The Washington times., 1908-10-16
DAYS GAINS.

NEW YORK. oct. 16.-It is becoming
more and more apparent as the days
go by that Mr.. Harriman's plans ex-
tend into tine future: that they are
prepared with reference to almost
every probable contingency. and for
some things that do not. at this writ
ing. seem within the probabilities. As
ISOLATED with him are some Of the
best and strongest men, financially,
- the States. and their interests are
TO q large extent cO-equal
Mr. Hartman and his friends have
passed through contingencies that were
not pleasant. They have seen their Sc
Curities knocked galley west time and
again, through the timidity Of the pub
lie in some apparent crisis or exigency,
like a prediction scare or under the
threat Of adverse legislation.
Now they have apparently come 10
the conclusion that they will fix things
a little different. They are apparently
doing II through the uncertain market
that exists today. and that has existed
for several weeks. The public has
not been in the stock market and Har-
riman and his allies do not want II IN
until after election
Preparing for EventuahtieS.
They are preparing for eventuaIities.
and in the event Of the Presidential
election causing a change Of dominant
party in the Government control the
Hartman people can and probably Will
hold stocks comparatively steady. sim
ply by not having a nervous, scary pub
lie throwing stocks on sale regardless
of prices-after the manner so well re-
membered as Characterizing several
financial paniCs.
Can't Guess It.
The fact that the professional specu-
latOr cannot guess the market indicates
the fine Italian handiwork Of Hartman
and his friends as manipUlators. They
will neither let the market break badly
nor runaway on the upgrade, but all
the time they seem to be working IT for
a little advance and reaction, then up
little bit further than II was before the
reaction. Union Pacific is the market
leader. Everything else except special
ties follows the leader. but usually IN
modified degree Commission houses
find the bond business excellent ard
there are few buyers of securities for
a long pull. based on the theory that
Mr.. Taft viii be returned victor. and
that the impulse that his election will
give 10 business Will start smoke com
ing from all factories. take idle cars out
OF the yards, and make the business OF
the country jump into fun prosperity,
as did the first election Of William Nc
Kinley.
Strong Opening.
The market opened firm. with slight
gains throughout the list. and with a
good market in London. Northern Pa
cIfc moved UP $. while Union Pacific
advanced a point or to 17SS. st. Paul
gained point. Reading p, and the rails
generally fraCtionally-
AnC then when the speculative ele-
meut considered It wise to follow the
lead Of the HarrimanS, and placed
numerous orders, the situation changed.
and the gains were soon lOst-apparent-
" following out the Hartman plan.
Then the bears tried II. but the market
had ceased to be weak. stopped going
of. and became very steady Thus the
speculative element couldn't do much
either way
Some Declines.
There were declines Of q in ConsoIi-
dated Gas. y in Copper. = IN Baltimore
and Ohio. Ia In Canadian Pacific. and
slight recessiOns IN some stocks
Atchison was IS lower. Great North