Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-26
BULLS AND BE AIRS
sne IA pisnatch to The Star.

Spe ,i.:l Dispatch to The Star
NEW YORK. December 2G.-Whie the
professional element is bearish on the belief
that before the week is over call money
will advance to abnormaily high rates, con-
sentative spectators, who believe that
early next year the stock market will be
very much better, are inclined to go slow
as to new commitments for the remaining
days Of the old year. Other interests how
ever believe that the decline which has
been in progress for some days is about
over and that even today considerable i'm
provement will be noted in the market as a
whole. These interests seem pretty conf
dent that the bear attacks on Reading will
not be carried much further. 1t is under
stood that brokers who have been extreme
ly active in Reading during recent big bull
campaigns in that security have told their
friends that the stock is a purchase at
about present prices and is likely to have a
rebound nearly as pronounced as the recent
slump has been. 1t is the opinion of some
of the largest interests in the market that
the tone for the next four or five days will
be more or less feverish and that the price
movements will be characterized by con-
there is good reason for believing that the
standard stocks will be extremely well
bought.
1t is expected that the sudden litigation
against the proposed issue of 100000, 600
Great Northern railway stock will have a
depressing effect upon that security. 1t is
assumed also that If Great Northern dis
plays special weakness Northern Pacific
will sell off proportionally. The Northern
Pacific Railway Company is Wisconsin
corporation and. therefore, does not come
under the jurisdiction Of the attorney gen.
60 %l~~~ fixyo
interests at this center have been fearful
that all of the stock issues proposed re-
Gently by several of the largest northwest
ern railroads would be attacked through the
courts of the state from which the corpora
tons involved receive their charters. On
the other hand, it is known that the direct
ors and largest interests In these corpora
tons who have recommended the stock Is
sues are confident that ultimately they will
be able to secure complete ratification of
them and to overcome any hostile legisfa-
ton or litigation that may be begun at the
instance of state administrations or -indi-
viduals.
*
Authorities I'm the steel trade are predict
ing freely that 1907 will be the largest and
most profitable year in the history of the
trade. Persons familiar with the affairs of
the United States Steel Corporation expect
that the December quarter will be highly
satisfactory, inasmuch as the mills have
been crowded to their full capacity and as
the weather conditions the whole have
been favorable to the best results possible.
X
AS the new year approaches there is some
apprehension in the minds Of speculative
interests as to what the state adminstra-
ton would do to make good it's ante-elec-
ton promises with respect 10 the public util-
ity corporations in Greater New York On
the part Of the largest interests in these
companies it is understood that there is
little or no apprehension as to what the
new admini Sfra ten would do In the WAY of