The Montgomery advertiser., 1909-11-27
THE STOCK nIIRKET

New York, Nov. 3ss-rhe opportun- fly for contemplAticn afforded by the Thanksgtvtng holiday seemed to have resulted h an almost entire disap-
 ss o d.san sss ss. s.s. ss unsettling influence in the stock mar ket throughout the present week. Prices of Americans had been lifted smartiy in the London market in the intervsi and New York accepted the added something to the gains in the course Of the days transactions The volume of those transactions was not large and the speculative tone was msth of the snxistiss of the earlier part Of the week. The abatement of uneasiness over the effects of the standard Oil decision was owing to large extent to the revival of credence In the pr4ject to consolidate the lead ing copper industries. The constant gatherings of Influential copper men In company with the bankers credited with the authorship of the project forts to work out the combination along, the lines followed by the fin- anciai minds in the formation of the United States Steel Corporation. Unit ed states steel itself felt the effect of trust decision. There was a resump- tion at the same time of aggressive operations for the advance In Read Ing. with reiteration of long standing
 Ss Of Dss ps a of sss ass "concealed assets"
 An effective leadership was thus afforded for the upward course of prices Some irregularity attended out out interrnptions. Renewed @ weakness in New York Central made on such interruption. Pennsylvania showed some sympathy as being similarly sit- uated in the prospect of addition to d to this si kind of % msnifestation, Hss ow- ing to the large capital requirements that are to be met shortly The large stock and bond issue recently an- nounced have provision for payment turn of the year. This and the be- lief that other issues impend. Is re- sponsible for an. opinion that the mon- ey market is likely to be held at after the usual period of relaxation The estimates of the weeks currency movement show a decided reflux of funds from the Interior to New York, ment Which s ene o' the frst ssns of relaxation of the money market. The high premium to which New York exchange at Chicago has risen In the Yt ttttS elftNAh0 epS St%toa~S As- of New York having run apparently to over s6.0000o0. The demands of the sub-treasury and the shipments last Saturday of gold to South America have to be reckoned with in the com putation of the net effect on bank re- serves which promises, for that req son, to be small. The loan changes are In doubt. but the continued de- mand for remittance abroad suggests that some foreign loans have been paid off. which the local banks may have been called upon to take up. The strong exhibit made by the Bank of England was reassuring factor in the money market although the retention of the official discount rate Is read as an expression of continued distrust of the political outlook as shaped by the budget controversy. The sudden rise in the Chicago. Rock Is- land and Pacific Railroad bonds, se- cured by St. Louis and San Franciso stock as collateral, gave corroboration to the rumors of a coming Association of these properties. The price of all securities concerned rose on this pros pect
 Bonds were strong; total sales par value s3.es2.ooo.
 United States 4s registered declin- ed 1~s per cent. on call.
 CLOSING STOCK LIST.