Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-07-12
BULLS AND BEARS
Special Dispatch to The Star.

special dispatch to The Star.
NEW YORK, July IA Burlington
Official who is in town says that he sees
no signs Of letting down in business in
territory served by the Burlington sys-
tenn. prominent official of the Rock
Island says that business is keeping up
i to recent levels in the Rock Island terri
tory. This is practically the report that
is being brought here by officials Of
| nearly every railroad system in the west
and south. Prominent bankers say that.
according to their private advices. the
business of the country as a whole is as
large as 1t has been at any time in re-
cent months. The private crop advices
continue favorable. Private advices re-
gardfng monetary conditions at the prin-
c1pal centers in the west and South tndi-
cate probability Of a stringent condi-
ton little later on. The available sup
points is said to be smaller than at this
time In recent years.
*+
While the subscriptions to the new
Atchison bonds were larger in the aggre-
gate than was expected. even up to the
close of business the day before yester-
day. railroads and banking interests were
generally encouraged by the outcome.
In well-informed circles that the Atchison
subscriptions at this center aggregated only
about 81 800 900. or approximately one-tenth
OF the total issue. 1t is pointed out that
these figures do not indicate that the large
holders Of the stock took advantage Of
their privilege to subscribe to the new
issue This assumption is regarded as rea-
sonably correct, tnasmuch as 1t is officially
claimed that large number of the small
holders exercised their subscription priv
ileges. Except Cor the subscriptions re-
ceNed from abroad, it Is plain to be seen
that the Atchison Offering would have been
no more successful than the Union Pacific
Offering.
A prominent railroad official in discuss
Ing the monetary situation this morning
clearly intimated that he and his asso-
ciates do not expect that 1t will be any
easier in the near future + = the railroads
and other large corporations to raise money
than 1t has been for many months back
He looks for continuance of business on
practlcaLy the present scale, until none
tar. conditions make a smaller volume of
business absolutely imperative.
-
1t Is universally conceded, of course, that
the renewed agitation against corporations
by the federal government and by various
state authorities will be highly impor: ant
factor in both speculative and investment
| markets. 1t is expected, by the way, that
the activity of state authorities will now
be even greater than 1t has been at any
time since the investigation of the large
corporations was begun by representatives
OF the federal government A well-known
corporation man. in discussing this feature
OF the situation this morning. said that In
some ways matters might be benefited by
the attention of the people being drawn
from the railroads to the large industrial
corporations, most Of which are engaged
IN the manufacturing of acknowledged
necessities.
In view Of existing conditions, as rough y
outlined above, conservative observers say
that IN their opinion 1t is foolish to talk
about the possibilities of an active stock
market In the near future and to set forth
the merits of individual securities