The Montgomery advertiser., 1909-08-27
THE STOCK MARKET

New York, Aug. 2s.--Another period of stress and storm was experienced by the stock market today. On very heavy liquidation prices reacted from 8 to being again made by the Hartman stocks and their af1liated issues. Union Pacific sold of to 19S, the lowest price in exactly month. while Southern Pa ciflc suffered correspondingly. | Sentiment had become more bearish over night and the room had fresh supply of ammunition In the way of 1ton of 8r Harrmsns Hnether mutation of selling orders, together i with the freedom with which London sold our securities before the opening gave additional impetus to the move Az a matter of fact. very large part of the days business was in Union Pa cific. that stock for all practical pur- throughout. On the way down to POI nt the opening, after the many stop loss orders were dLsiodged and many more more accounts sS with impaired bargains mates of long sales of Union Pacific since the beginning of the week vary from 150000 to 100000 shares. or one ing in that issue since Monday. To this may safely be added no less than 2e0.o shares of short" leaving a comparatively small margin to the
 
 the day may be summed up in series of declines. with an occasional ftfuI rally, which seemed to spend its energy at the first signs of another bear at tack.
 Frequent attempt were made 10 force Union Pacific below 200. but they were unavailing until almost the last hour, and 500 shares at 1-s lower These were soon followed by a block of 2.900 shares at 199 1-2. United States Steel. which had relatively been the strong est of the half score issues prominent in the recent rise. also reflected heavy pressure.
 From these low prices the list had another brief respite with another low level. Union Pacific closing at 1ss. a break of 21 points from the top record price of August Is last. The last re- spite was in moderate disorder. Gen eral news of the day bearing on the stock market was distinctly favorable.
 The recent rains in tho corn belt We're of great benefit to that section and other crop news was in line with ceived There were further indications of a plethora of money in the West and Southwest, all of which Is calculated to ease any possible strain On this center at crop-moving time.
 From leading industrial centers came advices of even greater activity. Many of the large steel mills are having great difhculty In meeting delivery de-
 
 Another heavy increase in copper ex- ports was reported. The New York, New Haven and Hartford road submit ted the result of its operations for the fiscal year with a reduction of $1,700.- 900 In operating expenses and totai net gain of over $3,000,00U. Returns of Brooklyn Rapid Transit Company for the year showed decrease of $176,000 in total earnings, but economies in op- erations resulted in a net increase of s369,000.
 The weekly statement of the Bank of England was favorable in that 1t re- ported another gain in its proportion of reserves to liabilities. but the exhibit of the Bank of France gave no hint Of the ease and abundance of money al the French capital.
 Bonds were weak with severe losses and large transactions in the specula- tive issues. Total sales par value, amounted to $6,017, ,000.
 Government bonds were steady.
 CLOSING STOCK LIST.