The times. [volume] (Washington [D.C.]) 1897-1901, 1898-03-12


The outlook is a most unpleasant one
for the bulls. There seems no possibility
of escaping drop of ten or more points
between this and next Tuesday or We'd
nesday. After that, If war is avoided, or
postponed with a prospect even remote
that il may be at last avoided there
should be small rally. Sell at this time,
however. There is every indication that
bond deal has been dropped temporarily
by Mr. Hanna and his friends in this
country and England, or perhaps that the
President has dropped these gentlemen.
The Times has forced this remuneration of
booty If ever financierS were forced to
give up their plottings and plumber by
newspaper. From the day of the Maine
accident the peace at any price policy
was exposed But even before the Maine
sailed TO Havana, many months, the plan
of the bond crowd TO cause the Cubans
to purchase the freedom that they had
already won was carefully explained and
pilloried in this paper. The people have
become convinced that this deal was on
the point of contamination, and the cry
that went up from every State in the
Union has driven off the vultures. War
seems inevitable: message will be sent
to Congress by the President on Tuesday
of next week probably, and there will
be a recommendation that the indepen-
ma crowd have given up their game for
the time being the war will be allowed to
go on for a certain time. 1t would seem
to be the most likely ending that Spain
should appeal to Europe then and that
some nation friendly to both this coun-
try and Spain should advise America not
to punish Spain further. Then the bond
deal would be in order again.
The stock market opened rather strong
r soon dPVpiopp1
ness again, and after the opening was
pretty steadily on the decline all day
This has been popularity of the market
ever since the Maine disaster, and the
meaning of the circumstance is rather
difficult of comprehension. Certainly the
developments over night so far have been
as damaging in most cases as those dur
ing the day. 1t is probable that the ten
dency to sell over night and to realize in
the morning may be accountable for part
of the movement.
The earnings of the Chesapeake. and
Ohio for the first week of March decreas-
ed $23, 600. NJ. X. T. for the same period
increased $31. 600. Rio Grande Western
for the fourth week of February increas-
ed SO, GOO. Ontario and Western for the
first week of March increased s4 900 Chi
cago Great Western, same period, $l5,-
900. Wabash increased S57, Coo
The gold movement has now reached
the neighborhood of SIS 006, coo, and there
seems no probability that it is over. The
conditions are favorable for ten millions
more to come this way.
Letters corner in wheat will be entirely
successful. ii is thought by careful OBJ
servers. 1t does not seem probable that
he can lose control before the new crop
and if this is so he will be able to sell
out at Sc, 00O000 profit at least.
The pool operating in Tobacco manage
to hold the price up fairly we'll The de-
cline in this stock has been less than in
any other 1t will prove losing game
almost surely. 1t would be foolish TO buy
Tobacco, because it is relatively high at
this time.
Dow. Jones & Co. have, this to say Of
Northern Pacific, and you may take eth
er end of the argument that you choose
II is fitted 10 suit either bulls or bears
THE selling of Northern Pacific Seem
ed TO come from houses that have usual
ly had inside information on the property.
Some of the stock sold went to Berlin and