Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-10-14
STOCKS WERE ACI|V[
Reports Of Railroad Combina-
tons Have a Stimulating
Effect on Values.
Big Men Accommodating Shares
for the Purpose Of Effecting
the Combine.
Railroad Stocks Now Going Into
the Hands OF the Heavy
SPECTATORS.

New York, Oct. 14.-Henry Clews in
his Financial Review says:
Wall street was suddenly lifted out of
its pessimistic mood by renewed reports
OF progress in the vast railroad COM
b!nations which were calculated to have
a stimulating influence upon values and
speculation. These plans were inter-
rupted last spring and summer by Sc
ries of familiar drawbacks, as we'll as
by the fact that prices We're then too
high to permit of any further success
full upward manipulation. The large in
terests then in control accepted the stu
alton; they stood together in preventing
any rapid decline. and finally awaited
themselves as far as practicable of the
advantages of lower prices. Stocks are
row more highly concentrated than in
any previous period OF our financial his
tory, the big men having accumulated
them for the sole purpose of carrying
cut their vast schemes of combination
which seem to be an Irresistible out
come of modern tendencies. 1t is folly
to underrate the Importance of such
transactions. They will Internationally
add to the stability and profitableness of
railroad investments, and they may be
Used to infuse fresh life into the specu-
iative situation; but outsiders must ac-
oept the various reports with caution.
ond expectations of prolonged bull
movement based on these developments
~, l,,c AL 1or
amounts of stock are held awaiting buy
ters. as is now the case. Whether it Is
the plan or not OF the market leaders to
inaugurate new upward movement re-
mains to be seen. Recent market opera
tions suggested that some parties were
erdeavoring to accumulate stocks as
scteaply as possible, and IL this means
the entry Of new bull element into the
market we may expect increased activ-
ity. Just now the situation is consider
ably mixed. Prices have declined from
fifteen to thirty points since last May,
end not few are of the opinion that
the effects of the corn crop loss and
fsars of tight money have been about
discounted, that railroad earnings are
likely to continue at a high level and
that there Is no good reason for allowing
pessimism to eat away prices any long
err On the other hand, there are a good
many who cling to the conservative po-
sition. pointing to the poor earnings OF
many Of the industrials and the possibil-
lily of a trade reaction, to say nothing of
their unwillingness to assist in carrying
burden of high priced stocks which
the bearers are anxious to distribute.
Which OF these two sets of opinions
would prevail, il the market were left
to itself, it is difficult to say. At the
moment 1t is of more consequence to
watch the operations of the market
leaders. II these are on the long side
we may look for a more active market
in which we should advise profit-taking
on all sharp advances.
The monetary situation shows improve
ment in some respects. Crop demands
have about reached the maximum, and
within three or four weeks the return
of currency should begin. tho
one or two unfavorable bank statements
in the interim should cause no surprise.
Money rates are relatively easy and
loanable funds seem ample for present
requirements; three months LIQUIDATION
in the stock market having contributed
materially towards averting stringency
during the crop-moving period.
Home Seekers, Il Will Pay You to Look
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The Northwestern line has large tracts
of land for sale along its lines in north
crn wisconsin at low prices and easy
terms of payment.
If you are looking for new location
where good land is cheap this is your
and now is the time to buy.
Markets near by are: Minneapolis,
St. Paul, Duluth, Superior. Milwaukee
ard Chicago The land is we'll timbered
With q mixed hardwood growth, the soil L
fertile and easy of cultivation, and there
is great abundance of pure cold water.
Remember the above points when you
are looking for land.
For illustrated folder and further free 4
address George w. Bell,
land commissioner. Hudson. Wis, or c.
q. MacRae, assistant general passenger
agent, st. Paul. MINI.
Inspires one to nobler and better
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,ours glowing vitality into your system.
rhat,s what Rocky Mountain Tea Will
10. 80 cents. Mcbride & Will Drug
20.
Io,,. Seekers Excursions to the
Northwest, West and Southwest.
Yin the Northwestern line. Home seek
re, excursion tickets at greatly reduced
a,as will be sold on the first and third
ruesdays of each month thru the year
gO1 TO the territory Indicated above.
standard and tourist sleeping cars. tree
eclining chair cars ana me pest OF
For full particulars Apply
: agents of the Chicago & Northwest
I'm railway ----
NJ p wesson, Jacksonville. Va,
..,,aa,st writes: your One Minute
.ansb cure gives perfect satisfaction.