Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-13
BULLS AND BEARS

Special Dispatch to The Star.
NEW YORK, September 13-The opinion
was pretty generally expressed this morn
ing that the stock market was likely to
continue active and strong. with only mod
crate reactions, fer some time. A few days
ago 1t was feared that the Bank Of Eng
land might advance its discount rate even
to ~ per cent. In that event 1t was ap-
pretended that the flow OF gold to this side
might be seriously checked. particularly as
Paris bankers did not seem inclined to re-
lease their surplus OF the precious metal.
Now that the English bank rate has been
advanced only fractionally and inasmuch
as 1t seems altogether probable that Paris
will supply the compliment of gold needed
on this side, stock market interests believe
that money will not be an adverse factor
in their operations. The opinion Is also
generally held that II necessary. Secretary
Shaw win give additional relief to the
money market. 1t is still thought that next
month he will announce his intention to re-
deem a large block of the Government As
due next year In the opinion OF close OBJ
servers here the small advance in the Bank
of England rate has been fully discounted.
Representatives of large commission
houses say that the character OF yester-
days stock market was convincing to many
interests which had come to be skeptical re-
garding 1t and that they were more dis
posed to trade than they had been for some
time. These men think that the public in
terest in the market will increase steadily
and substantially.
w. II. Goadby leaves today for Minneapo-
lis and while in that city he will inspect
a considerable portion of the Twin City
Rapid Transit system. The Information
comes from various responsible sources that
the dividend on Twin City common stock
will be increased to 6 per cent basis either
this fall or in January.
So far 1t has been impossible to get def
mite authentic information as to what rate
of dividend the $500 directors will declare
at the forthcoming meeting. Action must
be taken on this matter soon, as both the
able on October /. 1t is now expected that
the question will be passed upon at meet
ing of the directors to be held in connection
with the annual meeting of stockholders. a
little less than a week hence.
X
President Maben Of the Sloss- Sheffield
Steel and Iron Company is expected to
come to New York within q few weeks.
In connection with the recent activity In
Republic Iron and Steel issues. rumors Of
the consolidation of the southern iron COM
panies have been revived, but SO far as
can be learned here, there is no truth in
the rumors with respect to any one of the
three best known of those corporations.
The information now comes from persons
In close touch with prominent interests in
the Atchison board that the probability OF
the dividend being advanced to per cen.
next month is greater than at any time
since the agitation for a higher rate was
started. 1t is claimed that members of the
board who had been opposed to more than
per cent have yielded to interests which
are eager to have O per cent rate paid, and
that the per cent increase will finally be
favored by large majority OF the full
board.