Omaha daily bee., 1906-08-22
NEW YORR STOCKS AND BONDS
Trading on Wall Street Exchange Aotiy,
and broader in Tone.
SEVERAL ISSUES MAKE NEW HIGH RECORDS
Hartman stocks Heavy on Ez-
tensive Proat Takine-ClOsing
r. Irregular and
Weak.

NEW YORK. Aug. n.-Trading on the
Stock exchange was again remarkably
heavy today, although somewhat below
manifested a broader tone. operations EN-
braclng a number Of, minor issues in the
railway and industrial groups The Harri-
with tendency toward heaviness, the
result apparently of further heavy profit
similar effect among certain other issues,
which were prominent in last weeks adj
vance. There was renewed talk OF In
namely Atchison, Reading, Pennsylvania
and the latter's affiliated line. Extra
dividends were announced by Federal Min,
ing and Smelling. control OF which is held
by the American Smelling company and
by the Republic Iron and Steel company.
ras "a tPa py me later company my
the preferred stock. Indications pointed
TO an awakening of interest on the pubic,
put this interest has not yet assumed suf-
as factor. Buying orders were once
more numerous at the opening and from
for the initial dealings In the United
states Steel stocks, there was an absence
OF the previous days wide" openings. The
opinion OF shrewd observers was that the
advance had gone far enough for the time
and moderate reaction was looked for.
a Inc money situation came IN for more
loans advancing TO per cent yesterdays
high rate early In the afternoon and to
In general showed further. recessions.
Practically all over-year loans were
negotiated at per cent. The confirmed
statement was made that one Of the
prominent insurance companies had availed
Itself OF the boom to unloa I sonlo Of Its
securities and other selling Of a like sort
An Illustration of the speculative charac-
ter OF the days operations was afforded
6y the formation Of a number OF pools
suspicion. In fact the utter recklessness
with which most of the trading was con-
feature Of the day. A sensational rise
In Great Northern preferred was accom-
panied by reports that the deal with the
possession OF the Hill ore properties in
the northwest was in process OF consum.
nation No confirmation OF the story
was obtaInable during the market session.
The great bulk of the days business was
made up OF half do1en issues. ANAL
Northern preferred, Pennsylvania, Reading
and Union Pacific. A number Of high
records for the year were made In Nthe
decrease In the volume of business in the
late session. This was attributed In part
to reports Of heavy floods in AriEona and
later found to be somewhat exaggerated.
The closing was active and weak. many
ass sees Rs1 out sSS
which reported a reectionary tone for our
securities, traded actively on both sides
predominating. amounting to about 70,00o
shares. Local monetary conditions dis
close a loss by the banks to the United
States sub-treasury thus far this week OF
about H,900,000, the result chiefly of
Panama bond payments. The sub-treasury
made transfer of $4,000 to New Orleans
and reports from the middle west suggest
increased demands on the banks Of that
section for crop moving purposes.
ments, the new a. advanced IA per cent on
call. Total sales Of bonds, par value,
The following was the range Of prices on
the New York Stock exchange: