The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-08-21
ACTIVE TRADING
IN WALL STREET
Volume of Sales Aggregated
Nearly 100000 Shares
During the Session.
MARKET is PROFESSIONAL
PROFlT-TAKlNG IN HARTMAN
STOCKS.

New York. Aug. 20.-With trading IN
enormous volume, sales aggreratine
Z,|0Oo shares. last weeks upward move
ment in the stock market was resumed
today. Throughout the session the mar
ket was extremely active, the tape being
from five to ten minutes behind time in
recording transactions The tone was
generally strong, although heavy pront
taxing IN certain issues, uUtaDrV me t.ar-
Ihndh STOCKS, caused some irreguiarty.
Inc greater part of the DAY 5 opera
lions were of a professional character
IN spite OF attempts to create a con-
IIdfy impression. AS matter OF facr
the wiz character OF the Jraulng was IL
lCSeL SuIIclenL 10 Keep the public ON
OF the market From the outset inter
est centered around Union Pacific and
southern Pacltlc, which led last week 5
remarkable movement. Both OF these
issues hau wide" openings Southern
Paclflc soon advancing TO a nigh record
Inquire There were heavy initial trans
ions IN several other issues, including
AhlaISamaIed copper. Commission houses
reported large accumulation OF buying
OraerS from OUT of town
Inc action of the Hartman directors
last week was still the principal subject
Oh discussion, ana comment thereon was.
IL anything, increasingly bitter With
AtchlSOn selling at the highest price in
It's history IL was early remembered that
the dividend on this stock would soon he
Increased. Later when pennsylvania and
Reading began to lead the market move
ment, rumOr dealt in the same way with
Jhem. While no definite news developed
on these points il is clear from the long
chain of recent events that the inter-
estS which control the destinies of the
great railways and industrial enterprises
VI the country are supreme confident as
70 conditions Tor some time to come With
the passing days less is heard as to the
possibility of a money stringencv in CON
nectlon with the movement of the CROPS
however, money.a both on time and call
manifested hardening tendency today
numerous OVer-year loans being repOrt ed
at per cent, while call money loaned i'm
considerable amounts at per cent, ad-
Vahclng to per cent before the close
AdVlceS from London suggested an an
Sence of any urgent demand for gold nv
TINS market A large consignment of the
metal reserved at that center from SO,itb
Africa was reported TO have been taLen
by Russian bankers. There We're tba
usual optimistic reports from the traffic
managers OF the railway systems, some
OF them tOreCaSting a wear or more Of
record tonnage. Briefly there seems 70
De nothing in the history of American
TallrOadlng TO compare with the prevail
ing demand for transportation. As for
crops weather conditions were all ia
Norable to further improvements. indica-
uons 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. Illinois Cent
raj. Sugar and Brooklyn Transit. The
squirt In these issues was proba bIv de
signed to cover further reaIizing for
profits elsewhere and the swift mace of
the early day was maintained with but
Sllght dlminutiOn. The furry i'm call
money Just before the close precinitated
some heavy selling, Union Pacific maxi
ing net loss. and the balance of the
active list selling from one to three
points below the days best figures. Opin-
IONS as to LondOn's participation in this
market differed. early reports telling of
profit taking sales. while late4. II was de
clared that the days business showed
purchases on balance The strength Of
the copper stocks here was doubtless =
reflection in part of the higher prices
quoted for the metal i'm London In
addition to the stocks named. new high
records were made by st. Paul preferred
md Chesapeake & Ohio The sub-treas-
1ry at the close of business TODAY re-
ported payments aggregating s23. OOO. 600 for
account of the new Panama bonds MANY
railway returns were made. chiefly for
The month of July. Marked gains i'm
SIoss earnings were reported by Louis
vile & Nashville. Canadian Pacific
)utheru Pacific. 500 and Grand Trunk
Sales of bonds for the day were in
keeping with the heavy business i'm
stocks. amounting to S4.745OG0
United States bonds were all unchanged
on call.