The times., 1901-06-17


/ compare as follows for the same date in
preceding years:
Sur. reserve. Total reserve. Loans
1895 ...... 5g27z so 242Gl6,9O1 500. .336. so
lS97-....... 4s.8y0.95J l96.523,000 5ls, $50, so
ls36-..-..... 19,sJs,250 I43 100 475,5s3, go
lsg5.....-.. 55.544,25) lsol59,0)0 5l2,9J6,0oJ
1SJ4......... 7637g,575 2lS 997,j01 465, 3S3, ,69)
le95........ If4;,5zt II0,iIO,gJ9 40, 4G3, 100
l>s2........ p. 1oS,s2j 5s,Ogy,GJJ 5000, W
lssl-.......- lb,lIZ.2z5 ll4,sis, 100 3o,leJ, sDJ
1syJ--.--.-. o,l449zj l01, IOi, 200 S95, ole, 800
lsss..-.....- 9,2zo,5co u9.763,l0o h6.s2y,ooo
The calling Of tie Pennsylvania sub
scriptions to its new stock. on which the
final payments were 10 be made on Satur-
day, We're undoubtedly The cause OF the
advance in money rates. While the pay
menJs extended over a period OF two
weeks, still the greater part of the funds
was not received until Friday. The same
transaction was one of the chief causes
of Saturday s poor bank statement.
U:ion Pacific occupied the centre of
traders attention last week, and may do
so again this week. Statements issued on
Saturday Of a serni-ofhcia1 confirmation
thar 4 deal was in progress between the
two roads added 10 the activity which
was maintained until the close OF the
week. There were all sorts OF rumorS
afoat in addition to the general COM
munity Of interests plan Color was added
by the report thde the terms by which st.
Faui was TO bc taken over were ldentiCa!
with those of the BurlingtCn-N Northern
Paciiic-Great Northern coup. In fact.
Northwest ana Union Paclnc Were to
stand Sponsors according to one oi Inc
many reports, and the grand har-
monization Of railroad interests IN the
West was 10 be realized when the asw st.
Paul deal was completed.
The best information obtainable in the
matter was 10 the effect that Mon Pa
cfic interests have made a proposition to
the leading stockholders IL the st. Paul
Al
Of amicapIe relations with the BuTllng-
ton. but that the plans were immature.
insiders whose information has always
been reliable, stated most emphaIlGaly
that there viii De no purchase OF ST. Paul
. by the Union Pacific.
Colorado Fuel and Iron made a sensa-
tional advance last week. The most di-
rect explanation OF its boom was that
the company would be absorbed by the
United States Steel Corporation on faV-
I orable exchange of stock. Officials of the
company admitted on Saturday that ten
Jative proposals had been made 10y indi-
vIduals representing the big trust looking
I 10 a purchase ef the Western property
1t is understood. however, that President
Schwab is directly opposed to any further
acquisitions IN the interest Of his com
pauy.
The same arguments explaining the
/ strength in Colorado Fuel and Iron are
advanced in the case Of Tennessee Coal
and Iron Sloss- Sheffield Steel and Iron and
some Of the independent properties whose
( securities are traded ia on the exchange
Explicit denials come from othcials OF
other concerns that any negotiations are
in progress.
some authorities on Pressed Steel Car
expect that the company viii ultimately
pass into the control OF the United States
Steel Corporation. The Pressed Steel Car
buys its steel from the Carnegie Company,
which is part Of the United States Steel
& Corporation. Pressed Steel Car in fact,
i is the largest buyer of steel that United
States Steel has, averaging about 100
tons daily. 1t is asserted that Pressed
Steel VIII entertain no proposition to con-
s0.idate with any other car company, and
/ that all such rumors are without founda-
/ ton.
! The letting Of contracts for the Wabash
: line To Pittsburg cXerted good effect on
/ the stock on Saturday. II Is believed.
/ however, that except IN the case of Mis-
souri, Pacific and perhaps Denver no i'm
I pcTtant developments affecting the Gould
roads should be looked for at present.
The Waldorf party is bulIish on Anal
! gamated Copper. claiming that the stock
/ would go TO l30 within few days
! Inside sentiment was bufish on Western
J Union on the earnings and the company s
| dividend record. The rumor Of deaf
J with American Telephone and Telegraph
/ is not generally credited.
The directors Of the Missouri Pacific
! Railroad Company viii hold a special
! meeting at noon today. The object Of the
! meeting has moi been announced official
/ ~ but it is generally believed that ac-
J ton on the dividend question win be
/ taken. The common belief is that the
! stock then viii be placed on per cent
/ basis. and moreover. IL IS expected that
| Missouri Pacific stockholders later in the
year will bC voted valuable subscription
/ rights in connection with the creation Of
/ the Greater Missouri Pacific 1t is to he
/ remarked that while cot fidcnCe in the
: declaration Of the dividend today is
! strong yet this has been true on nuIner-
/ GUS other occasions within the last month
! or two. and If today's meeting should
! prove this confidence again misplaced IL
I VIII be fair inference, as Wag of the
| stock exchange said yesterday, that Mis-
| souri, Pacific directors have forgotten how
! TO declare dividend In the long lapse
/ Of time since such action has been taken
! by a Mop board The stock was weak
| on Saturday. but traders could not decide
| whether this was significant or not.
| The attention being given to the inde-
/ pendent steel companies is considerable
| iR these days and really seems To bc at
! tracing from the hullish interest hither-
/ 10 apparent ia the stock Of the United
| States steel Corporation. II was definite
/ Iy learned Saturday that the purchase of
/ the Pennsylvania Steel Company by the
Nal T SAVES Llgm06 P0m0ar