The Montgomery advertiser., 1909-09-20
FINANCIAL REVIEW

New York; sept. 1b..hne ePoanasd and 6roadened materially last week week and carried prices comprehensiVedy upwards. making record Ipnie,satiSe prlesss iSe mediums. nU The motive for. the revived activity ostensibiy was the renewea confidence in the growth or ovsinssss sr creased proiits of corporations and en.. larged disbursements In the form o1 dividends. The. movement owea aansrai musI tS iS ths ths iSSppRRSiai sSpRSiiais aistSict that more
 cult forces were at work growing o9l of agreements between great pahn
 ing powers looking to the snd haTmIn're tbeir re
 moval as possible sources of frictioh
 While explicit information on tn,s dhS of the representatives of the interests involved to foster the behef anMis. m suSn an sI1s salSstimsn.i ssntimsni wss s masnied By the fact that a fear had grown up that a clash had been threatened which the capitalists who have supported the great Speculative movement of the re, cent past. In both of the last f9rnai ia Hartman before his death there were hiscondition by "friends ana others
 and to attempts 10 ra'a in pmrope' nis Which bore a strong fla vor oe resentment.
 Information emanating from nS tnS American bankers conyention tha aiiegeo re. organization of the. finances of the Iinion Pacif1c and the segregation .ot its investment assets through tne a 1ni :, In the securities of the company which prompted MT. Hartman. on his re- turn from Europe. to repudiats tn tns an open breach would result amongst the insiders in the. property. and tnae the integrity Sf the o,i1 mHTkst .,so poci .na m dangered by the hostile measures ike l ly to develop. It was relief from this apprehension that had much to % We.H ties lSst Sse week. In face of depletion of tho money market that would have checked such speculative outoreaK The announcement made by Kuhn. Loeb and Company. or the day dt f0i
 lowing MT Harrimans, i'm ,n,.on 6eavn1i w1th 'na fhe ests in the Union Pacific gave the hrsi check to anxiety on this matter. Il Dnnn,rE wss rsneT of last week by the failure to EaJ eEset t. F. Morgan. Jr" on the Union Paeifc board. as had been rumored
 would oo be aSns, hS Union e'P Paeitc E. stock stock tS,,Owimp tSs eompany. nys which had been borrow | Ad for the purpose VI NopIosohhettoI' sft inc Union Pacific annual meeting, H9ured as an additional cause of un- easiness in the sharp break in prices ~"s'"eSo ~'n'''S occurred at tie opening of the week. oh ,r,nortaroa v., | attached to the election of the junior MorSan as a director of the National ] Csitv Hank, and of Chairman James Ssi',Re"c Sf tSs cleeveiand, Cincinnati. Chicago SnH St Louis Railroad. The fact that ona Morgan partner already sits on Sb~ National Bank board. and that
 fanes Stiliman has long been a dfrec- tor Seff of the New York Central controIl- tur the Western connection, was not aifowed to detract from the import Snc. unsigned to this episode In the 1revaiiinK spirit of the speculation. Set free from the restraint of these | PesTs of quarrels amongst financiers, nnrv nnS resistance United States Steel m % %mo,Snted by long strides to far above | its nreyious record price and the en- thusiastic reports from authorities in the iron and steel trade were accept great sT prosperity in ali departments Of | industry. The hopeful tone of Presi- tient Taft's utterances when setting out on his long. trip set an oficial sest c1, fhe confidence prevailing, and