Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-14
BULLS AND BEARS

Special Dispatch to The Star.
NEW YORK. February 14-Another deal
story, the one relating to the copper indus
try. has begun to make good.
Apparently the copper companies could
80 on prospecting for long time to come
without the benefits to accrue directly from
the developments In the Montana field, an
nonnced yesterday. To experts IL cents
pound seems likely to be a bedrock price for
the metal wei into next year. any way.
1t was learned yesterday that OFFER OF
IL cents pound had been made to one
small producer for his entire output for the
next two years, and ut IL cents the copper
companies can make great deal Of money.
1t would appear that the slight reaction
that has taken place in tho copper metal
market is owing to the Hefnxe-Amalsa-
mated settlement. which viii certainly lead
to an increased output from the Montana
mines
In some quarters tips were circulated yes
terday morning to sell Amalgamated and
Anaconda when an announcement of big
news was made. There was such an an
nouncement last night.
In view Of the suspected plans for closer
relations between the Union Pacific and
Illinois Central, extra interest is aroused
by the announcement that the Illinois Cen
trail has made an export rate on oats from
Minneapolis to New Orleans cents below
that available to the Atlantic seaboard.
Should this rate be maintained 1t is be-
neved that New Yorks export oats business
would suffer materially.
a.
Bartlett. Frazier & Darlington say: IAN
important deal is being developed in Union
acifie, but the details are not at all COM
piete as yet Should this deal go through,
1t is believed by those who are cognizant
of the facts that the stock will be worth
at least $500 share. Those who are skep-
teal about Union Pacific may at some time
in the near future find that history may
repeat itself. and 1t would not surprise us
II some OF the details of the old Burlington
deal found reflection in some of the do
ings in regard to Union Pacific
y Generally at the present time II may be
said the market outlook is one of advance
ana reaction. with the tendency of prices
toward higher level. Some of the biggest
interests in the financial district are dis
tinctly bullish. and their confidence is in
part reflected by their heavy purchases of
bonds
we are now in a trying stock market
season. SAID a veteran broker today AT
TINS Tune every year the market ,.lwa VS.
hesitates over the crop outlook, the money
market OF what you WILL 1t Is a time
"HSi 5od puy STOCKS and sell them lower
ana sell stocks only to buy them back
higher 1t Is time for patience when pa
thence is difficult ~
steel common and Union Pacific are the
admitted leaders of this market. They re-
Meet general conditions amply and are the
recognized representative stock of the larr-
est and most powerful aggregations of men
ana money in the corporate and financial
world
speaking of the iron and steel industry In
england and other countries, Henry r.
merton q Co. say: Makers as we'll as con-
sumers are bare of stock, and the reports
from all centers indicate very large con-
sumption not only of pig fron but also of
manufactured articles. In nearly every in
stance buyers have TO agree to sellers,
terms and there Is a fair prospect of an in
crease In shipments with the approach of
spring American news is in ali respects
extremely strong, and the expansion OF busI-
ness In the states seems to afford the large
output quite an easy outlet"
A leading house in the grain trade speak