Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-23
BULLS AND BEARS

Special Dispateh to The Star.
NEW YORK. October 2S--As was init
mated In this column yesterday evening.
prominent SPECTATORS understand very
definitely that before tho day was over
Secretary Shaw would announce some plan
Tor further relief to the money market. The
reported heavy buying OF stocks during the
day by prominent stock exchange house
generally understood to have prominent
Washington connections was taken as con-
frmatory Of the rumor. It was learned
today, however. that banking interests In
this city were aware OF the fact that Sec
Rotary Shaw would make an announce
ment late yesterday afternoon. the only
question being the form In which the relief
should be given. It was intimated. too.
that Mr.. Shaw was willing to bring for
ward at this time more potent relief
measure than the ono he made public. but
that he was given to understand that It
would be unwfse to do anything at ths
time that would specially encourage specu-
lation It was believed by well-informeo
money existed after election the Secretary
would announce considerably more COM
prehensive relief measure than that given
out yesterday. In the meantime 1t was
kept within proper bounds there would be
no serious trouble az to the money Market
1t is learned that banking interests would
have been better satisfied with the demon
stration OF considerably less strength IN
stocks than was recorded. In other words,
these interests are decidedly opposed to
special activity in the market prior to NO
vember 6. and until the general money
market is in better shape They point out
II large sums of money are required TO
finance a speculative movement 1t Will De-
practically impossible to adjust the money
market for some little time to come.
3 A banker of this city who is actively In
terested in the political campaign. partic-
ularly up the state. and who Is watching
the situation very closely, said this morning
that the Indications are now stronger than
at any time in the, campaign so far that MIR.
Hughes will be elected by a safe majority.
In discussing the situation somewhat IN de-
tail he said that a canvass OF several coun-
ties indicates that the rural vote, ooth GEM
ocratio as well republican, will De very
largely in favor OF the republican candi-
date. This canvass also indicates that the
mill and factory element which heretofore
in q good many instances has been largely
democratic, will at least break ABOUT eVen
In some cases it is learned that the VOTE
which hitherto has been at least 10 or W
per cent democratic, will be practically the
same In favor of the other side. In the
case of some manufacturing institutions, ne
said, there Is rather large doubtful vote,
and indicated that apparently 1T will be I'M
possible to get definite idea as to this
vote before the election actually takes
place. si 7'
4
The marked strength of the Colorado and
Southern issues yesterday. particularly the
common and second preferred. was un-
doubtedly due to buying by interests which
are aware that a favorable announcement
will be made before long affecting all OF
these securities particularly the second pre-
ferred.
The intimation comes in definite form
from well-informed sources that II the
events Of the next two weeks are In favor
Of the company, the Brooklyn Rapid Tran
sit Company will not only consider but
actually declare q dividend on the stock
this fall.
A man who has always operated heavily
in the United States Steel stocks. partio-
ularly the common, and who was originally
connected with some of the subsidiary COM
panies of the steel corporation, Is under
stood to have told his friends that he Is
pretty confident that the directors Will de-
clare another dividend on the common
stoclx a their meatin0 this month.