The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-08-10
NEW YORK STOCKS IRREGULAR,
BUT SLOWLY GAINING ON
MODERATE BUSINESS.

NEW WORK. Aug. 10, p. m.-The
market steadied after slight recession
in prices about noon and is gradually
advancing on a fair volume of business
While the course of the market is stlH
irregular it has a good show of strength.
The irregularity is well illustrated by
the course Of Canadian Pacific- II
opened at 1864 one point lower than
yesterdays close: sold on the morning
bulge to 1874, and is now pegged at 49,
While Canadian Pacific was going
through these gyrations Union Pacinc
was gaining a point, selling at 10 ana
later receding to 304Iz. Reading also
opened half point up, sold half a point
higher. lost a point and a half, and Is
now at 1883. St Paul opened half
point higher. sold TO 1888, and Is now
one-eighth lower. Steel reached IS dur
ing the morning, but has been reason
ably firm around u most of the day.
Market Starts Irregular
NEW YORK. Aug. 10.-Noon-Ihe
course Of the market through the nor n
inc has been irregular, a few stocks
showing unexpected strength and sor'e
remaining about unchanged at last
nights level. Some even have scored
slight losses. The opening TRANSACTIONS
were fractions higher than the close u
last night. and a few stocks lmnleal
atelv beran to show signs of advance.
Union Pacific was strong, Galllus a
point I'm a few minutes ana sIah0i's
Before the end Of the first hour ihe
rise was lost in some of the more aC ali
Large orders were out Tor the EeooH
island shares. the preferred adVahclilS
over three points on the Buying. a. IO'''
these shares show slight feCesSlolIse -
The strength of the railroad shaIS9 y
,redicted ON the immense crops NhiCH
thew viii be called upon 10 move "
market in The next few months. Soine
of the repC rts from the Wnedl O0tt 80
morning were specially cohsOills ~
bulls Ii is reported that Kansas - - -
brasI1e and Oklahoma viii have l4e'SVJ' ~
bushels of wheat and G7OD,VJ0 ou isil',1-
~ corn this year, the crops Deiiis
valued at 3l,00O0J, an hicI edoe
about SCI 600 600 over last year IN ous
dition TO this great wealth Yields OF
hav and most minor farm crops a .
above the average, and pastures ar 4 -
much better condition Il an usual w I'm
this comes the news that a mllhoh-
acre pool has been formed IN NeDraSha
10 hold wheat for Slz9 ousheL
Prices Slowly Oaln.
AZ whole the market from day 10
sav seems to be slowly gaining strength
public interest Increases. The West Is
prominent in supplying buying orders
and reports received by wire houses IN
dicsted that crop conditions are beIteL
At Dresent than at the time Wfeh' the
Government reports were gathered.
Tie strength of Rock Island preIeiie ~
IS based on the probable resumption ol
dividends in 1910. when the issue VIII pt
entitled to distributions at the rate u
per cent a year. I'LL.
me tax of the formation OF a ha"leS
trllnk line accounts for the activity anu
strength in the Hawley stocks -.
htfeDtfon is directed TO the point tlla.
the Great Northern Railway VIII s 500.
banefif Immensely from two lmpoi ~ an.
lines Of traffic. The crop report siil'
bie wheat yield which VIII mean an, {
soo5 tonnage The activity IN sleS
means that The steel corporation y ~ y
soon extract ore in large quah I lII5-
from Great Northern ore helds LII III
vii give a large tonnage TO the ran
On this outlook it Is said consiceraol
foreign investment has been golhs %
In Great Northern.