Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-14
BULLS AND BEARS

lDUll0 hHU Uthn0
Special Dispatch to The Star.
NEW YORK, April l4@In smaller trading
| circles the assumption was made today that
| with the relaxation in the money market
on Wednesday, the backbone of the mone-
tary strfngency was broken and the way
left open for manipulativs pools and opera
| tors to resume their old work of lifting
prices without reason and It Is to be sup
posed that q number OF them Will soon be-
come active In minor specialties.
In discussing the future outlook of the
market prominent operator said today
that while he was bullish on the market for
long turn, he has little opinion to express
in regard to immediate fluctuations.
a
There is a general belief that the dividend
on Amalgamated Copper will be increased
| next Thursday. and. II viii be the frst
time the directors have had formal ses-
sion since the United Copper deal some
Official Information may be given OUT re-
| sardins the details of that deal
| The Union Pacific Railroad Company no.
titles the holders OF its first lien convert
Die per cent gold bonds that pursuant to
the terms OF the mortgage and deed of trust
| under which these bonds were issued. the
optioh 70 convert them into the common
| capital stock expires on May l. and that no
| PONDS VIII be received for conversion after
| that date.
|
The total bank elearfnss of all the clear
ing houses Of the United States for the
/ week ending today Saturday estinrated)
has been s3.07o. 63s. 444. against 81. 3ss. eOa-
| ~. In the previous week and So Oss l5e 800
IN the corresponding week of 1905 So far
as the individual cities are concerned New
| YORK shows gain of 20 per cent. Boston.
Il per cens;aChicago. 1873 per cent. and
New orleans. e.6 per cent. while PhiIadel-
phia. Baltimore and St. Louis record losses
lot SO per cent, 81 per cent and AZ per
| cent, respectively, compared with the
same week or the previous year.
1t Is reported from Chicago that tho d.
rectors of the Chicago Telephone Company
are considering cut in the dividend rate
from 10 to per cent. The lower rate is
said to be considered necessary by the big
| slash in earnings that will follow the
proposition made to the city for a new fran
| chlse. No official information concerning
| the matter Is obtatnable.
|
| The total gross earnings of ffty-eteht
roads for March amounted to $50 s24 75s
against SIS, 4s9. ST for March a year ago
an increase OF 1894 ISL or 9.e1 per cent
From January L to March 81 the same
a4a ase reports gross earnings as $780,
| 6446 s6, against $154,91s. lib In the same
period OF 1905. a gain of SIS. III, $685. or 1884
per cent.
/ =
1t Is said that the Ohio lines Will ignore
the action OF the Ann Arbor and Detroit.
| Toledo and Ironton roads In recognizing
the 2-cent law in interstate business
| Cards announcing an advance of per
cent in window glass quotations were sent
out yesterday by Pittsburg jobbers, Both
| the eastern and western jobbers' associa-
| tons have ordered the raise The manu-
facturers Will meet on Thursday of next
| week in Pittsburg and If the price TO Job
| bers Is raised at that time further adj
vance to retail dealers will follow.
| dispatch from Savannah says the Still
more Air Line. ffty-four miles long from
| Collins to Wadley, has been bought by In
diyidual officers Of the Central OF Georgia
| The price is said to have been less than
| $4,000 mile.
Their affairs remaining unadjusted, a pro-
tective committee of bondholders of the
Toledo Railway and Terminal Company
has been formed. Default was made Jan
uary 1. at the time of the other troubles Of
the Cincinnati, Hamilton and Dayton.
President Sullivan of the Nassau Trust
Company OF Brooklyn is chairman OF the
committee
Three opinions found In todays letters:
1T is not impossible that the rates for
| money may be somewhat firmer next week
than they were today, and we believe that
a little conservatism should be observed
for some time onger"-Bartlett. Frazier &
Darlington
"At the same time. 1t is well to remember
that money will probably remain firm over
the summer and that We approaching
the period OF the year when crop scares are
not unfrequent."-J s. Bache & Co.
The gold engaged for import will not be
here nor to the credit of the banks re-
serves for week, and yet rates drop from
90 to per cent on the announcement of
its engagement. Strange are the workings
of our money markets That we need
larger circulation per capita, however is
certain. The government is now distribut-
ing a few crumbs OF comfort, but not
enough to be of quence.''-Carpenter.
Baggot Co.
The Electric Bond and Share Company
has declared the regular quarterly dividend
of Ia per cent on It's preferred stock, pay
able May l. Books close April 1e and re-
open May 2
According to ST. Petersburg cable it has
been decided to reduce the amount Of the
proposed Russian loan. and the will
probably not exceed S400. 100000. OF this
amount France and Russia will be allotted
$40. 100000 each. The French allotment
will be divided In part in Brussels. The
remaining $4,000, 600 will be divided be-
tween London. Vienna, Amsterdam, Buda-
pest and Prague.
Isaac n. Seligman of J. and w. Seligman
& Co., and w. de Lancey Kountze OF
Kountze Bros. were elected directors to
fill existing vacancies In the Lincoln Trust