Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-28
BULLS AND Be ARS'
Special DISPATCH to The Star.

Special Dispatch to The Star.
NEW YORK, December 28.-Conservative
spectators who heretofore have been ap-
prehensive of a more or less serious squeeze
in the money market the latter part OF this
week and the first of next say today that
they are unable to discern any indication of
such trouble. They believe now that 1t will
be possible to make the January / dis
bursements without materially disturbing
the money market Inasmuch as loans
made today carry over until Monday some
observers would not be surprised to see
rates for call money somewhat higher than
they have been on the average this week.
but they do not anticipate a big furry in
call money.
Some large stock exchange interests VINO
have been extremely conservative with re-
spect to the stock market believe now that
the worst is over and that both monetary
and stock market conditions will gradually
improve from this time on. They believe
that the hardening of prices during the last
few days Is the forerunner OF more active
trading and higher quotations early next
year. They also say that In their opinion
the tone of the market this week on the
whole has been much more healthy than
for some time back
There will be general and genuine disap-
pointment If Amalgamated Copper fails to
reach considerably higher prices early in
the new year. Some of the best informed
houses in the street confident that the
dividend rate will be raised to 10 per cent
basis. They point out that the copper situa-
ton. both here and abroad, continues phe-
nomenally good and that by reason CT the
great activity in all manufacturing lines
and inasmuch as many of the large rail-
reads are planning to electrify their subur-
ban lines there can be material falling
off in the demand for copper for an indefi-
mite time to come. 1t is believed, also. by
many observers that during recent weeks
Amalgamated Copper has been steadily alb
sorbed by powerful inside interests.
The United States Rubber directors will
meet next week, when action will be taken
on the quarterly dividend on the first and
second preferred stocks. The regular rate
will be declared. 1t is probable also, that
tine question of resuming dividends on the
common stock will be taken up by the
executive committee, IL not by the full
board. From present indications 1t seems
improbable that any distribution on the
common shares will be ordered at that
meeting. There was good reason for be-
lleving, however, that the earnings Of the
company for the quarter just closing have
been very satisfactory If they keep up at
likely that a dividend will be declared on
the common during the first quarter of the
new fiscal year. beginning April l.
The fact that one of the most prominen,
and most conservative banking houses in
the street was willing to contract for a
block of $40, goo bonds is taken by
shrewd observers as indicating genuine
faith on the part of that firm in monetary
and general financial conditions. 1t is a
well-known fact that there Is large
amount of bonds in the hands of under
writer's. These securities have been car
ried at loss for many months, inasmuct
as 1t was impossible to market them, ex-
cept in small amounts, because Of the high
rates obtainable for both call and time
money. There is good reason for believing
that the firm in question was much more
favOrably situated than some others in
this respect. The announcement that II
had taken $1o.0o0,CO0 Rock Island bonds
was received with extremely favora BILE
| comment yesterday afternoon and this
| morning from interests who believe thai
conditions governing the stock market will
improve materially from this time on.