The Washington times., 1903-02-11

was an exceptionally strong feature, and
was up y point
The slump in London was a sympathe
tic movement with our decline OF yes
terday. and was thought TO be due most
ly to selling orders from this side, and
absence Of support
Speculation IS held in check on the
London market by the uncertainty Of the
Balkan situation. which has occasioned
political apprehension
A reduction IN the Bank of England
rate is expected tomorrow. Berlin Bank
has reduced its rate TO 81 per cent.
Money continued extremely easy.
Should a little gold beseIpOTted. as may
be expected. at this time Of the year.
money conditions are such that this
would have but little effect on the none
tary situation
II the Aldrich circulation bill passes
Congress IT will do more to facilitate
speculation than anything that could
be brought out.
Attention of the street has been call
ed to a provision OF the AldriCh bill
which permits the raising OF $4,000 600
or $4,000 .00O required on signing the
EduaLla Adlldl Lltdlgs DE AAAC ASS0S "a
2 per cent bonds instead OF taking this
amount out OF the Treasury.
While this is expected TO arouse OPP
position from Democrats, IL is argued
that it's adoption would be OF great i'm
portaDce TO the financial condition OF
the country.
The principal bullish gossip Oh the
Gould stocks, which more than anything
else has helped 10 advance Texas, Wa
bash. and Missouri Pacific, has been
information said TO come from the in
side to the effect that the Gould people
are pushing their plans for the greater
Missouri Pacific system which provides
for new holding company for all Of
them without waiting for the Northern
Pacific merger case TO be decided
They say that their contemplated mer-
ger can in no way be considered a par
aIleI case with the Northern Pacific be-
cause their lines are not competitive
in any sense. The merger, they assert,
is more in the nature OF a trans-conti-
mental route
Butler Bros. we're the principal buy
ers today Of Missouri Pacific and Wa
bash.
Realizing sales in the Gould stocks
were responsible for the setback yester-
day afternoon.
1t Is learned that insiders have decid-
ed TO make Rock Island common mar
ket leader Much higher prices are pre-
dicted for the stock.
Vice President Green, OF the Pennsyl-
vania. IS reported as saying that the
Pennsylvania management would ask
for an increase Of $3.50. 900 600 new secu-
rites. instead Of doubling it's capital.
This is not confirmed.
There is some demand for Union Pa
cifc. Atchison and Wabash preferred In
the loan crowd
Despite the fact that deniaIs come
thick and fast that any deal involving
Atchison is on, there are many people In
the Street who refuse TO accept these
denials o. final, pointing 10 the persist
ent buying OF the stock as otherwise
suggestive The buying continues 20
come from houses close TO Pennsylvania
Railroad interests.
All manner of sensations have evolved
out Of the labor troubles on the Union
Pacific. but the actual events thus far
do not seem 10 be quite so bad as the
predictions would have them, and the
Street has seemingly forgotten all about
it, Omaha advices on the subject in
tended for Wall Street consumption have
been particularly lurid. and they have
been so much awry that much needed
skepticism has been engendered-
Accepting the latest advices with the
consequent mental reservations. 1t IS
understood that the climax OF the strike
will come within twenty-fOuT hours. II
is the general belief IN the street that
the climax came when the Union Pa
cifc secured the services Of skilled ma
chinists to I'll the places OF the stTih-
ers and that this particular climax
means the equalization Of the strikers
Hereafter Chicago and Northwestern
capital account item must be written
800 600 900. The stockholders have ap-
proved the plans OF the directors, ana
new common stock to the amount OF
S3G. 1852. G79 has been authorized This
makes the total amount Of common
stock ST sol .O45. The directors may is
sue the stock from time 10 time and
for any purpose allowed by law.
The particular purpose for which the
new stock was authorized has been a
fruitful topic for discussion for some
time. and an inspiration for the ima6i-
native. Needless TO say there is moth
ing authoritative. but even the Great
Western suggestion receives respectful
attention.
IN the course Of the next week or ten
days many OF the larger interests in the
financial district viii take the usual
midwinter vacation James r keene
Is expected to leave for Florida as soon
as q sore knee RECEIVERS sufficiently 20
permit. washington e Conner, IL Is
understood, is to 90 South at the end Of
/ the week. J. p Morgan may take a
short trip abroad, although this is not
definitely settled. the Standard OIL con
ttngent will go 20 Florida. while many
OF the active traders are also scheduled
u leave New York shortly. For this
reason many persons are predicting a
dull market for the next few weeks.
Hooking Valley reorganization is ex-
pected shortly.
San Francisco purchase OF Kirby Lum-
Der is considered a preliminary step 20
the invasion OF Gould territory.
Nickel Plate annual report will show