The San Francisco call., 1906-08-22
New YORK Stock Market.

NEW YORK, Aug. 2l-Trading on the Stock
although somewhat below yesterdays large vol
ume- The market manifested a broader tone,
operations embracing a number OF minor issues
in the railway and Industrial groups. The Har-
Emen stocks were again decidedly active, with
tendency toward beavineas, the result appar-
'caese produced & similar effect among certain
other issues which were prominent In last
creased dividends in DuEnber Of issues, name
lT' Atchisou. Reading, Pennsylvania and the
Gnoouhced by the Federal Mining and Smelling,
centrol Of which is held by the American
smelling Company, and by the Republic Iron
ano Steel Company. The disbursement by ne
lrtter company was In the nature OF deIerreo
payment on the preferred stock. lnaieauons lois
pointed 70 awakening OF interest on the part
- the public. but this interest has not YET as
sufaed sufficiently large proportions TO De reeh.
Oned as a factor Buying orders were once
more numerous az the opening, ana from an , ae-
counts stocks were vel tasen see, ior ,bers
was an absence Of the previous Gay wac
openings The opinion Of shrewd Observers was
time and a moderate reaction looked for
Tie money situation came IN for more serious
consideration. the rate for call loans advancing
and 70 9 per cent IN the final hours; when the
tfcallr an orer-vear loans negotiated at 8
per cent The confirmed statement was made
that one Of the prominent insurance companies
Lad avafled itself OF the boom 70 unload some OF
ifs securities and other selling OF ike sort
was reported Al ustration oI me speectssdises ordse
br the formation Of a number OF pools In STOCKS
which but recently were regarded with eus-
nlrion In fact. the utter recklessness with
which, most OF the trading was conducted was
ferllaDs the most favorable feature OF the DAY:
A sensational rise in Great Northern preferrea
was accOmDanied BY reports that the oeai WITH
tie United States Steel Corporation Tor posses
sion Of the Hill properties IN tne NorlnNeel
was in process Of consummation. NO connrma-
lion OF tie story was obtHinoble during the mar
ket eeesion The great bulk OF the days Dusi-
ness was made I'd OF half dozen issues. Anal
eemated CopDer Colorado Fuel. Great Nortnern
freferred Pennsylvania. Reading AID Union fa-
were made IN the course Of the Gay, Dul .neIs
was a marked decrease IN the volume OF Dusl,
ness In the late session This was atIlDutee
~ mart 10 reporfs Of ssavy floods IN Arizona ana
Sait,,eT- California though these were %areF
round 10 De exaggerated. -.
me closing was active and weak nans :.
.te DAYS rains being wiped out and numDes
of net loses established. Doncon wnicn ISPSi 80 see
4 reactfonary tone for our securites, Ihoeo &c
fiveiv on both sides here. purchases and ssies,
the latter predorn mating amounting 70 aoO.e ss
81 600 Shares. Local monetary conol olli9ns a.s-
Close a loss BY the banks 10 the SUD
inns Ear this week OF about s4,oOO,OOO. tne ny. rs
euit chiefly OF Panama bond payments, 80 Ane e
Suls treasury made q transfer OF Sz0y.VU- 20
New orleans and reports from tne Aleoie < +hst
. e,,-eerf Increased demands the banks OF tnat
section for crop-noying purposes.
Rnilroad bonds were irregular. Iotal saies'
In e;sSrernrenf bonds the new IS advanced y
per cent call
New York stock List.
zGsas ASsis.a a'psso Copper. .isaioO iioK i0 is7%