Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-15
Bulls AND BEARS


NEW YORK. September 15-Except in
the most conservative circles there does not
appear to be much apprehension regarding
the money market. Brokers who have
been well informed regarding the condition
of which the present stock market was
started are confident that 1t will be posi-
BILE to maintain reasonable active specula-
ton for some weeks to come and that the
tendency will be toward higher prices.
Some Of these brokers even predict that
the market as a whole Is going much high
er and others speak of it as a broad mar
ket. although 1t must be acknowledged
that the bulk Of the trading SO far has
been confined to q comparatively small
number Of issues.
Common experts are unanimous in the
opinion that the southern planters win
that consequently much smaller amount
OF money than was predicted not many
weeks ago will be required to handle this
years output. II this proves to be the
fact the New York banks will not be called
upon to the extent that they have been in
previous years when the cotton crop was
large. Banking interests here believe that
the position of the southern cotton planters
with respect to this years crop will be an
important factor in our money market.
\ 4
Persons who have been making careful
inquiry regarding the disposition of the
western farmers in the matter Of market
ing their crops for the present season have
been given to understand that they will
be marketed promptly and that there is no
general inclination to hold and carry over
for higher prices. 1t is pointed out that
II the vast crops throughout the United
States are promptly marketed this year
money will be kept in active circulation,
will be more evenly distributed, and the
necessity of tying up large sums in any
given section will be avoided
No one seems to have definite information
of authentic character with respect to the
enormous trading and sharp advance In
Reading yesterday. A railroad expert who
is familiar with the plans of many of the
railroads in the United States intimates
upon which will make the Reading the
eastern section of the most direct line be-
tween Chicago and New York.
The information comes from good sources
that unless present plans are changed two
or three weeks will elapse before the Great
Northern ore deal is officially announced.
Greater activity is looked for in several
Of the industrial stocks commonly spoken
of as specialties. The advance in United
States Rubber is attributed largely to the
benefits which will accrue from the organi-
cation of the English company to handle
the CTue TuDDer USED Dy the united states
Rubber Company. It is not impossible that
the directors of that corporation will de-
eide at the forthcoming meeting to pay
something on the common stock. The ad-
vance in Distillers Is said to be on the
expectation Of a more liberal distribution
Of profits to the stockholders. 1t is under
stood that the directors Of several other
industrial corporate are considering the
payment of dividends on the common stock
that heretofore have received no dividend,
and the increasing of dividends on issues
on which something is now being paid.
X
It is understood that the Baltimore and
Ohio will soon place an order for 5000
additional freight cars. Today officially
marks the opening~of the season Of 1867
in the window glass making industry. But
there will be no general resumption, ac-
cording to Pittsburg correspondent, who
says that 1t is generally admitted that the
window glass industry Is in a most critical
condition. The trouble appears to be that
the manufacturers and the jobbers are dis
trustful of each other. 1t is apparently
certain that no new glass will be thrown
upon xhe market before next month, and
perhaps not before October Is or November
1. as the manufacturers in general do not
appear to be in a hurry to get their plants
into operation before November l. In the
bottle and flint branches conditions are
much more favorable. The majority Of the
plants have started up.