Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-10
BULLS AND BEARS

facts one should read the county weekly
papers published In the west. The items
of personal gossip which these sheets print
tell more I'm a line about the actual harvest
Ing conditions and prospects than all the
government reports and yarns of the ex-
perts put together. AT the present time
the western county papers are announcing
thanksgiving services in the churches for
the bountiful crops of the year. One week
ly tells Of small Kansas farmer who has
contracted to sell his yield Of cern-2o, GOO
bushels-for 40 cents bushel, delivered at
the elevator.
Summing up general and market condi-
tons. Bartlett, Frazier & Darlington say:
The market is professional with an ex-
cellent undertone. but there is lack OF ag-
gressveness, due entirely to the absence OF
public interest and the temporary neglect
OF the big financial operators. When we
speak of operators we do not refer to the
speculative gambling class whose propensi-
ties find an equally favorable field at the
roulette table or the stock ticker. There
are certain men and certain institutions In
the financial district that can sway mar
kefs when they SO desire, and 1t must be
said to their credit that their acumen Is
really nothing more than thorough knowl-
edge of existing conditions in trade and
finance.
I'VE do not profess to be able to take the
same view point all the time as these mas
tiers Of finance, but we do believe that the
factors In the present situation are so OBJ
vious that the only deduction that can re-
suit from scrutiny of conditions is that
higher prices for stocks must prevail. I'm
diluted optimism has been menace to the
market very often, but at the present time
a bearish propensity seems to us to be
abnormal Technical conditions in the
lot o,%f<r lev ,1-
the present time, and crops, business and
monetary conditions are the basic factors
In the situation"
The level of stock prices has been rising
slowly. but steadily, ali summer. Very
shreWd forecasters predicted in June that
"a creeping buh market was ahead and
creeping markets usually. at some sudden
stage develop great PEDESTRIAN ability.
The logic of the lament is hard to dis
cover, but 1t Is fact that on many sides
the big speculation In smelters is bewaiied
as likely to hurt the market.
Charles P. Neil. statistfcian OF the anthra-
cite strike commission. has issued a circu-
lar to the anthracite coal operators, stating
that the price of coal at tide-water entities
the mine workers to a per cent increase
above the August basis. This Is a 1 per
cent increase over last month.
X
The National Biscuit Company has de-
clared the regularly quarterly dividend Of
IN per cent on its preferred stock, paya BILE
on August 81. the books closing on August
II and the regular quarterly dividend of /
per cent on its common stock, payable on
October Ia. the books. closing on Septem-
Der %.
The Metropolitan Street Railway Com
pany reports gross earnings of the month
of July of 81, S92, $780, an increase of $40 400
over those of July last year. The earnings
for last month were the largest for any July
In the history of the company.
The Stockholders of the nerIcap Cnnalt.