The Washington times., 1901-09-07

do not wish to sell and there is ample
reason why If people wish to put up
prices they should wait little. Inc &C
tual busine SIS conditions, on the other
| hand are for the most part excellent, ue-
| spite the talk of the bears. Halfway earn
| ings continue superb beyond the eNpTStd,
| tion of even the most optimistic DNi
dends are increasing. General trade is
| heavy and profitable. Prices of all class
| es of goods are higher than at any tune
| before in the past decade. The exports
| of the country continue on an enormous
scale. The strike. while it is dragging, Is
| already almost as good as dead; as Tar
as ii affects the prosperity OF the steer
1 Trust The outlook in all these direc-
tions is that conditions will continue good
| and even improve. More than these mat
| tors. for time at least. is the fact that
| the insiders have the stocks and th,.t they
| wish to sell them. and cannot do so Win
out advancing prcies. II Is not correc.
! to say of course, that the big inside peo-
pie can control prices for any length oil
| time. contrary to the trend of business
/ conditions. But it is entirely within the
| truth 10 say that they can influence prices
| very much as they like for a time ana
when conditions do not charge rapluiy
ana adically. For these reasons ihe oui
! look for the market Is consluertu e~Asei- ~
| lent by many, even though for the pres
| ent il may continue duh and profession
al.
The trend of prices. what there was OF
| it, was toward higher level ana at tiie
close fractional net gains had been MADE
| The leaders in point OF activity ana OF
| strength were the grangers, the Gould
stocks, and the coalers. In all these
groups there were advances on what
| seemed to be inside buying. one or two
| of the specialticS were weak. Colorado
| Fuel and iron. especially, showing pa9
| decline to below par before the close, ana
! Smelters breaking points Ire news ut
| velopments and rumorS of the session
We're not important. Several rumors Q!
gold imports were heard in the street, put
4 l,s.l l-a.ar aah
| truth in them. at least up t. the present
time. II is, however. extremely prooaple
that there viii be imports of Importance
If the money rate advarces on TINS slue
| This tends to alay fears of money stfln,
gency. The bank statement today WIN
show a considerable loss of cash. II Inc me
! eNperts are correct in their figures. Ihe
| estimates. for the most part, place the
decrease in excess of N,0p.0Vl Several
uncertainties enter into the sltua'ioh
however. and it is quite possible that tne
! experts may be wrong. The loan account
| is entirely IN DOUBT
| The break in Brooklyn Rapid Transit
which caused the weakness in the Ihurs-
day market was not in evidence yester
| day after the first hour. Ihe STOCK "eiis
down to 20 and fraction at one time anu
then recovered to above Il. Ihe pear
talk regarding the stock is Widespread
1t is said that Treasury bonds TO the eS
/ tent of SO 100000 are to be issued ana tnat
the earnings of the company for the year
which ended with June were not up 10
expectations. These are the only matters
| that possess any novelty in the gossip.
The old suggestion that no dividend can
he expected this year is made again ana
the old story that the company is paying
out heavy sums in settlement OF uahias Z,
suits is repeated; also the talk OF the time
/ when the company will be forced TO
change its motive power. at an expense
of several million dollars; The frienGs GI ;s
the company are not idle either. 1t Is
said that the bond issue, If 1t is TO pc
made will be for the purpose OF proNidlns
/ money for extensions. AS TOT the cam
ings of the company it is salh that "liie ~
, the report for last year did not snow any
very great increase in earnings the ousl. .
ness of the company during, the past
I four months has been very neaNy anu
ty far the largest in the history of the
company The stock is not faVorite
with conservative people
The rrangers continue to show
strength that is disconcerdng TO tne
shorts This party has been hurt reped a. T.
edly in the group ard asinase AT presst' st Paul
/ and Atchison both advanced YESTERDAY;
! Great Western was strong again arouiiu
25 in way that suggested of lhg19e fbfs Conn pTn
panv was in some ways excellent; though
| its net earnings showed small decrease'
and though the dividend pald on t,is ne pa e
ferred A stock required the use OF tne en-
fire earnings of the company Tor tne year
after the heavy ketterment ana ektehsiol, =
. expenditures. The earnings since the ,n.. silu
of the fiscal year have been much heaVler
/ than those of last year, each week SHOW
ing an important gain For the MONEY!, s. IN. !,
however, the chief interest IN tIls me
does not centre around its earnings re,
norris The outlook for prohtaple uedi
of some nature for the system, IN coilhec-
ton with the community OF mt tefest9 s,ti
{ nlans of the other systems, is nne one.
( president Stickney was quoted yesterday
as saying that there are at present no ne
gotiations for the purchase of the system.
sSfut for all that many people believe ina.
! ol,aS will he made Inc 1Itdt
Western is in a position to make aboruVe !.
all attempts at harmony in the west II u
chooses and il is certain that President
StIckney realizes this and that the con-
Z cert of powers knows that he realizes II.
{ One of the stories yesterday was that
the Morgan people will probably buy OF
lease the Evansville and Terre Haute Tor
the Chicago. indianapolis, and LoulsVllle
1 The two lines are not eonnected,, put ,o oh -
! be built TO join them, and without bulid'
ing the purchase of the southern lhuiahd
4 which could be accomplished al sInal 4,
4 cost weuld serve the same purpose III u
Z thought that Mr.. Morgan may be consid'
ering the advantage that such a mn
< would give him in his dealings on penan
( of the Southern Railway, with the Louis
{ Vile and Nashville. The Evansville ant
I Terre Haute and the Chicago and Easter -,
& Illinois are the only connections that th'
z louisville and Nashville has to Chicago.
Y The Gould securities generally wer'
. strong yesterday: though nothing nsY
q was heard regarding the outlook for tn
z group Texas Pacific. Missouri PACING
y and Wabash all made gains. The Create
= | Missouri Pacific deal is one of those tina
= will depend largely on the condition o
= the market Careful market people, man
70 of them, are buying the securities on tn
declines.
There was no action regarding the div
dend on Chesapeake and Ohio stock a
:, the meeting of the directors Inc carr
" ings of the company are excellent an
a better dividend rate is probably not .fa
. OFF Both the Chesapeake and ONO an
~ the Norfolk and Western earnings report
~ | viii he issued in the near future and bot
are said to make a fine showing.
~ Sugar was inclined to advance all dai
- bnt In far from an exciting way. 1t sol