The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-07-22
GOSSIP OF WALL STREET.

$50, 000, 900 Panama bond iaa,,a tba honI
market was as low and dun al n had besn n
clared vytb ~ ous uoao. oono aesieIs 90
the handa a, 1890 go suppy Donas !.
buvinr co,nn. wv 'eIy ntto ontsia'
around tho straat vlth ,,t.,. issv mere aica,nt
and many hond 80 49, nuyLas q. iVsr
couldn' aosra snn h"m~." snas .he.
tbrowino IN ~. raa nMn 1uue.nont ~
were 10 he ,o-so wa.r '9so. nov y wnel
NOT as oood -. ~. ,o,o. "e y .hereior'
oot m go. .rs .vSos' ies the SECRETARY
infsrin- 10 49, ioe's lor an issue OF ponal
when n. .tortsat =. ~ senihs ~ 'oo'
o''poee"i hs wares
The Government proAted- Ia the ertent al
81, l25.0 900 from premiums on the lssues. and
Judging from the talk of q large number o.
bankers yesterday there isnt a prominent
Ia The ant,"n =. ~ WY % Ieluo1ohe 70 asoI'p.
the nroat sna tn vno aeey ialso pe1s .,
he Want 20 80, ~ Isa oneu. tno'eiot. ~. l
Aoia, n.rtst ,nr ~ ho.S. .s..ia ~. a.
aaid dotrao. go oo o ~. ~, 'ney
every NEAR. ~ mn. ~ o.eo s u Mn 40.
enno,nosd =. : w.
800 IL - = We opeh wy epove
thst'h. wes aa,~- ~ ~ eu" ~ = .
sihI. IL - W 80 = oess p,,1e Pc
hut hs uoo 1870 snI ~ s'w 10 th.,n"inaA.eeu'
bodv and ~ hids.ra n.,aiun e.sn' - e,.'y-
,n,st han. ~ 80 ouHn . .naV Shey
wo,id a.. 80 :. -. W NNN
~ "e' N"'' .eHnIs ehs y Ii i''u''
The secretsrv set , d.v ,or ~. -,.,a-.x.,
OF the sIo oOo nm denoaita n,a osd IN h.nIs
last snrlnv and the a. n.s A. 80 az,
| Of openIn9 The Kids for tbs honds he orsstsa
forty or eftv nav dsnositaris. H. ,ntsr,or
cities, but thew m,st have Governm.nt honda
10 secure tine deposits. he notined banks
.ha' tne new loan law wound DO strictly en-
iorceo' ana tnus put II up TO many institutions
seriousiy 10 consider Increases In capital.
nc was rigging the market. some critics
aeciareo, IN a way that would be scandalous
STOCK loon'ng II private bond dealers did 1t.
inc secretary simply reiterated to bankers
that IL they wanted bonds they must bid
more than 1857. he was out to get at least
tnat inquire ana meant TO succeed.
III. .roo.s. ..,,.-. s.. ...a
The nover ~ ~. Traa.ur ran."sIS
values nndsr Lava aIsina ~ saa.ra ~.
RIGHT n nlaoa Gov.rnr,an nenor ~ n.anaI
banks whenever and whersysr he cnoss
IL was another ana most Significant instance
OF the power OF the treasury as q private
banker. they added, but the exercise OF the
power In this instance. even though 1t further
depressed the general bond market. they
did not care to c%ritioise. Grant that the
secretary was rigging the market" said one
OF the most prominent bankers OF the Street.
ne wat rigging 1t for a good purpose. The
pronts OF the manipulation went to the Gov
eminent and not, as In the gold Import scan
dial. to the largest speculative clique In tho
Street. II. In the future. use Of the Govern
ment funds is directed solely to the same end.
the Secretary will have, as he has in this case.
my heartiest congratulations
The stock market yesterday. in the opinion
OF we'll informed brokers. was particularly
encouraging to bulls for the reason that for
about the first time In more than a month 1t
responded favorahly to good news. Previ-
ously Increases In dividends. successful flota-
ton Of loans or conclusions of important
deals have been followed by declines until
the bears laughed at this old time favorable
ammunition Of the bulls. But yesterday,
though the advance In most Issues was only
fractional. nevertheless 1t was an advance
that followed the news Of the success Of the
Panama bond issue and a very good bank
Sno,dnnt shorsd a ,,,rninn noint IN san.Ino.,.
80
Union and Southern Pacific were the leaders
Of the market both In point Of activity and
in the persistency with which accumulation
was carried on. In the number Of shares
dealt In Reading rivalled Southern Pacific.
~. a.. mo -. -. ".a san
dinidond nnt,on an Sortha., panisa 80 60
$1,000 IN, ~. rata,on ITn,on psoJeo
nnrrad .nd tho tr.dsrs No a r,,i. wa-. IN
~ "a e.; nr.d,t than IN ~ tbaorv that ~.
.a,nIa- t.,,s tha tala In yisw -, ,ha I.rns
.arntnos'n ~ Nth svstams thera ia nnth,nn
80, ;nnrohah,. 10 tha .tor,as .Ithn,ah
,s,o-o NJ elton mav nat cons . .oon 81
-. 60. 1900. ~ no
"o -
Transactions In tho two hours trading
amounted to S2S. 600 shares. as against 2l0, 100
sithar h'vine or ssliIns ,%aoIitarv shsrs q,
49," a nroninant Could .tocLs M
an...a .n,vitias w.ra Woh.sh IT,.
p.s,eo a,d wastsr," Irn,on n .ro,har
iaadina Gould ,ss,;e M,s.ouri pac,ac thara
nar. h,,t tbree transsctons and thssa 'usro
in lots of only 100 shares each Il could
have made as much money" remarked a
aneciaiiat In the Gould iss,es ~ had ataved
down at nv home at Bath Beach this morn
Inc and neddled ham.
-, -
II. like the other Pennsylvania subsidiaries.
Baltimore and Ohio. Panhandle and Penn
s~yivanla Company. Norfolk and Western Ia
to be blessed with q dividend increase, nobody
seemed to be aware OF 1t or to care Tor 1t
yesterday. The STOCK was entirely over
looked In the trading.
T,,n,,. ,ce,tro, remeinad ,n.,t,v. n,t !,
to- hoso-s The heli rane somshodv thsn
III m shar.s - "a ,rchon,ad erono Er,aa -
"au,n~ Tha ss,. cane ont M tha ,ama
exactly IL O'CLOCK. II the nsht Tor control
of Illinois Central instituted by T.. HI. Harri-