Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-05-26
BULLS AND BEARS
Special Dispatch to The star.

Special Dispatch 10 The Star
NEW YORK. May 2s-Specuiators ex.
pressed themselves this morning as quite
confident regarding tho future course OF
prices. While II ws.s admitted that the stock
market during the last two days had been
largely professional. and the advance I'm
prices had been accomplished at the expense
OF the short interests, there had at the same
time deyeloped sorne interest on the part of
outside buyers IL was believed that with
the continuation CT good conditions In tho
money market and favorable crop pros.
poets the advance in prices should be car
ried to a considerably further extent
1t was expected that the rise In certain
issues recently would invite a good deal Of
profit-taking today. and that the market
might devotion some irregularity before the
close. 1t was pointed out however, that tho
impetus which the bullish movement had
gained was likely to be sufficiently strong
to enable realizing sales TO be absorbed
without much difficulty.
The hard coaiers. 1t was believed would
continue market leaders. Public attention
within the last few months has been 40
largely attracted 10 the value of coal lands
that a more thorough appreciation OF tie
possibilities of such stocks as Erie and
Reading is becoming widespread. The re-
cent rumors of the formation of an immense
holding company for the coal lands was dis
issues has not been entirely based on this
theory.
A good deal of favorable comment was
heard concerning the broadening in specua-
ton yesterday as to include the leading
granger stocks. and the increased activity
and strength of the bond ma rls.at were taken
as particularly promising indications. The
agreement reached between the Wabash de-
benture B. holders and the company had
also stimulated cheerful feeling regarding
those issues in particular and the general
market as We'll.
''R. c. Steiffel. general manager of the
plant of the Shelby Tube Company of Els
worth announces that new plant costing
81 10000 will be erected this summer at
Eliwood City The present plant employs
500 men, and the new works viii triple
the output at Ellwood, although 1t will not
quite triple the number Of employees"
The window glass factories of the country
win not shut down for the summer on
June 9, as recommended by W. r. Hilton.
president of the Window Glass Manufac-
turers' ASsoctatf ton. In response to the cir
cuar sent out last week asking the manu-
fa cturers to signify their Willingness To-
close on the date named only few MANI
lecturers who have stocks on hand favored
the early suspension The plan has been
abandoned and all factories will continue
in operation until the close of the fire.
June 30 Some will endeavor to operate
during the summer months.
The total gross earnings of thlrty-ave
railroads for the second week of May wera
SS.9g. s72. compared with sT.s0S.525 ia
the same week OF 1898, an Increase of
81, 1S6, 347, or 1919 per cent. For the third
week of May the total gross earnings of
nineteen roads We're recorded at 81, s14 49,
contrasted with So 5II021 in the same time
a year ago, gain Of S297 All. or $40 per
cent For the month of March 10 roads
show gross earnings of S159, 25S. $50 an in
crease of si52s0.4j0. or 1901 per cent over
the same month last year, and for the
month of April fftysix roads record gross
earnings of s52 400 10J. a gain of s., 46,s Gs,3.
or 1t.6f per cent, as compared with April,
1905.
The long strike Of the Amalgamated As
ISOLATION Of Iron Steel and Tin Workers
against the Whitaker-Glessner Company,
which owns sheeting tin plate plants at
Wheeling and Martins Ferry. has been
ended. The company signed the wage
scale and operations win soon be re-
sumed. 1t is expected that the Wheeling
plant will be put in partial operation next
Monday, The strike began In FebrIiary