Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-07
Failure to Solve the Mystery
Cause of UnsettIlng the Mar
ket Yesterday.
J. J. HILL PLEADS lGNoRAN CE,
Don't Ask Me Anything About
Reading is All the Reply
Hartman Vouchsafes.
Bear Party HAS Recovered From Its
Observation-Disclosures Attacked
But Soon Made Rally.

New York, March There was
ontinued cScit ernent and disorder in
the early stock market today The
opening nloy cment OF prices Indicated
that the bear party had recovered
from the characterization caused yes
to-day by the report that control OF
Heading had passed to Hartman a
vigorous onslaught OF prices was
made at the start. Reading itself re-
lapscd ; points from last night clos
ing prices. There were Il mum bcr of
other declines of to y among The
most active stocks. An immediate
rally followed and the nervous and
unsettled state OF the market was
shown in The frequent fluctuations
ana great activity Of The rading.
The failure to clear up the mystery
surrounding reading was the lnseJ-
ding influence. The identity Of tho
buyers and their moves remained In
doubt. The sundry opinions on the
subject Were OF an accumulation for
new control, new speculative move
nent by powerful Interests on the
long side of the stock, OF a mere man
tpulative movement in the market to
drive in shorts and make an adVant-
ageous market for dtsposns OF fur
ther holdings
on the stock exchange the trading
was watched with great Interest. OPP
erations in the stock during the first
hour aggregated about $4,000 shares,
MI. Harrimans associates said they
had no knowledge OF any Reading deal.
MIR. ]. j. Hill said Il don't know any
thing about Reading and don't want to
know anything about IT.
MT, Hartman arrived at his Office
shortly before noon.
Don't ask me anything about Read
ing" he said. don't place me In a
position where ] have to talk about
that, | don't want to say anything
about it,
| Mr.. Hartman said he Sas well salts
| fed with his Visit to washington, He
| thought the administration had arrived
at the conclusion that more attention
and consideration should be shown to
| railway matters.
Regarding his views upon the general
| situation, he SAID
I'VE all make mistakes; We some.
times have to back track. " had to
[, do it.
MIR Hartman went on to talk about
| the enormous sums of money put into
railroad improvements, saying that his
own roads had spent something like
| s2T0 100000 and that the country as a
| whole had been immensely benefited.
It was intimated by Mr.. Hartman
that he expected to visit Washington
again shortly by appointment with
| President Roosevelt.
Mr.. Frick was asked about the al
| legged deal in Reading.
II know nothing about Reading ex-
cept that it is pretty good road he
said.
Marrow fluctuations and dull tradins
| had thrown the midday stock market
| into Al condition of monOtony, which
was broken by violent falls in Southern
Railway stocks and in Erie. There was
drop Of So IN Southern Railway pre-
ferred, in the common United States
Steel also responded with a decline OF
point
The weakness OF the stock marke I
became more general in the final hour
than at any time during the day. Union
Pacific reacted points to the low level
of the morning.