The Washington times., 1904-03-15
VIEW SOF LOCAL
BANKERS ON MERGER

Charles J. Bel. president of the Amer
lean Security and Trust Company, said:
There IS not much TO say about the
decision Its character and its effect
were discounted i'm Wall Street SO
do not believe it viii influence the stock
market either one way or the other.
I look for q stzgnant season in stock
speculation until after the election"
r. Southland Parker, president Of the
Metropolitan Ne tional Bank, said: No
. boCy has been hurt. The market has
been bad all along and VIII probably
continue so. detdsion or no decision.
A. X. Paris. of Crane & Paris: THE
hugaboo IS out the way. The people who
own the properties viii doubtless kn0@
how TO care for them. They are still
earning. and VII continue to earn as
long as their cracks run over the CONT
nen- AS everybody knows, there has
LeCgI little CT DO speculative business cor
holding alOOf and the man without H..
bat with inclmauons. taking IT out III
Matching tho ticker and. tWlrlIng ms
thumbs Il : fair TO say that from
now Cu the market cannot be dullcC
than it has been in the past months,
and the market conditions yesterday
and today are rather positive proof thdl
The n3EulnE down or this decision Will
~ least ana certainly not retard Ill
tie hope OF activity.
William A. AIears. OF Lewis Johnson
& Co. bankers. said: THE Northern
Securities Company was never more than
hasty and Involuntary Incorporation.
conceived amid the confusion Of the
May panic, and In the hope of avertlnS
thc natural consequences Of ar Harr-
man newly purchased control of
Northern F1ciflc- L financial novelty
has been refused q patent because a
Fundamental law had been violated. The
financial world Is encouraged by the
calmer views Of Justice Brewer, and
takes comfort ln the Iact that the mer-
ser, and net individual ownership, con-
SltuteG the Onense-
w. = HibDs. OF ". 3. Hibbs & Co:
Il feel shat the decision has been dis
counted as far as trading from Wash
inston IS concerned. 1T had been almost
The universal opinion that the decision
was against the roads, and the gen
CrQl liquidation and short selling on this
account prior 10 tne day the decision
WAS read left no one TO sen when they
realized what The decision really was,
and as She market is very narrow, at
least, the bu-lne TO cover these short
sales has given an Improvement OF j
OF per cent. instead OF the expected
CeCl1ue OF from 20 ). The market -
u professional one, and ] regret 10 say.
likely 10 remain SO, at least unll after
the nominating conVenuons- look Tor
10 fgrrhcr liquidation, except from
SpCculd tors STOCKS are low enough %
l-tract investors. or, at least. prevent
them selling them. and general business
conditions throughout the country are
scch IS 10 justify the opinion that
STOCKS bought az present prices VIII
realize handsome profits 10 those who
can AFFORD 10 hold them over the Presi-
dental election
Benjamin Woodruff, local manager for
Post & Flags. Of New York: '@The ac-
ton OF the stock market since the
NCrtLern Securities decision was hand
Cd down has been somewhat 90 sur
prise to the street. in that 81 has ac-
cumuiated strength ana activity quite
beyond the general expectation. Senti-
nent as 20 It's future course now seems
10 hinge principally upon what action
viii be taken by the company for the
future management of the company.
and. awaiting such announcement, We
expect nothing more than a traders
market. confined 20 rather narrow linn
its. II is believed. however. that the
market has about discounted the ill CT
fects Of this decision, and any reason
able settlement as 10 the future status
Of the two railroads ia question viii
bring about a more active and advanc-
Ing market.