The San Francisco call., 1906-08-25
New York STOCK Market.

NEW YORK, Aug. 24.-In the main, today's
stock market was largely repetition Of the
previous days Pretty much the same stocks
were used as market leaders. and for the
resulsrity prevailed. 10 round out the analogy,
trading was IN almost the same proportions The
especially prominent in the recent activity, such
as National Lead and international Pump. but
Hartman issues was again the most prominent
feature. These stocks, together with United
movement, the Hill issues, Amalgamated Cop
Per, Atehison, ST. Paul and Reading comprised
the bulk OF the business.
IN fact sales Of Steel and Copper overshsd-
owed all else in the hnal hour. Fears Of furry
20 can loans, which opened st per cent,
seemed 70 vanish IN the early afternoon, when
prices were at their highest. Forecasts show
nine million dollars were received with appRr-
ent Indifference IN spite OF the low state OF re
serves and surplus. Those who had looked for
some measure Of financial relief from washing
ton must have had their hopes rudely dashed
by the procurement OF the Secretary Of the
Treasury that present conditions call for no
Government assistance.
The early boom in Steel bore all the ear
marks OF yesterdays open manipulation, and
was accompanied by runors that large pool
trial centers 20 accumulate the stock.
The Increased dividend rumor in connection
lated, while Teiled suggestions Of a further
distribution IN Union Pacific were given as the
reason for the new move IN that issue. This
early afternoon rise. but trading fell OF
70 very moderate volume and the effort 10 sus
tain the market was for time abandoned The
market gathered fresh impetus in the last hour
when csl money fell 10 3i3 per cent In spite OF
the popular belief that the bank reserves on
The known movements Of money would probably
show oehcit tomorrow. The bull element trot
ted out old rumor sbout this time-the pur
chase Of ST. Paul by Southern Pacific St Paul
sold within fraction Of its high price Of the
week and the buying today seemed 10 come
from brokers frequently employed by Hartman
interests Much Of todays trading in that stock
believed 70 be account of belated short
interest The sale OF q small block OF Ameri
can Express stock at 26o, the highest price In
four years. was feature Of the special group.
The market grew dull II the late trading, with
no marked tendency IN either direction Prices
had yielded fractionalT. however, and the mar
ket became almost inert. In the last fifteen
bound-in the Hartman stocks. which were hesF-
Ly traded in. Union Pacific went 10 1874
new high record-and the Southern Pacific TO
e2ek, q fraction below its price. Steel common
also Esade & high record for the movement
at AZ and the remainder Of the list improved.
was absolutely no news 20 account for the ad-
vance other than expectation Of gold imports,
and previously stated, intimations Of further
dividend disbursements in Union Pacific The
closing was active and strong. American sc
curities held we'll, while the general market
seemed undisturbed over the probable changes in
the Cabinet. Time money frmer and IN
again going with most ninety day and four
months loans, while for over-year accommoda-
tions the rate was equivalent 70 per cent.
Bonds were irregular. Total sales, par value,
s., l65. 900.