Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-14
BULLS AND BEARS

Special Dispatch 10 The Star.
NEW YORK, August 1.-THE prevailing
opinion today among spectators was that
the stock market would be reasonably
active and advance materially. Trading.
however. seemed to be attended with con-
siderable caution, and operators were salts
fed with moderate profits. Conservative
observers. particularly among the banking
circles, hoped that the Same attitude would
be maintained toward the market through
out the next two or three months. II 1t
was they thought that q moderately active
stock market could be conducted safely
throughout the season in which funds
would be needed In the largest volume for
moving the western crops. Some observers
expressed the opinion that within the next
few weeks the trading would be twice as
large in volume as at the present time, ana
that we would have one Of the biggest
markets seen in the street for long time.
This. however. was not the prevailing
opinion.
President Winchell Of the Rock Island
system. who Is in town this morning. says
that the conditions throughout the west
continue no satisfactory that there are
really no new features To use his own
words. the prosperity is. so great and 80
universal that the situation il really mo-
notonous in q sense. Speaking specifically
with respect to conditions In the ROCK Is
land territory. President Winchen says thas
there were general rains last week. and
that whatever change there has been with
respect to the corn crop has been IN tne
way Of Improvement Wheat is pracueaLiy
Mr.. Wincheli does not look for serious
congestion OF freight trafflc during the next
few months. He says that Of course there
will be some congestion. and that there
would be even II the railroad had a practi-
cally unlimited number Of cars and locomo-
uves. He explains that the matter of con-
geStion Of freight traffic does not now de-
pend so much upon the number OF cars and na
locomotives as the terminal facilities at the
great centers. He believes that the ROCK
Island earnings will continue to show large
increases throughout the present fiscal year.
Il
, This week the second installment Of so
per cent on the g. 100 600 Twin City Rapid
Transit common stock. offered some time
ago, Is due. From present indications the
entire new issue will be taken by the stock
holders. It Is understood that considerable
numbers Of them are looking for an in
crease in the cash dividends on the common
stock within the next six months. 1t Is in-
timated that the dividend may be raised to
q 6 per cent basis during the last quarter Of
the present fiscal year. A weli-informed In
terest says that he does not see how the
company can much longer postpone paying
higher rate. He calls attention to the fact.
however. that stockholders who have sold
their rights on the new stock Just men
toned have realized fully per cent on their
holdings for the past year.
-. ss
1t is expected that the failure Of the Cana
dian Pacific directors to declare bonus out
of the large proceeds Of land sales will cause
disappointment to some recent buyers OF
the stock. 1t is intimated that the pItn-
cipal reason for not giving a bonus at this
time was the fact that the company IL en-
gagged In the building Of many extensions
needed to handle the traffic which is rapidly
developing in many new sections adjacent
to the company's main lines. Il is pointed
out that in the case OF this company. also
the total Of the cash dividends and the
rights offered has given the shareholders a