The Washington times., 1908-10-18

NEW YORK, Oct 17-At times during
the week the stock market has been
very interesting and again it has been
so dull that the tickers were silent for
minutes at a time. AS the war scare
abated there was a better demand for
securities. AS the Bry az scare abated
there was also a little letter request.
But the chief thing mat the week
has confirmed is the complete and
absolute control OF the millions on mil
lions of securities listed on the New
York Stock Exchange by Edward II.
Hartman and the rich magnates asSO-
Ciated with him. u is also a fact that
Mr. Hartman is thorough in his plan
ming and leaves no loop hole through
which his plans may 60 awry- The Hdr-
riman-M organ-Frick-R Rockefeller Wand
erbilt-Hiu group is IN possession Of a
very large percentage OF the securities
or rather the stocks listed on the New
York Exchange.
They had to buy them last fall when
II was necessary to save the market,
and the banks that held millions Of
stocks as collateral They bought them
at market prices that were simply bar
gain counter snaps. They have been
unable TO induce the dear public to
come in and take these stocks OFF their
hands as they expected. when they
had given the market an active higher
trend for three months. The public,
always timid. sold what stocks it had
purchased on the bargain counter and
held off. wisely concluding that con-
seTvatsm was the one wise thing in
view of the approaching Presidential
election with its usual disturbing influ-
ences.
Have to Care for Them.
Having the stocks on hand, they have
TO be cared for. Fortunately the crop
call for money has noJ made any seri-
Gus inroads in New YO-l5 bankers cash,
and there IS plenty 10 be had at low
rates.
In order to carry over their stocks,
Hartman and his allies aavs assumed
control Of the market. to such an extent
that they are willing 10 step in a any
time necessary to check an advance or
TO stop a decline. They will do this
from time to time as occasion may dc
mand. and go into the election not Tar
from present prices one way or the
other.
MI Hartman said that the election
of either candidate would not hurt the
stock market" He may or may not
he and his followers are determined To
keep the public out that there may be
no panic after the election, IN the event
Of a change in party rule.
London Bare of Stock.
London is bare OF stocks. She sold
out on the war scare, and tried 10 get
her securities back when the war cloud
moved off. Then the boss Of the mar
ket moved stocks up to a higher level
This also gives the clique a better posi-
ton. for England will not have much
stock 10 sell.
Bonds in Demand.
The most healthy feature Of the mar
ket is the continued good demand for
bonds for investment. The wise men
not certain of ability Of many COM
panies to continue to pay dividends
are turning their funds into safe high
grade bonds. They have been doing
this for months, and it is the best
feature OF the market. For the week
ending tonight, the aggregate transac-
tons We're 81 Jos. Co., For the year &c
date. $691, J81. 900. as compared with $780,
$4,000 a year ago today
Influences.
The market is not always amenable
TO the influences that might usually be
counted on 10 cause changes. Occasion
ally it Is left to its own will, and eases
Off. but the bears recognize the position
and Will not take any chances by pyra-
rliding Frequently they take a chance
at some stock and make a turn. but
the breaks have not been general
General business IS improving, and