The Washington herald., 1907-07-26
STOCK PRICES GO UP
Hartman Group Leads in
Gains Throughout List.
LATER DEALS NOT so STRONG
First TtansactiOns IN Pacific Road
Stocks Above Closing of Wednes-
day-ROck Island shows Signs of
ARimation-Attack on United States
SteeI-Can Money I'm Demand,

New York, July 25.-Folowlng the
higher level Of quotations scored by Amer
lean stocks in the London market, the
trading here opened with advanced prices
for all the leading issues. the gains in the
case Of the Hartman group being much
greater than elsewhere.
The first quotation on Union Pacific re-
corded on the ticker was wide" covering
transactions from l4s down 10 Ii7l4, while
the initial transaction in the Southern Pa
cifc was made at 91B a full point above
last nights close. Neither stock sold
again during the day as high as its open
ing level, and from start TO finish there
was a good deal Of profit taking in each
and was fairly we'll absorbed.
The decline in the two leading stocks
exerted an influence over the general
market which, however. was resisted by
Reading this stock being quite active at
advancing quotations. although there was
nothing definite in the news TO explain the
renewal of operations for a rise IN the
stock. In the afternoon Brooklyn Rapid
Transit Joined Reading as an exponent of
market strength, its rise being based on
The large growth Of business and the ex-
pectation that before very long this might
be made the basis Of dividend returns on
the stock.
Rock Island Comes to Life.
In a minor degree, Missouri, Kansas
and Texas and the Rock Island shares
showed signs Of returning animation.
Business in general was conducted on n
much larger scale than on any other day
for considerable time past. and
although traders made a determined ef-
tort 10 break prices on the announcement
Of the pcstponement of formal action on
the Hartman dividends, they failed 10
dislodge any large amount Of stock or 20
alter the strong tone that continued 10 be
displayed throughout the session.
The attack on the market was directed
largely against United States Steel, but
this stock met with good support and
rallied from the low point with some
Vigor SO that the final quotation was
almost as high as last nights close. The
Erie issues were weak. Notwithstanding
apparently trustworthy reports that the
resilar dividends would be declared on
both classes Of preferred stock next week.
earnings being larger than ever before
AID much more than sufficient for that
purpose.
Call Money in Demand.
Gail money continued to be a little more
in demand at low rates. and it was an
nounced that $JO0.Ol0 had been received in
this city from san Francisco, representing
the arrival OF gold from the IIlOndike
The foreign banks made fairly gOOd
weekly statements. and their rates Of dis
counts remained unchanged. The firm
ness IN demand sterling produced no real
apprehension Of gold exports ana not
Wltlstonding the movements in domestic
exchange, il was considered unlikely that
The demand for funds for crop moving
would be seriously felt before the middle
Of August. since the crops this year are
weeks lIteT than usual
The grain markets were strong, more on
account Of rows from abroad than II tile
reports OF damage here