Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-04
BULLS AND BEARS
speci,l pispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 3.-Some stock
market interests express the opinion this
morning that the rates for call money Will
rule lower after today. Others maintain
that in all probability call money will be
abnormally high during the greater part.
II not ALL of the present month and until
about the 10th Of January. It Is generally
conceded that monetary conditions Will
constitute the most potent factor in the
stock market. The opinion is somewhat
general that the Secretary Of the Treasury
will bring forward a relief measure in the
near future. but apparently interests u=-:-
ally in close touch with Washington have
not yet received a definite intimaton on
this question.
In view of the surprising strength of the
stock market year ago. when call money
was excessively high, there Is naturally
considerable difference of opinion as to
whether high money this month would re-
suit in sharp reaction in the stock mar
ket. In this connection there Is about the
same difference of opinion as to how a ma
5ority of the stocks are held at the present
time. On the basis Of the strength dis
played yesterday some interests which have
ton of the active stocks were Inclined to
believe that to large extent they are held
by interests which are not seriously affect
ed by hish-noney rates.
Railroad men apparently have not re-
ceived any direct official or authoritative In
formation as to who the ultimate pur-
chasers of the Pennsylvania holdings Of
Chesapeake and Ohio will be. Not a few
Weil-informed railroad men who are in
town this morning are skeptical as 10 the
generally accepted report that the stock
will go to the Vanderbilt interests in the
name Of the Big Four
1t Is learned that James ]. Hill and his
associates are hard at work on the COM
pietion of the plan which they have had
under way for some time Great Northern
to buy the North Pac,uc's equity in the
Burlington and to make extra distribution
on both Great Northern and Northern Pa
CHIC stock. 1t is understood that meetings
OF the directors of these three companies
are likely to be held at any time in the
near future.
No successor has as yet been elected to
Former Vice President Richey of the
Sloss-Shef1feld Stock and Iron Company
President Maben will sail for New York
within a few days, after having spent two
months abroad. 1t is probable that soon
after his return the matter OF electing
new vice president will be taken up. W.
h. Goadby, director and a member Of
the executive committee of the Sloss-
Sheffield Company. will sail for Europe
within a day or two, to be gene a month
six weeks.
Although a month or two ago it was
thought probable that the dividend on
Twin City Rapid Transit common stock
would be raised to per cent basis next
month, it is understood that in view Of
certain conditions in the Twin Cities this
matter will be postponed to a subsequent
dividend period. The question as to the
basis on which the company's taxes shall
be levied has not been fully determined.
For some little time the question of
3-cent fare on the Twin City lines has
been agitated. 1t is learned that the con-
trolling interest In the company regards
their position as impregna Bile
In one of the Twin Cities the franchises
are practically perpetual In the other no
franchise OF any of the underlying prop
critics will expire in less than forty years.
Eastern interests in the Chicago Sub
way Company. which have just returned
from a trip to Chicago. say that in recent
weeks decided progress has been made in
the development of the company-s plan
Within the last day or two connection has
been effected between the subway and the
Dearborn station and the freight station
of IL Chicago and Northwestern.