Evening star., 1906-03-15
AND BEARS

4 -k"t t1t DssBascu 10 \ ue ctbf.
NEW YORK. March 15--In we'll Informed
circles 1t is believed that the stock mar
ket WIN continue comparatively quiet for
| q few weeks. but that meanwhile there will
be substantial buying of the standard is-
sues ON all recessions of any consequence
While 1t is very generally claimed that
money will be decidedly easier next month.
1t Is expected that the money market viii
| be regarded by the professional operators
at least as an adverse factor In the mean
time. 1t Is stin thought that within the
next few weeks we are likely to receive
considerable amount of gold from Europe
The somewhat uneven tone of the mar
ket yesterday il said to have been due
largely to the circulation OF various ad
verse runsors, among which was the prob
ability OF a strike of the bituminous miners.
II is believed by men who are familiar with
poth the bituminous and anthracite situa-
tons that the rumor was circulated only
Tor stock market purposes.
well known speculator said today that
there was more talk with respect to South
ern railway common than with respect to
any other w-priced railroad stock. He
predicted that within few years the COM
mon stock would reach the prices at which
other issues now classified as high priced
railroad st )cks selling.
X
The buying of the Mexican railroad stocks
| is attracting considerable attention. 1t Is
believed that the National railroad stocks
and the Mexican Central securities will
have advances proportionate with that out
lined with respect of Southern railway
common.
While the United States Steel stocks are
disappointing marketwise men who are
keeping in close touch with the company
say that there is nothing with respect to
the earnings or prospects to make one
bearish on the stock.
There was a time when the Withdraw wal
of the Rockefellers from the Gould roads
would have meant something. but now, IL
they have withdrawn, If they with
drawing-getting rid of their holdings /
mean-it does not In any way impair the
security of the properties. which grow
Ing in earning power right along How
can they help growing?' This Is a type of
the optimistic talk heard this morning be-
fore the ticker had recorded the first sale
of the day.
y
Taylor Smith, in their letter, say:
For the immediate future we are in
clined to look for a traders market, with
rising tendency, with more activity and
wider fluctuations in the industrials than
In the general railroad list Stocks other
than railroads which. IN our opinion, war
| rant higher prices. are Amalgamated Cop
per, Car and Foundry, Brooklyn Rapid
Transit. Pacific Mail. United States Rubber,
United States Steel and Woolen common"
A
The Journal Of Commerce computes the
amount of dividends to be disbursed today
at s1S,S46225 or nearly half of the total
dividend payments for the month of March.
which will reach $3S, Iii ,S13. The larger
disbursements today include $14, ,625, 900 by
the Standard Oil Company and 81 800 900 by
the Consolidated Gas Company.
Dick Bros. In their letter say: Further
selling may De induced If the money market
continues disturbed, but there seems to be
no apprehension in banking circles of any
trouble In the loan market; we believe that
drives like that of yesterday afford excel
lent opportunities for conservative pur-
chases.''
The second OF the Tennessee Coal Com
pany's mammoth furnaces at Ensley, Ala.
known was No. 5, is nearing completion.
| No. 9 and No. will turn out pig iron, 1t
| is estimated. at a cost of less than $3.50 a
ton, this means cost for steel rails OF
under $12 a ton. There is an almost un-
limited demand for 7. c. /. steeiing rails
at $28 ton. The present steel rail capacity
according to present plans. will be more
than doubled.