New-York tribune., 1899-08-20
fnanrial.
FINANCIAL FORECAST.

FINANCIAL FORECAST.
In order to avoid the necessity Of replying TO many
letters o; inquiry would like readers to understand
that am M, nov engaged in the commission business
or interested in any Arm ot brokers vii not under
any circumstances receive money the public for the
ing ;hen o. issue order. therefor In my relation 10
Wall Stree, reprssen, small group modest capital
ing to m.ri, and the cooperation OF the public
IN concentration Of buying be,isve plans will work
TO the benefit all parties When we think security
/, worth more than quotations Try to influence
sufficient buying establish that security upon T1eh
higher level as its merit. Justify.
or all m. forces which work in Wall Street there Is
certainly on. which can always relied upon and that
is the public It persistent and patient work
for year. 70 Try and establish IN. regard
and confidence Of These market letters have
appeared simultaneously ~ the Leading sunday
The views herein expressed been given with
frankn.ss precision and In experience
had but positive disarpcinrnent in the
market. because the public followed m.
eouraseously than expected and on the morning
Of IN. csrd ., January 1909 th- besrs went ~ IN
panic and Jumped Pan Handle into whir.w-nd
that both enemies ard friends for m.
time being Pan Handle IS selling az higher
prices than when purchase time In
every other instan,e literally exception posi-
,ious in this column with reference TO special
stock. have beer justified nv The outcome Par Handle
ls no~ acting in manner to its friends Il IS es
,shiisnng ITSELF ~ constantly higher passing
through that kind ~ advance which Is substantial
and permanent nature. hope the advance will
con,nu. quiet and steady and volcanic but there are
Developments pending which any moment force
a sensational movement in this stock II may suddenly
,ranspir. tnat directors their articles OF incor
poraton and csnno continue fraudulent policy against
The interests Of their ovr stockholders and for the ad
vantage Of another corporation which elects th-rn and
owns them But whatever may he outcome Of these
a..
have often given TO thts stock and hope
nv readers will retain their indefinitely The
stock sci above and kno" Of nothing
At this tim. which will cause serious reaction from
any higher ievel 1, may reach.
II ia seldom that we quotations from previous
letters but in order persistent position the
pres.n, market may altogether unts'Asao- quote
from letter 81 August sth:
'h. narke, will not positive tendency af.w
days but when locks most weak It is gaining most in
strength Every day It Is gathering forces Within
nfteen days will determined upwa1i
ment During that movement ST. Paul vtllJ,-n above
40 and other stocks viii sA-snc.
reputation properties and the fore. of'manipuaton
may influence them"
Tn. market is literally undergoing such movement
this tim. ard that before nfteen
DAYS had expired This count-y passing from mid
summer into largest fall business it has known
!, is coming period when the largest earnings
italists are committed important undertakings
Under these ctrcun,.tanc.- It
Island without agitation speculative circles. ETen II
both corporations should not distribute larger
O, earnings would have the n,srk-t 'conmo
tiou Just the " opinion however. that both
companies viii distribute money than here
tofor- They ouEh, 10 The directors OF important
properties coming q better understanding Of
their du-, They must only provide for he
proper repair ~ their properties but
they must also look on The other hand
/ ot their property
Because the Pennsylvania Railway Company has ig
20 discriminate against rs shsre.
Measured by its position. rate Of
sad It's assets. Pennsylvania Railway selling
FAR Of similar properties. President Cas-
tration In thi. regard. doub, and his
70