The Washington times., 1901-10-30


cations are likely to be at fault at any
time.
The news developments, or rather the
rumors, were not especially novel in any
direction. On Monday it was said that
there was friction between the Morgan
Hill forces and the Union Pacific inter-
esJs. Yesterday it was said that there is
no truth in this rumor. and that in all
probability there will be something def
mite accomplished in this direction in the
near future tnat will be good for the mar
ket. On Monday it was said that gold
had already been engaged for shipment
to Paris, and that in all probability the
total shipments on Thursday viii be
$5.e0G,O00 Yesterday morning it was only
said that some gold shipments are pos
siDle. though exchange is easier, and II
was argued that this is not in the least
an alarming matter, as the flow Of money
from the interior to New York will be-
gin shortly. on Monday it was said that
cut in the price OF copper was prac-
tically assured Yesterday morning it was
said that the copper situation is better,
and that there will not be any cut in
the price. if the officers Of the Amalga-
mated Company may be believed At the
beginning of the week il was said, very
positively. that there has been a disSo-
luton OF the steel pool. and that the Steel
securities will be Obliged to take care of
themselves in the future. Yesterdays
story was that there is good inside buy
ing of these stocks and at any rate they
both showed good strength after the op
of the company for October are much
the largest on record. and that the talk
OF competition with the trust is not cred
tied by well-informed people So the con-
tradictiohs of Mondays pessimisms might |
be continued. As matter of fact, the |
one set OF stories is probably as true a
the other, both being put cut by people !
with operations TO conduct in the stock |
market that need the help of active lit
erary bureaus.
The most interesting movement Of the !
day was in the Vanderbilt securities !
Michigan Central. New York Central. Big !
-Four. and Northwest all showed much (
strength, especially the first of the group, (
which scored tremendous advance. The !
story was again put out that the Wander |
bit deal for the absorption of the lesser |
Vanderbilt lines is under active consider
alton.
The anthracite coal securities were
among the strong features Of the day
The reports Of the Erie and the Reading
for the month Of September were both |
good. ana had good effect on the oper-
ations in the group. The story that the
New York Central will purchase the Del
aware and Hudson also. perhaps, had
some effect on that stock, though the
story is considered absurd by conservative
people. The Delaware and Hudson stock
is held by many people. and II is said
that it would have been impossible to
secure control of 1t without advancing
the price more than II has been advanced
The Erie report attracts especial atten-
tion, showing a very large increase in net
earnings. and there is much talk Of the
likelihood that the securities of the rnm-
pany may be advanced in the near fu-
ture.
Of Missouri Pacific, which by some was
ascribed to Gould interests. The stock
advanced to the best level attained by 1t
on the bulge of last week. There was a
f.T.a1 saff = Ha ztga hat &c
a Greater Missouri Pacific deal in the |
near future, hut little attention was paid
to them.
As had been predicted, the Atchison !
September statement showed another |
handsome increase in both gross and net |
earnings. the showing in net being an In |
crease OF S432 COL. The predictions Of the |
officers of the company that It's earnings |
will be quite as large this year as last |
seem to be very sure of fulfllment- The |
October business of the company Is SAID |
to have been very heavy. and while there /
viii be some shrinkage undoubtedly when |
the corn crop begins to move this winter, |
it is not believed that this will nearly |
Offset the handsome increases already |
piled up. Atchison preferred stock was |
strong yesterday. but the common went |
off somewhat. The granger list generally |
was steady to strong.
A good authority was quoted yesterday |
as making the statement that the Oc- |
tober earnings Of the United States steel |
Trust promise to be far the largest since |
its organization. showing a net profit Of |
at least t1l .O09. COO, at the rate of $132, |
0O0. 600 a year. The particularly large show |
ing is said % be due partly to the fact |
that orders held up by the strike are row |
being filed rapidly, and at best prices. |
But this should not take from the eK
cellence Of the showing. as II is stated
positively that the outlook of the COM
pany for the coming six months is very
rosy. The price Of steel rails Will prob /
ably be advanced TO $50 a ton. The steel !
securities ceased to decline yesterday. but |
made little net gain for the day. Tho !
Interesting statement was made yesterday
that j. p Morgan owns In his own name |
100 90 shares Of United States Steel pre-
ferred.
Nothing new was developed yesterday |
regarding the Northern Pacific situation, |
though II was denied most emphducaIly |
that there has been any hitch III the ne |
gotiatiOns between the Hill-Morgan fac |
ton and the Union Pacific interests. There |
was much selling OF stock short. and Of |
long stock acquired last week when the !