The daily morning journal and courier., 1906-08-21

crease or Hrlces--HeaVy Profit Tnk- ing With Small Recessions---LOuis- viIle Skates Upward-European Buy ing Heavy--The The Third Heaviest Days Trading in History of stock Market-The Days Gossip.
 Up to noon yesterday 1,660,OOO shares were traded in. Up to 2 o'clock the to- tai sales for the day had aggregated 2866,6OO shares. Total for the day g. S5O,OOO
 It was @ boiling stock market again. The brokers were on hand before g a. m, and had difficulty in handling the orders which came pouring in from every direction. It was the reverse of what occurs when there is a smash" in stocks, and the brokers chief care is to seethat everybody is properly margined. All orders on active stocks were welcome, but brokers required large margins, so as to be prepared for a sudden reversal of the lever, and 8 quick slump, with the inevitable rush tG sell.
 The first stock to come out on the tape was Louisville, TOO shares, at 149, followed by 3,1O0 Brooklyn Rapid Transit at IS 1-2. Both were one-halt point up. Some other large blocks came out, but they did not indicate the eX- citement that existed on the floor.
 It was only with the receipt of the "wide openings" that it was eveident that there was to be repetition of Saturdays great exhibition. Pennsyl- yarlia came out with 5000 shares at 146 to 146 1-2, against 145 7S Saturday; Southern Pacific 10000 shares at 91 1-2 to 92 1-2, establishing new high rec ord. and Union Pacific 140O0 shares at 1894 IA to 1S4 1-2. Southern Pacifc's top on Saturday was 91, and 1t closed at 90 3-4. Union Pacific closed at 1S4 IA Saturday.
 Almost straightway Copper, Atchi- son, Reading, and half a dozen other stocks brust into great activity
 London bought probably 50,0O0 shares in this market, taking chiefly Southern Pacific, United States Steel, and Erie The effort to open Southern Pacific as high as possible, with sales at 92 1-2 to 11-2. had the appearance of efforts to distribute the stock. The course of the trdaing after that seemed to bear out this belief
 The sharp rise in Atchison was ac- companied by a report that the di- rectors in few days would announce q decision to put the common stock on Io cte hhofHac paying something extra. It is now on a4 per cent, basis.
 Rock Island did well. Its big earn irgs give promise of resumption of dividends on the preferred before long. Yesterdays out-of-town business was the largest of the year. being estimat- ed up to noon at 500,O00 shares.
 The profit taking of the first two hours was immense, and the market stood 1t nightly well, indicating that there must have been heavy buying. Enormous blocks of the Hartman stocks, Pennsylvania, Steel, St. Paul and Analgamated Copper were thrown over. The liquidation of Union Paci- fic was the heaviest since the dividend was declared. It was nearly as large as Southern Pacific.
 From indications, other stocks with which the leading interests in Unior Pacific are identified were being run u to-day to help sell Union
 The commission houses were Fwamp cd with business. Probably there wer orders in their hands at the opening for 1000 900 shares. The private wir houses were almost in panic with tn new work coming on top of two days Yesterday it was fully seven minute after the close of the nlarkte befor the ticker ceased operations,
 The general public came into tn market in large numbers. Brokers re ported that they did more in three day than in three weeks recently-in fact the aggregate for the three days wa as much as in a month or two fo some of them. Their machinery fo handling orders was severely taxed.
 The high record of sales is $500, ,S0t made in April, 1901, in the histori stock market boom of that year.
 Union Pacific during most of the da showed 9 good deal of distributive sell ing, many of the orders apparent coming from those close to the com pany.
 There were a number of new hig records made for the year. Prominer among these were AtchisOn at 105, UT ion. Pacific at 145 3-4 and Southern Pa cifo at 92 S-4. St. Paul went to 199 + but this does not equal the record made a few years ago.
 The story went that Mir. Hartman in the meeting of the full board of d rectors on Wednesday, gave out an in presslon that he wanted to pay pc cent. regular and two extra out of 1T vestment returns not on regular 10 per cent Some of these director according to this story that at 16S the thought the stock was high enougl and advised against buying it. It wa reported that these same directors the time they were talking had non inal amount of the stock.
 Another notable movement yesterda afternoon was the advance in Unite States Steel common to 46, it's highe price on the present boom and but l of point under the high figure in u great market rise of last January.
 The way fin which throughout u day various prominent stocks we taken up in the market one after al other and rushed rapidly upward SUI gested very strongly that the b financial interests which had most
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