The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-10-12
Cove nment nondr.

As far as today was concerned, il
would seem that the pace Of yesterday in
the Stock Market was too fierce. The
opening this morning was. on the aver
age. as good as the close last night.
though irregular, but soon after the. open
ing the pressure OF the professionals 10
realize their profits on the big advance
Was too great. and a general saggIng
Of the level occurred. Doubts cast on the
Northern Pacific deal story and on the
II Paul MON Pacific story probably
had an effect also. The only other mat
Ter that could be considered bearish
FACTOR was a rumOr that a decision in
lhlcal 10 the traction companies Of New
OTk viii be handed down on Monday
IN the Ford Franchise law proceedings
Ehlch was accompanied by weakness in
metropolitan and the other traction So
cuutles The bank statement was a GOOD
one, showing Increases in both cash and
surplus reserve, but IL did not helm mat
Ter, ana the close Of the session saw
considerable part Of yesterdays gain
lost opinions differ as 10 next week :
i--a4h' pEi inc street is rather more
hopeful IMAM Otherwise despite the de-
c.iues today The attitude OF tho i'm
poIlant interests viii very likely d.t,r-
name the question d. there is or is nor to
be further advance al this time.
The figures Of the statement were rs
follows: Reserves increased sls2a I5G
loans decreased s.. GJ7. 500. specie increased
t2l4s.5oO. legals decreased $4,000. depcs-
its decreased $50. 200. circulation increased
Sa6j.7 100. IL Will be- seen that the cash m
crease Is SLIp.ooJ and that the decree Sc
III deposits OF N1t.tJ cuts down the nee
essary reserve 500. 900 so that the total
Increase IN surplus reserve Is 81 800 go
The Increase in cash was the surprise OF
the statement, az the experts generally
had figured out that there would be a
small loss 90 the interior. The Increase
IN the reserve makes UP FOR the decrease
Of last week and more The figures should
De considered entirely favorable as Il is
thought that the greater part Of the de-
maud for cash from the interior has been
satisfied.
The gossip regarding the railway situa-
tiOn IN the Northwest includes dozen
different rumOrs, most Of which are un-
cOubtedly untrue. There is, however. a
kernel Of truth in them and il Is tnis and
not simply manipulation that has caused
the hg inside buying Of stocks during the
iaIler part or the week, II the cOnseTVa-
tive people are 10 be trusted. IL is proba-
BE that plan for the financing OF the
liil-Morgan properties in the Northwest
is being arranged though II may not be
announced to the public in the near fu-
turc. II is also probable that the St.
PAU ana Union Pacific people are inter
estcd In the matter in some way and that
the result hoped for is a virtual unlfica-
ton Of interests among all the railways.
st. Paul Union Pacific. Missouri Pacific,
the Atchisons. and Great Northern were
all sold on this morning. not by the in
siders II is believed. but by the profess
iOnals and the smaller outsiders 10 take
their profits
Southern Pacific during the earlier part
Of the session was strong. getting above
g.. Later II lost its gain. The Keene
brokers were buyers Of the stock. II was
said. and the Keene interests put out
circular on the property Of a most bullsh
nature. asserting that the cOmuauy WIFI