The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-06-17

1lEre are sun OguDLETS, DLI "ell-lillB EIil-
Cd people generally have come to the con
cIusion that the harmony plan IN the
West Is very nearly on a working prac-
teal basis They believe that the St Paul
has been taken over by the Hartman
Kuhn, Loeb & Co interests and that with
the completion Of this transfer almost
every line west OF the Mississippi north
and south, has been corraIIed into the
community Of interests plan The plan
may not be such a tremendous success as
the insiders have promised. II may fail
even at the first strain On the whole
however, II is undoubtedly u most prom
isfug development for the Western rail-
way interests. It should make possible a
continuance OF the big earning If crops
are satisfactory, and even further in
creases are likely.
What effect the news Of the deal viii
have on the Stock Market remains to
be seen It will be well not TO put too
much confidence in the idea thai prices
are certain to advance rapidly all sum
Ier because Of II. The harmony plan
Is q elimination for which the insiders
have been working for months. There
can be little doubt that thev have been
buying and holding stocks in the expec-
tatOn that the plan would be q success
Much OF this stock VIII not be put the
become enthusiastic over the outlook and
TO buy everything offered by the insiders
The public may fail TO appear The sell
ing may be larger than the buying In
other words, that may occur which &C
ours so often in the market, decline on the
announcement Of good news. The fact
that the hot weather is approaching
makes this the more likely.
The advance in the securities Of lines
not yet in this plan seems much more GER
tain. Chicago Great Western and Wis
c0usin Central are two Of these which il
VIII be well to watch
Union Pacific and St Paul led a sharp
advance at the opening this morning St
Paul soon selling at S57s. an advance over
night Of ) points. and Union Pacific soon
getting above Us. Missouri Pacific. Rock
Island, Southern Pacific. the Atchisons
and the Western securities generally fol
lowed the lead Of these two stocks. though
not with the same buOyancy- The mar
kSt was advanced on good commission
and inside buying until around noon when
there seemed to be disposition in some
quarters to let 20 Of stocks It looked not
improbable at that hour that -here might
b q decline before the end Of the day
Aside from the news Of the Western Rail
way situation there was little for the
street to talk about this morning. The
bank statement seemed to have been for
EnJten-tE0ugh il should not be. The crop
news was good and the earnings reports
received all showed further increases.
TIE statement made by the people that
seem TO know most regarding the St
Paul-Union Pacific deal is that the Har-
Timan people viii pay the same price to
the st Paul stockholders that the Nor
gau-HiH people paid to Burlington, SEQ
CO. in bonds for 100 shares Of stock, in
other words. Following out this theory
frr IN lgr
St Paul this morning above $50 and its
advance Of five points was soon accom-
plished- The prediction was made that
II VIII go 10 go shortly The stock is a
most dangerous one 20 speculate in. how
ever. For one thing the deal is not yet
positively known to be accomplished
The meeting Of the Missouri Pacific peo-
pie taxes place today The stool. rras