The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-12-06
government Bonus.

Two chief Influences may be supposed
10 have bsen responsible for the duIlness
and the rather soft tone ID the Stock
Market today. It was said by the fnan-
eial experts that the bank statement is
likely to show a less Of cash and that
this viii probably result in reduction
in the surplus reserve This with the
probability that the banks VIII begin next
week to heard their money for the Janu-
airy disbursement made the talk Of tighter
money rates persistent This furnished
one reason for caution regarding pur-
chases OF stocks. and offered one reason
for bear operations
The other cause was the uncertainty
over the action OF the Anal gaIlated Cop
per directors az their dividend meeting
next week No one seems TO have any
positive Information regarding what ac-
ton Will be taken. and perhaps the di-
TectOrs themselves have not made any de
Clsion- There are rUIuOrS Of a cut 20 I
per cent, however, and other runners Of
The passing OF The dividend entirely With
these TWO Influences operating against
higher market. it was not considered
surprising that after the sharp advances
OF the past few days here should be real
cline all over the list Except in enc CT
two securities however. the recession
was not large, during the early hours OF
the day.
a Break in Manhattan.
Manhattan was the weakest stock en-
the list, declining 10 13S and a fraction
before noon on heavy realizing and lack
Of support, a sharp break from the high
Of 145 yesterday CUriousIy there was
more hopeful gossip regarding this stock
and the Manhattan company than there
was OF any other topic in the Street. The
New York papers came out with long ar
ticles on the beginning OF electric trac-
ton on portions Of the system next Tues
day and the benefits that viii be derived
from This were discussed at length
Another series of Fumors took I'D the
possibility OF probability that some closer
traffic arrangements viii be made with
the New York Central and the New Haven
systems, and, although there were deniaIs
of these stories, It Is not in the least IN
likely that they may be true In part at
least However, the advance Of Manhat-
tan has been very rapid and many People
DelieTe that 1t has been quite sufficient to
discount all that is probable in the way
Of coed things in the near future.
Gossip Regarding Missouri Pacific.
Missouri Pacific. another stock in which
the GouIds are especially interested was
one CT the strongest features Of the list
II did not make any new high price. but
held its own around the best of yesJer-
day with considerable steadiness. Man
ipulation by Gould interests is probably
responsible for the movement in Missouri
Pacific in the same way that it had much
10 dc with the boom in Manhattan
There IS no probability of the increase
In the dividend rate on the stock was
talked about in certain quarters yester-
day However, the ear nings of the com
Pany are good, and the outlook for the
stock is not discouraging- It is said that
the failure Of the corn crop is having lit
lie effect on the earnings of the company
President RipIey's Views.
Atchison, common. was inclined to weak
ness. President Ripley says that the earn
ings of the company this year will be as
large, If not larger. than they were last
year. He says that the increase in net
earnings IN October was not quite so large
as IN earlier months chiefly because. the
net showing of October, 1900. vas the
largest ever made by the company up 10
that time.
Support for Chicago Terminal
There We're evidences Of supporting or
ders in the Chicago Terminal securities
this morning, though no evidence Of any
desire to advance the price of the stocks
It would not surprise the Street If some
new party should acquire control of the
property at the present very low prices
The Hartman interests at one time own
ed large block of the stock, but proba-
bly, never had control Since then there
IS reason to believe that they have sold
out largely, and the securities are now
held IN the Street for the most part.