Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-02-14
BULLS AND BEARS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 14.-The recovery
In prices on the stock exchange went fur
Their yesterday in the case Of several ac-
tive issues than was anticipated. After the
close of business and again this morning it
was predicted that IL prices were inclined
to advance still further there would be
sufficient selling orders by large operators
to check the upward movement temporar-
lily. Those who have the greatest confidence
| in the market in the decisions governing 1t
have no desire to encourage an active bull
speculation at this time. They claim that
the situation does not warrant 1t. and that
IL it is attempted now the possibility of
broad and active market later on will be
destroyed to a very great extent.
While II was claimed last week that the
demand for stocks In the loan crowd was
light, there is good reason for believing
that at that time. and even at the begin
ming of this week. very few of the large
short accounts had been covered. Up to
yesterday even those best Informed conf
IDENTIFY expressed the opinion that the short
ally realized. Instead OF most OF the trans
actions last week representing short cover
ing. II Is probable that to a great extent
they represented fresh buying by those who
had genuine confidence In the market.
-.
The movement in Anaconda Is variably
attributed to q certain Boston Spectator
and to a well-known New York operator.
who has great confidence in the earning
power OF the Anaconda mines and who Is
credited with having made a large amount
of money in the stock. Interests close to
the management do not make any attempt
to convey the impression that an exchange
of securities, such as has been rumored. Is
pending. They lay emphasis upon the fact
that on the basis of the present dividend
rate alone the stock is entitled to sell even
higher than the new record established
yesterday.
President Shonts OF the PETERBOROUGH
Metropolitan Company arrived in town this
morning. He has about closed UP his af-
fairs as chairman of the Panama canal
commission. and within a short time will be
in position to devote practically all Of
his time to the duties of his new office.
-
A meeting of the directors of the Toledo,
St. Louis and Western Railway Company
was held today. 1t could not be learned
definitely this morning. however whether
at that meeting the directors will declare
an initial dividend on the preferred stock.
or whether the action will be taken at a
subsequent meeting.
y -
President Trumbull OF the Colorado and
Southern, who returned yesterday from a
trip over the southwestern lines. was very
favorably impressed with what he saw. Tho
directors will meet this afternoon. when. In
all probability. the regular semi-annuai
dividend will be declared on the first pre-
ferred stock. The matter of declaring an
initial dividend at per cent on the second
preferred will be considered, but whether
final action will be taken remains to be
seen.
The executive committee of the United
States Rubber Company and the Rubber
Goods Manufacturing Company will meet
today. and 1t is understood that the plan OF
liquidating the latter company will be
rfh ar nnSfd