Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-08-21
NEW YORK. STOCKS AND BONDS
Tone Of MARKET Strong and Trading Aggre-
gates Nearly The, KillOn shares
HARTMAN PAcfcs LEAD The ADVANCE
Atchison, PennsyIvania and Reading
Are Also Higher on RumOrs
of Increase in DivI-
bends.

NEW YORK, Aug. 10-with trading In
enormous volume, saIes aggregdtlng z,sVy,0.0
STOCKS was resumed toasy. InrOugnout tie
session the market was extremely acuve,
the tape being fiom to 10 minutes b. h.na
time IN recording transactions. 1he zone
as generally strong although neaVy D. ont-
taxing IN certain Issues, notably The Harri-
man stocks, caused some irreguiarity.
Ihe greater part OF Inc day operations
was of professional character, in spite of
attempts 10 create contrary impression.
As matter Of tact the wild character "a
me trading was in Itself sunlcient to Keep
the public out of the market. Interest from
the outset conferred around Union Pacific
and southern Pacific which led last week
remarkable movement. Both Of these issues
mad wide openings, southern Paclnc, soon
advancing to high record ngure. There
were heavy initial transactions IN several
other issues, including Amalgamated Cop
per. Commission houses reported a large
accumulation of buying orders from out OF
town. The action Of the Hartman directors
last week was still the principal subject Of
discussion and comment thereon was, II
anything, increasingly bitter. With Atch.-
son selling at the highest price in its history
on this stock would soon be increased.
Later, when Pennsylvania and Reading be-
gan gan 70 LEAD ,n the market noyementI rpmor
definite news developed on these points, IL
Is clear from the long chain of recent events
that the interests which control the dest-
MES OF the great railway and Industrial
enterprises Of the country arc supremacy
confident as to conditions for some time to
With the passing days less is heard az to
the possibility Of monay stringency In
connection with the movement Of the crops.
However, money, both on time and call,
manifested hardening tendency today,
numerous over-year loans being reported at
6 per cent, while call money loaned In
to per cent before the close. Advices from
London suggested an absence of any urgent
demand for gold by this market. A large
RI ncf rr1rn ant of fhn Afo1 rNNd Mt
center from South Africa was reported to
have been taken by Russian bankers There
were the usual optimistic reports from the
systems, some OF them forecasting year or
more OF record tonnage. Briefly, there
seems to be nothing di in the history ,S OF
prevailing demand for transportation space
as for crops, weather conditions were all
favorable to further improvements, indica-
tions pointing to bumper yields in every:
| thing except oats. In the late session of
the market the movement shifted TO other
issues, such as the Hill stocks, st. Paul.
Illionis Central, Sugar and Brooklyn Transit
| The squirt in these issues was probably de-
signed to cover further realizing for prof1ts
day was s maintained with but slight diminu-
| ton. The furry - call money just before
the close precipitated some heavy selling,
balance OF the active list selling from one
| to three points below the days best figures
Opinions as to London's participation In
! profit-taklng sales, while later II was de-
clared that the days business showed pur-
chases on balance The strength of the
copper stocks here was doubtless re-
! nection in part of the higher price quoted
for the metal in London. In addition to
| the stocks named, new high records were
made by ST. Paul preferred and Chesapeake
& Ohio The sub-treasury at the close OF
business today reported payments aggregat-
| ing SO, 10000 for account Of the new Pana-
ma bonds Many railway returns were
made chiefly for the month Of July, Marked
| gains in gross were reported by Louisville
a. Nashville, Canadian Pacific, Southern
! Pacific 500 and Grand Trunk. Sales OF
bonds for the day were In keeping with the
| heavy business in stocks. amounting to
S. 745,ooo. United States bonds were all