Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-15
BULLS AND BEARS
Special Dispatch 10 n. star.

Special Dispatch 10 The Star.
NEW YORK. October 16.-lt was gsner-
ally claimed In speculative quarters this
morning that most Of the selling on the
stock exchange on Saturday was for short
account and that nearly all Of It was con-
Quoted In the interest Of the professional
operators.
There were still two distinct opinions as
to the probable course Of the market during
three weeks. Some interests believed that
considerable caution would be exercised and
that the character Of the trading would
continue to be much the same as for the last
two weeks. Those who hold this opinion
looked for rather sharp temporary breaks
on unfavorable rumors with respect to cleo
ton returns. Other observers were inclined
to the belief that the controlling interests in
the market were sufficiently confident a. to
the outcome OF the election, particularly In
this state, to bring about prediction rise
In the general list. II this was done. 1t
was believed that the market would sell of
on actual knowledge Of favorable results on
November 6
Railroad men are given confidence as to
the election results by knowledge Of the
fact that other prominent railroads and
banking interests are going steadily ahead
with the important railroad deals which
they have had under way for many weeks.
While It is believed that these deals will
not be announced before election. well-in-
as they oan learn the men who have them
are not hesitadng at all with respect to
communicating them because of the uncer-
tainty as to how the state election will go.
y
The strength Of st. Paul on Saturday in
the face Of generally weak market at
tracted attention and was generally attri-
buted to buying on a knowledge Of valuable
rights to be offered in the near future and
a comprehensive deal involving the st. Paul.
-- Il - .-.-
B. F. Yoakum says that he does not look
for serious congestion Of freight traffic. He
says that whatever delay there may be in
the moving of freight will be due much
to inadequate terminal facilities as to a
shortage Of cars He says further that
the business of the railroads has expanded
to such an extent that the terminals in the
large cities are no longer equal to the I'M
mense amount Of traffic that must be hand
led through them. He adds that the gen.
eral merchandise traffic Of the railroads Is
proportionately as large as the traffic arfs-
Ing directly from the immense crops.
John Shelton Williams, who is in town
this morning, is of the opinion that the
damage to the cotton crop has not been as
extensive as has been generally reported
He states that money is comparatively
close throughout the south, because of the
large sums needed to move the big crops
and to finance the constantly increasing
number Of manufacturing industries that
are being established In connection with the
development of the south.
X X
A correspondent at Chicago says: "a d.
rector Of the National Biscuit Company,
who IL in the city, says no decision has
been reached concerning the policy Of in
creased dividends on the common stock, nor
has 1t been determined whether there will
be an extra disbursement. Statements to
the contrary, he declares, are unauthorized
and misleading to the stockholders. Earn
fngs Of the company are highly satisfactory
and justify the recent advance in prices.
A common stock that can pay per
cent for years, as National Biscuit has.
ought to command a higher position. There
are some Of less merit quoted much higher.
The board will meet in New York Novem-
dividends.
The preferred Is payable November 81
and the common January Is. banker
states that the board will provide higher
return on the Junior issues. either in the
form Of an extra payment or stock will be
placed on permanent per cent basis
The Savannah, Statesboro and Western
Railway Company has been incorporated
here with an authorized capital Of 81. 900, 600
common stock and $1,000 preferred stock.
The company proposes to construct line
210 miles long from Statesboro to Atlanta,
connecting at Statesboro with the Savan-
nah and Statesboro railroad.