Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-18
BULLS AND BEARS
Special D.spatcA to TIE star.

Special Dispatch to The 8tsr.
NEW YORK. September 1s.-The opinion
was expressed IN speculative quarters this
morning that the stock market was likely to
continue a. active for the rest OF the week
as 1t was yesterday. It was admitted. OF
course, that the trading fell on considerably
yesterday afternoon. but It was believed
that the daily average for the week would
be a. large az the total sales yesterday,
which must be regarded as q very fair days
trading. BY some It was thought that prof
it-taking to q fair extent was IN progress In
some Of the high-pr1ced railroad stocks
which have been features Of the market.
and these securities were not expected to
advance further just now.
The movement in specialties. which was
50 noticeable yesterday, and which was led
by the equipment shares. was expected to
continue and to embrace considerable
number of other securities In the same
class.
There is distinct disappointment Of the
failure of the United States Steel stocks
to advance further. The Information comes
from good sources that although certain
banking interests which have been closely
Identified with the steel corporation since
an optomistic view Of the stock market.
they have not been disposed to lead move
ments in individual stocks To this fact
Is ascribed. to q large extent the dizziness
ests' which are familiar with the position
OF those banking interests. Still. 1t would
not surprise close observers to see a marked
renewal Of activity in the steel stocks. par
ticuiarly the common.
No one yet who has been willing to talk
regarding the matter seems to have any
definite information with respect to the
movement in the anthracite coal stocks.
While the opinion is quite generally held
that the Hartman interests have large.
II not controlling interest In the Balh-
more and Ohio. persons who are In a posi-
ton to get the first Information regarding
that matter. apparently have heard moth
ing from official or authentic sources. One
man who would be likely to know the
reason for any genuine movement in Read
ing. Baltimore and Ohio and Pennsylvania
says that very many OF the rumors In cir
culation with respect to these stocks are
utterly without foundation. From banking
circles. however, in close touch with the
ton which Is generally credited that plans
of first Importance relative to the three
companies mentioned and perhaps others
are being worked out. STILL those interests
do not seem to have definite information
as to what Is. being done.
-.
Considerable interest Is developing In the
Missouri. Kansas and Texas issues. as a re-
suit Of the study Of the company's annual
report, just published. That document
showed that already q dividend was being
earned on the common stock. The prin-
cipal reason. however. for the bulIish Views
that are now being expressed Is that the
company is expanding money so literally in
the Improvement Of the property and the
fact that 1t now has an ample fund to
carry on this work. The progress already
made in this direction, and assured In the
future. will. 1t Is believed, at a comparative
power of the common stock. The security
already around the preferred, 1t Is argued.
would make that stock cheap. even near
par.