Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-11
BULLS AND BEARS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 11.-So far as can be
observed there is practically no change In
sentiment in speculative quarters this
morning. 1t Is believed that the stock
market will continue professional, fuctu-
ating within q narrow range, undess some
thing OF decidedly favorable character
should occur, when it is expected that
prices will drop sharply. While the reduc-
ton Of one-half per cent in the Bank OF
England rate was generally and confidently
expected. and probably discounted to a
great extent both in the London and New
York markets. it 10 pointed out that the ac-
ton Is tangible proof OF the increased con-
fdence Of the governors OF the Bank OF
England and Of the large financial interests
in that center regarding monetary condi-
tions both in London and in other European
centers. Interests familiar with conditions
in London would not be surprised to see
further reduction Of one-half per cent with
in perhaps a month. 1t is understood that
q well-known railroad man who recently
returned from London shortly before leav-
Ing for this side predicted to a prominent
f1nancier that within Ave or six weeks the
Bank Of England rate would be per cent.
Monetary conditions on this side are ex-
pected to continue easy for q time, put
q few months at the longest money will be
comparatively tight in New York and at
the principal western centers.
-
It is needless to say that the leading rail-
road officials Of this country are keenly
watching the entire situation for the ap-
pearance of distinct signs OF a falling on
in business. The president Of one large
system, who has had occasion to look into
the matter very carefully, is altogether
confident that there will be a general re-
action later on. He says that II 1t does
not materia1ize his experience and Judg-
ment count for nothing. He believes that
an effort IL being made at the present time
to convey the opposite impression, but In
Inmates that those who are making the eff
fort are hoping against hope.
~
A man who is perhaps more familiar with
the general traffic situation on the rail-
roads Of the United States than any other
one individual says that while the conges-
ton of traffic during the last three or four
months has been great, nevertheless It has
been exaggerated In many published state
ments.
He explains that with the present volume
OF business in the United States 1t Is
utterly impossible for the railroads to
have sufficient cars and tracks and ade-
quate terminals to handle all Of the traffic
offered during the rush periods of the
year. He believes that a great deal OF
harm has been done and great deal Of
injustice shown to the railroads by the
unwarranted criticism and exaggerated
statements.
At the annual meeting of the stockholders
of the Rubber Goods Manufacturing Com
pany to be held today. it is understood that
the retiring directors would be reelected
and that the matter Of liquidating the COM
pany will not be considered unless it is
brought up by minority interests. At
meeting Of the newly elected board to be
held within a few days it is possible that
q few minor changes in the persOnnel of