Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-13
BULLS AND BEARS
Special Disp.teh to Tn. star.

Special Dispatch to The star
NEW YORK. April l3.-WhiIs specula-
tive sentiment was somewhat optimistic
today. some OF the big operators do not
look for any striking movement In prices
for the next few days. The holiday con-
ditions prevailing, IT was believed, would
result In curtailment OF activity. and the
stock market today and tomorrow was ex-
pected to be pretty much OF a nominal af
fair
There was still a disposition IN some
quarters to withhold commitments until
the money market conditions show stfn
further Improvement. The belief was en-
tertained by well-fnformed bankers that
next week win witness a return OF the
money market to normal state, and 1t
was then expected that q resumption Of
bullish activity on at least moderate
scale would be undertaken.
The action. OF yesterdays market was
regarded as favorable rather than other
wise. 80 far as the good OF the speculative
situation was concerned The failure Of
prices TO continue the upward movement,
started on the preceding day. was regarded
should dominate market operations for
the time being.
Some of the leading commission houses
are advising their clients to take on q line
of stocks on any. recessions which may
occur this week. believing that the situa-
ton will be entirely clear next week and
that greater activity will ensue
The coal strike situation seems to COM
mand very little attention by the market
followers, and the concensus OF opinion is
lnat this matter has already been pretty
Wen discounted. whatever course the flu
ture negotiations may take
~
A contract has been awarded to the III. s.
kerbaugh Company by the Pennsylvania
Railroad Company for excavating cut at
Conemaugh Furnace. on the Pittsburg divi-
sion. near the Horseshoe curve, by which
a sharp curve at that point viii be reduced.
The work will be finished in a comparative
ly short time Its completion will make
great difference to the fast trains
Il
There is no let; up In the demand for rails
by the railroads. An order for 1000 tons Of
steel rails has been placed by the Buffalo,
Rochester and Pittsburg railroad with the
Cambria Steel Company the first order to
be given by that railroad. Later in the
season the Buffalo. Rochester and Pitts
burg Will place contracts which will bring
its aggregate orders to about 10000 tons.
This calls attention to the big aggregate
rail orders of the roads this year. The
Pennsylvania total so far is. 100 coo tons. OF
which all but 10000 tons have been ordered
and the remainder will be contracted for
soon. The Baltimore and Ohio. 1t is learn
ed, will be in the market the latter part OF
this month for about 80 600 tons OF steel
rails. to be used for construction and re-
pairs. Pfttsburg steel men state that the
total orders of rails this year will aggre-
gate 2, 800 600 tons, that 10000 tons more
are in sight, and five traction lines will
order about 600 tons, which will bring
the total for this year to 100000 tons. This
alone will break the record for any single
- ~rlo Sc lie 10 1acf
total having been 1900. 900 tons The Car
negie Steel Company has orders for 1900
600 tons of rails. and the Illinois Steel Com
pany for 100000 TONS The open-hearth
rails, exclusive of which is under con-
sideration by the Pennsylvania, are being
bought in larger quantities this year than
ever before. The big mill of the Tennessee
Coal and Iron Company. at Birmingham,
Ala. which makes only open-hearth rails,
has contracted for its entire output up to
March. 1907.
X X
The following companies have ordered To-
comotives from the American Locomotive
Company The Kansas City, Mexico and
Orient Railway Company. ten locomotives,
the Hokkaido Tanko Railway of Japan, five
locomotives; the Kanawha and West Vir-
ginia Railroad Company one passenger and
rne freight locomotive The Seward PENN
sula railroad of Alaska has ordered three
locomotives.
w. B. Thompson, general counsel for the
Lake Erie and Pittsburg railroad, which has
been acquired by the Observation-Disclosures
bilt coalition In an official statement says.
as reported from Pittsburg, that the new
road will have big docks and machinery OF
large capacity at Lorain. Right-of-way
agents are row making effort to get the
,r,4~ %IoS agtx
Surveys ara now being made for other parts
Of the road In their efforts to get the nee
essary terminal property the Lake Erie and
Pittsburg and the Wabash have come to-
gether and are conducting a brisk fight In
and about Lorain. The Ramsay line, the
Lorain and Ashland claims to have all the