The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1904-04-04
OF CLEWS
THE MERGER DECISION CAUSES
CHANGE IN RAILROAD DEALS.
Money Market Continues STEADY
Russians trying Paris and Japan
London for War Loans-The
Market In Better Condition.
sncclnI 10 M Ardmoreite.

merger decision mas been 10 remove
the uncertainty which held in check
a number of important railroad deals
NOW that competing roads cannot De
rut under control o. a holding com
pany other mean, are being sought
FOR railroad development. Ior restraint
gt cuJtlru1t competition. and for
stability m rates AMI earnings Ins
enormous growth of our railroad 1891
t,m- has created forces which tax
the ingenuity OF our ablcst duancicr.
and lawyers ty withstand and self
preservation i- simply driving the
great leaders into some sort of co
operation. which they naturally desire
TO make as permanent as possible
just where the line shall be- drawn be-
tween too much concentration and
TOO much competition is the problem
now before the railroad magnates OF
the West. and il is impossible for
either insiders or outsiders To- antici-
pate the final outcome. Suffice 1t 10
say that moves of great importance
are now being made on the financial
-,h,ssh,,rd tb. ultimate outcome of
which is likely to be beneficial to AL.
concerned Incident to these final
objects there may De temporary din
~,,,,,. ,f ,@ririor ,s well ,s rropp
r,,, f,r r,.itiop and mastery. but all
o,.r..,. .,.w ogro,1 tina, something
5.,. b. ,~,,.,r., tho fpt,rsst.
..t.. ,,.r.,s and rs.r-. of railroads
3d.. no.. ann, r.p,Gt,J nv STABILITY
-,,,tJ.r. "a, r,t,. since
~,a,,.5 ,-,mr.tr,r has proyad
. . all .i,t.r,-ts ami ,ous,Ii
..t, .~,r,u.,,,. limo. ts. E..r dc.
I.r,l .. h, ,c,fr,t h,tt ,t. sherman
, l,,. and ,,rri, Interest
, 5,.i,. INNS, L. utilized
,,uu,r,ruy o., l.ost mill 81 hotter
,r.J q,,, ,-o,r,u-iyo,
.., il., La. ,-op.aou,utIy r..
~,.,.t r.,sn and po,y.rr,I iunptu
, r. .,,,rt d,.i.ion of tba SIN.
,r,m, ,.rr, and mast og tho ~rarotio.
l,t., ,,u. onin, ,, .or, +, a. bos.d
- r., u,o, Nm, ,hirr ,s o,itr
,.rtoir ,rn.. who load i'm tbcs,
,...m.n,. ,r, mn, c,irc =. risk an.
l,,,.r .,cr .vneriop,, ,s the Northern
~p,.ia. manic ~, rqol There is for
r,raf.Iy uuIe # any probability of a
r.n,,,ro, ~, that memorable event
Anon, all that ,on bo said is that tx
~,.,5t,cly im,ortap, negotiations an,
r,5.r u,y b.tw,,p thoso who con
,u., no r,r,ors Continental railroad
sv,,.ms and that those parties ar,
oorrosry working f. reach an under
,~,,,5tog .,,h.r hy friendly means q,
nos,inI, nrorch I'M, courts hut not
h.. ,,,,,., In huvin, for control
T,o r.,,y market continues cas-,
h,,,u.o Insin.ss and speculative re-
ENVIRONMENTS ar, loss urgent than for
NJ >,i,b,r IN, Anil settlement.
NOR 81, prosuect of cold cXp0rts mad
amy. ,p,r,rionln ,0ecr upop rates
some comment WAS made upon loan,
missing IN, billion mark for the FIRST
l,fr. aud IN. prnsn,ct of diminished
n.ra r~sssry,s nut oven tn,s, factor.
.r.,r.r ~, unn,.fnrss I'm banking cir
.I.s ,nr fb, reason THAT trr pr.scu,
itf,n ,..,,.l tp liam. a.. Ilrr.lv dine &,
It. r,rr,virr. of s,rore r.rporatious
who ind IL more advantageous To-
ali-r necessary funds i'm this fashion
than 10 issue new security issue.
when values arc Iow. London has
been more friendly TO American
stocks. but no special foreign support
can be- counted upon until il is known
that the war will bring forth. Rus
-ia has been sounding Paris. Japan
- 60. - ~ ..1 al.