Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-14
BULLS AND BE AIRS

Special Dispatch to The Star.
NEW YORK. January H.-Some Of the
| largest operators in the stock market and
representatives of some of the largest
financial interests in Wall street believe
that substantial improvement in the active
| list will he noted shortly. From what these
operators and brokers have heard it is ap-
parent that a campaign for higher prices
would receive the support Of some OF the
most powerful banking interests in the
financial district. The bankers, as a whole.
are not in favor Of special activity in stocks
at this time chiefly because Of the enormous
demand for money on the part Of both the
railroad and Industrial corporations. There
Is reason for believing that II greater in
terest is awakened In the marke. during
the next month or six weeks the coterie Of
men who brought about the activity in the
Hartman issues last summer will be re-
sponsible for whatever activity may take
place during coming weeks.
The prevailing opinion Is that the sharp
recovery In st. Paul was due chiefly to COW
ering by frightened shorts. The intimatton
comes from apparently well-informed
sources that the seemingly urgent buying
was not altogether by holders OF short
contracts.
4
It Is again asserted that representatives
of the controlling interests in the Hartman
lines are still optimistic with respect to the
immediate market for Union Pacific. 1t Is
believed that there is a large short interest
In this stock. and men who have watched
the transactions closely are looking for a
substantial rise.
-
President Hughlitt of the Chicago and
Northwestern spent the greater part of last
week in New York. 1t Is confidently be-
lteved by those who are reasonably close
to the Northwestern management that it
Is snly matter Of a comparatively brief
time until announcement will be made or
an offering of Northwest stock to the share
holders, the proceeds to be used chiefly
for the construction of the proposed elabo-
rate passenger terminal in Chicago
.-.-a. ~
A banker who keeps we'll informed on
Pennsylvania railroad affairs does not be-
lieve for a moment that there is any truth
in the recent reports that the Pennsyl-
vania railroad has bought the Union Pa
cifc holdings Of Atchison. Brokers who
represent some Of the largest interests In
the Pennsylvania are advising the purchase
of the stock at about present prices.
There is reason for believing that the
LOUISVILLE anu NaSnVHie oVioeho "ouio
have been increased at the recent meeting
of the directors except for the hostile posi-
ton of the state authorities throughout the
south in the matter Of rates.
1t is intimated that the Chesapeake and
Ohio management Is considering plans for
raising some fresh capital. In case some
plan is worked out. 1t is understood that q
part Of the proceeds will be used to enlarge
the terminal facilities in Richmond. APP
parently there is no probability of the divi-
dend being raised In the near future 1t is
not unlikely, however. that Pennsylvania
representatives in the board Of directors
vii, drop out and their places be taken by
representatives Of the banking interests
who bought the Pennsylvania holdings.