The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-10-28
Government Bonds.

After the sharp advances i'm prices or
Saturday ii was not surprising that there
should Doe prohibiting by careful people
this morning on "a strong opening. or that
before noon the level generally should
have declined. II is one Of the weII-un-
derstood maXims OF the prof, ssiouaIs that
after q strong closing Of q week good
opening on Monday is a good time 20 sell
stocks The reasons given for the selling
were that the monetary outlook is not at
tractive- that London was a seller OF
American securities this morning that
there is likely TO D, a cut in the price Of
copper, that the Steel pool has been dis
solvsd-half a dozen other suggestions Of
a like nature might be mentioned But
there is no good reason why anyone ex-
cspt trader for small profits should sell
out his holdings OF stocks al this tir1.
according To some Of the most c1usary-
atiNe people in the Street. II there was
anything significant in the weakness OF
lft market o. was I'm the particular
weakness OF the Industrial securities
which ls becoming more conspicuous from
daE 10 day This fact Upholds the theory
l'lH hl many lIdl the lLuuStrIaIS are To
b. continued on lower plane relatively.
than they have been heretofore
The outlook in the financial market Is
that there may be some small shipments
OF gold To Paris OF Berlin this week
London has been forced % send gold to
both these points. and IL seems probable
that the Bank Of England will advance its
discount rate ON Thursday % Der cent
60 prevent further drains. This is very
likely TO result lE shipments from this side
10 those centres. But this is m worst a
temporary matter and b. cotton shipments
- s.i.f .-i S,I 3ll'h.g Do IS even possible
Inal Jhtrt VAL De- am outflow Of gold
There is nothing bad iu the financial s-fu-
alton nothing % cause uueaSiUuss.
The copper stories were much talked ir
the Street this morning. The statement
that tho price OF copper viii be reduced
TO Is cents pound. or even lower. is
heard I'm all quarters. and as It is ac-
cOmpanieG by pronounced weakness Of
ANA lgdmatcu Copper stock the Street Wa-
inclined 60 believe 10 this morning. The
price OF the stock was below 81 before
noon
The steel issues ssrc both weak. IN.
preferred getting 10 90 and q fraction. Tn,
continued selling Of these securities To-
calls story OF last Saturday that tn,
pool in the stocks has been dissolved and
that they Will De allowed TO take care Of
themselves for time 1t least Their,
is no other reason for believing the story
and some people do not believe that Nh
gan in the slightest degree. II the stock.
reach any lower level there viii be goo,
buying by careful market people as tn,
outlook for the company is excellent.
There was nothing new in the North
eTn Pacific matter this morning. but il j,
generally believed that there may be be
fore the week is over. Mr. Morgan is 30
New York St Paul and Union Pacif,
were among the strongest stocks IN th'
list this morning.
Missouri Pacific Is very strong AT time.
and IL is said that there may be develop
ments in the Gould Southwestern deal
this week Mr.. Gould viii return 20 New
York this week and probably tomorrow
The earnings Of the Big Four for IN,
third week of October show an iucreas.
OF Sl934S. from July ! 20 date OF sos COO