The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-11
THE GROWTH OFBANK CAPITAL

men disappear sometimes the foreman
does NOT learn what Is IN Until he goes
out some morning TO fnd the. mon have
taken French leave The meu who were
getting 81 % OF st.S5 found thry could kct
more and they sought out more attractive
the current prices for labor When nE6c1
how long the volume Of traffic would con
thur this official said
II think IL viii run on for n long time 10
come. The preparations Of the railroads TO
handle iarger business Indicate that they
are preparing for siill moro prosperous
times. DO | think general business Is az
its height or tending downwards do not.
whom we are unable TO get new cars rails.
or supplies Of any kind within six or nine
months ana gre compelled TO. walt until
1904 Cor many things simply because the
manufacturers arc unable 10 turn tAiugs
out Fast enough. u seems plnn enough thnt
the end Is SIN very long way on Ihis
S. particularly tho rnse lu the steel trndo,
which y commonly referred ~ as the baro-
uie+er Of general business "
WHO arc the lcadlps Factors Va tho
present. stock market =" rs question that
has cftcn been asked during the last week.
a. vsTiuus stocks wcrc taken llp and ad-
vaocnd John " Gates has hceu dDihg
hut ltj5le and tho Moore Brothrrs seemed
80 b. couanire themselves TO Rock island.
Tho steel giants who cut such swuth Ht
tunes during tho last year lavo evidently
hecn lying of. for some reason best known
10 thFmsclves hut suspected by many per-
sons To be- because they have dropped
large .mouu5 ot money TN various slunnS
The present marll't IS quite similar 90 that
N two ycars ago. SO Tar az manipulation Is
cnncta md that y. u is under the dlrec-
tion u the great bankers, who wcre The
kings ~ Wall street until the 'getrich-
Quirk" steel millionalres appeared on the
scene. The bankers make one think one day
tNat stocks are going right along up;'thc
naVt they let prioa Of and apneur IN be
sriNng enormous lines ~ stocks rms
,soak has witnessed Il good deal Of liauido-
"a. fN4 Ia 81 81
wand movement is nearly over
Soue good authorities. however, declare
that stocks VIII 20 considerably higher,
urloss International Disturbances spoil the
pians ~ Messrs. Morgan anu Rockefeller
It IS Risky, however, predicting stock
movements very far ahead. london has
sold arats amounts Of American stocks this
week. believing thnt the rise Inns gone FAR
enough Complications. or course. may yet
devotion oNt1. NeuczuelH. the Dardanelles gf-
falr or the Chinese indemnity mutter al.
though it gems rather unlikely that any
If these things will exert mum influence ou
American markets. In Europe however
small things arc often made pretcAts for
selling stocks and II is a common ocenI'
renee for all upUrses 10 be sympatbettoally
Affected More serious is tho trust uglta-
tiou loo congress, and the apparent deter
minattou 81 President Roosevelt G" nave a
moderately strong bin passed for t4e rcgn,
lHttou ~ industrial corporations. ln Wall
street TIE uUtiou pr"FaiiS mat after "a
good deal OF agitation nothing VIII be done
Dy congress 10 this hu" Ono man guess
rs as good as another b.
one. la touch with directors or the North
ern Securities comRny' which 9ns Just
Invited Great Northern preferred share,
holders TO exchange tslelr stock FOR that ui
the former company "a renewal ~ an org
/ pTupn4itlon- said today hat less than half OF
! jh, Great NoTih' ru Stock WAS exchanged Nh
der tnr original ou"r. lH other WORDS
I Great Northern rs not c'ntroIIed hpsulule
I Some surprise was expressed that so large
au amount OF Great northern stock Is SUI