The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-10

IHfilsl NET w thH Ilqf HaF ~ ~ aHtFsA4Hf
fta atiHisH ihai ~ srsaHei n che HnffHN
lNa fhfWFeA fHs sesp ~ feelaea HtatfflHs
ioSeisH INNS NE item ~ ddes9lsB Eu,'lt
sh5s . iafss lHsfeHae messed N . drgfease
ItF tHrfFHae ffNved ~ w. IN effesf N y aNH
~ iHvalylNe = lffss etiH IN denasHt avs
IN harnesses Nv gffHfVH faWttfHHfHHfa Fhieh
eHtrs ~ eHsrf " ~ fssvf sslH N esfA
from me fefufH " eiffeHtr cent ~ atH
lfauslteg sffef fte ne " 10 pteNsife 'hsg
I've asHse fst'og wHF epsfsie IVA eoeHlpe
eeHt frsgHlHa N 4 iaHnef lurfeHss " Nte
lsae aeeWfHt faa ihst fHdsrd situtlsf erefa
itHNa stH esNtiaHa fhfatah iha gFra'h uHlaas
~ a9yaHee W maNsv fs,es hefe shuuid H4sts
n ~ ne advaNfsse " ne hatfdwrft ~ ~
elen funds Nv Htfslu 4 frreeat " fheif lnHns
~ HiHtnftg fathst tksn otv Them w W
h%cffoWine ., hcme
On Tbufsday oNs " ihs Wall street news
buttsua Hihilahei IN iutetvies eHh y \
Vaudsfiip, vIee president ~ the Natisnai
cav ilsnH. vho was IN rhiraeu The alsf N
Mf Nsndeftips eatemrht VS. that Shns
money waa iHely 10 continue fairly esav fUf
slstr davs ~ thefeshur's, there VS. fesson
~ lJot tor stfin aenef w tho IAN Ihets wHs
bUthine Nv this vhirh NE tsdlcallr di0eteht
from the views eypsHssri ~ lrailv
every important h9rl NE interest IN the las'
few weeks. The 1niy Inference was per
haps thai NJ, iarurfiip held oft hops OF
continuance Of cpWpHtativety eaay money
conditions while Other BANNERS ~ = tuie
placed q hsafef limit 20 'hs perlod within
Witch anything liRe tho present eaas could
10 eSpscsed There could hardly be sreateF
unanlmty NJ opinion IN banking circles b
had been known ~ eSis, for weeks on thia
ons point. and II was not therefore Illogical
tina. tho street entirely dareeafied tho
vanderlip interview M n market factor No the
time NJ ia appearance That tho matter
should bc taken M two days later and made
tho basis Of beRrlshneaa on stocks wAa en-
tirely illogical and ~ n high degree expressive
OF tho effect on the traders minds Of tho In
different Bucoeas Of the efforts to lnterest
tho public In the market through the manip-
ulatlon conducted within the last week or 80.
Perhaps the reason why 80 much attention
IA now directed 20 Mr.. Vanderbilt remarks
on the money situation IL that when the tone
Of the market changes brokers look around
for q reason and seize upon the first which
| comes to their hands. In the present Instance
there were two important considerations
crops and m~oney-but as 1t was a little too
early for crop X illlng and as there was nothing
In the present condition OF the money market
to cause any uneasiness MIR. Nanderlip's
statement was maRnined into q warning OF
serious danger and the necessity for I'M
mediate precautionary measures II wreck
and ruin were TO be avoided. This. OF course.
was very far fetched. but some Of the bears
preferred II to crop talk. as the latter
might cease to further their purposes after
the publication OF the Government report
at 2 O'Clock on Monday. With a good deal
of the winter wheat out Of the way from the
possibility Of drought damage and with
other crops st Ill In the stage where present
deterioration could be repaired before the
end OF the season. the forthcoming crop re-
port can hardly be made the basis for definite
conclusions as to the size Of the years harvest.
A trader who evidently was not convinced
by the talk about n coming change In the
money situation said: Never fear. we shall
have money enough for this kind Of a market. 4"
There Is a good deal Of scepticism az to the
real character Of the buying of 81. Paul which
is so openly done by so-called Standard Oil
brokers. A matter that naturally excites
suspicion is the fact that the preferred stock,
which must share in any rights granted to
holders OF the common. has had no rise to
correspond with the advance IN the latter
within che past few weeks. The preferred
sells no higher than In the opinion OF excellent
Judges Of values II should sell. wholly ire
spective Of consideration OF valuable rights.
and this neglect OF the safer issue OF the two
naturally affords a pretty strong indication
Of the real character OF the rise In the other.
Apart from the value OF the company's
ore lands II Ia said that there was another
reason for the recent advance In Delaware
and Hudson In plans for the infusion OF new
Hood into the mana cement In order TO bring
the operating methods into line with those
which have prevailed on the Lackawanna
since President Truesdale assumed direction.
In the last few years there has been a tendency
toward the introduction OF modern methods
into delaware and Hudson's affairs. but
nothing radical has yet occurred. and In rail-
road quarters 1t Is asserted that II President
Wilcox received the right kind OF support In
the introduction Of important changes a very
different complexion could be given TO the
oompany's operating results within q COM
paratively short period
Large speculative interests seem to have
been tightening their holdings OF United
states steel for some time past. The reason
is not to be found in the steel business
Retter refutatlon Of the sensational story
about Rockefeller opposition to United States
Rubber could hardly be desired than the
entire lack Of effect on Rubber securities
The story was founded on the organization
I months ago by Senator Aldrlch. John d.
Rockefeller, Jr., and associates OF the Con-
tinental Rubber Company for the manu-
facture of crude rubber from a Mexican
nisnt not hitherto used for that purpose
| Senator Aldrich is a close personal friend oil
| Col. Colt, president Of United States Rubber
and the two companies Instead OF being
competitors will work In armony. ONE
detail of the story which caused some amuse'
nent was that a certain New street stoch
broker who went to Europe to further the
plans OF the new company sent for John ID.
Rockefeller, and the father OF the STANDARD
OIL Company responded to the
Such dociiity. It was said, should prove en-
oouraging to President Roosevelt In any
| future plans which he might have In con-
peotion with the tanning Of Standard OIL.
MANY traders expressed the opinion that o
bear CLIQUE had begun operations In Amalga'
mated Copper, but the more widely accepted
theory was that the bull interest In the stock
had not received support from the largest In.
terests in the company. and being discouraged
by the continuance Of realizing apparently
for account OF insiders had recently shown
a disposition to tighten Its load whenever the
market offered an opportunity. Some houses
which have been consistently bullish on Anal
ramated for several months. while still favor
ably impressed with the soundness OF the
| trade position. are now forced to admit that
| the stock has recently acted In a very dfsap-
pointing way.