Omaha daily bee., 1906-08-25
NEW YORK. STOCKS AND BONDS
Hartman Issues Are Again the Leading
Feature Of Market.
NEW HIGH RECORD FOR UNION PACIFIC
RuHor of Increased Dividend in
United states steel sends that
Issue Up-Money is
Firmer.

NEW YORK, Aug. AIN the main, to
days stock market was largely repeu-
ton OF the previous days Pretty nuen
leaders and for the greater part OF the DAY
the same degree Of irregularity prevailed.
10 TO-. round S out the SnalSsy trading was al
The movement took In number OF spe-
ciaities not especially prominent in the re-
aes sey Pump a but s0P Psesh Upward
movement in the Pacincs-the Hartman
issues-was again the most prominent Tea.
States Steel common, which early distin.
guished itself by scoring new high record
for the movement, the Hin issues, Amalsa
ing comprised the bulk OF the business. In
fact sales Of steel and copper overshadowed
all else in the nrst hour Fears OF hurry
seemed to vanish in the early afternoon
when prices were At their highest. Fore
s Ss se wef. I feceived with
state tate S oi reserves and surplus. Those who
relief from Washington must have had
their hopes rudely dashed by the pro-
nouncement Of the secretary Of the trea-
sury that present conditions call for nc
government assistance.
The early boom in steel bore all the ear.
marks OF yesterdays open manipulation and
was accompanied by rumors that large
pool had been formed at one of the western
industrial centers TO accumulate the stock
The increased dividend rumor IN eonnee'
ously circulated, while yelled suggestions OF
a further distribution in Union Pacific
movement move slnsn in that issue. This stock was
used as the market leader in the early
afternoon rise, but trading soon fell on to
more moderate volume and the enort 70
sustain the market was for a time aban-
doned. The market gathered fresh impetus
in the last hour when call money fell to
81 per cent, In spite of the popular belief
that the bank reserves on the known move.
ments OF money would show dencit TO-
The bull element trotted out an old m.
NOR about this tIn,enthe gnvrchsse of g
within r.. Of ~ high Rrss to Of IN.
from brokers frequently employed by Harri
man interests. Much Of today's trading In
Of a belated short interest. The sale OF q
small block of American Express stock al
2to, the highest price In four years, was =
grew dull in the lat. trading With nc
marked tendency In either direction. Prices
had Yielded fractionally. however. and m
last fifteen minutes a new movement cam,
In the Hartman stocks which were TRADED
4, very heavily. Union, Pacific went !.
10 ae%, a fraction below It's ton price.
Steel common also made a new hixh record
aen.S SSurb and mot the s sas o.
There was absolutely no news to account
for the advance other than expectations
Of. gold imports. and As previously stated
intiretions Of further dividend disbursn-
ments in Union Pacific. The closing was
active snd strong. American securitis'
held we'll In london where the genera
markets seemed undisturbed over the prob
able changes In the cabinet. london wa;
! not factor here though that rcarket nroh
ably participated in The late huvirR OF IN,
Pacincs. Time money was frmer and II
| more limited supnlv. n half per cent on-1
| mission again eoine with most ninetv-da5
! and four-rnonths loans, while for over-yeai
Bonds were irregular, Total sales pal
value 20. les. on. United States bonds wer'
| all unchanged on call.
| Following was the rance OF prices on thu
| New York Stock exchange: