Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-18
BULLS AND BEARS

| Commission houses are beginning to be
openly bearish. A. Q. Brown & Co. say:
| THE markets position Is bound to be-
| come weaker with the increase In the out
] side interest. We expect to see prices put
| higher by manipulation for the purpose of
| distributing stocks. but we do not believe
| the possibility of profits warrants the risk
| OF making new commitments on the long
side at prevailing prices which, in our opin-
| ion. have discounted even the exceptionally
| favorable existing conditions
A lot of talk Is going on about the work
of pools, wash transactions and the like,
for which there is undoubtedly a substantial
| basis of truth. Sentiment is not altogether
one-sided in the street. as some timid bulls
who hear that everybody is long of stocks
and talking still higher prices.
1t should not be forgotten, however that
there was lot of manipulation in last
years important and large advance which
conditions warranted, as in the opinion of
good judges. they justify it today.
Railroad equipment orders for the week
throw some light on the aggressive strength
that the stocks of the equipment corpora
lions are showing under the leadership of
the American locomotive shares There are
no more enthusiastic bulls on the outlook
for business than the railway traffic man
ayers. and the logical inference from this
Is that orders for rails cars, locomotives
and other necessary material will be large
in the present fiscal year. The Railroad
Gazette says:
THE following companies have ordered
cars from the American Car and Foundry
Company: The Panama Railroad Company,
1t is reported, 600 box cars of $1,000
pounds capacity: the New York Central
and Hudson River Railroad Company. 17o
electric steel cars; the Carnegie Steel
Company, 100 dump cars; the Dequeen
Eastern Railroad Company. IS logging cars;
the Missouri. Oklahoma and Gulf Railroad
Company, 10 box cars; the Richmond.
Fredericksburg and Potomac Railroad Com
pany, baggage and express cars.
THE Kansas City Southern Railway
Company Is in the market for 800 box cars
and 100 stock cars. The Nipe Bay Com
cars. The Deepwater Railway Company Is
having 40 box cars built. The Central
Railroad Company Of New Jersey has
ordered 100 refrigerator cars. The Lehigh
Valley Railroad Company has ordered 100
refrigerator cars
| The Atlantic Coast Line Railroad Com
pany is having seventy-tive self-cleaning
hopper bottom drop covered gondola cars
built The Georgia, Florida and Alabama
Railroad Company is in the market for
forty fiat cars and fifty box cars. The Bos-
| ton and Maine Railroad Company has or
dered forty standard box cars. 1t is report
ed that the Lake Shore and Michigan
Southern Railway Company has ordered
three combination coach and dining cars.
The Erie Railroad Company is in the mar
ket for 500 box cars The Southern Rail
way Company is in the market for 300
dump cars. The Georgia Central Railroad
Company has asked bids on 800 box cars.
The Dominion Coal Company has ordered
100 steel coal cars. The Texas Central
Railroad Company has ordered two pas
he q
800 fiat cars built.
The Alabama and Nicksburg Railroad
Company has ordered sixty ballast cars. 1t
is reported that the Great Western Rail-
road Company has ordered one sleeping car
from the Pullman company.
The Seaboard Air Line Railway Company
is in the market for 500 plain box cars and
500 ventilated box cars The Muncie and
Portland Traction Company of Portland,
Ind, is in the market for ten passenger
cars An Argentine railroad has ordered
ten steel under-frame ballast cars in this
country.
The Spokane and International Railroad
Company has ordered 102 freight cars. The
United Railways Company of Havana is in
the market for 325 freight cars. The Amer
lean Locomotive Company has received an
order from the Kansas City Southern Rail-
way Company for twelve freight and eight
switching locomotives. The New York
Central and Hudson River Railroad Com
pany has ordered thirty-five electric loco
motives from the General Electric Com
pany and the American Locomotive COM
pany Jointly.
The Pittsburg Cincinnati, Chicago and
ST. Louis Railway Company is in the mar
ket for some combination locomotives. The
Southside Commercial and Railway Com
pany Of Arkansas on the completion of its
line Is in the market for three eighty-five-
ton freight locomotives"
Compilations of railroad gross earnings
made by Wall street news agency show
the following results. compared with the
corresponding periods last year:
For the fourth week of July the gross
earnings of thirty EIGHT roads aggregated
S11 ,6S7 4S3 an increase Of 81 Coz, 461 or 9.41
per cent.
For the month Of July the gross earnings
of forty-four roads aggregated $44 O25, 271,
an increase of $2923.474, or III per cent.
For the first week of August the gross
earnings of twenty-five roads amounted to
&c. 90S. 45O, an increase of $466 81, or ia per
cent.
Pittsburg dispatches say that 1t has been
announced that the United States Steel Cor
poration has made arrangements for the
purchase of between 10000 and 40 900 tons
of BeSSemer pig for summer delivery. 1t Is