Omaha daily bee., 1909-08-19
NEW YORK. STOCKSAND BOyGS
Market Continues It's Resctionsry and
Confusing Course.
ATTACK ON HARTMAN ISSUES
Union Pacific Loses Five Points
During the DRy-RePorts OF
Damage to Crops BtE
Feature Of News.

NEW YORK. U 1S-The stock mar
ket today consistently continued us reac-
tionary and confusing course Of the early
week. There was the usual backing and
filling during the early session, but II was
not until the afternoon that practically the
entire active list took q lower dip, whicn
wiped out all early gains, Again II was
Of the attack. The movement was short
lived. however. and in spite or puliisn
rumors on New York Central and United
States Steel, the latter accompanied BY a
revival of the Paris bourse listing rumor,
the market turned weak and in the tate
session became duller and more Irregular
1t was regarded as somewhat significant
that the list was most unsettled imme-
diately upon the publication OF a series OF
dispatches and statements, official ana uh-
official, concerning the state OF health OF
an eminent magnate. now homeWard bound
from abroad. Reports OF serious harm 10
the crops in North Dakota from heavy
rains. which caused a smart ADVANCE IN
the wheat market we're not without intlu-
ence upon stocks. Advices from missouri
and Kansas as to crop conditions were OF
a more favorable character, but Nebraska
dispatches continued discouraging. The
most aggressive selling and lowest prices
came in the final half hour. Union Pacific
was then about five points below It's top
price OF the morning and the preferred
stock over three points, while New York
Central, Reading, Atchison, Great North
ern preferred, Great Northern ore certifi-
Gates. Chicago & Northwestern, Pennsyl-
vania, the steel issues, A"malgamated Cop
per. Consolidated Gas, Peoples Gas and a
score OF less prominent issues were lower
by 1 to 4 points.
Louisville & Nashville and Canadian Pa
cific we're about the only stocks to hold
their early gains. The selling was in
enormous volume and numerous stop orders
were uncovered. Prices at the close, which
was active and feverish, showed but slight
recoVeries from the lowest level. Time
money was again strong, with an especial
demand for four and five months loans
at 4 per cent. The supply Is becoming
more scarce, and a continuance of the
present demand is expected to advance the
rate. More gold exports to South America
are impending, while shipments Of 5000, 900
gold to Japan are scheduled for the coming
month. Official figures from Washington
show an excess of almost Sl7, 900, 900 in mer-
chandise imports for July, compared with
the same month last year. The only note
worthy railroad return today was that of
the Baltimore g. Ohio road, which reported
the rather small increase Of 1885, 800 for
July. The Industrial situation continues In
the direction of improvement, many mills
and plants. according to today's advices.
now working to their fun capacity.
The feature of the bond market was the
activity of Union Pacific convertible Is,
In which dealings were again very heavy,
with a net loss for the day of 2l2 points,
Bonds steady; total sales, par value.
s., $50, 900.
The following were the closing quota
] VFnag ~ al