Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-17
BULLS AND BEARS.
Special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK. September iT--some stock
market observers were inclined to the be.
lief today that the market would move In
much the same manner as last week.
Bankers did not look for anything moro
than temporary furry In money untA
near October 1. when 1t was thought that
call funds would be much higher. Aor sew.
eral days at least. Attention was called to
the fact that the dividends and increaSe dis.
bursements to be made during the frs, few
days of October would be unusually large.
Money was not expected to return from the
interior In large volume prior to that time
After October is II was believed that money
would be comparatively easy for some
weeks.
The gossip this morning as to individual
stocks had to do principally with the cop
per issues. 1t was claimed that there was
the large accumulation of Amalgamated be-
tween 100 and 112, and that there would be
a rapid rise from present figures. Anaconda,
1t was asserted, would also advance sharply
from present prices. An expert In the metal
trades said that he saw no signs of a fall
ing of In the consumption of copper, and
that SO long as anything like the present
rate of consumption continues, the copper
market would be healthy. active and strong.
=
Persons who are in a position to get good
Information in advance with respect to
movements In particular issues hook for
much greater activity in the equipment
stocks and in considerable number of low
priced railroad and Industrial issues Tho
opinion seems to prevail that the equipment
shares will lead this movement because of
the excellent earnings now being recorded,
and the still larger returns which are prac-
icaily assured through the large crops OF
the present season prominent western
railroad offlcial. In commenting upon the
fact that the system with which he is most
closely identified has been compelled to or
DER 5000 freight cars in addition to an order
for 10000. the last of which are just being
delivered. says that all additional cars put
into service seems to be lost In single day
because the traffic Is so large and the de-
the smaller systems will be compelled to
follow the Pennsylvania, New York Cen.
trial. Rock Island and Baltimore and Ohio.
all OF which have recently placed large adj
ditional orders for equipment, are about
to place them.
-
Fall business with jobbers and manufac.
turers in the west. says a Chicago corre-
spondent, is assuming larger proportions
than any former year and there is the pros.
pect OF the heaviest trade known. Ship
ping departments of jobbing houses are
working night and day to keep up with the
rush OF orders, and at the rate the interior
distributors are calling for goods. there is
to be record made in consum ption this
fall. Dry goods have the largest sale and
new stocks are being bought heavily. In
the cotton market values are without de-
c1ded change. and the market for fabrics
Is still showing strength. The warm weather
all over the west during the past fortnight
worked against the clothing trade to some
extent. but, with the exception of ths
northwest. the sales were considered large.
and a heavy fall business Is looked for.
The same is true of the shipments Of whole
sale groceries, paints and oils. There was
also heavy movement of machinery and
machinery parts. which are going into i'm
mediate consumption on account of indus.
trial expansion in all directions.
p
-
Lumbermen reported an increased de-
mand from the interior and the buying Of
this class is taking lumber faster than In
recent years. This is due to the splendid
showing made by corn in most sections, and
the desire on the part OF interior yard men
to get stocks before they further de-
layed by the shortage. Prices are
strong. Owing to the great building ac-
tivity in these larger cities the mills that
make interior finish are crowded to their
limit and are far behind in getting out
orders. In all lines of business collections
are reported easy. which continues to speak
Well for the western financial situation.
The western monetary situation shows no
material change as far as rates are con-
cerned. Locally, minimum figures remain
at per cent but some of the banks are
asking even higher rates. Considerable
money has been loaned during the past
week so and surpluses are again getting
close. There is a heavier demand for funds
from the country banks on account of the
great business expansion and for the move
ment of crops and agricultural products
and live stock and this is keeping rates at
financial