Garland Globe | 1907-03-16 | Page 5 | Excitement on Wall Street

EXCITEMENT ON WALL 8TREET. Sensational Buying of Reading Start All Sort of Rumors. New York. Sensational buying of tho shares of tho Reading company, on Wednesday gnvo Wall street Its most exciting oxporlonco elnco the Northern Pacific contest ot six years ago. Reading had been Btrong in tho face of a generally weak market all through tho morning sosslon of tho stock exchange, when shortly after af-ter 1 o'clock there doveloped an enormous enor-mous buying movomont In tho shares which carried the prlco up moro than 8 points In halt an hour. Up to tho closo of tho market there was nothing to bIiow tho source of tho purchasing orders, but a porslstent rumor wns in circulation that 13. II. Harrlman was buying tho stocks with the object of acquiring control ot the property, and that Mr. Harrlman was taking all that was offered In tho open market iu addition to tho holdings hold-ings of II. C. Frlck, which ho was said to havo purchased prlvatoly.