The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-06
I.P|i0WERSIFR|'ENDlY
T0sST0 ! <, N b [. /
Fl IL III ta u 81 &
Apparent Willingness Of Wall
Street Magnatcs to See
4, Prices Go Up. "a q N
TAKING 1 I: OF STEEL DIVIDEND.
D Spectacular Fight Between Fish.
and Hartman. Arouscs$ Inter
est-Market Gossip.
TALKING OF sTEEL DIVIDEND
Spectacular Fight, Between Fish

est--Market Gossip.
BY w. G. Nicholas. .
NEW DIRK, August ga relnstate-i
Ment OF steel common on n skinny dl-l
svidend basis Is expected 10 bring ting
{ public into the stock market and bring
about nno tier enthusiastic bull & move
ment. 1t will take bout 310. OO0 OOO ~
common for 4 year, and as the corpora!.i
ton lis earning more than {lGO, 900, 900 II
would appear TINT the amount can be
spared. II might even add 70 the credit
deem It Wise in the future TO borrow
money and ISSUE more bonds for the ac-,
quircments OF Tennessee coal and /. iron,
Colorado fuel and iron, Jim '''1s5 Fiji ore
Tho steel dividend declaration adds to
the tangible proof that the powers q
wall street aTe friendly g the ssock rs
market and willn!. 70 see prices ~ " WI
money at 21-2 per cent nyaila bic I. !, for
speculation in securities. The fact that
much OF the money which ais looming on
who have made their time nrrnngementss
into the next year on basis OF = and
61.2 per cent enters not n to- q, the cal.
81 opoyant ols
certainty that within sixty or ninety
days the cheap money which IL no. ~
evidence, Will be needed by It's owners.
SUFFICIENT unto .he gay - the eyl t thaad
ana buy stocks on The strength !, of I, Gay a:,
the banking interests Will have need = TO
distribute great mass q stocks ,tS e.,
70 get q good price for The l84 "a me me
Everybody come IN, the water 1. rs warm E11l5
Wall street forgot % put on Grape
Fish. 6f The Illinois Central Mr.. H ia
+ financial districts. He is arrogant and
,Insocial In his financial life beyond any;
paigns arc organized and carried out
ftgardless OF anbitions. comforts and
arrangements Of others In tho same n ili !
he Is necessarily SS and agsre cA'a y
fearless nearly everybody Is more or q less
afraid OF him. From the very begin.
ming he never Tor q moment hesltat x
grappie With me SlssesI s'ant ~
cation OF Erie. when single anded no
forced that great Then ne IN
/ shape Ris plans. 4 There has been a feel;
ing between the two ever since, and
on more tiinn one occasion battles were
fought that shook tho market TO Ats
foundations. i every instance Harr \;
man was the aggresYor. and he Is still
afterthe Morgan scalp as hard as ever.
Repeatedly II has been necessary Tor me
Rockefeller Interests TO repress ms az &C.,
party has received thcTmore than pas.
sive cooperation OF Kuhn. Loeb and
4 Company, although the latter flr!n 81 10
regarded as Mr. Marrlma anga haek SUP pom
the aggressive little giant. he would be
5intolerable. His attempt to Wrest tho:
Illinois Central from the conseryatt I,
sIe.s e sR or
many long day. and IT was considered
i CT POLITELY nesessar ~ for the well a being
3plinad B III the present writing Mr.. Inr-.
rYnsn has moro fights on his hands,
3thnnl anybody IN the financial district,
and smons his r,n,es are ranked se eGr
tho ilrst time, to be combining. and to
b gaining courage BY the success q
tending their preliminary manuvcrs for;
self protection. Mr., Fish commands the
and tho railroad men generally.
In speaking OF q tho continuous 8in-
crease In the worlds volume OF money
due to the enlarged production 81 gold <
s avoid tic eu1 USE Of he work inastion
4 Bankers and business mon do not Y ike
4 the idea which the use Of that WORD ex <.
They prefear oes
Ter 10 bostor the theory that the stu;
pcndous increase In the quantity Of
1eopesen whsh an Il 9ns
Sng soiidly from rock foundations. They;
preach that the Increased output o.. god q
III IN /, fiDnnCe fhfS Wondor-9
iul age OF progress and prosperity ana
that thcre is no possible danger, IN
their public TX I. tho rank and e ne o.
hankeTs ana III 70 give he slight
.at er,coSu a 10 the Idea that this
.lossa inlation. on q case OF ba loon
hlling which must st ultimstey resndin
ton this calendar year will underestimate
Viii Vii go to reinforce the world 8 h stock
Of metallic money an increase which '%ili
aether forming d basis for further credit
imtia Cont is this situation upon which
rests fabric Of business aRa speGia W
~ nrices and goes far to explain why
5n an should he@marked IN IN, the
face Of Conditions which IN former years
would have been reg g react 10 Han sute az
runners OF protractea reaeslo'''
The standard Oil magnates do not re-
nsh being advertised ns having gone
into into the business Of discipllning the
business world II order e s Mbst te m aa
Taxa i made In Interfering With trusts
i1 a the activity Of its publicity a ns-
reau In trying to correct the im pres
sion which, has been f tMn ,hat n'ah IN
the stock market, which produced 9
treat break in prices. The &goyernlmea Z 9
Z {ail-downI liz the Ohio prosecution 2. Of
standard y 1on A1 and mo.
William Rockefeller to the Jnltea
FINAN