Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-20
BULLS AND BEARS
Special pispstch to The Star.

/ Special Dispstch to The Star.
NEW YORK March 2O-while the large
| interests In the stock market show no dis
position to create activity 50 long as pres
| ent conditions exist IT II asserted In we'll
| informed quarters that the standard stocks
are being quietly bought by these interests.
who believe that within q few weeks we
shall have a broad and active market. with
| very substantial recovery in prices
80
| No one seems inclined to express definite
| opinion with respect to the coal labor situa-
ton, In view of Mr.. Robbins retirement
Yesterday the whole situation Is generally
regarded more complicated and puzzling
than ever There are many interests which
still believe that neither the hard nor soft
GOAL miners will go out.
|. An official Of large financial institution
in this city said today that he did not see
anything to indicate that money would
work tighter. The opinion Is growing that
we will soon begin to see q reaction from
the great demand that there has been for
some time for investigation of the large
| corporations of the country.
A banker who Is a very shrewd observer
OF conditions expresses the opinion conf
IDENTIFY that We will have good bond mar
ket little later on.
4
Dick Brothers In their letter today say:
Although bearish operations received en-
couragement from their success yesterday,
we doubt that the selling movement will go
fnuch further without the appearance OF
some really unfavorable news to warrant it.
we think good railroad stocks should be
bought on any sharp drive that may follow
today's selling
The Pittsburg and Iafie Erie railroad is to
erect four-track steel bridge to take the
place or the present one which crosses the
Ohio river at Monaco. Increased traffic and
further increase to be expected in the COM
paratively near future made the building OF
such bridge as Is now planned necessary
The new bridge viii be the longest in that
part OF the country.
The Denver. Utah and Pacific Railroad
Company has been Incorporated and will
build a road from Denver to the Pacific
lied once before by Chicago. Burlington
and Quincy interests. but the charter was
permitted to lapse. The new company was
organized by c.. B. and O. representatives
at .,enver.
In the United States circuit court at San
Francisco Judge Morrow has sustained the
contention of the Southern Pacific Company
against the Western Pacific Company
in the latter company'S fight for terminal
facilities on the Oakland side OF San Fran
cisco bay.
The miners of the western Cape Breton
coal district in an unsettled state of
mind. A strike which began yesterday at
the Inverness Railway and Coal Company's
mines may lead to an extension Of the
trouble In the coal fields Of the cape
X
At a special meeting of the stockholders
Of the Minneapolis and st. Louis Railroad
| Company to be held at Minneapolis on
April II President Edwin Hawley will sub
NIT the following for their action: First.
that the Minneapolis and ST. Louis aid the
Minnesota. Dakota and Pacific Railway
Company I'm the construction of its proposed
line OF railroad from WATERFOWL s. D., to
or near Lebeau g. D., with branch from
Condo TO Leola, 8. ID. The estimated length
Of the extension, with the branches. Is
$40 miles. The second proposition deals with
the matter of raising the necessary funds
to pay in whole or in part the cost of con-
structing the extension by the Minneapolis
and st. Louis issuing $5.0O0.OOO five-year 5
per cent gold notes. to be secured by a
trust tndenture executed to the Central
Trust Company Of New York as trustees
under date Of February /, 1906.
X
For the purpose OF the special meeting OF
the stockholders the transfer books of the
Minneapolis and St. Louis Railroad Com
pany will close March q and reopen on
April II
Copper Metal advanced yesterday at Lon
don Y OF a pound sterling per ton above the
last quotation of Friday. There Is some
talk of a copper famine" on the other side
having to be reckoned with before long
Whether the famine talk is inspired by hope
or inside information Is the question up for
debate. Today's openings at London were:
Spot, fS1 IS, unchanged from the closing
price of yesterday. futures, Els 15s, de-
cline of los. from the final quotation Of last
night The market was firm.
From Pittsburg comes a report to the ef-
feet that the Pennsylvania Railroad Com
pany has issued a peremptory order that
there shall be no fayoritism shown to ship
pers by any of its lines. Cars are to be
allotted to coal shippers In the order of ap-
plication and coal rates shall be the same
to all operators where the conditions are
alike. These orders apply to the Baltimore
and ohio. the Chesapeake and Ohio Nor