The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-07-17
IN PREMIER POSITION.
UNION PACIFIC LEADING
MARKET STRONG.

NEW YORK, July LIT was a case
OF out of Steel and into the Harrimas's
under the leadership of the grand old
leader, Union Pacific. The story o.
Hartman and his splendid physical con-
dition with the general determination
or the part Of the forces that rule the
market to make for higher prices. was
all sufficient to start the bali rolling
and the two hours session was charac-
terized 10y lively buying and advancing
prices. Union Facinc maze a new high
record, touching 19S the high point in
ITS history. The .00-mark is not nearly
as far away as It looked short time
ago, and the prediction that it would
touch and pass that figure has more
chance Of being verified. Closely follow
ing Union came Southern Pacific with
a. poin. recovery; Rock Island, Third
Avenue, Reading, Amalgamated Copper,
Louisville and Nashville, and other
stocks with a good movement.
This does not mean that Steel was
neglected. II is decidedly popular. and
the talk of the Street Is for higher
prices, and it Is talk that viii not down
But this morning there YES realizing
IN both the little and preferred shares
and, while the selling was well taken, II
was at moderate receSsiOns from yes
terday's closing. The talk on Steel COM
mon was never more bullish. 1t is be-
lieved that the steel schedule IN the
tariff bill is practically disposed OF, and
the increase in the business promises
TO be TO the 100 per cent capacity before
very long. The Baltimore and Ohio is
reported in the market for $l0.000,0 600
equipment Advances in the prices of
steel products are generally expected
within the next two weeks. There are
uumiStdkdbie evidences that the public
is coming into the market and the flow
Of July Refreshments Is furnishing bust
ness for brokers' and commission houses
Republic Iron and Steel Strong.
The Republic Iron and Steel Company
this morning settled with the Amalga-
mated Association for another year.
signing the scale This avoids possible
trouble. The stock of the company was
again near high records. The trade re-
vival has helped the earnings Of this
company much in the same manner as
it has that of the big trust The bulls
appeared to consider the settlement Of
the labor question as a good enough
reason for buying the stock.
Union Pacific started the day at yes
terday's closing, 194iz, and sold to 1913,
reactlng fraction The trading was
EllDLllluAE- GAEduABk started N AROUND
155 and touched 1868, with a fractional
setback. Southern Pacific gained
point 10 1345s. St. Paul managed 70
hold a rise of S. but it moved slowly
as compared with the other stocks.
Louisville and Nashville and Atlantic
Coast Line continue 10 climb in
manner thoroughly satisfactory to hold
eTs Of these shares. The latter sold to
1924, or Ia better. Louisville and Nash
vile st--oeg at 1914. Baltimore and Ohio
moved up =; Great Northern and Nip
Der 5s. Atchison gained q,
GOulds Slow.
The Gould stocks are standing still
They seem to be deserted with the
cheaper grades. while the movement is
confined to the better stocks There
doesn't appear to be the same interest
in them that there used to be, although
they may pick up, after the others get
a better start. The loW-priced stocks
must feel some of the betterment IIi-
nOis &c 1tral was weak on a report that
IL would not figure in any Hartman
movement.
The industrial list acted splendldly.
Copper rose q point and Smelling D
after poor start. Steel common made
a new high at q, but the selling in
creased around that point and it went
back 20 a weaker clos.