The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-09-16
MONTREAL MARKET
CONTINUES STRONG
Upward Movement, Begun Ten
Days Ago, Spreads Over En-
tire List of Stocks.
PAPER SECURITIES LEAD
General Feeling That Labor
Situation Is Clearing Cause
Of Optimism.
PAPER SECURITIES LEAD
Special Correspondents to the Canadian
Section of THE Sum.

Special Correspondence to the Cdnddian
Section of THE Sum.
MONTREAL, Sept 1.-THE feeling of
optimism which developed In the Mont
real stock market about ten days ago
continued very strong throughout the
past week, one of its most notable evil
dences being the fact that the Montreal
market continued to rise during day
when the New York Stock Exchange was
closed, a state of affairs which is usually
the signal for hesitancy and marking
time on the part Of Canadian spectators.
The upward movement was eventually
spread over the entire list of stocks,
although the Steel group did not par
ticipate until Saturday. The movement
is headed by the Paper securities, whose
possibilities have evidently been just
realized by a large section of the
Canadian and American public. The
demand for several Of these stocks was
SO keen that it had to be satisfied even
at the expense of a rise of about 10
points in two weeks in the case Of
Wayagamack: Q points In a week, In
the case OF Laurentide; a jump of 10
points in two days in Price Bros. a
rise of 9 points in a week in Alb .tibi,
and more moderate increases in the rest
of the paper list. Natural reactions
took off the top point or two in several
cases before Saturdays close.
1t is difficult to assign any immed ate
causes for this activity, which Is really
an overdue result of developments in the
paper trade which have, been known to
insiders for several weeks or months
It Is probable. however. that careful
study Of the decision of the Paper Trib-
unal had the effect of reassuring inves-
tors as to the safety of the paper COM
panies position on the domestic market
The feeling of optimism spread from
the paper stocks to several other classes
of induytrial stocks. Ames-Holden. in
spite OF the inaction Of the directors
on the subject Of the deferred dividend,
showed a rise in the common stock
Of over points and a small rise in
preferred. Atlantic Sugar rose 5A
points. The Textile securities shared in
the improvement, though with very little
activity, Canadian Converters and Do
minion Textile each putting on few
points. Cement closed somewhat weak.
Canada Steamships was active and
achieved a rise from 81 to IS. Canadian
Car and Foundry emerged from its In
activity with an Improvement from 81
to 40. Saturday developed demand for
Gamers War bonds were active, but
by no means strong.
The whole stock market closed very
strong and cheerful and there appears
to be a general conviction among trad
ers that the labor situation both in
the Univ.d States and Canada, which
has for some time been the one threat
ening element in the security market.
IS now fairly well cleaned up for this
year.
1t is to be noted that all of those
rises were effected upon comparatively
moderate volume OF trading. which seems
TO Indicate that purchases are being
made and have been made for some
ime past mainly for investment pur-
poses and that holders are not easily
induced to part with their stocks even
for very satisfactory reasons. stock
brokers report that their business at
present is largely for clients with heavy
margins, or DESTROYS Of actually ur-
shasing outright.
The best available Information Is to
the effect that the steel merger, though
temporarily abandoned as a market fac
tor, is an assured certainty for the near
iuture, and upon terms which will make
Steel of Canada the best bargain of
the present market The week end s
,eayy transactions in Dominion Steel
IRE not to be explained by any devef-
opments in the business outlook, and
re thought by many to indicate an
fort by the interests favoring the mer-
ger to strengthen their position in this
ompany
The following table gives the total
sales, high, low and last prices and net
changes of all stocks and bonds traded
in on the Montreal Stock Exchange for
ho apdad Sent IA: