Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-23
BULLS AND BEARS

NEW York. March 23.-well-informed
interests reiterated their opinion again to-
day that there was nothing yet In the SIT
uation to foreshadow any special change IN
the character Of the stock market Tor the
next week or two. unless the bituminous
miners vote in favor of strike
Men who are following that situation very
closely say that, while on the surface .
strike seems practically inevitable, they
siiii believe that the large rail- and manu-
featuring interests will be able to exert
sufficient influence to prevent strike. It
Is said that the largest operators will con-
sent TO a moderate increase In wages, and
the opinion is expressed by men who know
John Mitchell well that he is likely to d.
rect the miners who are offered an In
crease In wages to continue at work In
any event the men do not look for a general
and long continued strike in the bituninous
region
There was a rumor current in Wall street
yesterday that the anthracite operators
were planning to offer the miners hve-
year contract, involving a moderate increase
In wages and some other concessions NO
confirmation of this rumor could De oD-
tanned this morning. Men familiar with
the situation would not be at all surprised
to see the present differences submitted
of three years ago. Whatever may De
done. 1t Is asserted. the effects or pltu-
minous strike would be much more seri-
Gus than of an anthracite strike
Sir Thomas Shaughnessy, president OF the
Canadian Pacific railroad. who sailed TOT
London today. is to be gone about nve
weeks. He looks for a greater PERIOD Oh
development in the territory served py .he
Canadian Pacific this coming season thaii
ever before. ..,. IN
He says that the outlook Is favorable ,l N
every respect for excellent business. ms
sprInz the company will add to Its AT
lantic ocean service two large passense.
boats, which are expected TO deSeiop .n1
earnings of the Canadian PACING Comply ~
very materially Sir Thomas says ina. MS
company has not been making special el-
fort to dispose of It's lands. but the safes
have been large nevertheless
Clarence D. Simpson. director ana la &c
stockholder in the Mexican Central Rall"ay
Company. has returned from six weeks
trip through Mexico. He is very enthusi-
astic with respect to what he saw and Is
very confident that everything points 70
steady increase In the earnings OF all the
railroads in that republic
It may be taken as fact that prominent
inside interests are very optimistic with re-
spect to both the Copper metal situation
and the future of Amalgamated and Ana
conda stocks. They predict very mucn
higher prices for both OF these securities
+
The annual meeting of the Pittsburg. Gin
cinnati Chicago and st. Louis Railway
Company will be held at Pittsburg April
10 Three directors are to be elected In
place of James McCrea, s. S. Dennis ana
w. Fl. Barnes, whose terms expire as above
Ball & Whicher in their letter today say:
1.-THE manner in which prices recover from
the frequent attacks and the poor success
the lie manufacturers are having in de-
pressing values confirm our belief recent
ly expressed, in ultimately higher prices,
spots.
An action In equity which promises to de-
develop into bitter legal battle between
two giant steel corporations was begun In
United States district court at Scranton
yesterday. The Carnegie Steel Company
limited ct al filed q bill to restrain the
PENNSYLVANIA company of Stellton from in
ringing on Its patent rights for mixing
molten pig iron. and asked that IL be COM
pensated from the profits of the defendant
company gained by the infringement. The
Carnegie company claims to be the sole
owner of the patent which was taken out
by William r. Jones of Braddock, Pa, IN