The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-09-10

those present, the scene enacted was
most affecting as the husband and
father babe his wife and children
good-by. With unfaltering courage,
but ebbing strength, he clasped hands
with all for the last time, embraced
them, spoke words of cheer to his wife
and daughters and of advice to his
sons. Roland and Averell. Roland, the
youngest son, who had been his
fathers constant companion during his
illness, was shaking with sob as his
father clasped him in his arms and
whispered the farewell words.
According to a statement made last
night by Mrs. Charles d. Simons, sis
ter of Mr.. Hartman, death occurred
at 1880 p. m.
About 2 o'clock Wall street heard
rumors that the fnancier was dead, but
that the statement to that effect would
not be given out until after the stock
exchange session ended. A telephone
call to the Hartman home at 1875
brought q positive denial of the report
of Mr.. Harrlman's death.
The general opinion in financial cir
Giles this morning was that the business
world was prepared for the shock OF
MIR. Harriman's passing. So firm was
believed to be The foundation he a
established for the towering business
structure he reared that little or no APP
prehension was expressed. 1t was
pointed out hat the railroad builder
had placed at the head of the various
properties he controlled men in whom
he had confidence, and who doubtless
had instructions to pursue the policies
which had carried the Hartman enter
prises to success.
First prices of stocks showed wide
gains over the closing prices of yes
terday, when'the market was under the
influence of rumors of Mr.. Harriman's
death. The Hartman stocks them
selves were leaders In the advance
and the centres of activity. There were
sales of 5000 shares of Union Pacific
at 1877 and 1861, compared with l94is
last night; of 5000 shares of Southern
Pacific at 125 and 125%, compared with
1873 last night, and of 5000 shares of
U. S. Steel at 77% and i71a, compared
with 76s last night. Union Pacific pre-
ferred also was up "a.
These prices were all above the
parity of the London quotations re-
ported just before the market opened
here. This was true generally of all
of the international stocks, which
showed gains of from | to 2 points over
yesterdays closing prices. The stocks
with n wholly domestic market shared
fully in the strength of the interna-
tional issues. In London. American Sc
curities closed firm, prices hardening at
the close.
Prices yielded from the high opening
within the first quarter of an hour,
bat were rising again by 1890 o'clock.
Professional operators, who made short
sales at the high opening level, found
resistance to the decline and rebought
their stocks. On the rebound prices
rose higher than at the opening, Union
Pacific touching 1879.
Very heavy buying orders fell into
the market. Early in the second hour
Union Pacific shot up 6, the preferred
stock 81, n the list generally from
! to over 2 points.
The shorts in Union Pacific found
themselves In distress, as the price con-
tinued to mount upwards and their
buying caused wild fluctuations in the
price of u to u between sales. Union
Pacific sold at 2021a, a rise of S points
over last night; Southern Pacific at
12S%, a rise of SIS over last night.
A statement was issued by Kuhn.
Loeb & Co. and the National City Bank
interests, as follows:
at is announced that Kuhn, Loeb &
Co. and the National City Bank in
~terests are acting in unison in Union
Pacific affairs. and they request stock
holders to prepare their proxy blanks
which they have received and forward
them to the Offices of the company"
This refers to proxies for the annual
meeting of the Union Pacific on the
second Tuesday in october.
The death of Mr.. Hartman was an
ticipated by the London Stock Elk
change, and, after a long period of UNI
certainty, the effect of the passing
away Of the railroad magnate was not
as pronounced as had been anticipated.
Prices We're marked down at the open
ing, but the market was quite uncon-
cerned and Il recovered quickly AMI
we'll when the buyers came forward.
The belief Is general hat big Wall
Street interests are protecting the mar
ket.
Continental buying also assisted and