Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-09

No one who was seen thlS morning was
willing TO express opinion to the ex-
tent to which the Hartman issues and the
active list as a whole will be affected by
the rather definite statement from Wash
ington that the administration has been adj
vsed not to begin criminal proceedings
against r. H. Hartman and to pursue a
more conservative policy with respect to
corporations and corporate managers.
Prominent railroad men and banking inter-
ests have understood all the week that moth
ing of a spectacular character at least
would he done by the administration with
respect TO Mr.. Hartman or the railroads
which he represents. 1t is claimed that Mr..
Harrimans legal advisers have been abso-
lutely confident of their chiefs position all
the way through the agitation and investi-
CATION of the Hartman roads. as they were
certain that absolutely nothing of illegal
character or anything on which Mr. Harri-
man could be held had been done.
II is rumored that the New York. New
Haven and Hartford has offered to guaran-
tee the controlling interests in the Delaware
and Hudson. and is inclined to favor
guarantee by the New Haven in preference
10 one by the New York Central.
-
According to well-authenticated advices
from Chicago. the affairs of the Chicago
SUBWAY company anu the larger part Oh
the company's securities are in the hands of
fewer number of prominent capitalists
and railroad interests than at any time
since the enterprise was started. In these
advices the statement which we published a
few days ago that the financial needs of
the company for some time to come had
been arranged is fully corroborated. There
Is excellent reason for believing that from
this time on the property will be developed
at rapid rate and that by the beginning
of 1913 it will be making substantial earn
ings.
Some OF the representative bond dealers
are still inclined to be pessimistc regarding
the stock market, because they are not able
10 detect any material improvement in the
demand for Investment securities. con-
fdenty OF the opinion that conditions in
Wall street will not be healthy until there
Is an active bond market Apparently, those
who take this position have. through the
extreme dullness of the bond market lost
sight of signs OF Improvement in the gen.
eral situation. Conservative operators who
are disposed to be more optimistic say that
while they do not look for a big rise In
securities in the near future. they believe
that conditions are considerably better than
they were few weeks ago. but that the
Improvement has not been discovered, ex-
cept by few observers They think that
the market will be sensitive to unfavorable
announcements from Washington and from
the west with respect to the crops and that
II will decline rather sharply on such oc-
CasionS. but that II will show more rallying
power than for long time back, because
according to their information. certain in
terests are now willing to buy the leading
securities on reactions. Representatives of
some commission houses reported slight
increase in the general trading yesterday,
but in most instances said il was at about
the highest prices and consequently of not
Q very substantial character
An official OF trust company in this city
who rnfurnnd frnm E,urnne about ten day