Evening star., 1907-09-04
BULLS AND BEARS
Special Dispatch to The Star.

may have about reached its maximum for
the moment and that prices may recede
moderately. but an active stock exchange
representative who has had a wide ex-
perience in Wall street affairs and who
was decidedly pessimistic only few weeks
ago said this morning that he does not
believe prices will be as low again in five
years as they were when the present up
ward movement started He does not look,
however. for a big bull market in the near
future. but thinks there will be a gradual
Improvement.
Some interests are surprised over the
qulckness with which the rates for time
money have receded, as they believe that
the actual stringency was greater and the
manipulation less than it has been at any
time in recent years when money was re-
ported tight. They are inclined to believe
now that the rates for time accommodations
will go still lower, and If this proves to be
true and stocks have still further ad-
vance, they believe that it will be we'll to
take profits generally, because they point
out that it De safely assumed that
the large interests which were the prin-
cipal buyers at the low level will be dis
posed to tighten their load materially.
the inside history and actual conditions in
the Alton case were considerably disturbed
yesterday over the outcome of the matter
in the Chicago court. 1t may be stated as
fact that the controlling interests in the
Alton are confident that complete ime
munity will eventually be given to both the
corporation and Its officials. 1t is surmised
that hitch that developed yesterday was
due chiefly to personalities rather than any
new developments of Importance in the main
issue. Chicago advfces clearly intimate
that within comparatively short time
peals, whose headquarters are in that city,
is likely to hand down a decision in the IA
nous Standard Oil case, and that he will
take occasion to express his opinion of the
imposition of the big fine which, 1t Is said,
he regards as unwarranted by the facts in
the case.
Presii cnt Earling Of the st. Paul road
is still in town, and President Hewitt of
the Chicago and Northwestern has ar
rived here. For the benefit Of those who
persisted in the assertions six months ago
or less that the St. Paul would discontinue
the construction Of its Pacific coast extern
sion 1t is stated that at the present moment
the company has more work under way
on that line than was ever in progress at
this country. The management Just now
Is handling more material and more men
than at any time since the construction of
the Pacific coast extension was started.
-
Vice President Jansen Of the Atchison Is
In town this morning, and says that the
traffic of his road Is keeping up to the
top notch. and the chief difficulty encoun-
tered by the management is to provide the
necessary facilities for handling the busi-
ness. Another troublesome problem is the
unavoidable high cost Of operation, and
while every effort possible Is being made
to reduce this item the traffic in sight is
SO large that the indications are not bright
for bringing about material change Mr.
Jansen claims, however, that the Atchison
mas peen able to keep down its operating
expenses 70 greater extent than some of
The other roads nave been able to do