The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-06-28
NO LIFE IN THE STOCK MARKET, BUT
- PRICES SHOW SOME SLIGHT
IMPROVEMENT.

NrEvv- voRR June 2S-At the imnle-
5fata onentng there were signs of
6ov,o1rard trend in values, but this
weakness did not 60 far before 1t was
checked and The early sellers turned
buvers The enormous first Of July
distributions are beginning TO make
4heuselves felt on the market, and the
excellent weather for the growing crops
IS q factor In creating a better inquiry
among investors and speculative trad
ers. There are still vague and mys-
ferrous hints relative TO the Hartman
stocks. Today the rmor is directed
toward Southern Pacific, Something
IS going to happen" So far as action
In the stock indicated. the something
Is not a very big card. for there was
nothing more than the fractional adj
vance that attended the general run
of rails. The Hin stocks are being
consistently doomed on the crop-mak-
ing weather and. Furthermore, on the
fact that these shares have not been
prominently to the fore in the move
ment that carried Reading. Unions and
Southern Pacific. and other market
leaders TO their present high ngures.
They are but comparatively Few
points from where they were SIX
months ago. and with the acknowledge
good management, fine earnings, ana
good future, should be easy TO move on
There were few specialists IN the
market today. AS a rule the gains were
%G1s point Shares IN the Gould roads
were less active and made less improve
ment, moving within a very narrow
range. This was especially true OF MIS-
souri, Pacific which cut but little ngure
IN the days business More faVofaDle
reports concerning the physical conal-
ton Of Mr. Hartman made Union Pa
cific prominent in the trading and there
was also a Z OF point gain well nam
tanned Erie, too, assumed prominent
position with the best Improvement a
gain of a dollar a share, although
Chesapeake and Ohio tied with IL IN
extent OF rise.
West Moderate Buyer.
The West was a buyer to a moderate
extent. choosing the Harrimans and
Hills as their favorftes. Investments Of
July disbursements were generally no
ticed in the rails. the metal stocks hav-
Ing a bad day as TO the volume of trad
ing. and only displaying a fairly good
tone IN the matter of price movements
The weather was against ACTIVITY ana
MANY of the usual freQuenters OF the
customers rooms were ont OF the city
There was much talk on InterborO
Metropolitan preferred Rumors OF an
early reorganization or the metropolitan
Street Railroad Company impaired con-
siderable strength TO lnferurban, al
though acne had any dennite idea as 10
INV AlAS -LAaA9 ~ A'@a -
Metropolitan were TO be raised. other
than from the pockets Of the share
holders Of the InterbOrO common.
Union Pacific sold from 1924 10 1885
aud back to 1884, Southern Pacific,
Baltimore and Ohio, AtCEisOn, and
most of the rails were 3 higher on the
average
Light Trade.
Trade IN the Steel shares was the
Iightest fer weeks. Common f1uctuated
between 661t Q66ss, practically unchanged.
The preferred was scarcely mentioned
and steady as to price. Copper rose =
OF q point, after losing a. and then
went back to the opening price de-
cline OF 10 shiilings a ton IN the price
OF the metal in London was responsible
therefor. Smelling and most Of the
equipment stocks steady and without
Quotable change
On Dead Level.
From noon until the second hour OF
the afternoon, there was very little
spice 70 the list II moved sluggishly,
and the changes were In minor frac-
lions, back and forth. the actual
changes being inconsiderable, not
worthy OF mention. Union Pacific at
o'clock stood just where II did at the
opening OF the noon hour. 1884, and
what was true OF the leader was equally