Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-11-12
BULLS AND BEARS

Special Dispatch to The Star
NEW YORK. November 12.-Some shrewd
stock market observers are beginning to get
suspicious OF the pessimistic talk which Ii
being circulated with respect to both the
money market and the stock market. Dur
ing the days Of extreme dullness on the
stock exchange recently not few board
members who devoted considerable time to
watching the transactions in the leading
railroad and Industrial issues have come to
the conclusion that inside interests are
quietly taking practically all Of the stocks
of this class offered. These board members,
In company with other observers OF stock
market and monetary conditions. do not be-
Aeve that the money market Is actually as
tight az Is represented. 1t Ii even admitted
in banking circles that the rates quoted for
money recently were due in no small de-
gree to manipulation. Not . few observers
are Of the opinion this morning that for
several days the rates for money may re-
main high and may be advanced temporar-
NY to even higher nGures than were quoted
last week and that stocks may decline mod
erateiy. It Is believed, however. that In the
near future. quite likely before the close OF
the present week, important relief will be
given to the money market and that prices
for securities wfli turn upward very
sharply.
Some railroad men do not expect q strike
on the Erie or on any Of the railroads on
which certain classes Of employees are ask
ing for higher wages and shorter hours.
One railroad man, m discussing the situa-
ton this morning. said tina: in his judgment
there Will be a general Increase In the
wages OF railroad employees throughout the
United States and in the wages of the EN-
pioyes of the larger and more prosperous
industrial corporations. He looks for cor
responding increase in railroad rates and In
the prices of the manufactured product Of
the leading industrial companies.
*
A. well-informed man who has just re-
turned from the south expresses the opin-
lon that, regardless Of whatever report
may have been circulated to the contrary.
apparently the total cotton crop of the
south will be large. He says that other
crops in the south will also turn out we'll.
and indications are that they will be fully
as large as forecasted.
X
Although the sentiment with respect to
the local traction issues Is naturally pessi-
mistic, in view Of the mixed political situa-
ton in this state. it Is known that the in
side interests are not apprehensive over the
outcome.
It IS understood that the sales Of rubber
boots and shoes by the United States Rub
Der Company have been very satisfactory
recently. The heavy storms in various Sec
lions, particularly In the west and north
west, have resulted in a large amount Of
new orders. The rubber tire business Of
the company continues ion large scale.
Reports received from leading bankers
in thirteen counties Of western Pennsyl-
vania show the tremendous prosperity
there, as evidenced by the increased pay
roll. banking resources and expansion of
manufactures. according to a Pittsburg
correspondent The most significant fact
Is the great increase in the payroll for AL
legheny county. For this year the monthly
wage paid workers is $36.37O,OOO, as against
crease of 81. TBS, 100 a month, or almost
SIT 100000 a year. The reports indicate
that the prospects are for continuation of
this unexampled prosperity, a brisk de-
mand for money and higher rates than have
been the rule in recent years. The per
siderably above the ordinary. The thirteen
companies in Allegheny county will exceed
by q 900 900 tons the previous record in
iron and steel production. The same Is
substantially true Of its coal and coke pro-
duction. despite strikes past or present.
'-'Fz ~
The state railroad commission of Georgia
has ordered the Southern Railway Com
pany to show cause why the shortage in
cars in that state has not been remedied
Numerous complaints have been filed by the
farmers that they are unable to secure cars
for the shipment of their cotton