Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-10
BULLS AND BEARS
sUee,.l p,,p.sch to The star.


NEW YORK, Decsmber 1O.--It was pre-
dicted In certain well-informed quarters
this morning thai Washington would fur
nish relief to the money market this week
and that the measure brought forward
would be Of such q character that both call
and time money would be relatively easy
over the end OF the year and for several
months to come, at least. 1t was even pre-
dicted that an announcement OF this char
acter would be made today. and II this pre-
diction Is true considerable activity In
stocks during the next few weeks was
looked tor. It was generally believed that
q large part OF the active issues was now
held by the strongest financial interests In
the street. Apparently. II the large pro-
fessional operators could be assured that
there would be no trouble regarding money
for several months. they would be disposed
to re-enter the stock market on rather an
extensive scale. Until, however. they can
be assured that money WI. not be 80 per
cent at IL o'clock and 2 per cent at 3 o clock
IN the same day they, nor any other class
OF spectators. win have anything to DO
with the stock market, except possibly to
scalp fractional profits on transactions
made In and out on the same day.
1nasmuch as 1t Is realized that no special
activity in the list as a whole can be looked
for until the monetary situation IL well de-
fined, little Is said regarding individual Sc
curities. It Is freely predicted. however.
that unusual possibilities speculatively are
offered by United States Steel common. APP
parently the buying of this stock was OF as
good q character as 1t was persistent.
X *
It Is expected that the official circular re-
garding the proposed increase in the capt.
talization Of the Atchison. Topeka and
Santa Fe Railway Company and the deci-
sion of the directors to issue $25 600 600 con-
vertible bonds or common stock soon after
the special meeting Of the stockholders
January 30 will be made public today. In
terests who get their Information regarding
Atchison affairs from prominent directors
Of the company very confidently predict
that the dividend on the common stock will
be increased from to per cent next
April.
X X
The further advance in Mexican Central
stocks in London this morning Is taken as
foreshadowing an early confirmation Of the
proposed deal with the Mexican govern
ment. According to advices received here
from Mexico City, 1t seems probable that
the negotiations will be contaminated this
week.
* 4
Inside interests in the local traction prop
critics are still very confident regarding the
market possibilities Of those Issues as soon
as the monetary situation ID reasonably
cleared up.
X
It was no surprise that New York banks
kept out Of the market for the ESQ 900 of
gold which arrived at London from South
Africa. There is not only no desire on the
part Of our banks to divert gold from the
Bank OF England, but. on tho contrary.
every wish that 1t should go into that In
stitutions vaults. II it shall become neces-
sary to do so. American banks will bid for
gold wherever 1t may be found and senti-
ment and all will go for nothing. But 80
long as it Is not absolutely necessary to
bring gold here-so long, that Is to say, as
American securities are not hagrantly dis
eliminated against abroad. or SO long AZ
stress of local conditions does not become
imperative. the more gold that the Bank Of
England may acquire the better pleased our
banks win be. Stiil, according to high au-
thority. gold. like all other things. win. in
the long run, land where the demand for It
Ia greatest. which IL equivalent to saying
that the highest bidder gets the cake.