Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-27
BULLS AND BEARS.

Special Dispatch to The Star.
NEW YORK, September 27.-Speculative
sentiment this morning was much more
cheerful as q result OF the conclusion
reached yesterday at both Buffalo and
saratoga Some interests were SO enthusi-
astic as to express the opinion that Mr..
hughes would have an easy victory Others
who have studied the situation closely be-
heved that the Hearst vote would be sur
prisinsly large, but that 1t would not be
sufficiently large to elect him. Inasmuch
as Mr.. Hughes is committed to Q conserva-
tive platform and can be trusted personally
not to favor radical measures against local
traction and other public utility properties
In Greater New York. and inasmuch as the
platform adopted at Buffalo yesterday pro-
fesses to be opposed to municipal owner
ship and radcalism in every form. 1t was
generally believed that the securities Of the
local traction and gas properties would not
be affected during the campaign to the ex-
tent, at least. which had been anticipated
during the last few days.
Politicians from various points in the
United States who are in town this morn
ing are highly pleased with the result OBJ
tanned thus far in the campaign in this
S@osS' oCfOi Oh wiz "SKc dShSu loE III OpiI.
ion regarding the matter said unreservedly
that the campaign just begun Is highly i'm
portant. not only for New York state, but
for the nation. and that II the democratic
nominee Is defeated by a large majority
the situation for the presidential campaign
two years hence will be materially re-
lieved. Bankers who are in close touch
with the Chicago traction situation ex-
press the opinion that II Mr.. Hearst is de!
feated for governor OF the state the mu-
unI,o tha
United States will wane very materially.
The continued strength Of Southern Pa
ciic on what is regarded as excellent buy
Ing is believed to foreshadow an early an
nouncement Of the acquisition of the st.
Paul and Of rights to the Southern Pacific
shareholders. 1t is even predicted that
such an announcement will be made within
few days.
In connection with the pronounced
strength Of Canadian Pacific, when the rest
OF the market was declining, the opinion
Is expressed by well-informed interests that
at the annual meeting Of the stockholders
to be held next month President Shaugh-
messy will announce that the directors have
decided to offer the stockholders at least
$ZoOOo.OOO common stock at par, the pro-
ceeds to be used toward the building of ex-
tensions already under way and others that
have been decided upon.
Although there is doubt in some circles
that the Atchison dividend will be In
creased to per cent basis, q railroad
man generally we'll informed continues to
reiterate the opinion that the stock will
be placed on a per cent basis, because
ne believes that the directors contemplate
issuing additional common stock for dou-
Bile tracking and improvement work. II
the dividend Is announced as plain per
cent semi-annual disbursement he thinks
the stock will advance quickly to 100.
1t Is understood that the Northern Pa
cihc pamphlet report for the last fiscal
year Is not yet completed. but it is also
learned that 1t will contain an interesting
statement of the plans OF the MANAGEMENT
for revising grades, which improvement
work will be carried on until the entire
main line will be an extremely low grade.