The Washington times., 1901-10-25

| the other hand it is not such as to make
! bull market advisable # the experts are
| correct in their views, There is money
| enough for such market as the prese Mt
| anu ,hcrv is no prospect OF any tghtnC IS
| while such market continues. But the
return How of money from the interior
| has not begun as vet, and t.
| morrow s bank statement Is likely
| F" i,u'ct a loss Df money o. lnpi e
| this week the banks had slined from
| the SUB Treasury nearly S2.Uj1 UD on &c
| count Of god received from Australia but
| since thlt time the Sub-'.TC3sury has not
| only gotten back all OF this. but nearly
| Ei,OJ0,e1o in addition in heavy receipts
from internal revenue ana customs. The
| payment of Sl0O0t,GU by The Pocahunias
! Coal Company for the Fiat Top Coal
Company in Philadt iphia this week viii
be reflected to n certain gNtont in the
statement also, TO he deuimcnt OF the
New York banks, as tn, money comes
from New York largely.
1t is a conservative statement of the
facts, as far as they are known, that
progress has been made toward plans TOR
the rtauJustmcnt of the Northern faclnc
securities and OF the raiiD ay situation
in general, on a basis in which the inter
osts OF all parties. including ST Paul and
Union Pacific, will be Subservcd. This is
much as can be said with knowledga.
As TO the nature of the plans the public
is yet entirely uninformed, and rumors
and newspaper stat enents are very much
more than likely to DC guesses pure and
simple. 1t may be said IurtheT, however,
that there is probability that some of
the questions unGer consideration will be
left to arbitration. Mir. Morgan will not
be in New \ Crk tor several uays.
"
The most interesting gossip yesterday
was perhaps that re egarding the Chicago
Great Western. The stock continued
the company, but it did not advance be
yUnd the level Of the previous day. The
most positive story of the day was that
the Hartman interests have made pro
posal to the Great Western 10 buy the
system. 1t was said by the people that
put out this story that the offer was equal
to the terms proposed by President Stick
ney for the sale of the line some time ago,
and that in all probability IT will be ac-
ccpted. Other rumors were not SO posi-
tive, but leaned to the theory that the
HarriInans are the bidders for the prop
Crty. II was also said that these people
have been among the chief buyers of the
stock recently The Hartman interest
VIII be benefited. relatively, in a most
important way if it acquires the system,
winch is a large factor in the Western
railway situation generally
The Industrial securities came in for
more than their usual share of gossip
Yesterday, ana they were more active
than they have been for several days
past. For the most part they were weak
The United States Steel securities both
showed evidences OF heavy realizing all
day. and at the close We're off fractionally
from the Wednesday close In this case
the bear talk is OF British competition.
1t is said by one bear authority that the
export wire business Of the trust is fall
ing OFF rapidly. The same authority states
th&t there has been an attempt to or
Esinize a gigantic steel trust in Great Brit
ain, only less large than the United States
company, with a capital of 5000 900. As
CT laG So = hat b.
alleged British consolidation has in re-
ality been given up as impracticable. and
that at present there is no prospect of
such a combine except of few of the
smaller concerns, and with much small
er capita lizauon. 1t lis also said that
while the export wire business has fallen
of. the United States Steel Company does
not object to this. but is. in reality doing
so much business On this side that it can
not fill its export orders The Iron
Age makes the prediction that the rail
business of the trust during the coming
year will he the largest on record.
Another item of interest TO the Steel
Trust, and TO the Colorado Fuel and Iron
company as well, is the statement that
MI. Gates is again buying up the stock
of the latter company and very certain
Of obtaining control. IT is added by the
people that put out this story that the
company will be turned over to the Steel
Trust as soon as ii is landed by Mr..
Gates. The Gates people We're very bull |
lish in their talk of the stock yesterday.
and its price advanced sharply. This
may make some people skeptical as to the
bona fdes Of the news, as Mr.. Gates has
told stories of this kind before for the
simple purpose of boosting his stocks and
being able to sell out Of them.
The weakest stock on the list yesterday
was probably Peoples Gas which tumbled
all day in most discourage way. and
closed at the bottom. below 105 The
story put out to account for the tumble |
in the stock was that the Illinois Supreme |
Court will soon hand down a decision |
inimical to Illinois corporations in len- |
eral. There is no particular reason for |
believing that the story has any basis in |
fact.
There was much talk yesterday of the |
probability that there will be a cut in |
the price Of copper in the immediate fu- !
ture for the purpose Of reducing the /
stocks of the Amalgamated Company.
Officers Of the company said that there |
was nothing in the story but il was ac-
by heavy selling of the stock. |
and was believed by the street generally. |
Before the close the stock recovered its
loss.