Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-08
BULLS AND BEARS.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK. March ga prominent
banker. when asked today for his opinion
Of the stock market. particularly In view
OF yesterdays declines. said that the rally
of the. day before did not change his opinion
OF the market situation. He believed THAR
Mr.. Frick and his associates have taken
back q very large part OF the Reading
which they sold between 40 and $50, but
that the general situation Ia practically
unchanged. He believed, also. that the
LIQUIDATION which has been in progress
for many weeks must 60 somewhat further
On the way down from present prices 1t
is taken as a fact that there will be an In
creased amount Of Investment buying and
that when the liquidation has run its
course there win DO = sharp rebound. fol-
lowed by q long period Of dallness.
The foregoing seems to embody the ideas
of the NEST conservative observers OF the
that monetary conditions win be an impor-
tant factor In the situation from this time
on. Apparently the demand for funds from
the western centers viii be q factor earlier
BILE advices from London and Paris indf-
cate that money viii not be AZ easy at
those centers as had been expected.
-
President Finley OF the Southern Rail-
way Company Is in town to attend the
monthly meeting OF the directors, which
will be held this afternoon. at which time
it is expected that action will be taken on
the preferred dividend. A banker who is
familiar with the situation says that I'M
doubleday the Southern railway is operat-
ing under more unfavorable conditions than
almost any other railroad in the country.
Owing to the continued rapid development
of the south the traffic offered is largely in
excess of the company's facilities for
handling It with any degree OF promptness.
The company is hampered not only by
shortage Of rolling stock, but also by the
fact that at the very time when an effort
is being made to handle a larger amount
Of business than the company has ever en-
joyed before the management Is endeavor-
Ing to double track a considerable part OF
the main line. If the Southern railway
could handle the business offered promptly
1t is understood that the net earnings for
many months back would have been much
larger than those reported.
X
A high official Of one of the large ship
pers along the lines Of the Southern rail-
way says that his company has been
obliged at frequent intervals to wait many
days for cars for the shipment OF the
product of its mill, and that. finally, after
the cars were obtained and loaded they
were allowed to remain on Sidings for ten
or fifteen days before the Southern rail-
way could move them. So far as can be
learned. the directors will not decide the
question Of the dividend on the preferred
stock until after they have carefully dis
cussed it at today's meeting and ap-
parently whether the full rate will be con-
tinued will be largely matter Of policy.
Lester Leland vice president Of the United
States Rubber Company, has returned from
a three months trip to Europe. 1t is I'M
derstood that at the regular monthly meet
ing of the directors yesterday only routine
matters were considered. Owing to the ILL.,
ness of one member of the special commit
tee appointed some weeks ago. to consider
the matter of Hquidating the assets of the
Rubber Goods Manufacturing Company. no
report Of the committee was presented at
yesterdays meeting. The earnings Of the
company. particularly from its rubber foot
wear business, continue very satisfactory.
The weather conditions of the last six
weeks or more have made practically GER
tain larger orders for rubber boots and
shoes for the coming season than the COM
pany has received during any corresponding
period in its history.
H. R. Nickerson, vice president of the
Mexican Central Railway Company, has
returned from q business trip to Mexico
covering two months or more. He says that
general business in Mexico is steadily in
creasing Considerably more traffic is Of
fered than the Mexican Central is able to
handle. He adds that in his opinion be-
tween 1900 and 5000 cars would be re-
quired to handle all the freight now at the
stations along the various lines that make
up the Mexican Central system. A repre-
sentative of the American Smelling and
Refining Company recently. made a state
ment that If the Mexican Central had the
facilities his company could be shipping 25
per cent more of its product than 1t is now
doing Mr.. Nickerson believes that 80 per