Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-07-06
BULLS AND BEARS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. July 6.-Speculators who
have talked this week with some OF the
most important operators in Wall street
say that there Is a distinctly better feeling
with respect to financial affairs. but that
there is wide difference of opinion as to
whether money Is to be tight during the
next two or three months. These men say
that important interests are yet duly con-
servative. and that while they are more
hopeful they are not specially enthusiastic.
They believe that some time yet win be re-
quired to clear up various matters that
should be got out Of the way before a cam
paign Is undertaken in the stock market.
Apparently practical deadlock exists. even
between some Of the leading authorities, as
to the monetary situation. Some who are
in q position to have the latest informa-
ton regarding conditions, both in Europe
and In this country. are unable to see how
money can be easy during the harvesting
and crop-moving seasons. There are
others whose sources OF information are
equally good who seem to be reasonably
confident that money will work easier from
this time on, regardless of the volume OF
business that may develop.
Some houses in the street have received
whiting the last few days very positive In
formation that AmalgamaIted Copper IL
soon to have a decided advance. They say
that the Information comes from sources
that heretofore have been very good. Some
conservative interests are disposed to be
rather skeptical regarding this Information.
as they are looking for a reduction In the
price OF the metal that would. sentimentally
at least, in their opinion affect adversely
the price Of the copper stock
Although. as the time draws near. there
are rumors of an increase in the United
States Steel Common dividend those who
are In closest touch with the management
do not look for any change to be ordered
Is confidently expected that the earnings
for the June 80 quarter will make a de-
cidedly favorable exhibit. 1t Is believed,
however. that the management will con-
tinue it's conservative policy and add to
the surplus rather than increase the divi-
dend on the common stock.
~
A f1nancier who Is in very close touch with
Washington affairs says that according to
his information and in his judgment the
talk of a possible war between the United
States and Japan should not be taken at
all seriously. He says that according to his
private information the money for financing
such an undertaking could not be secured
in Europe, and he Is certain that bankers
in this country would not lend their assist
ance.
He thinks that in due time all rumors Of
war will disappear.
-
The weekly financial review OF J. g. Bache
& Co. says:
1.-THE hopeful attitude in the security mar
ket referred to last week has continued.
This hopefulness was based on q clearer
perception of the causes of decline, allied
with more open statements and arguments
by prominent authorities against the de-
structive methods adopted to bring about
reforms. The business Of the country has
been dragged into politics, and capital has
been subjected to more attacks. and more
dangerous attacks than at any time in the
history Of America. Now a careful con-
sideration is taking place as to how much
more damage can be done to securities:
whether the worst has happened, and
whether Improvement all around has finally
begun. If so, and If the foreign investor
thinks 50. we may begin where we stopped
a year or more ago. to get In from abroad
the money positively necessary for rail-
roads to meet the everyday demand for
facilities. to say nothing OF the extraor-
binary demands which still exist, and which
will increase rapidly"