The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-10-11
Cove lment nondu.

Ire oNershadowing matter Of gossip in
the Street this morning Was the stor, of
the financing OF the BurIiugton-Northern
Pacilc-Great Northern deal Mr.. Hin
was quotec early in the day as denviug
the story ia Chicago, but the denial vas
generally considered only technical
one for poLcys sake. IL is thought that
the announcement Of the deal may have
come out earlier than desired by the in
siders. and that the actual working ont
OF the plan may not come for two OF three,
months yet; but that is the most that the.
Street is willing 10 admit. Under the
stimulus Of short covering and commits
sion orders. based on the deal story. the
market opened strong and active this
morning soon after there was some. re-
cession- but l-for, noon the advance be-
Eru again The talk Of th. bank state
neut Is all hopeful TWO OF three good
earnings reports were received this morn
ing The Baltimore and Ohio for Sep
tcmbor shows am Increase in net earnings
OF Slt-.FH ana Tor July an Increase Of
N,l5+$ii The Reading annual statement
was not especially good. but the period
covered included tho coal strike and 10
should be remembered also that the e.
fects OF the recent advance iu coal rates
were not felt lu tho earnings up 10 july /
the period Of tho report The Government
crop report mad no erect on the market.
The Morgan securities generally were
among the best on the list as direct
result evidently. Of the Burlington deal
story. Northern Pacific. preferred was
firm The Anthracite Coalers were all
bUoyaut. In addition TO the Burlington
deal Their was much talk OF excellent
September and October business on the
anthracite roads 90 help these securities
along. Southern Railway. common and
a Nr..H #-.HL
Of deal for the Southern IN the near
future also, but as to this nothing en- the
least definite can be learned and IL IS
probable that the gossip is premature.
The other Granger and Pacific secIri-
ties were quite as buOyant as those i'm
mediately connected with the Burlington
deal St Paul ard Union Pacific were
among the features Of the morning. 1t
is not the least unlikely that there will
Be more positive gossip regarding a deal
between these lines in the near future.
such a combination concern as that pro-
posed by The MorEan-Hlll party would be
most likely to stimulate plans for a sini-
lar deal among the Harriman-Standard
OH properties. ST Paul was well above
loI before noon and Union Pacific nearly
10 g. Rock Island had "a squirt Of two
points shortly before noon
The Industrial securities were not in the
least outcome in strength by the railway
stocks. AmaIgamated Copper. Sugar
Consolidated Gas. Peoples Gas. and the
steel securities We're all buoyaut. The
list could be prolonged throughout the
group There was little news regarding
any OF these companies or their stocks
and II Is probable that the change Of sen
timent regarding them IS due sir,rI,, 70
general causes, II the very evident buying
OF the standard OIL people is excepted
hese interests have been generally credit
"a with being bears on the recent market
some people went so far as 10 saw tbgt n
party Is Intent on breaking the Trsri(et
permanently Whatever the truth NAV he
5s 70 tiiis the standard OIL brokers were
heavy buyers OF stocks II seerns lfl, ~
that the antagOnism Of the Standard OF
crowd II II really has existed. was siroTi,,
a speculative matter for a turn on ne
market and that nothing will be heard