Show Financial and Commercial BY HY THOMAS S C SHOT EIf Nosy New York Aug tig 4 American stocks stok huo alit In all ul markets of oC the lie le world hI toa today After two days das of or holiday holi itoh- hol- hol day London oH opened sluggish with Americano heavy but when New York opened Steel eel preferred 1 antI and Union Pu- Pu Immediately I assumed leder leadership lp In an hu movement Tho Time short Interest was itS frightened and HI tho ho entire market markeL became buoyant 1 London 1 on t the tho 10 fever 1 0 and tho time close ciso in the tue foreign market was high and ami an trading active I In ml tiam lw afternoon l copper stocks multi and Reading Joined the time leaders rs rile Tho ReadIng Read Head Ing log act I activity was du dun due tI to tu a report that thata a decision In lam the tue te Hepburn urn law in lit re regard regard re- re gard to I Ih the he rights of ur tho tue railroads to lo toOn own O n mal properties OI would hI bo bu I in him I ra favor VOl of corporations The lime 1 buoyancy U 0 1 in m the lie copper was due to an advance aJ of or one of oC a t cent a pound In the thi metal Although h the time production of fro I C capper II Is ls double the tiO consumption con COIl I hern Is he a alry very strong and auth an active avise for fur R it both bolh In Iii II l and America Duo t tu D o horn Perhaps tile the most Important Important Influence tOlla today was I 1 I. II 11 I. I HarrIman's action acton In imm saving the Gould properties from re re- re The Time market Ilk t Is acting ver very much as us It It tl did when saved sa el tho Irle and proposed hi ills hit personal su supremacy Sl- Sl su- su over the tle Morgan outfit r The rile e Gould properties have ilave ha 6 been hanging over o cr Iho tue market for months and a re receivership re- re fur for ito tho whole seemed scented a certainty certainly until stepped In In and out lt ot or tho the kindness of ot his heart restored re re- re stored equilibrium Incidentally liar liar- lar- lar riman hu has Increased his hll own power newer to toa ii a remarkable 11 degree gre and has hus added ath 1 Frie and anti alt all al time tho Gould roads rond to his hll railroad dominion Reorganization of the him Gould roads in and about Pittsburg Pitsburg Is expected to show In absolute absolute absolute ab ab- ab- ab solute control of ot them with the Erie Brie wih as their eastern outlet Drop Young ou The buoyancy of ot copper stocks Is Isue due ue partly parth to the elimination of or Iho thu youn l' l element ot or the Guggenheim family Carly from tho the Smelting Smelting- trust truSt It I is understood that Daniel Guggenheim re retails retains re- re tabs tails practically all al the stock tock ho lie ever had Imad but he e was never ne er a a. a disturber per per- The fact that Junior companies companies compa compa- nies controlled by the Smelter trust trustle are le now nest producers naturally the family company compan Tile Thu ph phenomenal of or lea lead being used usel by corporations corporations corpo corpo- rations and ald railroads on repair work during during- this the period of or enforced Idleness h huts has 8 made the time I Lead trust a n nery very ery valuable valuable ble tile asset of or tho timo Smelting Smelting- trust Announcement that limit the tho Canadian Pacific Pacific Pa Pa- I switchmen trainmen conductors and engineers would strike ut ul 10 JO J 0 o'clock tomorrow morning moring had lund but little ItU ef ef- ef on time tho stock There Is said 81 to be bo boa bea a Q pool operating In It It taking taking advantage of or l hl wheat reported tage tuge the tho imig lg crop in Canada TIme The h operations of ot this pool pooh proved enough today to counteract the bearish Influence of or the strike strike- report report- Canada has ho compulsory arbitration KO so KOthe the th strike cannot be bo prolonged e M Morgan lull stocks shared In the Iho ad ad- 0 III n vance anc Northern Paclo crossing cro 13 The Time street has ilas ber been n given to understand understand under under- stand recently a community of or interest In regard to the stock market marketha ha has been established between Harrl Hanl- man nn and Morgan very verv like hike the one oue es established es- es eight ago In regard to the tho railroads of or the Northwest The lw result I Is that the bear lear party part In the I street IK is being crushed out of existence b by the combined d power and beaten to death with wih time cheap mane money with wih which both are arc assembled 11 The r result uI of SteelS which touched higher prices than titan any reached In 1907 Is due dime very largely to tho tue tw existence exi of oC a n stubborn short short interest Thousands Thousands Thou Thou- sands of or Investors Ir who were caught short hart during too tue panic went short hort of Steel as a hedge It I ha has been con can d Into a ci high bight stono wall wal and they twy are arc being punished severely In their attempts at- at tempts to II escape pc I to tn I ct lt A her It I Is reported from rota Pittsburg Pitsburg that President Delano of ot time Iho Wabash abash rail rall- ral- ral load oad will trill wIl retire and an that will wil dictate his successor The governments government's weather report I is issued issued is- is sued early carl in the tho afternoon was not 1111 reassuring as it I Mu suggested geste the possibility of ot hot dry winds In the tise corn belt heiL Corn reacted slightly 11 ht but but that was due chiefly to taking profit following following fol fol- lowing lowing- the th sensational n advance of ot Iho tue previous day The Tue markets for grain grat grana a are 10 very cry strong and reasonably so in view of the weather conditions Tho The farmers are arc getting time tho ld anta advantage of ot this timis rise 1110 and speculators ore are tal taking n the time therl rl risk k Thorn Thern will wi be fo Co grain to go round ID In the Street Number of or shares of ur stocks sold to today today to- to tU day corresponding U day a year ago go Par lar value of or bonds ons sold today corresponding day ay a year ago Reports of ot cooler weather in the corn belt it and publication of a n report by B. B l. l W. W Snow which wals a va considered bearish learish caused a decline oC or about a cent a I lJ bushel hel in corn today Mr Snow condition places the tue present average of ot corn at compared with a month ago ngo and ammil allt u. u u year car a ago o. o HeI lie He I estimates the crop at nt bushels which Is tho time second largest l crop on record Il lie Il gives the c condition of ot spring wheat at tL 17 as 1 compared 93 in Jul July r and anal alil 8 1 at Lt this lids time last year ar He lie le says ays that conditions do not nOI favor Cavor a spring wheat iron Fret materially material larger than titan I hat harvested har In 1907 He lIe places plaes tl tin timS rendition of ot oats at t 7 76 7 compared corn com 00 pared with wih a month ago igo go and a U year Ear ago lie le estimates time the yield o ot of C els cIs oats Is ts at to hush bush N. N Estimates of the lie earnings of or Atchison for Us its Is hiscal year ear are placed at i 72 71 cent on the Iho common compares es with I 13 15 per lr rout cent cOlt in Iii the year ar rite Tho committee QC f the time Ilu Ii Iii Iii- cago cage Great Grent Western Vestern debenture holde has hns practically decided that In lam the r r. r r.- r. organization of that railroad the preferred pre pie rore forred B K and common stock will wi I b 11 merged into one class of ot stock In Ii working out this arrangement 10 lou IOu shares of or preferred U 13 I Mould be con coat the equivalent o of OO s snares wr o othe of the the common |