Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-11-18
BULLS AND BEARS.

Special Dispatch to The Star.
NEW YORK, November 17.-AlthouEh
the stock market Is viewed with caution
and even skepticism by many investors. It
is plain to be seen that confidence In its
future is increasing at a fairly rapid rate.
While many observers have found diff
Guilty In harmonizing the quotable rates for
money during the last day or two with
those of last Monday 1t is now assumed
that the rates for both call and time money
will continue to appear relatively as easy
as they were made to appear high up to the
early part of this week.
~
No one in Wall street appears to have
any definite information as to what Mr..
Hill proposes to do in the way of distrib-.
uting extra profits. but 1t is confidently ex-
pected that at least one announcement
along this line will be made within a few
days. No one. apparently, knows the real
cause of the sharp advance in Union Pa
cifc, but it Is stated that the buying OF
this stock, even up to the highest prices
corded on the latest advance, has been OF
an excellent character. and 1t is taken as a
fact that an important announcement VIII
be made in the near future affecting this
company, the Southern Pacific and the st.
Paul Even those persons who are still In
clined to be cautious and skepttcal regard
ing the market willingly admitted yesser-
day, If important deals like those just re-
ferred to are soon to be carried through, 1t
may be taken for granted that the market
will advance rather than decline until these
matters are consummated.
~
Brokers who apparently knew in advance
regarding the rise of several points which
took place in the Interborough-Metropo
itan stock prior to election are now conf
dent that Brooklyn Rapid Transit will soon
sell at considerably higher prices. 1t Is In
timated also that the United States Rubber
common shares will become more active
and advance several points at least. Those
who are not familiar with the trade are
unable to appreciate the Importance to the
rubber companies of storm of no greater
severity than that Of a few days ago. The
abnormally early and heavy storms which
have occurred in the northwest have slim
ulated the rubber trade In that section TO
an unusual degree. There Is talk again OF
a dividend being declared on rubber COM
mon in January but a well-informed bank
er intimates that no distribution will he
made on that stock until after the close Of
the company's fiscal year in May.
Eastern interests in the Chicago traction
situation do not credit the reports from
Chicago that Tom Johnson is organizing
syndicate to take over the Chicago traction
properties. 1t is a fact that Mayor Johnson
has often been consulted by Mayor Dunno
on the question of municipal ownership and
operations of traction properties, but east
ern authorities say that to the best OF their
information Mayor Dunno has no Idea of
negotiating with Mayor Johnson regarding
a plan to be formulated by the latter for
taking over the Chicago companies. AS a.
matter of fact representatives of the lat
ter have been In conference with represent
atives of the city this week on the ordi
nance now pending, and substantial prog
ress toward an agreement on the basis Of
that ordinance is being made.