New-York tribune., 1907-06-01
WALL STREET HAPPY.
PRAISE FOR PRESIDENT.
Sentiment HCIped by the Hdianap-
oils SDccch.

Ias been effective in removing the miSappTeheu-
sion iu Wall Street regarding the views and in
lautons of The administration on the railroad
problem. and il IS believed that this better uu-
d.rstandtug by the financial community viii bee
AN importont factor IN STRENGTHENING confidence
In Investment circles. ana viii eventually lead
u ~eaajUstm-nt of tue values OF securities 10
q higher level
- published u me Tribune %. Tnur-dsy. che
Presidents s.no.n in the main WAS known in
Wall street ON Wednesday, htch was rospon-
s.hi- for sharp upward movement in stocks on
t.at day, while IN Yesterdays market prices III
the carly dealings continued to move under the
influence Of the better understanding. selling off
AT the close ON an adverse report on cotton con-
di.ione
one Influential banker said yesterday that in
his aniuian the Presidents remarks would clear
away an the peculiar ideas held by many people
relative u the governments attitude on The
matter OF railway regulation. ana would servo
- ~~-tor" confidence in circles where Wall
Streets recent Interpretation of the Presidents
eam0aign against corporations that do not obey
ae law ana which have been law unto them
selves for many years has caused So much fear
ou The part 0f the owners of American railroad
securities.
II believe" he said that the whole subject #
tho regulation of corporations by the govern
mont is being handled 10y the President I'm a
most Intelligent manner and that # the matter
IS worked out on the lines ne suggests tho hold
ers 4 American stocks and bonds win be b4ue-
hJoi, and that the value OF all securities VIII be
materially strengthened"
jefferson NJ. Levy. who served two terms iu
Congress. and who has always taken interest in
the financial and transportation problems. said
yesterday
Il have never shared IN the fear that has been
noted in some quarters over the determination
II the administration 10 regulate the corpora
rious. and I believe the frank views expressed
by President Roosevelt in his indianapolis
speech viii be effective iu restoring confidence
in all circles. and win convince investors ana
business men I'm general that nothing Is intend
ed that VIII upset rea. value Of American se-
cu-trles. Securities are selling AZ low figures
much under rh-i~ true worth The country IS
growing rapidly. and any setback that may
come from poor crops and natural reaction VIII
"ot destroy the nauou's growth The country
has gor - grow and wi,h il the rai.r ads and
government supervision Of the grea, transport
tation industry VII serve 10 protect the inter
"Srs If the people who have invested their saw
ing~ in railroad stocks and bonds"
Marshall Spa3ar d GO. issued a statement. as
follows
We do not expect the stock market TO be Iu-
in the long run by the announcement
Presidents speech Yesterday. but We believe the
Immediate effect = bis utterarcos viii not ro-
main long on The market. ana that Operators
III ha forced o. admit other Influences as ef-
f~'tiE- in shaping sentiment. Among these
rap conditions. tho euormouz pressure OF now
aritaI issues and rae question of how ma.h
gold will ba exported u Europe during ta.
summer take first rank while the attitude II
labor ORGANIZATIONS IS ST all times matter 20
-roughr about by snort crops"
Henry Clews said this Il The Presidents
The Presidents speech Is about what ex-
.'ea. Judging from h.s recently expressed .
Jews in relation 10 railroad matters which have
<ew York and elsewhere His speech thereon
consider conservative and ir should be roassur-
A- 10 see-lIty holders. While hc insists that .
le government shall have more to say regarding +
'EIaTat" properties there is I'D threat TO rail- .
here is notice SERVED tlat he VIII insist on
.a.'st methods and publicity as 10 lugreas. OF .
"i.'al aH1 alI that apptrIa.us thereto This IT,
'lat have been suggesting for "a long Time.
= vii. .e for Tic public good
James T. Clews said. "TAsre l7-uor much n
b" Presidents message 10 encourage lId.-.riu.
.Hte iaE.ag Of stocks. As ia we'll known Dee
'"ts not favor WiI.ag our railroads. nor under
aiming good securities nevertheless. lo strou-s-
-aE""-tn. pl. sica. valuation and also federal
. - H. o''.. '.' ~ ~ ''., ''.'9.'N'
B
J." lined :" view the speech rather farara..t.
mis- is the first time that the President has
au.in.E mixed the sweet with the bitter"
:. = Ii"usmau. head u. a. A. Hou7man q co.,.
aid E'st.. day.
81 think the Presidents speech az Iudiauauo.
r I'waItf- I'o- Was one ot tho .lus- sat.-ta"-
oTy that ! even have read. and wha. he says
'usat So do a good deal to rraseure investors.
.ru appear 10 have been i'm need of something.
IF the sort lately, judging hy the market. be-
"rc the President means exactly what he SAYS.
nd VIII Try {" accomplish what lac advocates"
Frank IruuiuU, president % the colorado IS
Southern Eai"aw Company. said that lc was
sy'sahly impressed with President Roosefelts
I.-0I. and I'-aT-"l 81 as % Ia.F aHt 'HiHlT'-
.en-I.e statement II the railroad situation I.
j.. United States. He continued as follows.
while thin. that federal charters and fedora.
grerEIeipr ~ the railroads would hc beneficial.
auu - ne "rtnt"n that no little opposition
would ae .reouuiere3 ou The question "1 states
|anfs II amy attempt were made F." puf such "
.'au into effect. thirk however. thai ih"
=. existing corporal atiuue that are roue.r .rratlHeIv
.arageI. ana that u should lead investors to .
"a a..zo that = 'ho a..s governing r"'.ruad7 .H,
ID ir made more strict thern need ue lit''o fcaE
4 .auI petition from -," enterprises not having
rrsuE financial support
A. ,H- Office Of i n Hartman 1t aas sand
Tn. president of q Western railroad. who is
ri trartlv SCI down as Democrat. said that IN
5- ,r..rI8n President EooscveIte ideas as to the
.,- we're carried put rha entire railroad sItuH-
i'm .-aud Dc in much hottor shape than at TN.
resent tline lie said Doc cIu u"I regard the
residents ideas ae-ralin-i.
INQUIRY FOR 10000 FREIGHT CARS.
An inquiry for ,on thousand freight cars. it was
.fg .-asrorfar was .u The market from the chi
,ao Lake shore & Eastern. without postpone
lartg ana with the natural how % rHAI luslHess
,,f 81 % l Hl