Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-08
A SUBSTANTIAL ADVANCE
Sequel to Federal Action in the Harri-
man Case.
TRADE REPORTS DIsCOURAGING
Some Extensive Price Changes-B
r. T. Gain in Face of Report.
Bank Statements Feature.
special Dispatch TO The Star.

Epecial Dispatch TO The Star.
NEW YORK June S-This mornings ad-
Vices from Washington, indicating or
rather intimating the position of the admin
istration and the federal authorities In the
matter of the Hartman prosecutions, led to
q substantial rise in the stocks directly con-
cerned and were influential in further
rise in the market at large.
For nearly fortnight past private ad-
vices from Washington have suggested the
likelihood that the Hartman prosecutions.
so TO say would be allowed to lapse. hence
Il could hardly be said with truth that this
mornings information came In the nature
OF q surprise Still 1t had the effects noted.
and these were little modified by the other
Intelligence that the administration intend
ed to proceed against the alleged combina-
tion Of the btuminous and anthracite rail-
roads and against the so-called harvester
trust. The stock market was furthermore
Unaffected by the outlook for very poor
Bhowing by the banks In their weekly state
nlent today and by the rather indifferent
Rdvices from the west with regard to agrt-
cultural conditions.
NUtwith landing the prominence accorded
in the morning newspapers to the diplomat
&c controversies with Japan, that general
subject was likewise ignored marketwiSe.
The weekly report of the mercantile
agencies upon the state of the country S
of those which have been purveyed for sew
Sral weeks past. the general tenor of the
Statements setting forth the bad effect
upon various Industries of the unseason-
able weather conditions.
Leading Features Today.
Aside from the Hartman stocks. the
leading features of the list were New York
Central Delaware and Hudson. Reading
Atchison. Northern Pacific. Great Northern
preferred. and the Great Northern Ore
Land certificates
The rise In Delaware and Hudson was
generally attributed to the tentative nego-
tiationS between that company and the
United States Steel Corporation looking to
the disposition of the Delaware and Hud-
son iron properties TO the steel corporation.
The securities OF the latter were decidedly
strong also. and substantial gains in that
same quarter of the market were made by
Amalgamated Copper and American Smelt-
ing.
An extensive rise in Brooklyn Rapid
Transit accompanied by somewhat
curious report that the beginning of the
dividend declaration that stock was by
no means remote contingency as has
been commonly assumed.
The chief feature of the bank statement
was the very large decrease in actual cash,
the amount being $9,tsj4.VI0. This loss was
reflection chiefly of the recent large gold
exports, but was, in part. also correction
of some recent discrepancies in the cash
item in the bank statements.
The loan account increased Sl.o14,OO0 and
deposits decreased G.Gsi.Ooe. Consequently
surplus reserves decreased 81, sol $50 and
the banks present cash holdings are only
s.. ISL 900 in excess Of the lawful require
ments. Surplus reserves in the cOrrespind-
ing week of last year were Sl,162OO, In
19p5 50 S2T 900, and in 1904, So, J62,DOO.