The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1907-07-25
Late Features OF
The STOCK MARKET
Sharp Rise in Hartman Is
sues the Feature.
ST. PAUL STRONG
Southern Pacific Crosses 90
on Talk of Increase of Div
idend to 6 Per Cent.
ST. PAUL STRONG

on Talk of Increase of Div
idend to 6 Per Cent.
The stock market yesterday had for
its distinguishing features a sharp rise
In Southern Pacific which was prompt
ed by the talk Of an increase Of its di-
vidend to per cent
The market as a whole was buoyant
and gave no sign of any let up in the
bullish tendency of prices.
It was safe to say that the Street
yesterday had quite generally made up
{ Ats mind that southern Pacific would
be advanced form a 5 to a per cent
Adividend basis, Some Imaginative ones
&thought the rate might be raised to
per cent, remembering the surprise
which Mr.. Hartman gave the public
last August, when he Increased the rate
on Union Pacific from to 10 per cent.
II One fact which the street took into
cohs!aeratlon IN connection with the
\ 17outilerh Taclnc dlVldend gossip was
THAT London and the Gerpan markets
HAD a strong tip that the rate would
be raised to per cent.
news Developments We're mixed but
1.-THE favorable outweighed the unfa-
we. sotapie, me stllhe sltuatloh IN the
#lfon mining regions was ignored. It,
ary SHUTDOWN would pc q 5000 thing
&pieVeltlhg oVerpFoQuctioh ana tending
IL Ai9lhtalh prices,
N the Marcn pane New YORK Air
SDlahe sou uluef par. II Was a long
liille setliiis aooVe 40. recently some
LEY IMPULSE mas peen given 1t, and
yesteruaE II seq nearly to 10 Friends
ig9l'', ~ olatpueh nave oeeh large
~ 80, -, : ne SOCKS pays pr cent ,
,.n. so d. e,1 s'pout 5VO III l9lS' Ihere
N'---0 ''''iN - Q ueal'
re,
oilioii :, en- eollyertloie Oohas were
'io'iS Sesleluay az y -
~ inspii a'eoii lor the advance IN
1i [.es IN, $3.50 ION interests VINO be-
cleon III rioiies W. ie,iralil reiatlVely
onnsi5ora H. e, pgea'se sIley looK lor
otbo. no,t e -4 as ~ - liiess. me
who 500 VOW +jab+ o nodna iI''eilIiIy
he risa IN stooi,s iii 80 .iliilN
out W. 4'i0NiS pe'ei
Directors Of tbo Nov vor,- c,o,,u4..
National hank vesfor5I,,, a = 80 y y
cent. IT Il stafed tbat +,is ai ~ ~ !
WAS declared bacansa ~ tbo ;ro ..,,' y
In the capital Of The hank from, GOA I
& boo to $500 900. authorized ~ ! n,eetino
pf the stockholders held lime n Tho
10 subscribe for the new stock at mar.
Using the proceeds Of the special divi.
lend to pay for subscriptions. The d.
lidend announced yesterday is exclu-
lend of % per cent. paid on the old
= Papltal stock on July 1.
Ihe remarkable strength of the Har-
imam shares carried everything before
81 t. and realizing sales all through the
$50 We're readily absorbed Prices
hded at nearly the high figure, with
Pont1dent buying still in progress.
The days dealings gave renewed proc
trumental in the recent buying are OF
luch heavier caltbre than professional
VAL steet has been willing to admit
Southern Pacific stock, which at thu
ign level OF the day showed an ex
tuesday, gave tone to the trading yes
9rday' leading to great activity.
The movement broadened as the day
dVancea, reaching Its height in Tho
Ute trading, when there We're very gen
raj gains throughout the list.
Union Paclilc Went to l4l on large