The San Francisco call., 1905-08-25
49, yorI- Stock Market.

A-7r vOpK Aug 24-The faith of large
part OF the financial world in happy solution
- The uroceedings at Portsmouth seems 70 be
- errore that il ignored all rumors Of an
other serious hitch In the negotiations to-day.
TIE issues which came In for this distinction
5pcir5ed three OF the market leaders, namely,
Union Pacific United States steel, preferred
and Reading In its attitude ehe locsl mSrKss a.st
had the open encouragement OF Lonoon ana
other European financial centers wnere Annerl-
csn securities with but few exceptions were
generally strong. Aside from the SITUATION Al
Portsrnouth other considerations, such as ia
vorable weekly returns by the bank OF Eng
LAND and the Bank OF Frame were impei!lns
German banking interests took large amount
of Pennsylvania, which IL Is authoritatiVely
stated is 70 be listed the Berlin Exchange
Pennsylvania was the most conspicuous Iea-
ture at the opening, which was broad Inc
stock advanced easily on heavy trading gain
fag not quite a fuu point AInaIga1haleo Cop,
- shared honors with Pennsylvania and
Greater gains on smaller transactions were
scored at the outset by LOUISVILLE q Nasnfllie:
COLORADO Fuel Metropolitan Street Railway and
some less prominent issues. Prices yieined
.ovoe on heavy profit taking shortly after the
sol-.e s. +b,1-st ~ Union Pacifc Missouri Pacific
81 Paul, Reading and Atchison falling be-
low the previous days closing prices and the
tone OF the market became relatively quiet.
The movement in Pennsylvania found many
followers however. and commission houses and
traders bought this stock, also Southern Rail
way aud the United States Steel Issues IN
sor Pacific soon recovered more than its loss.
The strength Of this issue is partly explained
bv the near approach OF the closing OF the
transfer books which may cause the calling OF
a Iot Of stock now out on loans. II was not un-
~ afted midday that Reading once more
elroed the leadership. advancing rapidly
heavv buying OF the character heretofore
noted from 1less. its low price Of the morn
snr 10 122A, a new high record For
tir1e Al least, the balance of the list showed
littie sympathy with the renewed strength
of Reading and the market again developed
an irregular tendency, until Union Pacih es-
t<fished It's new high record from which
attention was again diverted by fresh rise
sn Reading 20 125Z. This sensational move
rnent created fears OF corner and unset
tied the general list 70 the extent Of wiping
or practically all Of the days substantial
gains and IL some instances sending prices
below the previous days close Reading made
e net gain OF 80 points. Amalgamatsd Cop
per made q one-point response TO further
rise in the price Of the metal, the third
fral decline. An advance Of u cent per
pound IN the price OF lead failed TO stimulate
National Lead shares Close observers re-
rorted considerable realizing throughout the
dav under cover OF advs noes in Reading and
linton Pacific, but under the scare created by
a. final movement IN Reading offerings
freely absorbed. The volume Of business
again very large. making he third consecutive
dsy Of transactions well in excess OF q mill
lion shares
Bonds were irregular. Total sales. par value
Sc, 10000.
cali.
New York Stock List.
Z r. Hutton & Co. z9O California street.
San Francisco, members OF the New York
stock Exchange furnish the following official
quotations OF that Exchange:
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