The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-15
MERGER AFTERMATH
It's Passing 9eneficIaI-Post. Mortem opIn
ion HOPEFUL

It's Passing 6enefcaI-Post. Mortem opn-
ion Hopeful.
London considers the decision in reality
bull factor, as removing disturbing
element
Northern Securities had advanced to 80
by IL o'clock this morning on a report
from Forget, Montreal stock broker
and vice president of the Montreal Light
q Power company, who claimed absolute
knowledge of a plan to reincorporate the
company in Canada
one OF the bull arguments now is that
the decision is good thing for Wall
street, as otherwise many similar COM
binations would have followed and soon
there would have been nothing but stocks
OF holding companies to trade in.
Town Topics of this morning SAYS there
Is evidence of a fixed plan on the part
OF the big banking interests to prevent
any bad effect and to stand against any
bear drives that may be attempted as a
result Of the decision.
Clark-Dodge bought Securities freely on
the curb.
eminent is not going to run amuck and
no holder Of stocks need be alarmed.
Sweet of New York wired Whallon:
The move into Canada would be unpopular
here and would stir up no end Of an
tagonism and bad feeling. That is one
reason why I doubt that the Canadian
proposition will be go.
Counselman says the street is in mud
die and won't buy, waiting developments.
Opinions vary as to ultimate fate of
Northern Securities stock and many think
it best speculative purchase offered.
Watson's New York Office Says-The
Canadian Northern Securities company.
referred to in reports was organized in
1902 presumably to be ready in case the
A Tooa 1ao1 1r,
1t is not thought here that anything In
the Canadian laws would make this com
pany illegal.
! Finley Darrell says-The resistance
displayed by yesterdays market to the
shock of the merger decision will doubtless
induce caution on the part Of professional
traders operating on the short side at least
for the moment, and until the situation
can be more accurately figured out. It Ii
probable, however, that he full force anC
effect Of the decision has not yet had time
to bear in upon the minds Of investors ant
its effects on the market therefore has
probably not been spent.
| Charles E. Lewis says: don't under.
stand why many people are SO alarmed
over the decision against the Northern
Securities company. The government ha.
no idea of confscating this property ant
there never has been any trouble in rear
ranging companies that are big none,
makers. There Is always some way to A.
it. up. The trouble in this country ha
been with corporations that are capitalize,
at five times their value, in trying to kee]
them from sinking. ...
Edwards, Wood & Co.-Bears are nov
beginning to feel of the market to Sc
where they can make an impression. Their
arc already too mnny shorts, and that sid
looks dangerous. Removal of the North
ern Securities disturbance is in reality
good thing.
Brown Bros. take less favorable viey
of it and say: The situation in the stool
! market created by the sweeping victor
Of the government cannot be regarded a
an inducement to investors and the out
side speculative public to come into tn
! market on the long side and it therefor
seems unlikely that any upward movement
will take place at this time. We believe
therefore. that sales on all fair rallies wi
prove profitable.