Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
BULLS AND BEARS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 27.-While It was
stated today that the stock market for
the next week or 30 would receive compare
lively little consideration from certain spec
ulative interests, brokers who have looked
into the matter pretty carefully. were
rather confident that speculative accounts.
which were In a somewhat vulnerable posi-
ton. have been materially strengthened by
the liquidation which has taken place dur
ing the last week or ten days 1t Is gen.
orally granted that within that period short
selling had been INDUCED in pretty freely.
Practically every observer was Of the opin-
ion that the market would be decidedly ir-
regular and more or less nervous The per-
sistent buying. however. Of the standard
issues by inside interests has impaired
not q little confidence to the closest OBJ
servers Of the daily transactions in those
securities ever since the possibilities of
election have been q factor in the securi-
ties market.
From information that has come to hand
recently obviously the large banking and
railroad interests are giving much more at
tentfon to the working out of important
deals than to the daily fluctuations in the
stock market. For some time it has been
Z u
as the Great Northern stockholders, would
In due time receive a handsome extra dis
bursement of profits in some FORM 1t was
strongly intimated this morning by we'll
INFORMED interests that when present plans
are worked out Northern Pacific stockhold-
ers will not only receive an extra cash divi-
dend. but valuable rights on new stock It
was also intimated by the same interests
that present plans cali for the purchase by
the Great Northern Of the Northern Pacific
holdings of Burlington stock This would
undoubtedly result in an extra disburse-
ment for Northern Pacific shareholders
Although Chicago interests indicated yes
terday that nothing of definite character
had been accomplished to the proposed
lease Of the Chicago Edison Company by
the Subway Company, 1t is learned that the
deal has been closed. and that practically
all of the essential details have been worked
out. 1t is also learned from Trustworthy
sources that not only the Hartman, but
other railroad interests in Chicago are
participating in the present extension plan
Of the Chicago Subway Company From
Information that was secured this morn
ing apparently the Hartman lines as cor
porat1ons will not take direct interest in
the Subway Company but prominent rep
resentatives as individuals are understood
TO have taken large participation. 1t is
learned also that Vanderbilt interests as
individuals, have bought substantial
block of subway stock. Although Chicago
interests were quoted regar~.ng the old
transaction, as indicated above, it is learned
that the details have been worked out to
the extent that the price has been agreed
upon at which the Subway Company would
nave the right, after a period of years,
to buy the Edison stock. 1t is understood
that this figure Is 175
A banker. who is familiar with the gold
DEVELOPMENTS in Alaska, expresses the opin-
ION confidently that the output next season
Will be largely in excess of that of the
season just closing, and that within a COM
paratively few years the Alaska output
will be nearly equal to that of South Africa.
he believes also that demand for silver will
increase at such a rate that the metal
within a few years will be selling consid-
erably above 100 c. per ounce