The Washington herald., 1907-07-16

Washington Gas was again the chief
feature of business on the Washington
Stock Exchange yesterday. sales started
at g and reached q IN the actual trans
actions of the day Bids on the floor
at different times reached higher than
that figure. Plenty OF the stock was
offered at 50. but the impression was
that the offers were mere ''bull bats.
and none OF them were taken. though
the bids were az times within a quarter
point of The offered price The closing
bid was IS which, with the dividend
marked off. was Eve points above that Of
Friday Those operating the game de-
clare they do not understand why tho
stock does not come out at the high fig
ures' now reached.
Three option trades in Greene Cananea
were placed on record. and saTes OF 200
shares of Mitchell Mining were Effected
at Is
Bank shares and the public utility bonds
were almost entirely neglected, though
some bids were put in 10 nh orders al.
prices generally lower than the bid prices
Opinions on the New York Market.
benjamin Woodruff, Of Post q Flagg.-
THE market opened firm to-day and
made further advances during the morn
ing session. some reaction occurring later
IN the day, from profit taking A slight
improvement is noted in the bond market.
although &c consists chiefly IN the fact
that Jess bonds are Offering for sale
at current figures than that there Is any
noticeable increase in the demand II the
market Is left free from pool operations
and spectacular advertising. it IS probable
We shall have further Improvement in
prices during the month. Good invest
mcnt purchases can be made where the
return Is attractive and where there is
reasonable assurance of a continuation
Of dividends at existing rates, and It
looks as II there would be a fair alb
sorption OF such stocks"
G. Bowie Chapman, Of z. R. Chapman
& Co.-"Prices to-day were much helped
by London and these advances were in
proved upon and It was soon evident
that while shorts were covering freely
insiders were also supplying stock. After
forenoon. the market turned duh with
a sagging tendency, the closing in most
cases being equal TO or slightly below
Saturdays finals It appears to me that
the market Is entitled to some further
reaction before the upward movement IS
resumed and / would await tho same be-
fore making purchases"
E. ". Crew, Of Henry Clews & Co
THE report on the Hartman investi-
cation Is less drastic than was feared.
and has aIlaycd apprehension respecting
Federal action to dissolve the Union Pa
ciflo system, although, Of course, nothing
definite is known regarding the Attorney
Generals procedure. London has been
substantici buyer Of stocks in the local
market to-day Commission houses have
also picked up some stocks the chief
sellers being the professional traders.
The bank exhibit Of Saturday created
more cheerful feeling In financial circles.
the crop situation seems to improve. and
with a building UP Of the surplus bank
reserves, the bull cliques would not find
1t difficult to bring about still further
recovery, although the usual profit tax
ing must be locked for from time to
time"
Herbert L. Jones, Of A. 0. Brown &
Co.-"'The street inteTprets the report on
the Hartman lines bullishly. and this
view is evidently shared by outsiders
The sentiment abroad is more cheerful.
and with continued easy money a re-
sumption Of the upward movement seems
probable. Some recessions may be ex-
pected. but they are likely to be only
very moderate"