Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-15
DESPITE BUSINESS VOLUME
Days Dealings Marked by Notable
Irregularity.
UNION AND SOUTHERN PAcIFIcs
Central Figures in the Operators
Minds-some Railway specialties
Marked Up Quite Rapidly.
Special Dispatch to TIE Star.

Special Dispatch to TIE Star.
NEW YORK, August 15.-While there
was a great increase in the volume OF pusi-
ness in todays stock market in comparison
with recent totals. and while large num-
Der OF ordinarily dormant stocks In various
quarters of the market came In for an UNI
usual amount of attention, II was neverthe-
less true that there was really a very In
different distribution of interest apparent,
and that the days dealings as a whole were
characterized by no little irregularity.
1t might be said indeed. that the transac-
lions in Union Pacific and in Southern Pa
cific quite overshadowed those In the re-
mainder of the market. notwithstanding
the extensive movements and considerable
activity observed in other instances. Union
Pacific sold at the highest figures 1t has
ever touched. and Southern Pacific approx
mated its record quotations also.
The course of these two stocks, it is
hardly necessary to say, was based al
together upon the belief In some quarters.
and perhaps the absolute knowledge In
others. that the dividend on Union Pacific
would, at tomorrows meeting or the ex-
ecutive committee. be declared at rate
equivalent to 7 per cent yearly. and that
within short space of time dividend pay
ments. and perhaps other benefits would be
accorded to the shareholders Of the South
ern Pacific.
So great was the conveyance Of interest
upon these stocks that little room was left
for common upon price movements else
where in the market AS already noted,
these were marked by considerable irregu-
larity. some stocks making sharp gains.
while other active issues showed plainly that
heavy selling of one description or another
was in progress Apart from the so-called
Hartman stocks. the strongest features
of the railway list were Pennsylvania,
Atchison. Rock Island and Reading
In the Railway List.
Some of the railway specialties were
marked up quite rapidly. cases in point
being ST. Louis and Southwestern. Kansas
and Texas and Wisconsin Central. Else
where price changes were comparatively
limited and highly irregular.
The traction shares were generally steady,
with Brooklyn Rapid Transit during the
greater part of the day ruling well ABOVE
yesterdays average prices.
Transactions in the industrial and miscel-
laneous issues were characterized by the
same general tendencies observed In the
railway list.
heavily dealt In they displayed decidedly
sluggish tone. Amalgamated Copper was
strong. the dealings in that stock being
doubtless stimulated to some extent by TO-
days advance IN the dividend rare on Cdiu-
met and Hecla.
Other dividend announcements during the
day included the declaration of SO a share
on Standard OIL the same rate declared IN
the corresponding quarter OF last year. so
far as the general market was concerned
there was the same absence Of news that
has, generally speaking, been the case
throughout the months advance in prices.
The commodity markets were again
heavy, rejecting no doubt the very crafty
ing outlook for the crops but scant at
tention appeared to be paid to that cir
cumstance.