Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-17
BULLS AND BEARS
speclal Dispateh 70 Tlls star.

Special Dispatch to The star.
NEW YORK, March 1I.-The same spirit
OF Indifference with respect TO the imme-
date future of the stock market was APP
parent again today In speculative quarters.
It is expected 4hnt during the next few
weeks the trading will be almost of an en-
tirely profession character. as 1t has been
this week. In view. however. OF the APP
Parent scarcity OF standard stocks It IS
believed that the market as q whole could
be easily turned to the buA side II some
% the factors now regarded as adverse
were to be removed. A more hopeful view
is taken with respect TO the coal labor sit
aation.
80
While 1t Is generally accepted that the
market win re more or less affected by
announcements which may come from Al
bany and Washington, conservative inter-
ests are inclined to believe that the dis
turbing factors from those sources will be-
Gene fewer rather than more in number.
There is considerable division of opinion
regarding the immediate future of the
money market. One well-informed broker
expressed the opinion today that If the mar
generally will be lending money in the
street freely within ten days On the other
hand. 1t Is claimed that money is likely 10
be tight for some little time.
A settlement of the troubles between the
Pittsburg Railways Company and its en-
ployes has been effected by compromise
The men demanded an increase of two
cents an hour in their pay, but after dis
cussing the situation have accepted the
ccmpany's offer of one cent an hour In
crease. The increase equals rather more
thai ~ per cent to the men. and that. to-
gether with other technical changes. is ac-
ceptable to them and to the company.
An early cable from London reports that
Herr Mendelsshon, the Berlin banker, was
received in audience today by the car and
that Herr Mendelsshon declined to under
take the 1otation of a new Russian loan
In Germany.
X
A dispatch from Pittsburg says that the
Monongahela River Consolidated Coal and
Coke Company has acquired the property
interests and good will of the Peoples Coal
Company and the C. w. lutte Coal Cofl-
pany, the latter being OF the largest In
dependent river shippers OF coal TO the
south. The estimated valuation OF the
GOO or Whereabouts. it is believed IL Pitts
burg.
-
The feature of the trading on the stock
exchange was the extreme ddilness of tho
market. One broker was heard to remark:
81 have not traded 10e-share Of stock
today. This is the first time in two years
that this thing has happened to mo "
Other brokers usually active in the mar
ket talked in the same strain and a lack
of business gave the brokers the floor
an opportunity to pay more than the usual
attention to the celebration OF the birth
day of Ireland's patron saint. Al one time
several prominent members started a pa
rade around the room in which pretty near
ly all the brokers joined. The leader OF
the parade wore a green derby hat and
others were decked out in green hats and
carried green flags.
The recently eorporateG Chattanooga Iron
and Coal Company of Tennessee has filed
mortgage with the Trust Company of
America of this city. trustee. to secure an
Issue of 5000, OGO bonds with the proceeds
of which the company is to build a plant
at Chattanooga of the capacity of 100 tons
of finished steel a day. to include a blast