Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-23
NEWS AND GOSSIP
FROM WALL STREET
BY w. G. NICHOLAS.

IL md lFriR
HuicA anu y nv - 49,,
oI the i'Noii'e9 nave "eeii 'u''oeu 81 'u"u
In the most oeWliuerlhS way greatly ~ the
mystincation of the traders Important
1iouidation has been going on steadily for
IT,, -, -, -, 90, ,ho, oro
Qul'e d "iiiie' anu .'''' nov W ~ ~
hears OF iilhueh'ldi oPeia'ols closlhs ou'
their trades and banking their prohts. Inc
average of prices is now as high as it was
at the climax of the fve-year bull move
ment which eliminated three years ago
1t is true that during the last three years
there has been tremendous railroad and
industrial development and substantial
rise in intrinsic values At the same time
there has been a heavy increase in bond
d .ool, confederation but most of the
- - -. -,
money reahzeu ihereiiolh mas soie ih'o 'ie
properties for their betterment Raliroaos
i'll particular nave put hundreds OF mililohs
of dollars in new terminals, new tracks, eX-
tensions, renewals and equipment. Atten-
ton is being called to the fact that rail-
read mile tonnage has increased more than
100 per cent during the last seven years,
against a gain OF approximately ID per
cent in population. In this connection
prophecy is made that the record of the
next seven-year period will show a gain
correspondingiy as large. IL ,his preui Ss
ton proves anywhere near true railroads
will be taxed to their utmost to handle the
business. and the improvements now gong
o Ann naNf for ncreased facilities which
are now being made on the theory that
nothing more Will be needed Tor a erea'
ihdiN year ;. may ,p LIZ IN 80. ~ istn,,nJinC
,,,,,yth of tho country than the work now
being done by railroads to enlarge their
terminals and add to their track mileage
throughout 'he se''ieu poi 'ioii' VI 'io N'
"S' u.,,;,r,on,s Moves
80
The wlseacres OF the street hslst THAT
L o
Pacific and into a position to make a fight
,,,,i,,s, tho continuation sunnosed to be
"s'''i '''o - ,,olio,.oa 70
dTld9eu "SdIi'S' liii' q Sup
be headed by j. Plerpont Morgan anu
James j. HILL with william hockeieiei
and James Stillman In taclt co-operatloh
Many things contribute to the support OF
this theory. but on the other mana d very
considerable element scon at the gossip
and subject it 10 severest rldlcuIe- Mean
time, conservative commission merchants
are discourse ng speculation in the Harrl-
man stocks for the time being, ana also
advising against the purchase OF hlsIi
priced Hill securities. 1hey say tllilt IIedl
Northern at 80 is too skyscrapinS TO DE
attractive and Northern Pacific around lSo
* on stills. The movement of the big nsh
in the Wall street pool are certainly ulS-
trbing to the comfort of the mass of trad
ers and the literature which goes out OF
the financial district these days Is fuli OF
the gospel of prudence and patience.
~: 1.,Loo+ Da.l
The May wheat deal promises TO become
s,o,tac,,1ar The NAV is on the Chicago
. a b. tho nerformers are
poaiu VI 'ie' NJ, dat
scattered all over the county "
is being conducted under the management
of John w Gates on behalf of himself ana
\ number ,f very rich men. most of them
- n..o,. TINA living
"es'eI4tts' Jul "' TIC P-
in New York. Mr.. Gates has command vi
all the money that may be needed ana an as
the shorts are also rlcn men there - ma
terial for big fireworks; The Gates party
has about 22ovo,Oo ousheis OF wn i
bought for May delivery IN CLncago. Ihey
control all the cash wheat in ST. Louis ana
in Minneapolis and have made a close can
Vass OF available supplies IN country elesa-
tors contrloutory 70 the Wlli1y cry ny =,
have hguredlt out that they VIII hot oo ndSe "
take and pay tor more imam Z'aooooo push i,
els OF No wheat IA ADDITION 10 me sInaii
stock OF ABOUT i'JHogO pushels now III 'i *,
chicago elevators. nus WOuiu hdhe ~
the aggregate dpout fo''oVV DuaHe.' ~.
cdSA PIVPtI4 70 lihe altu p'y ~ -. ~
emu Oh May AssuiIilhS mo! mo sile 'aotI -
terest VIII not DC uiLiiiHIhsll 90, ~ amS 80
teut' IL WouIu aPPeai 1Lie't 'Iie ~ ~ ue $3.50 -
il IN us power 70 squeSZe ne M,it ~ 80
10 'He TAleIaC VI 5000 VI is
t.s. me neat oou - ~. ps .he ~ I45 80
u.lueiS'oou ~ att'llu tiIetii ~, ~ -
~ U! oiliS t'" pms 'Vo ~ si1 u't,S
quo,d ions, az tIIe4e s,ie !tL Nc! - s
"eehS oeIoIe tiie lIis' III ~ y. t4ie NiS.y o."
tracts u W0u!u oVN!ously MOI pe 10 'i!e III
'etoot u ~ -. ~ 70 20 W y ~ 90
eA'i'E s'S'Ii' Po'l4N az 'IttS PSitou' do NJ
WouId De LlVltIhS tie ueI'Eery Oh cdsh gram am
PIehd sutelS anu Pu'ttllS 'nehise''SS " nc
necessity OF takIue care Oh II. me puil
am - ~ u 100 f w P 49, 800,
wheat up 70 10 OF Lou he" udys before
the emu Oh Nay anu give the shorSs d
cIdHce 10 COnIe ~ az thdt Pl ne; IHoSe
"Ho "aH1 ~ iiiShe &c &c 'tteiieit WI pe a.
iC"SN " w -; ~ II 1I4e S',ot . iio.C oue
ee ~ ioJ " ~ ., Te @ GU " ~ ~ vi 10 "a
e nis M g. oeirS i!SqueiitiS t,
% PGS9Iot't's: - nc III &c Ia sest ei4oi -
ar - ~ De ~ % iSt'n u VI 10 ely io
- " Ia 30 81 "a me CIiCso poa ~
VI Va SSf,.i -. 49, III iu ~ ii,oui % -;
III auui,'oh ~ tile9e may oe hehtIoIeu
west ana lot lew chrome gram pears Oh
Spencer Of st. Louis is an allv of the
clique and working in harmony with it. al
thougn not a member. lie Is running an
.haIN LuLal 80 III az, LOUIS ana mas
M -. - az - -