Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-14
BULLS AND BEARS
Special Dispatch to- The Star.

Special Dispatch to The Star
NEW YORK. September LIT was g.-
orally admitted today that money woulA
continue to be the chief factor in the stock
market throughout the fall. but there was
rather wide difference of opinion as to
the course OF the money market between
now and October TO- Some interests were
of the opinion yesterday afternoon. when
they learned of the sharp advance in for
eign exchange. that our money market was
likely to become uncomfortably tight
again. Other interests asserted that there
should not be special anxiety with respect
to monetary conditions. They acknowI-
edged that they did not expect further i'm
ports Of gold In the immediate future and
claimed that the S25.OO0.OOo or $4,000 600
gold which they say had been engaged and
partly shipped would. with the further re-
lief which Secretary Shaw is expected to
furnish. put out money market in pretty
fair shape. They seemed to become conf
dent that the Secretary of the Treasury
would take further action to relieve the
monetary situation.
Attention was called to the fact that
since 1t became known that the Real
Estate Trust Company of Philadelphia was
in trouble. and particularly since that in
stitution suspended business, large New
York banks have shipped funds to Philadel-
phia on an extensive scale. These funds
were asked for by Philadelphia banks and
trust companies in order that they might be
prepared to meet any sudden extensive
withdrawal Of funds that might follow the
announcement of the Real Estate Trust
Companys condition. 1t is understood that
the Philadelphia institutions to which New
York banks have hipped funds during
these weeks have been carefully examined
tory condition. The requests for New York
assistance were simply a precautionary
measure. 1t was learned that confidence
with respect to the Philadelphia financial
institutions has been fully restored and
that as a consequence the New York funds
temporarily loaned In Philadelphia VIII now
lie returned The latter fact should be
factor of Importance. both in forthcoming
bank statements and In the actual supply
of money here 1t is learned that one large
New York bank has shipped s2,OO0.OO0 to
Philadelphia. another Sl,OOO.OOO, and II is
understood that the aggregate amount was
large.
Private advices from San Francisco and
other western cities where there has been
some uneasiness. whether warranted or
otherwise. with respect to certain banking
Institutions, say that confidence has been
largely restored and the Withdrawals of
funds stopped. 1t is believed that the
Trust Company Of Philadelphia re-
organized will have a very beneficial infu-
ence throughout the country and that it
will tend to restore confidence. In connec-
ton with this attention Is called to the fact
that whatever may be said adversely
against Wall street. whenever financial in
situations throughout the United States get
into trouble they realize that New York is
the great financial center and the one place
where assistance of a substantial character
can always be secured.
There seems to be greater confidence
than at any time since the agitation was
begun that the dividend to be declared on
Atchison common stock next month will be
at the ra tie of per cent. In fact, 1t Is I'M
derstood that one of the most powerful in
terests In the Atchison property has abso-
lutey assured friends that they may ex-
pect the rate to be at the figure just men
toned.
1t Is learned from railroad men that one
of the greatest problems With which they
have to contend at the present time is
| shortage Of cars. The Rock Island is just
| receiving the last instaIlment of order
placed some time ago for 10000 freight cars.
| 1t Is understood that the last few days
additional order for 5000 freight cars has
been placed and that the earliest delivery
will be in February. The securities of the
companies embraced by the Rock Island
system will undoubtedly improve market
wise on the basis Of the excellent manage
ment of the properties and large showing
Of earnings.
In connection with the higher rate of divi-
dend promised for Atchison common, 1t is
intimated that the company will issue a
considerable amount of new stock to pay
for the increased facilities which are abso-
lutely imperative to handle the rapidly in
creasing traffic II the present stock sells
at the price predicted for 1t. rights on the
new issue would be attractive.