Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-16
BULLS AND BEARS
Special Disnatea 10 TIA star.


NEW YORK. March lathe opinion b
again expressed in well-informed circles
that the stock market will be . trading one
for the Eext few weeks and that stocks may
be safely bought on reactions and sold on
moderate advances. In spite Of the fact
that near the close of business yesterday
and the day before call money was BID up.
and in spite of the reports Of tight money
In London, q Is believed that money both
here and abroad viii work toward lower
rates.
As natural to suppose one Of the chief
topics of conversations among specuiators
Is the coal situation. There Is general
idea that the hituminous strike will be
averted. While the Indications are for
strike OF the anthracite miners. men who
are watching this situation closely sfiil be-
pear at the moment in definite form,
strike In this field Will be ayerted-
-
Il seems to be the general belief that Con-
solidated Gas will go still lower, but those
who are familiar with the affairs of the
company and with conditions in Chicago
see no legitimate reason for further de-
cline in Peoples Gas stock. While II Is gen
orally conceded that the rate dividend on
Consolidated Gas will be reduced to per
cent. it Is seriously doubted by men In close
touch with inside matters In the company
that the rate. as has been rumereo, was
cut in half.
Operators who have placed buying orders
In the last few days for standard railroad
stocks report that they have been unable
to get what they wanted except at prices
above the last quotation. These men be-
lieve that there Is great scarcity OF this
class of securities. Considerably higher
prices are predicted for Louisville ana
Nashville. Southern Railway. Chesapeake
and Ohio and Norfolk and Western
The Sloss- Sheffield directors VIII meet To-
day and re-elect the retiring officers NO
other business of Importance Will be trans
acted. w. H. Goadby. director ana mem
Der of the executive committee OF tne oioss-
Sheffield Company, has returned from a
trip of several weeks to the Pacific coast.
4 =
Dick Brothers say in their letter today:
Although there is liquidation in a few
stocks. the general list shows no indieatioh
Of any really important selling. In our
opinion the money furry is only Temporal
and we think stocks bought with discrffa-
nation on these weak spots VIII snow
profits in the near future.
Bartlett Frazier & Darlington say:
Monetary conditions are favorable, ard
while the strength of sterling exchange
hindered to some extent the continuance o.
gold imports the advance Is not sufficient
to prevent 1t completely. We shall have
further imports of gold, and we believe on
fairly liberal scale"
4
Decided improvement In the coke trade of
the Connellsville region Is reported There
was an increase of 1000 tons In shipments
last week, which practically makes up the
loss of the week before. While the ship
ments were SO satisfactory the output fell
off somewhat because of temporary Shut
down Of several ovens for trivial repairs
The shipments from the Connellsvilie religion
for the first two months of the year were
greater by 3S2, 500 tons than for the same
period of 1905, while there was an increase
In the Masontown district for this year of
131, 1871 tons.