The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-14
GOSSIP or WALL STREET.

~ '
Commeros CommIssion ~Sonid soon com
mence work on a report covering hisInvestiGa-
tIons into the relations between Union Pa
ciac and the Union Coal Company, which, IL Is
alleged. the railroad owns. The inv estIRatlon
has been under way for several months. and
a. no time has Il been regarded as matter Of
market. import. Mr.. Proutv's report when
ready will be sent to Congress, the investtRa-
ton having been carried on In response TO
the Gillespie TilmAn resolution under which
the relations OF Eastern roads 20 coal COM
panies along their lines has already been con-
cluded. Probably the recent ru mors about
a Govern ment suit 20 contest Union Pacinc's
right to the land grants represented q blend
ing Of the coal Investigation with another
matter OF no CONSCIOUSNESS whatever. wEen
a stocE n ~.rsraTr. and.on. - ~ a. in this'
instancs q hs. 81 Az ~ .ora,hins a. oId AZ
tn have almont drained out of memoir.
-
Union Pacific was conspicuously strong
among American stocks In London, but the
poor showing made on this side suggested
that local> operators had impaired the
strength to the foreign market with q view
70 the eject on sentiment 80 that ad-
vantage might be taken OF this for further
liquidation. IL vas comparatively easy TO
brace up the price OF the stock In London.
where tnemarket wasnarrow even Tor Sstur-
osy'
A rumor credttinG to James j. Hill q predic-
tion mat Steei common would cross the pre-
Ierred within year mas recently gained circu-
lation. There 10 strong reason TO doubt the
authenticity OF this story. MT. Hill has
always scrupulously refrained from making
predictions on the stock market. he may
give hs opinion as 20 the value OF O property
or OF q stock. but OF the probable course OF
the market, never. There ID no doubt a. 70
Mr.. Hills appreciation OF the investment
value OF United States steel. but that he would
attempt to forecast how long 10 might take
the pubic 10 recognize the stocks merts
or make any predictions involving the tempo
rary conditions which might interfere Win
the markets. Is extremely ooupt-
ful. to say the least.
.D,,. n, ~. 6s.vv D-s..,r. an Uritsd
Co. CO. on~mna ~. $500 w.. taL.r.ir
~ne ~ ". 49, - - oowooSad arsr
10 Nv, h,II;sh ~ ,h~ .,ocL
r. ny ~ .h~%.d sawsrr.S NE nnvs- ~ rssIst-
ance considering the extent to which the
speculative bull account must have been
increased on the rise during the week. As
in the best Informed circles the belief is pretty
generally entertained that there will be no
AZ. ~ ~ 800 h.coynos Ill
az 800. sisnIecon ~ tbs cheerful Teelin1
Sn.rt.ir.S - 49, onsrtsTs a. to ,hs rutIre
30 ~ nrnnar~
' -
For several days Reading has failed TO re-
spond TO the optimistic predictions regarding
II, and there is reason to believe that some
large speculative interests have marketed
a rood deal Of their stock on tho strength
Of reports concerning the present prosperous
condition OF tho property and its future des-
tiny. Yesterday the tone Of sentiment
changed in some quarters where optimism
was particularly rampant a week ago and in
stead Of a vertical rise 'rto.I1 a perpendicular
urop Oou - nNnI. AZ 80
NaS spoNo - -
mae tooo.Snu ~. .uunm go 49, 800
why " oAI 10. n.aon.Sar.o
souIoe snoutu TS.cn n.-n 80. 10
uon ~ 800 "a
UHSS's IN SoSun-ND..G - r~..s.tnaJ
nIn.Cncsoo - 80" ..nsS 80 49," III,
tne moNelnenIs ~ w y ..-S
70 EeptessIt = Soa.I.s
INC ken s -. .a .oonr,tn
'"o 'aN '"- ~-N"4 $500"
When q market becomes utterly profess
sional, IL ia. Of NO great moment to investors
whether the talent are working for a rise
one day and a reaction the next.-or vice versa.
The game may fattep while dog eats dog"
BUSINESS IN AI0nsyn VS. 80, u w.
dinclosed q sold out oonditI lon. There is still
q large short interest in this stock. put out
at the time Of, the Observation-Disclosures in the
belief that on as per cent. basis the price
sn0Hio u,SH 20. sSvsrnins xsh,s That
W H., - 80 annaI 70 fnIIv ,9L
a ~ .hs. ,his -aar
pHa .rnn,ns m.tsriaiIv hish.r givino
tAey snrni,. 800 mr. AZ rsr cent
pNsWaSI. o. 81. inn,or s,ock from the twslvs
Nnn.h. h"",ns.. WITH sncb 'rssuIts I,chLo
"Ono.ns", ~, cent RATE next .nrIne
W