Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-06
BULLS AND BEARS

| Special Dispatch to The Star
NEW YORK, June Gas was stated yes
terday some stock market observers Of
present conditions believe that the turn In
the market, Of which something has beer
said within the last few days, Is some time
on They believe that the agitation against
the large corporations, particularly the rail.
roads. which has been such potent factor
In the financial situation for many months
VIII be continued. and that the effect upon
the price of securities may be even more
pronounced than 1t has been already. I'm
certainty as to the crops, general business
and the political situation next year, they
believe, will tend to keep the buying of Sc
curltles. both for investment and specula-
ton, well down to the minimum.
On the contrary, few observers who ap-
parently are in a position to get good in
formation are confident that some Of the
most powerful financial interests in Wall
street believe that the market has practi-
cally touched bottom, and. although there
may be further temporary declines, the tend
ency viii be toward Improvement. No one
mas been found who asserts that these i'm
! 'rtant interests are openly optimistic but
IL the information received is correct 1t Is
are now actual buyers of securities in q
quiet but substantial way
Although practically all of the dividend
paying stocks yield a handsome return at
present prices, some students of values and
conditions are recommending to wealthy
clients the purchase OF line of low
priced railroad common stock. They do not
thof -,
have big advance within the next few
months, but they are confident that within
year or two the Quotable price will be
double, II not treble present market values.
uney thlnk that whatever may happen
these common stocks cannot go very much
lower.
Other students Of the situation take an
entirely different position. and are recon-
mending the purchase of the leading divi-
dend-paying shares because of the large re-
turn at present prices and the belief that
these issues will participate extensively in
any big recovery that may take place In
the market during che present year.
They point out that If purchasers Of
this class of stocks wish to speculate in
the low-priced issues they can use their
d1Fidehd-paying shares collateral and
IN the event Of big advance in the mar
~ rii nave hoioihss yieioins large
income. or large profit on the purchase
price II 1t is desirable to sell them.
1t is admitted by those who have an ac-
tive part in the negotiations that a state
ment Of the Pere Marquette situation has
been practically agreed upon. Another
conference will be held today, at which it
is expected the details OF the plan will be
fully and finally decided. 1t is understood
that the plan now under consideration calls
for the discharge of the receiver and the
giving OF the company at least 5000. 900
fresh working capital. 1t is believed that
the plan will meet with the approval of all
the substantial interests in the property.
AS soon as possible the entire Cincinnati,
Hamilton and Dayton situation will be
cleared up and not few interests relieved
Of burden which has been extremely an
noying, and, in some instances, heavy.