Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-07
AND BEARS.
special Dispatch % The star.

Special Dispatch TO The star.
NEW YORK. April THE opinion was
confidently expressed this morning that as
soon as the money appears easier the stock
market win become materially more active
aud advance rather sharply. The senti-
nent seems to be almost entirely In favor
OF higher prices. Little bearish talk is
heard. 1t Is generally accepted fact
that the bituminous coal strike is practi-
caily a thing OF the past now. Compare
lively little attention. apparently, is being
given by Wall street interests to the an
thracite situation.
The idea Is very generally entertained
that the money market viii be considerably
easier next week. 1t Is not believed that
It Will be possible TO maintain the largely
week
A weii-informed railroad man. who re-
Gently made a general trip through the
south, says that he was surprised to see
the large increase in the number of new
banks. He says that in counties where a
few years ago there were only two or three
banks thirty or forty may be found now.
all apparently prosperous Another WE'LL
informed railroad Official says that the
earnings for the railroads as a whole In
this country continue surprisingly large.
-
The Black Diamond of Chicago today
says.
Owing to the strike on Monday in prac-
tieally all Of the bituminous mines In the
central and southwestern bituminous fields,
the market on bituminous product is In
more or less doubt and Is largely reguia ted
by the amount of coal offered for sale by
the individual shipping company and the
urgenscy with which II must be had by
the consumer As a matter OF fact, prices
generally on coal from the territory affect
ed are no higher than they were week
ago, while In some instances they have
been lower. In one or two instances de-
murrage product has been offered In the
Chicago market and considerable conces-
sions have been made by the selling COM
pany to move 1t and avoid additional de-
murrage charges. Following the activity
which previously prevailed, the market can
be characterized as dull and devoid of in
terest aside from the strike feature This
Is accounted for on the ground that the
large consuming interests have prepared
for the present emergency to a greater ex-
tent than was generally anticipated and
viii not be in the market for further sup
plies until stocks in hand have been de-
pleted to some extent and until they have
better information than Is obtainable at
present as to the probable dura ton of the
strike
1t Is reported from Chicago that the New
York Central lines will make use of the In
diana Harbor belt line of that city crossing
every railroad that enters there from the
west and south, as means of securing
larger share of freight bound to points east
OF Chicago. The belt line has hundreds of
prosperous manufacturing interests along
~ vrrnvy rr,lt til,
er to all lines of the New York Central sys-
tenn.
The total gross earnings of thirty-four re-
porting roads for the fourth week of March
were Sl2.7S6,l1. as compared with S11 $685.
I6o IN the same week Of the previous year,
an increase Of 5000. 400. or 7.s8 per cent.
The gross earnings of thirty-fve roads for
the month Of March were $45,O9S los. con-
trasted with SAL 202. 719 in the correspon ding
week Of 1905, gain Of So S95. 1856, or 9.45
per cent.
1t Is reported from Pittsburg that the
directors of the Panhandle railroad at
their meeting next Tuesday will authorize
an appropriation OF between $4,000, 900 and
100000 for improvements These include
the reduction of grade on the Tuscarawas
Hill, west of Denison, to enable heavier
freight trains to be hauled by the present
motive power. Other improvements such
as Strengthening the line and double-track-
ing sections, are also under consideration.
1t Is said in Chicago that sixteen railroads
entering that city are preparing to begin a
boycott against the International Harvester
Company for the purpose Of forcing that
alleged to be due the railroads for the de-
murrage OF freight cars.
Boston reports that the controller of the
currency has authorized q dividend Of 50
per cent to be paid to the creditors of the
American National Bank, which was placed
in the hands Of receivers on November q,
1905.
Alexis w. Thompson, former vice presI-
dent of the Republic Iron and Steel Com
pany; Edwin Oil OF Pittsburg and Frank
Pierce of Sharpsville have formed a COM
pany. and will apply for a state charter
iron and steel. They have acquired pos
session Of the Sharpsville furnace. and will
place 1t in operation.
X
The report from San Francisco that the
Western Pacific Railway Company has en-
tered into negotiations with the North Ger
man Lloyd and Hamburg-American steam
ship lines for steamship service to the
orient Is officially denied. No agreement
with these lines has been made or is con-
templated.
Il
According. to private cable adyices re-
ceived by bankers here today. the amount
OF South African gold which will arrive at
London today or Monday is approximately
100000. or 100000. It is expected that
arrangements will be made for the import
of the greater part of this to New York
A prominent international banker expressed
opinion that New York would have no Diff
ficulty in securing additional amounts of
foreign gold. and added: I'VE shall be able
to import all the gold we need
TN THE LOCAL MARKETS
CATCH OF POTOMAC sHAD AND