Omaha daily bee., 1909-08-27
NEW YAK STOCKS AND BONDS
NsrE Experiences Another Period
Of Stress and Storm.
aR1MAN ISSUES ARE LOWER
nion Pacific Sells OF Under PER-
sistent Bear Attack and More Tn
favorable Rum6rs-Drops Fl
Points I'm Ten Days.

NEW YORK, Aug. 25.-Another period Of
stress and storm was experienced by the
stock market today. on heavy liquidation,
tP5s Sre geaSted ios sTem b Z Nc S again made 9'" BY
the Hartman stocks and their AFFILIATED
issues. Union Pacific sold off to iSS, the
IsS ogfSsr5R prise Psc,f " s s5 2 a eof~ m9ns6i marye
Sentiment had become bearish over night,
and the board soon had a fresh supply OF
ammunition In the way OF pesslmistlc
rumors concerning the condition OF MT:
Hartman. Another accumulation OF selling
orders, together with the freedom. with
which London sold our securities betote
the opening, gave additional impetus TO
the movement when the market opened
here. As a matter Of fact, a very large
part of the day business was IN Union
Pacific, that stock, for. all practical pur-
poses, dominating the situation throughout
On the way down to Al at the oPehLus'
a great many stop loss orders WennSt I
paired margins were thrown. over Con-
servative estimates OF long sales OF Union
Pacific, since the ~begjnnins OF the W EEK
fifth to .o~ne-duarter OF the entire tradins
In that issue since Monday. 10 TINS may
safely be added no less than ZVOyvV sns srYs
Of Short stock, leaving a comparetIvei
small margin to the credit or legitimate
PTbe history Of the day may be SUMMED
up in a series OF declines, with an O.
casional rally, which seemed TO spend lIs
energy at the first sign of another peal
attack. FREQUENT attempts were HiauV. "
force Union Pacific below 2W, but tney
were unavailing until almost the last houIj
when 100 shares came out at 1854 anu w
shares at Is lower. These were SCOT ,o l1i
lowed by a block Of 1890 shares at l912
limited States Steel, which had relatively
been the strongest OF the half score issue;
pr6mtnent In the recent rise, also REJECTED
heavy pressure. From these low PRICES wv
list had another brief. resPite, WIN yel
another low level, Union Pacittc closihs
al los. a break of 81 points from the tol
record price Of August 49, last. Ihe res
of the list was In more or less disoruSI
Generel news of the day, bearing on th'
sinck market wa distinctly favorable.
The recent rains in the corn beit aut
otbet crop news in line with the en-
Contrasting REPORTS recently received Wer'
Of great benefit to that item. There weE'
fnrther Indications OF a plethora OF money
in the west and southwest. -
vices Of even greater activity. Many Q
ne large steel mills are having great dit
firt,ltv in meeting delivery demands o
CONSUMERS. The New YORK, New hSNei
and Hartford road submitted the result %
rs operations for the fiscal year, WIZ
a reduction of 81, 10000 in operating oeSS
uenses and a total net gain OF over 49,,
6o. Returns OF the Brooklyn Rapi9 Ifsn
sif company for the year, showed d ue
crease on NT6,00 in total earnings, pu
Economics in operation resulted III d ne
increase of SS69,OOO. ..sas an,
Rnnds we're weak, with severe losses, W
large transactions in the speculative ISSUE
Total sales, par value V'Ol''VO' O"'
states bonds were steady. -,zr
Number of sales and leading quo''
w-awA Nc NnIlnWa.