The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-12-03
+ STREET RECEIVES
MESSAGE WE'LL.
RECOMMENDATIONS SATISFACTORY
Brokers Shy II Is Conservative and
Optimistic and VIII Have a
Good Eject on Mar
ket Showing

The F Street opinion OF the Presidents
message is uniformly commendatory.
The stock brokers, who were the first
| to receive word as to its contents and to
/ begin TO measure its immediate effect on
The Stock Market. talked in an extremely
| complimentary way of its contents and
| hopefully as TO the probable influence
I that it VIII have on business interests
/ generally, and the Stock Market in par
| ticuIar
Publicity Regarding the Trusts
The recommendation that the Govern
ment should be given the right 10 ex-
anime the books of the great Industrial
I concerns and to make their condition
public seemed TO meet with general ap-
probation.
II was suggested that such Government
| inspection could not have any had effect
| on any company that Is doing a Iegiti-
mate business in a proper way, and that
if any harm were done II would be only
to overcapitaIized concerns. operated on
the blind pool principle, for the purpose
! OF defrauding the public
This Recommendation Of the message
had been expected for a week OF more,
and its effect had already bseD shown in
a sharp break in one OF two trust Sc
eurities and IN added strength in others.
The advocacy OF a ship subsidy bill was
almost uniformly commended.
The Interstate Commerce Law.
The recommendation that the Inter
state law be amended in such q way as
to give the Interstate Commerce Commits
I sion the right TO fix maximum - IS. and
enforce its recommendations, was sor the
most part considered a good one, mas
much as it was thought that if such a law
is passed IL VIII probably include giving
the railways the right to make pooling
arrangements under the supervision Of the
Commission.
The suggestion that the revenues of the
Government should be brought more near
~ down to the necessary expenditures met
with general approval
One of the Best Ever Written.
Hibbs < Co said: THE message IS con
servatiye one. It is one Of the hes. that
was ever written, and should nave good
effect
Bachman & Co. said: The message
viii have a good effect on the stock Mar
ket probably It's first effect has been
good which shows what the Street thinks
Of it
Blind Pools May Suffer.
Mcintyre & Marshall said: There is
nothing in the document that should have
a bad effect, and much that will have
good influence The recommendation that
the people be given more knowledge of
condition OF 10 +-T1z-e 5c b1 o-1-- ono
that could possibly have any bad effect
and this would only be on one OF two
blind pool concerns whose methods have
been questionable in the extreme
conservative and 9ptImistic.v
BIoomer, .FfouIk & Co. said. saThe mar
ket took the message we'll Immediately
after it appeared there was an advance in
prices and generally better tone. The
recommendations OF the message that viii
affect the market all seem to be good
As a whole, it IS conservative and opti-
mistic."
Opinions of the Bankers
Banking men interviewed this afternoon
spoke in commendatory terms OF the mes
sage.
Mr.. Southland Parker, President Of the
National Metropolitan, said: President
Roosevelt realizes that the country IS
wonderfully prosperous, and he is rightly
and commercially averse TO experiment
tation with this prosperity The recon-
| mendatiOns that he makes are eminentIy
| conservative and sound It is a most
! cheerful message, advocating expansion
! commercially and politically. and will
| meet with the Appreciation of business
| men generally"
VIII Have n Good Eject.
President Norment, of the Central Ma
tionaI, said: THE President has written
notable message, as was to have been
expected In my opinion it viii have a
| good effect
". A Mearns, Of the banking firm of
Lewis Johnson & Co. said: The message
should have q good effect on financial and
! business interests generally. It's recon-
| mendations, If carried out, should prove
beneficial It is conservative docu-
ment'
J