The Montgomery advertiser., 1909-09-08
THE STOCK MARKET

New York, Sept. 7-E. H. Harrimap's illness sent shiyer thrSnkn so4ax sns sns broke . vide hole in prices in the New
 Ths violence of the decline in prices here was much aggravated py tne haSs that rumors were current befere the actnaiiy psssed away. These report. were Calculated both In London and New York. Their harmful influence was not dissipated by the early guefo, ed assertions of MT. Harriman's omeiai associates that they understood that he was better after an attack of indiSes- tion.
 msnt on the subject. after last weeks assurances that change would be re. ported and the present impression oi lack of candor in the advices that were allowed to become public, left the spec ulativs sentiment fearful anu nesse~e
 It was this feeling that kept the market nervous and depressed in spite of the light-weisht of selling oraers that had to be taken care or.
 1t was fact that selling was no. notably large, even on the demoralized opening break in prices. The demand was too cautious. however: .,n.s .T :sppHSre tSe sompsratively scanty selling. It was :. subject of comment in the market that the bears were timid about making short sales, having in mind their ss we're s1psFssnes on Monday '' iAs'
 The large part of the short interest which had been eliminated In the sharp recovery of last week left the technical sense. since the buying to cover by an outstanding snort interest always forms an important staadying influence on a violent break in prices.
 Besides being intimidated by the punishment inflicted on them last week the bears profess some doubt about the ultimate effect of even the worst news regarding the finan:ier whose condition Is the su Dject of so much solicitude. In pointing out the number of times that reports of Mir. Harriman's danger and even of his actual death have figured in the recent stock market speculation. much was left In the way of effect on prices for such evtnt to be provided against.
 it was considered certain, also in the sober business procedure that would be usual In such contingencies, that utmost precautions had been taken already to meet sudden emergency. both in the administrative and financia affairs of the Hartman companies themselves. and in the more sensitive organization of the speculative mar kets
 SLIuCleHt tcbkUuVhy to taken to support prices and resist the decline in its precipitate stage.
 The market closing at the lowest prices of the day, was accompanied by reiterated bulletlns affirming the uIss, iow anxiety felt by his family and friends. The stock market had no opportunity to express its opinion of the intimate statement of Mfr. Harrlman's condition, bearing not only on hls prysical state, but also on the mental effect of the raid on his properties" which was at tempted during his absence in Europe.
 This statement, given 70 the Asso, ciated Press, was not published until after the stock market closed. No other. matter received any considera, tien during the day and the weak and feyerish closing of the stock market showed the lack Of any definite settle ment of It's views on the problem con- fronting II.
 Bonds were irregular Total safes, par value. $2.s24,oe0.
 United States bonds were unchanged on call.
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