Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-30
BULLS AND BEARS

Special Dispatch TO The Star.
NEW YORK. March s0-whils It was ex-
pected by spectators today that there
would be some selling OF both short and
long stocks by the professional element
and scattered liquidation by the public.
certain interests In the market look for
prices to rule firm within q few Gays and
would not be surprised to see substantial
advances little later on. even II gen.
efal strike Is actually declared. A man who
understands the coal situation said that the
present outlook indicates that the strike
could not possibly be Of long duration.
The statement comes from good sources
that the anthracite operators will stand firm
and not make any concessions The funds
OF the miners are not large, and 1t was as
serted 1t would be absolutely impossible for
them to support a general strike OF both
hard and soft coal miners for long period.
1t seems to be the opinion also that the
miners whom F. l. Robbins controls will
De allowed to continue at work.
with respect to the effect of a strike upon
the market 1t is pointed out by large
stocks during the last thirty days have been
principally men who by past experience
were fully able 70 appreciate the possibili
Ties or coal strike in connection with the
STOCK market This man further points out
that the principal buyers of stocks have
been men who are competent financially to
carry them for an indefinite period and that
they would not throw them over on the
declaration of strike that apparently will
not last long.
The heads Of several large commission
nx ~.
not likely to be the factor during the next
week or two that has been predicted.
Nv
The attorneys for the Chicago Union Trac-
ton Company held another conference here
yesterday. but did not take any important
action.
A dispatch from Pittsburg this morning
In regard to the coal supply in that district
says the United States Steel Corporation
mas been accommodating coal at its various
plants for weeks At Homestead side tracks
are being laid. and an enormous pile of coal
has already been stored near the Howard
axle works. Trains of coal are being
brought In daily over the Pennsylvania. and
Bessemer and Lake Erie. Preparations have
also been made to secure coal in the Con-
nellsville region. where the miners will not
be affected by strike. The Jones and
Laughiin Steel Company operates it's own
mines at Coal Center, and has been accumu-
lating Tor weeks, and Is reported to be in
as good shape for fuel as the United States
Steel Corporation. The Crucible Steel Com
panys plants and those OF the Carnegie
Steel Company namely the upper and
lower Union mills, are well supplied Of
ficials of all the departments declared last
night that enough fuel is on hand to last
about four months.
The Royal Mail steamship Nigeria. which
left Sekondi. West Africa, March 13, hav-
Ing on board 100000 gold consigned
to the Bank of British West Africa i'm
tied. of London. arrived at Plymouth to-
day.
The application of the Delaware and East
ern Railroad Company to issue a mortgage
for 100000 has been granted by the state
railroad commission The proceeds are. to
be used for the construction of the pro-
posed railroad in Delaware county.
The directors of the Tennessee Coal and
Iron and Railroad Company at their meeting
in Birmingham yesterday, elected John A.
Topping, president of the Republic Iron
and Steel Company, a director, and made
him chairman of the board. Don II. Bacon.
president of the company. resigned. to take
effect May 10. The regular quarterly divi-
dends of per cent on the preferred stock
and 1 per cent on the common stock were
declared.
The stockholders of the First National
Bank of Freeland. Pa. which closed its
doors March II. will make good the deficit
through an assessment on the stock and
reopen the bank soon as practicable
There is a rumor at Cleveland that the
Pennsylvania company is negotiating for
the purchase of the Findlay, Fort Wayne
and Western Railway. from Fort Wayne
to Findlay. and the Northern Ohio which
runs from Delthos to Akron. The acQusi-
ton of these roads, together with the con-
struction of a new line twelve miles from
Friday to Carr would shorten the dis
lance considerably for the Pennsylvania
hetW cen Pittsburg and Chicago