The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-11-02
GOSSIP or WALL STREET.

Of comment IN stock market circles Interest
therein was not unmiS'd with curiosity
Mr.. Wand rip has said precisely the things
my bankers hav" b''n saying to me for
months. sud a man OF the room yesterday
but it surprises m" greatly that they should
have b'"n said publicly AZ this time" II
WAS the common oUini,n among Wall Street
people yesterday that MIR Nnndorlips speech.
If not inspired. AZ lnIst was approved of by
the banking Interests with whom he Ia ASSOC
dated II was this consideration that caused
speculative interests 10 attriS it, an Interior
Significance to his utt"ranCe- The market
effect OF the speech was negative rather than
positive. II served To take the edge %
whatever may have been left of the more
bullish sentiment that prevailed in the pre-
cedlng session Stocks were not sold to any
extent on the faith OF what Mr. Vanderlip
said. but som" intending purchasers were
influenced thereby 20 hold aloof and take a
more critical survey Of the outlook Hilbert o
IT has been estimated that Our foreign debt i"
aggregated something near $3.50 100000 Mr.
Vander!ip doubles this estimate. and COM
petent eNchang" authorities We're not pre-
pared yesterday to dispute him.
Wasserman again in the short session yes
terday was seen bulling Reading common
He bid 81, for any part Of loo.ol) shares. but
Withdrew on getting about l2,Ooo.
Less than $1,000 shares crossed the floor
in the first hour Of trading Yesterday Specu-
lation was more stupid in those sixty min
utes than az any previous period Of the au-
tu,nn depression There was no London to
jugglc with. II b"ing a Stock Exchange holi-
day in Cdp"l Court They are building an
annex to the HOUSE" and it is understood
that Saturdays. for while. will be given
over TO tho workmau. Attend IuCr around
customers rooms Was remarkably thin
tonjectIr" about Ia" bank statement oven
was Indifferent Many brokers and floor
traders remained uptown. keeping in touch
of the market by Telephone
Commission hous', having uptown oT,rs
have arranged ~ keep them open on Tuesday
and receive political news ard gossip there
for the convenience Of oli'ut- There will
be London market. TOO. where those who
find their conyctio0a chan Vinr NAV he igp-
or specu'atr fresh ~ faith ~ what thay s"o
and hear before noon of Tuesday
The Rock Island prrtv appears II T., 60
tiv" again h the market The now Rock
Island securities war' conspicuous on th"
curb yesterday for ~. first tim" since tl.
Moore interests. after tn" first vio,n''
break due to monetary conditions. stood N
to wait Thes" new securities viii h,
Distributed On Monday II Is not known
definitely whom th"v will b" listed II is
stated nu'hori'ativcly that no appl. cation
20 LIST them has vet ha"r made 70 tho stock
Fxchang" II is upi '~stnoi. however. that
the shares will he Introduced into regular
channels OF trade on or before TIA" 18th.
A gentleman who knows the stock market
almost as we'll az b" knows a railroad WIS
moved by something That had recently
occurred in his affairs 10 remark upon tho
decreasing dependence that Is TO bo placed
Hu
he, when TO control railroad YOU la We
cot TO own. or know where YOU can put your
hands upon an actual ma GRITTY OF tho stock
! personally recall several instances wherc
overwhelming amounts Of stock were voted
BY directors W o not only were entirely ont
of their own holdings bnt who were at the
time OF these meetings heavily short OF the
stock in tho market, That sort of thing
il no longer feasible. Any set OF men trying
il would bC likely to wake NJ some morning
and find that they hid lost their railroad
over night. Control these days has got TO be
bona nde"
There was disp' yod IN the Street ycster-
dnyn list OF the United States Senators whose
SUCCESSORS are to be- chosen by the several
State legislatures t'ut are to be elected
ucNt Tuesday II l. ~1id TINT this list, to-
gcthcr win an imposing array of statistics.
was used TO good advantage In tie Wall
street district by those who made the final
canvass for campaign subscriptions.
Dclth las taken another picturesque
char,n t"r from Wall Street in the person of
7 I Tichcuor lie WIS n man of great size.
wlosc presence alone was enough to MI any
ordinary customers room. lie will be re-
mrmbcrcd longest perhaps AS a promoter
Of gold and copper mining ventures, At
tie time Of his death he was president OF
the British Columbia Copper Company. His
most notable achievements were In British
Copper" N't lie was eavy operator In
otter directions. His f vorite trading was
In wheat lie used TO swing lines of two and
three million bushels and was more often
right t9an wrong on his market. lie was a
clos" friend OF Edwin Hawlry and T. L.
Underwood The hitter Nds his associate
in all OF his rcc"nt copper shnr" operations.