The daily morning journal and courier., 1907-08-13
NEW LOW STOCK RECORDS.
Greatest Losses Recorded in Hill and
 Hartman Stocks.

Hartman Stocks.
 New York, Aug. 12,-Last weeks liquidating movement in the stock market was resumed at the very open ing of business to-day, and save for few fltful rallies was maintained throughout the session. Securities came out in enormous volume for the first ten minutes when the situation was one of utter demoralization. The great est losses were recorded by the Hill and Hartman stocks but number of the less conspicuous issues were thrown over at severe declines. The break was checked before the end of the first hour, but in the late after noon prices went still lower. New low records were made by some issues and the list as a whole was very near the low level made in the silent panic of last March. Sentiment in high financial circles was decidedly pessi- mtstio, refecting the disgust and lack of confidence which now appear to per wade the markets of the world. To a very large extent this feeling is based upon existing monetary condl- tions. Time money is becoming scarcer at all the leading financial centers and this condition gives promise of becom- ing more acute here before the end of the month when crop moving demands will have attained their full propor- tions. Other causes which contributed to to-day's sensational declines were the weakness of our securities in Lon don, persistent rumors of serious trou- ible in Berlin and the strike of the tel egraphers. The publication of a state ment by representative of the de- partment of commerce and labor which reflected upon the Standard oil com psny intensified the feeling of uneasi- ness and encouraged the shorts to re- new their attacks. Incidentally Stan dard oil made an abrupt decline of 25 points on the 'curb," selling at the lowest price since 1899. In the final hour another concerted bear attack carried the list to the lowest prices of the day There was heavy selling of the U. s. Steel stocks, much of which was said to be for out of town account Towards the end the mar ket became more quiet, with a we'll sustained rally on short covering The days business was well in excess of a million shares more than one-third of which, however, was done in the first hour Of the total operations the Hartman and Hill stocks contributed full 33 per cent
 London sold extensively in this mar ket at the opening, operations for that account amounting to about 5O,0OO shares. Advices from that center sug- gest considerable concern regarding the outcome of this weeks settlement there.
 The bond market was weak In sym Total sales of bonds, par value, were $2252O0O.
 The London Market.
 London, Aug. 12.-Money was in fair enquiry and rates were higher. Dis counts hardened.
 The continent secured the bulk of the $2,5OO,OOO in gold available in the open market. The Bank of England obtained a small portion.
 Consols at the opening fell to SO%, but later improved on government pur- chases.
 Americans were weak owing to Sat- urdays renewed decline in New York and further German selling. At the opening prices rallied fractionally to atove parity, but the improvement was soon lost under continental pressure. On the receipt of the New York open | Ing prices the tone became flat, but a slight rally occurred before the close and final quotations were above the worst of the day, Canadian Pacific suffered with Americans and Grand Trunk was depressed notwithstanding l the increased traffic returns. Foreigners were dull. Peruvian's were the brightest spot.
 Japanese Imperial sixes, of 1904. closed at 1O2A. Copper shares were out of the favor, Rio Tinto again de- | clined.