Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-05-14
BULLS AND BEARS

Special Dispatch 10 ne sssr.
NEW YORK. May 1A-T.eading members
OF the saecufative fraternity have tn nd
visa altered their opinions regarding thu
general tfend OF the stock market. The
slight recession in prices Saturday was re.
Earded toaay a. entirely natural and repre-
scented some profit tnhing. The majority
OF those men believe that the tendency Of
the market this week win be toward q
higher level. They base their opinion upon
the favorable conditions prevailing In the
railroad and Industrial world and the pros
pect Of easy money at this center for some
time to coma
The fact that toward the end Of the week
loans were carrying over the end or the
year at w per cent and In some Instances
at less. Is taken as assurance that money
rates will be comparatively easy until well
into the summer In any event
Some close market observers, however.
would not be surprised to see a slight re-
action In the stocks today merely on TECH
hical grounds They are confident, never
theiess, that whatever recess;0ns may occur
viii BE- quickly overcome by renewed buy
ing power.
Interest IN the copper stocks is increasing
and shrewd market observers predict that
Amaigamated Copper and Anaconda will be
very prominent features of the market next
week
A Chicago correspondent says "Of1cials
of the western railroads now practically
agree that the falling of in tonnage, no.
ticed the proceeding week. was =only a re-
Election of the uncertainty caused by the
San Francisco calamity. This uncertainty
now seems to have been removed at least
sufficiently to relieve the feeling of appre-
hslsion on the part of business interests
'afad trafHcTi is again showing heavier ag-
gregate and railroad men say that the re-
dictionary tendency of ten days ago was
perfectly natural
1T also came at time when the farmers
were in the midst of their spring work,
Which IN itself usually causes a sluli, but
reSumptio of general activity Is again
manifesttng itself.
THE monetary situation is not SO strin-
gent. although the demand for funds will
sbe great enough to keep rates all over the
west firm for an indefinite period. Bankers
he wever,s are optimistic concerning the gen.
efaf outlook and predictions are now heard
of a. renewal of. the extremely prosperous
conditions. such as existed prior to the Pa
cific coast horror. Assurances from bank
ing circles have caused increased care In
all directions and merchants and others are
now buying freely with a view of increasing
their stocks which rapidly became depleted
on account of the temporary :lull Oh1ctals
reports during the last few days show a
marked Improvement. and they have no
re aSon to believe that the situation Is not a
stable one. The wheat crop outlook was
never better at this season.
OF the grain carrying roads entering CHI
cago, st. Paul last week made the best per-
centage showing, having total of y per
cent. an increase of per cent. The Chi
cago and Northwestern brought in is per
cent, gain of per cent. The Illinois Cen
trail carried 10 per cent, losing per cent
The Burlington hauled II per cent. a de-
crease of per cent. The Chicago Great
Western brought in 10 per cent, an increase
of per cent Other roads delivered from
to S per cent, but the changes were I'M
important.
The Memphis cotton exchange has de-
cided to deal in cotton futures on and after
the first Monday in June Heretofore spots
only have been dealt in on the floor of the
exchange. 1t is reported from Milwaukee
that the General Paper Company has an
.nouneed its withdrawal from the field as
selling agency. The mills. which heretofore
sold through the company. will now sup
ply the trade directly, and the untitled or
ders will be filled by mills usually supply
ing the various customers.
\, X
President Barber of the Diamond Match
Company says that he is in favor of re-
ducing the dividend SO that the surplus may
be increased. The quarterly dividend of
21s per cent, payable June To- will be paid
as usual to stockholders of record of May
81 The earnings for the first quarter of
this year is reported to be entirely salts
factory.