issues
was regarded as rather suggestiee.
issues ran of, although the privileges
at 100 for the new bonds represent
valuable rights for the stock, based On
ibie issues p For lT soms me time past Sss the
securing OF bew capital on advantage
Gus terms has taken as n reason Tor
ssdysG6cins the price Of the stock af
response might mark the waning OF
this influence
A. good deal OF attention was paid
to crop news and estimates, OF private
exports coming to hand were taken as
foreshadowing a poor showing in the
government report Of conditions looked
for next week. The weekly bulletin
OF the weather bureau was not caicu-
lated to aiiay this apprehension, indi-
eating a persistence of some OF the
unfavorabIe climatic conditions. An
other marking Up Of the price Of rour
out OF the scanty wheat supply. Fur
Their reduction In freight charges on
Import traffic by the trunk line rail-
roads were disliked as threatening
spread Of this dispute Into other de-
partments OF traffic.
The making up Of the price OF copper
did not prevent the copper industriais
figuring conspicuously IN the early
reactionary. movement OF prices. The
engagement OF a million dollars in
gold for export to France was not
much needed, the plethoric conditions
of the local money market being as
much feared as 1t is approved.
Bonds were heavy. Total sales par
value $4,6se.ooo. United States bonds
were unchanged on call
CLOSING STOCK LIST,