| Show Financial and andT Commercial BY DY THOMAS C SHOTWELL I New York Aug As AH Soon as a street Passed heard that the tho S tariff bill was al an nn Was stock mal keto Reading made Union pon the and Steel s 4 were centers of or the tue onslaught They l time h Y yielded for fOI a taw few minutes hut bUt great rent Morgan I. I pool came cam camf Into the thA market with COUntless millions and and check checke 1 the decline countess The Tile attack was ma made e about tile the middle of f tue last hour lint hut but so n T V- V Vi i tie determined was vas the aR support that a n rally ruly was already In n progress at the ciot A very cr i largo large short Interest was loft lor nn unco er uncovered d and a sharp contest must bo expected between bulls and bears In the D next t few tew days buls ond bear noon lion hon tho the Reading stock market cro crossed ed acted ici IG- IG this as though after atter- It Were wele carrying carrying a big load The rime stock he approached the the- prey previous oust high record of w was Wan i ic very vry ry cautiously y- y All Al Wall street watching the affair Trading ceased In every other department TradIng Trailing Trad Trail ing brokers became nervous for In- In stead stend o of f rushing their stock lock up In dramatic style they pushed It cautious ly ly ic at nt a n time and In small smal blocks When It Il struck the first sale 1310 was made In a share hare lot Then came a string o of Reading about a n foot root long upon the tape most of It in small lots at t A cautious sale of smal shares share was made at 1641 IG thus tItus establishing a world s record for Reading Heading After hat tho stock sold soll at al 1642 but when It sank to 1632 the whole list broke actively and anih business was WIS resumed In all al Brokers Aro rr Nervous I r ol This Reading incident Illustrates the nervous condition of the market and the extreme tension under which brokers brok brok- ers are working It Is welt well wel known that the Rockefeller Morgan Interests have pooled their market commitments In a general way A member of J. J P. P Morgan Morgan Mor Mor- gan Co Is outside o manager of tho tim pool and ond a well wel known Morgan broker handles the business on time the floor foor The Morgan people are arc committed com coni- to a four per remit cent dividend on steel stool for October anti and live five per cent In January for tor the common stock Having gone one on 01 record In this tiuis decided way the is under obligation to support support support sup sup- port the market as all al professional Wall Wallstreet 31 street Is supporting this leadership The buying of or Reading today was waR apparently apparent apparent- I ly for tor time the benefit of the market In g goral g t. t oral cral anti and not because of any particular development Isol itself All Al day a long Jong speculators were Indus Indu- liquidating their sto stock upon the theory that when whon tho the tall tariff rf bill hil passed passe Con Congress re s there thero would be bo a sharp slurp reaction The rho big Insiders have an Intense in intense intense In- In tense desire desiro deslo to liquidate but have no not nOI done dono so so because the public public- has hns not been present in sufficient numbers to carr carry away the shares hares For this reason reason rea rea- eason ea son and Ind because of oC the tile talk on ste-M ste put out by tho Morgan people nothIng nothing noth noti- ing more than a temporary reaction is ex expected pec I ed Stock Jersey Central was another stock stoCk that made a record un under er inspiration of ot the Morgan lorgan people As Reading controls controls con con- trots Jersey Central the advance e In Reading was partially explained b hy by tile the high price o of the company Another Morgan stock to sh show w Its ls hand at the tho front of tho timo column was Great Northern Ore re which ma made e a new now record at 82 The talk In this direction Is that tho the steel trust will wil ihl take Its full ful quota I of ore from tho Ito land this year ear in operating oper oper- I cUing aUng the Gar Gary plant Buying of New York Central Pennsylvania Pennsylvania Penn Penn- sylvania hanla and other standard Issues was persistent and from the best quarters Number of ot shares sold today year lumber ago Par value alue of bonds sold tolla today year ago 1 The advance of Standard Oil Oh 01 shares shares to above nl as compared with during dUI dur I lug ing the tho ho panic In 1907 reports an elation InG In the capital on paper values value of or orthe the company In two years ear of or ot of t Price Quotations received over private wire of James A. A Pollock Co bankers arid and No G 6 West Vest Second South S I t l- l I IH HJ CJ Cil e I Sales le Atchison 11 Am C Fily 69 Am m Ioco Loco 69 H Ana Anaconda Cop 49 S 2 Am Smelt melt onca 1004 98 8 1 Brooklyn R n T SO SOIl 79 SO SOno I 6 rOO fOO 00 Halt and 0 O 19 1191 1101 19 1 no 1900 Amah Cop Con 85 13 15 JOO 00 Canadian Pac 1871 ISH 1 00 N Y Cent Cent 11 1393 1391 Colo Cob I F an anti and I 48 16 ISOO 1800 dies Cues and ond Ohio 78 iS 2600 I n 1 and R n G 51 CO Cl 1 8 OO Erie 38 1 37 37 Con Gas Gag IH IH 1441 Great Nor or 1511 Illin ls is Cent 1551 l 1551 5 Mo Io K IC and ami T 43 2 I 1211 00 do pfd pM 7 H i 74 H 7 44 I Lou and Nash 1459 1151 iC 1 1100 Lead 90 IU 1620 Missouri Pae Pac i 75 76 Nor and nd Vest West 95 95 2200 Newhouse I 3 3 3 Northern Pac lac IS 1551 1511 1511 I 6 N Y Ont and W 5 52 H 61 2100 Pennsylvania Pennsyl 1413 10 1401 11 Peoples Gas Gus 16 1151 1 15 1154 i Rook Hook Island 37 1411 1000 do 0 pfd 76 1400 00 Rep Hep I and S 38 18 36 37 Reading Heading 1643 1621 Hu Sugar ar 1305 SOO South Pac 1351 13 1311 Ii Southern n Ry fly 22 32 32 2100 St Paul Paul 1591 1581 Tenn Tena Cop Cop 38 Union Pac PacU U US S Steel 75 U 74 74 do pfd I 1271 H lG 1 Utah Ulah Cop 52 j I 61 51 51 1 GOO COO Money Ione closed 1 f 1 per cen cent t. t Total sales |
