Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-31
BULLS AND BEARS
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK. August 31-A somewhat ir-
regular market was looked for in the trad
ing today, but it was believed that tho
tendency would be toward greater sustained
strength than had been noted for several
days. So far a. could be learned all ap-
prehension that might have existed in the
minds of conservative interests with respect
to the Bryan speech was removed by It's
deliverance. A considerable number Of
thinking men were interviewed today. and
apparently men afl,ilated with the large
corporations who have been inclined to
think favorably Of Mr.. Bryan have changed
their oponion absolutely.
One Of the shrewdest politicians in this
country, and who is specially well informe.
with respect to the railroad question, on
which Mr. Bryan spoke at great length, ex-
pressed the opinion unreservedly today that
the would-be candidate for the presidency
two years hence killed every chance that he
might have had by his speech. He said
that the entire south is against him, and
that II anything had been Leeded to
strengthen this feeling Mr.. Bryan's scheme
as to federal licenses in the operation OF
railroads will supply this need fully.
Other men who had an opportunity to
read his speech. and who were willing TO
express an opinion resardins IT, said that
slightest unfavorable effect on the stock
market. but that on the contrary the tend
ency would be to buy stocks on the BELIEF
that it would be utterly impossible for Mr.
Bryan to be elected on the platform which
he outlined.
There was still considerable apprehension,
OF course. with respect to the money mar
ket the next few weeks. but the men VINO
are the guiding influences in the present
stock market seemed to be very confident
with respect to monetary conditions. For
the greater part Of this week 1t has been
rumored that large banking institutions In
this city were quietly accommodating gold In
Europe. and that an announcement of these
engagements would be made in due time
1t was understood that very prominent
factors in the present stock market were
informed that the engagement Of $2.5 1000
gold would be announced today. 1t was also
understood that the same interests who
have excellent sources Of information are
confident that Secretary Shaw would re-
deem a substantial amount OF the govern
ment tours Of 1907. If he takes such action
1t has been generally understood that the
announcement will be made in October.
~
At a special meeting Of the directors Of
the American Express Company yesterday
a semi-annual dividend Of $ per share
was declared out OF the income OF the
company from its investments. payable Oc-
tcber ]. to holders Of record September Is.
Dividends from Investments heretofore have
been declared at the rate OF per cent
semi-annually. This dividend declared Gut
Of the return on investment is entirely
apart from the dividend Oft Of The earn
ings. It is stated that the intention Of
the conpany's directors is to coastnue to
pay the regular semi-annual dividends Of
s. per share from earnings on January l
and July l in each year, as heretofore,
making II per cent per annum al de-
CARED on the stock. The company has
previously paid per cent, @ per cent GU.
of earnings and per cent representing
its rsturn on investments.