Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-18
BULLS AND BEARS.
Special Dispatch to The Star.

| Special Dispatch to The Star
| NEW YORK, June 1S.-N-.--cl prominent
| men in Wall street whose opinion regarding
| affairs in general Is most highly regarded
! still maintain that there must be nQufda-
| ton In business throughout the country In
| proportion to the liquidation which has
| taken place in securities during the last six
| months. This assertion Is at direct variance
with the opinion Of a very large number Of
| active and important business people In the
leading centers throughout the United
| States. This morning while the extreme
dullness in Wall street was being discussed
by certain operators, the representatives Of
| large leather concern in Chicago declared
| in very positive terms that no falling on
| had occurred in his business and that on
! the contrary It is running from $4,000 to
| $4,000 month above the returns for the
corresponding period of last year. A promi-
| nent lumber merchant from Minneapolis
took the same position with respect to his
business as that maintained by the leather
merchant. He declared that the lumber
business is fully as active as 1t has been
at any time during the past two or three
years and that prices are bein fully main
| tanned. A western railroad official who has
just returned from the northwest said that
he was unable to discover my letting up In
general business and indicated that crop
conditions In the territory through which
he Travelled are much more favorable than
| has been shown in most the reports made
public.
\
A prominent corporation man. In discuss
ing the general situation this morning, ex-
pressed the opinion confidently that. be-
cause Of the impairment of corporation
credit which has taken place. business in
! the financial district will continue dull for
some time yet. but he believes that the ex-
he Int o6
States and other factors that are likely to
develop will bring about restoration OF
credit In a large degree and proportionate
activity In Wall street affairs.
X
In spite Of the optimistic interview given
out yesterday by Interstate Commerce Com
missioner Knapp, 1t is known that not few
corporate interests In this city expect that
further litigation. at least investigation
will be conducted against them by represent
tatives of the federal government. They
admit that they have received advices from
Washington which lead them to believe that
various intercorporate relations which have
been entered into within the last five years
are likely to be investigated.
-
It is expected that a year or more may
elapse before all of these measures, as now
proposed, are carried out. II IS generdHy
known that the dominant interests In the
Hill lines confidently expect that the re-
lations existing between the Northern Pa
cifie. Burlington and Great Northwestern
will be investigated at the instance of the
federal government. 1t is known also that
the controlling interest In the Rock Island
system expects that various relations exist
ing between the parent company and GER
tain underlying corporations will also be in
vestigated by Washington authorities. If
such a program Is carried out on a compre-
hensive scale, It is taken for granted. Of
course. that the immediate result will be
further disturbance and impairment Of
credit. although the ultimate result may be
beneficial to all.
Those in closest touch with the manage
ment have not indicated at any time since
the rumor has been in circulation that the
Reading dividend would be increased at this
period. They have not looked for any
| change, and clearly indicate now that there
| is no reason for expecting one. In fact,
those close m pna hav