The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-10-20

NNMNA Wv W
r,,r, psrtae w 40 At~ bows Sss'sgdsy,
.,, ske,hes th,s represented sayth'es
COWS teuso me huvINs IN ~ seet rw' ~
30 . hishrT isvri Nv 'he.s w" ~ nc'
~ ~hs' ,hsv sniA esuid MT 10 ae'et
sInrl wUh snv arrtrsrv Up,n'"us hHetet
~ the suhiers and y go IN sncsnrsslns
.Irr that we, ~ NO traders vessrded me
brrIns o. asnis~snt Msev rvrn"'s &c y"
t. ~ s,n we've eit cuia'ed. one ~ 'hs ms-'
o,.rsatips b-tns that y Wsfr'msr
chile % he vpv from Chicago 70 thts CIV
had te~lsaraphsA supporting "ri-fs ~ ls'ss
siy. ,ro'her vn- that . house ~a'oh On
T,tl,v had called losn- In Witch tfnslea.
ma 81 Copper snd ,msticsp smelling anu
rcnnius hsd Nsurea 80 coIiat-rsi ~as p"fstne
he money released into the hartman is-nes'
he Whole operation beinR condueted to'
Standard ~ sntere-is All ,hi. ~ course
va gucs-vork Iurtsi,, hut that the tfaurfs
were ,n, med 10 guess 'n ths' way was .
fairly TODD indication of sn Improvement
In sentimeut.
I, Nigh, interest M. Hartman On his re-
turn from chicago 10 hear how WaW street
has ne run to talk Of h,m. lie would prom
ably he surpriaei 80 hear conservative hro-
k-r. .sprrsA tne opinion that the present state
W n-rvousue-a will never entirely depart ss
long NJ Mr.. Hartman continues to dom,na's
the T1iou Pacific system and ts aNtei roaus
Vet there are many Of them who feel that way
THIS marks q distinct changs In sentiment
within a short time, NOT ~ a result ~ Q new
presentation NJ old matters but on account
Of MIR. uarriman's recent ~tactless uttersnoes.
MIR Varriman's apology for Relating On
southern Pacific II In nearly all quarters re-
r.rdpd ~ a most serious mistake. and Wsh
street feels that the man who would afternrt
70 condone such an evil is wholly Incompetent
TO occupy a prominent position In the ral'rosh
world There Is no railroad question on
which the opinion of the financial community
b. so COMPLETELY united TODAY as that OF the
iniouity Of rehating. and even a greater man
than Mr. Hartman would either have to 10
with the current or be- overwhelmed by u
TIT Int Mr.. Cassatt heard OF the granting
Of special privileges to shippers by employees
of the operating department OF the penn
sylvania when in Paris and hurried home 70
stop IL. lie stopped It, MIR. Hartman mas
heard OF the granting of special favors bv
Southern Pacific and gayly triaes With the
subject. The revelations In Pennsylvania
are said to have fastened the death 81 Mr..
ras.att. The revelations in southern Pacific
may end the railroad career OF Mr.. Hartman.
The difference in the degree OF public APP
proval for the policies OF the two men 10 IN
dictated in that whereas Union Pacific n one
Of the Weakest stocks on the railroad list
pennsylvania is almost without exception
the stron gest member of that group.
Whatever might ave oeen 'nc ns'ui W
the support IN Iniov SeNIhc NV u'-'u
the stock dropped to a now low level for the
vear. closing PRACTICAL a at the lowest. South
ern Pacific shared the are OF Ins stocS |, u
parent COMPANY; droppihs Joy u $3.50
~ ,"s a a cont basis hut below the low
noipt of Nsrchla which before had hepn the
~ record for the wear. The decline in
,boss two stocks proved a decidedly I'M
sottIing factor i'm the general market. re-
ycrsinr co,npIeteIy the tendency toward q
rally that had been fairly marked at the end
NJ m. arst hour.
Amalgamated Copper was inc "eahrs,
feature OF the mdustriai iiS', uropplns = iu''
point below its previous low RECORD . .he
year. made on rr'oay. anu c,os'"s o"''o.s
fractional advance from me owes. -,
news IN the stock there was none oeyono
an ahnoun'ennent ~ -, ,sI ..n,.
= ,educ,inn Of az cents a pound, this being
taken "A An indication that they expected "a
90, The metal considerably under present
quoted prices. it Is doubtful. however. II
The change in wire prices influenced the
,radinr in the stock 20 any particular extent,
ne, WOO, the decline in the price Of the stock
snd conditions in the trade there was no
connection whatever NO cons'de,ations o.
value influenced me ssneIsoi W" Sn"S q.
Ihey were iorceu y 800 ~, 800
thar unpleasnne Th. 49, =. no. ~ m.
making sacr'nces, TO-. rahrusrv ,ooI
lowest pr'ce ,o.ns, ,ar,. s.,,ing aslIs
nithouHn n' 'nrah,s c-onsideration, 4.
tc'npoInrny ,han oy.r befor.
p'o0"o' -
Inc acuon o' nan.as, - ,ha, y,
rn'n9 wHs W "a.".' $50. h.,nm oon.
Amaigamateo 'oppei. u v'me ~"
sistently supported throuehont .he eh.ns
session. As a matter OF fact, Smeiters acted
much better than the other leading stocks
$3.50, p..d,ng Union Pacific and Southern
'opps'' naN..Ln.. 4, mad .hsr.d n
pacihc-whose weahheSs nso sn.Iou u
Friday's market. The action OF the smeitert
,.avs weight to a reassuring statement made
= a.. nras,dent NJ the company At n time
'y u g., uvou,d hsye heen sc.ntic.
of mere oral insurance.. nustns S
than anything that could possibly nave Deer
said In an interview.