Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-06-27
BULLS AND BEARS
Special Dispatch to The star.

morning were not quite 50 pesStufstic as
they had been for the last week or ten
days BY some 1t was believed that the
market would be considerably better for
the next few days at least and that the
Improvement would be led by Sc. Paul.
Union Pacific and Southern Pacific On the
other hand. the opinion was freely ex-
pressed that while the leading stocks might
go a little higher today the selling move
ment would continue and carry the general
market down to a lower Level than that
reported yesterday. Conservative Observers
reiterated the opinion which they expressed
yesterday, namely, that the excellent con-
ditions prevailing throughout the country
would be felt and would overbalance the
extreme pessinistic sentiment now 50 gen
eraL
President Earring Of the Chicago. Milwau-
kee and ST. Paul Railway Company was ex-
pected to arrive in this city during the
day. BY interests which have always been
well informed regarding st. Paul matters. Il
was claimed that an announcement regard
ing the plan by which the Pacific Coast As
made after the meeting Of the directors to
be held this week. BY others 1t was claimed
with equal positiveness that the ST. Paul
plan was not likely to come out for some
little time.
A*
The reports that the St. Paul bought the
Montana railway, about 100 miles long, Is
correct. As matter of fact. this prop
erty was secured by the St. Paul about
year ago. It is understood that fully 100
miles OF the line will be utilized In the
Pacific coast extension. and that by doing
this Il will be possible to get through the
belt range Of mountains at grade OF only
per cent. 1t Is claimed that some OF
the heaviest grades on the competing lines
OF the st. Paul are at the point In this
range of mountains where the St. Paul Will
have maximum grade Of only per cent.
1t Is also stated by men who arc familiar
with the st. Paul route to the coast that
the company will have a line from Chicago
to Butte with grade not In excess OF
per cent except In the Rocky mountains.
where the maximum will be 4-10 per
cent.
Friends of the Canadian Pacific who are
in close touch with the management init
mated that an announcement OF special in
terest to the stockholders was likely to be
made within a week or ten days
i
The information given exclusively In this
column yesterday on high authority that
the President contemplates nothing moro in
the way Of Investigations or legislation In
volving the large corporations was con-
firmed by an equally high authority who
was not on friendly terms with the chief
executive 1t was believed that when the
Importance Of this fact was fully realized,
that sentiment of the professional element
In the stock market would be materially
changed
Referring to report circulated IN Buffalo
yesterday that the Distillers Securities Com
pany was to purchase the Buffalo and
Binghamton plants Of the Wood Products
Company for about q half million dollars,
H J. Pierce president Of the concern and
one of its largest stockholders. emphatically
denied that the prospective purchaser is
the Distillers Securities Company. He said
New York capital might be interested In
the new deal, but declined to give further
information. The capital Of the company Is
81 600 all outstanding; 1t has no bonds.
The corporation pays dividends OF per
cent each quarter. quarterly dividend. per
cent. payable August /: q sale Of stock re-
ported at 13O.
Cars are still plentiful enough to care for
the shipments Of ore. coal and finished steel
products In the Pittsburg district, but be-
cause Of the recent squirt In iron and steel,
and because Of the middle district mines
resuming operations, shortage Of equip
ment Is feared. 1t Is reported. from the
Smokey city There has been a noticeable
increase in business all railroads and
every road Is endeayoring to keep its equip
ment in good shape and as close to Its own
lines as possible. Coal has taken a slight
squirt In this district as a result of the
opening Of the mines In Ohio, Indiana and
Illinois.
1t is mostly In coal and ore cars that a
shortage Is expected, although box cars
are to be kept busy moving the crops which
farmers of the middle West have just be-
gun harvesting.
X X
The directors Of the North American
of ,fi,a