New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-11
FINANCIAL MARKETS
STOCK SALES LIGHTER.
RocI, Island Issues Strong Features
Time Money Frm6r.

Transactions In Yesterdays stock market were
lighter in volume than those reported In Mon
days operations, but there was, nevertheless. an
active commission house demand and further
evidence OF activity on the part Of the prominent
bull interests especially in the metal shares,
Reading, the Hartman issues. Denever & Rio
Grande stocks. Louisville & Nashville Southern
Railway and the Rock Island securities. The
splendid earnings OF the Rock Island company
and the fact that the road is the biggest corn
carrier Of any of the granger properties warrant
the expectation OF the resumption Of dividends
at the fun rate OF per cent on Rock Island pre-
ferred in 1910, and in view Of this promising
outlook the stock is among the few that con
sentative interests feel justified In recommend
ing at current quotations for permanent invest
ment The Rock Island runs through a pro-
ductve country, and enormous amount Of
money has been spent in lettering the property
In recent years. The losses made In the closing
trading in Mondays market were recovered IN
the early dealings, especial strength being re-
ported Ia Amalgamated Copper. American Smelt-
ing. Denver a Rio Grande preferred IouisxiIla
q Nashville. Rock Island preferred Union pa
cine and St Paul. while in a few issues only was
theIe any evidence OF an excess selling pressure
III the AFTERNOON trading showed a material con-
uacuon IN the volume Of business but the i'm
proNement recorded in the morning WAS we'll
maintained until the last hour nartlcrlar,,, a.,
me copper and smelling shares which yvera
helped by the remarkable decline in conner ,,,tat
STOCKS on hand in the last month due IN an
inn,
Ior nome consumption. Realizing sales ara
Faoers pressure induced by a substantial 70
uucuoh IN me amount of outside interest ,,a,.
4esPohsloie Ior a heavy tendency in the Ell
.Iohs' ne larger number OF issues cIosyp,
"Liuef the nigh points, and IN the "a go 20 -,
OF the prominent shares net 1ossas Sc ei al
porleo- There was q fair demand in thu d. e.
The local gas stocks III 'he day Tor
e larger number OF Wall Street house. -
msrI,o, I'M IN the theory that the stool,
I 10
WIZ De an opportunity for ssyro.I. 1-iS ehere
HoIs out they temper their bpllish - -
- VIRUS OF caution regarding the nurcbaso -
oecurlues on small ma rgfns AT The ,rssa. -, =,
tn. - PS.atlioihg or profits, the latter invoIy
4iis 'he aooltlon to ones account on III. 49,, J..
paper profits for margin A no1ra,i odis Oh
non OF capital Is working for higher vii. 10.
es pan does not preclude the possibiIitv ot ST.
oecIines- Indeed, the methods or condnc.tr,
49, pui campaign Include transactions bv which
aooa. frequently are forced out to the
1cuorn paniment OF the usual losses for the 90
! called lamb. and are followed bv eous1,,, 60,
euHahces' win further opportunities for tbe d,sr
u'ouuon or stocks at attractive figures rho
Dun interests in the current market bsva -.
oaItyiHs enormous amounts OF stocks for r,an,,
t1 01Iu 'Hey are reducing their commit
lhents on each successive rise in prices 7bro,,L
their complete control OF the sneculs.i,a -
cnihery and the hold they have upon the ,,ora.
lney can advance prices and Iiebten
e'ieiE Iodos at the same time bur the ,,,hy,o
.oHo"lng now In the market believes thar ths
org men are buying for keeps and that there -
hothing but safety and profit for every one u,ho
ares 10 speculate. The public is buyinr STOCKS
mat the inside interests are selling tbonsb a..
puohc Tails 10 realize that fits own nurcbssas
must involve sale equal to the purchase 1-ha
ii'et powerful interests in the Street ara ,ot
t,l3hihs bull market for buying nurno<ss on
lher account and the realization ~ mi. e..
VII De actively brought home TO reckless ON,
sue spectators when II suits the plans NJ the
men oehlnd the speculative lever 70 loosen tba
ciutch The latter have everything In their fa,,o~
q tAe moment and there is no reason ~ SUI
pose mat they will change their tactics mil ~
oanKs seno out gentle hints that a cessation -,
pun activity will be advisable AT tha, ,,,,a ar
OUTSIDERS doubtless Will be tumblin0 over ora -.
other to buy stocks. An operator who COMES
the street only when prices are either bfa,. -
low SAID yesterday that he was lettin, tha o,,
| Fellow have all the stock he could ana a. NJ
safe deposit box. including some Of his fonn,,
priced investments. You know" he said ~
| can get II all back cheaper"
Time money showed much frlner ten5ano,,
yesterday, rejecting the advance Monday an tbs
call loan department of the market Fly. roonths,
| money is not being offered as freely as receptIv
reported, and though IL stiIl may bs had az a