Omaha daily bee., 1909-07-31
NEW YORK STOCKS ANDBOyDS
Market Shows Great Activity in Many
Lines Of Securities.
TARIFF SITUATION HELPS MUCH
Operators CirculRte Many Rumors,
Using Prominent Names to Help
Along Their Dealings I'm
various stocks.

NEW YORK, July 3O-The dealings at the
Stock exchange by noon today had over
taken the figure for yesterday $ total deaf
ings and the days total rose to over lOO,ON
shares. The Increased activity Uf the mar
ket was accompanied by great variety IN
the demand and an imposing but not wholly
comprehensive show Of strength.
Union Pacific, United states steel South
ern Pacific and AtChison all sold during
the day at the highest prices in their his
tory. Commission houses reported some
accession OF outside demand. but the tao
tics of the market was suggestive stun OF
professional operations. 1t Is a feature OF
the present situation In the stock market
that with all the enormous accumulation
of holdings that has been accomplished
brokerage offices profess to be little In
volved in the way of money borrowed Tor
the holding of stocks on margin for Gus
toners.
cipal participants in the recent market have
resorted to the banks direct for loans, and
It is with these institutions that the col
lateral Is largely held, The comparative
freedom of the market from the usual back
sets and vicissitudes Of a speculative cam
paign where a multitude Of brokers are ad-
vising the shifting impulses of traders in
and out is said to be due reasonably TO the
Today's active market was attributed In
it's broadly underlying impulses to the sign
ing Of the conference report on the tariff
bill. The movement was helped along -.
many speculative devices and made swift
progress towards the indicated ends.
one of the devices used mat proved most
effective was the circulation Of rumors OF
the accumulation OF this or that stock by
some financial magnate for investment.
The name of John D.. Rockefeller figured
I'm the days gossip In this connection, so
also did that of +. Fl. Hartman, who was
alleged to be reinveEting the large cash
proceeds Of recent sales of Atchison pre-
fcrred in New York Central and other trund
lines for replacement in the treasury OF the
Union Pacific. A sudde jump in Western
Union was accompanied by the assertion
that the early absorption OF the company
by the American Telephone and Telegraph
company was I'm contemplation. Reading
was made conspicuous by stories of 3
financial plan involving a reimbursement III
it's stock issues and an increase in the
dividend.
An astonishing number OF rumors bearing
on particular properties were set afloat In
this way and gave rise to isolated price
movements in succession and this was re-
sponsible largely for the professional APP
pearance OF the market, in spite of Its
breadth and activity.
More gold was engaged for export &c
Argentina and the hardening of time money
rates progressed. The banks are promised
a cash. gain as large as last weeks, bu
favorable subtreasury operations have con
tributed to this. the receipts on balance OF
the interior movement showing a decline
from last week. The stock markets CLOSING
tone was strong after diBesting the realtz
ing sales Of the final hour.
Bonds were firm. Total sales, par value
S4,616. 600. United States bonds were un
changed on call.
Number OF sales and leading quotations
m gNnnla TODAY unTn as fnllnWEH