The Washington times., 1903-01-30
SMALL AND IRREGULAR
CHANGES IN PRICES
rELrPHoyE AND GRAPHocuoxE STOCKS.
IN THE FINANCIAL WORLD.

Excepting the reported hitch in the
/ Venezuelan negotiations. conditions cal
culatCd TO affect prices OF securities on
the stock exchange continued favorable
but in the present condition which is
characterized by one OF the financial
writer's as state OF suspended anima-
ton the market is scarcely susceptibIc
10 any unusually influencing factors.
Despite initial advances. prices saggaH
shortly after opening. and trading was
notably dull
The growing credence in reports or
hostility between Pennsylvania and Gould
Interests and between the latter and
the Hartman people is showing sorlr
effect in the market Trading was rats--
eT heavy today in Missouri Pacific and
Union Pacific and recent heavy sales ot
pennsylvania are ascTibed in some con
SeFFatIFe quarters to selling against DOS
sIDllity OF more acute Developments
Wabash issues were firm. Advices fror,
FIttsburs say that the city council pass
ed the ordinance to permit the Wabash
terminal TO be constructed at the ses-
sion late yesterday. The ordinance viii
come up for final passage Monday. This
action was undoubtedly used as a fur
ther bull card on Wabash and Gould
stocks.
Santa Fe opened at sos. and in the
! first half hour sold up TO SO on splendid
buying. The second preferred and first
preferred showed small advances. as a
result Of the rise in common.
There are persistent rumors that
Frisco viii take over the Evansville and
IeTre Haute- as was heretofore pre-
dicted in this column. The news on
Santa Fe is very bullish
There appears a good rally in Pacific
Coast first preferred. a thousand
shares were bought this morning at los
Hints are emanating from we'll in
formed quarters that the interests con
trolling the copper metal output have
agreed to put the price up to Il cents
per pound. and hold il there If possible
FOurteen-ceut copper was predicted
some time ago That price would insure
good returns to many purchasers.
The report was heard from reliable
source that A c P. would sell ten points
higher within two weeks. There is a
strong bull pool operating in A. c. p
Lcadon was the largest buyer Of Erie
this morning The Morgan interest Is
accommodating Erie. and Hartman inter
ests are also buyers.
T+ ie rrohabIa that Poa7ine- +t;- .-o,.
+ Vii abcT,+ .ar- +be 5{,-f-Tl,7 -
ferred stock, making up the strike
a meeting o. Jhe bFoohIyn RAPID
/ Transit was held today There are re-
ports Of change in management
Forty-fve roads for the third week in
per cent earnings.
President S4fcknev save m ra,o..o-
rfons are Dendiny for = transfer CF cor-
troll of Great Western
s+cbfeor earned 8 nor ..,. ~, .o-,-,,,,
in 100
TIL. f-,7i..+fo,- ++,.+ H. f--.,,-
loans There i decidedly less nrof,s,F FfIf-
~ that torno~rov-'s statement r-fIE Fs ss
good as last Saturday or the nrara5-
ing two weeks
The banks are uud0ubtedTv reducing
their circulation IN accordance with tho
Treasury's recent request 10 substitute
pal bonds on which they took consia-
cradle Government money on deposit in
the money panfc last fall
The banks have gained nothing this
week from their operations with the sub
treasury. as a consequence of this fea-
si-co Fr-i5a,- ss4s oo0