The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-06-07
RESERVOIRS OF FRENCH
CAPITAL lNVITING
RuInOT Creates Excitement IN
Stock Market UneQuaIIed
For Two Years

New York, June 7--Thefe was
sudden reklndllng ol dhe speculative
spirit in the New Yon securities
marked last week, and toward the end
Of the week this issued In state Of
excitement not Witnessed Ia the mar
ket for over two years past
Various incidents served 20 awak
en- the market irmn the seml.torpid
state. but apparenlly "a was the prol
cot 10 introduce Che United States
Steel stocks 30 tho Paris market,
whiou was of most effect This waa
supplemented by the belief that Inn
pomant plans were wording out look
ing 10 The harmunization Of relations
between the great iranac0nilnental
railroads
Rich and Hard 70 Peach.
THE great reservoirs Of French
captal comprised IN the numerous
small Accommodations Of that thrifts
people are considered lFin must II
Wiling field Of supply for that ct
afaetivo commodity known to the
financial world
Nod only doea A furnish IN ahund
ant supply. hut Investments onre
distributed among Froneh holders
find a lodgmcni 80 tenaclous and free
from usual ylcissltues Of constant
shifting by speculation maneuVers
ihaa stability AZ thus insured
This Held, however, ls regarded gs
the most difficult Of access ug out
slide enterprise owing To the com
bined effects Of the extreme sonserV
aHsm uf tho French investor and the
rigid requirements of the French law
and bourso regulations
The news chat way had been
found hy the United States 3teei
sponsors DO thread thls labyrinth ap-
pealed immediately to che speculative
sentiment
effect Of Atchison ls Seen.
The outbuiTi Ia the transe0nainent
al railroad stocks had Its Inception in
the formal agreement made between
the Union Pacific and the Northern
Pacific for the joint use of trackage
IN s region beyond Seattle This WAS
interpreted as definite treaty 0f
peace between the two great railroad
powers and as furnishing finai asauf
ances against such a damaging con.
ilict as YVES once involved IN the
contest for control OF the burlington
lntimatiOns were circulated tn
Wall street that tho statues Of the
st. paul Pacific Coast extension was
definitely fixed, ai tlle same time
This group OF railroads was affected
further by the Atchlson'g offer Of
s26.0OO,00O OF convertible bonds and
the consequent insurance Of lte flnan-
clgl requirements
More Hartman Dividends.
Rumors OF intended Increase nj
dividends on Hartman railroad
stocks aud Oi an exchange Of sua;,ess
ern Pacific preferred stock for tho
common Induced q furious aneenla.
iion IN those stocks
ldltle attention Was paid 70 gen
eral conditions Of business and in.
duslrG Nothing 10 disturb sentiment
was reported but nothing striking IN
the Way OF change occurred except
the continued expansion of the steel
industry Many orders tn various
lines Of steel we're nep0rted ct record
figures.
Opinions on Che condition 81 me
crops varied somewhat, the news re-
flecsing cecaelOnal uneaainesA over
the winter wheat proapccta New
Issues Oi securitgeR continued on 4
lafge scale with further heavg fiota
llons IN prospect
A gold seapment to Ffnnes Wit
Messed the continued control 0f the
aew York supply by foreign bankers
The money market, however. main
talned ita undlslufbed ease.