The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-12-01
WALL STREET LETTER.


/ y
I serenity OF the stock market and when
George j. Gould and Mesr-s. Il. II,
Hartman and Edwin Hav " began
their unseemly and undlgn. ed claw
ing match little people made for Gov
er. Skeptics hold that the exhibition
is stock jobbng by play des, ned to
encourage the creation Of an unwield-
lly short interest in stocks prel. min
ary TO the bull campaign which most
people believe to be impending as soon
as the monetary situation gets right.
This view is not generally entertained,
however, and the ruling belief is that
the heretofore inseparable personages
are in the agonles of genuine falling
out. distinct financial breach OF
Of the peace. The gambling in the
market during the days following the
declaration of war was on the extent
to which the quarrel might influence
securities quotations. The majority
opinion on this point was pessimistic.
Prices yielded under the short selling
OF the bearish professionals and the
unloading OF timidly held long stocks.
Fundamentals were not disturbed. but
unprotected persons preferred to get
safe while the bombardment was on.
Close friends Of Mr. Gould are go
ing about vocally placarding the flnan-
cial district with announcements that
Mr. Hartman owes everything he is
TO Mr.. Gorld and that he is an migrate
to take grounds in opposition to the
interests represented by his maker.
To the statement that he owes so
much to MIR. Gould, Mr. Hartman en-
= ters angry demurrer.
. 1t is very evident that Mr. Gould
now considers himself justified in de-
clarng his entire independence Of
Mr. Hartman and he has decided to
cut free from him The breach is be-
lloved in quarters to be a forerunner
Of the shelving of Mr. Hartman. The
' Standard OIL party which has been
> Mr. Harrlman's main backer Is now
believed to be more closely allied with
the Gould interests than with Harri-
man and that II can willingly and
much more easily dispense with the
aforesaid Hartman than with Could.
The Rockeiellers as VOL as Mr.. Gould
are large holders OF Union Pacific Sc
curities, but their chief interest is in
Missouri Pacific and the Wabash's 3
scheme for extension to the Atlantic
seaboard
upon Mr.. Hartman as an unsafe
!. proposition.
! The Gould Hartman rupture will
|. continue to be the absorbing topic in
Wall street until one or the other is
p downed or until Mr. John d. Rookie
: feller compels peace. He is the only
man that can do that as neither Of the
principals in the fight can afford to in.
: cur his III will or disfavor. Prominent
people have been working on Mi
Rockefeller from the beginning OF
o the break to use his influence and 1t il
b not at all improbable that he will con
e sent to do so.
Attention ia becoming more earn
=, estly directed to the operations 9f the
quartette OF flnanciers composing the
Rock Island party, namely, Judge VIM
II. Moore, ]. H. Moore, his brother, d
4. G.. Reid and w. b. Leeds. This small
e. group occupies a unique position II
h Wall street. II came into the street
a. quietly and unostentatiously-alm
stealthily. It's purchase of the Rocl
Island road created hardly a rippl,
. in railroad affairs although II was vast
~ ly more important and involved {
!" much heavier investment than tn,
10 famous Gates coup in Louisville &
i Nashville. SO far as the Street Il
able to learn the Rock Island grouI
80 stands alone II has no entanglng al
- liances. 1t is immensely strong il
!, cash and other resources, and proceed
= with amazing rapidity along magnif
10 ciently conceived plans for railroa,
~ development. It has come to be be
;. lieyed that these men are destined {
figure commandingly in the gram
scheme Of railroad combination whic
Ir- is engrossing the undivided attentio
to OF the greatest minds in the fnancig
as world. There are those who proph,
in cy that they will, in a surprisingl
is brief period, be found at the head {
O.. one OF the three or four vast railroa
a. combinations having entire possessIo
OF the railroad systems OF the countr
Indications certainly point that wa