Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-12
Stockholm IN VIEW
Signs Multiply That Another
Move Is Imminent.
LABOR TROUBLE THREATS
Railway Earnings to Adjust All
Differences.
PASSING OF THE GOULDS
Increasing Volume Of Investment
Buying on Foreign Account Pleas
ing Feature Of Market.
PASSING OF THE GOULDs
Special Correspondence of The Star.

NEW YORK. December IL, 1909
Every indication points to a resumption
of speculative activity. Signs multiply
that another boom in the stock market is
imminent. The question is as to the date
of beginning. Nine out of ten people
met In the Wall street district will tell
you they look for boom in stocks
after the holidays" Where everybody
fixes a date that way the chances are
that the market will not wait that long,
but will start in ahead of time Some
thing of that sort is among the strong
possibilities Of the near future. 1t is
very certain that a quiet absorption OF
stocks is going on both for investment
and speculative account. The buying is
very clearly not for the purpose Of at
tracing attention.
1t seems to be by people who are chiefly
DESTROYS of getting their lines cheap in
order TO have full advantage of whatever
advances may come later Oman advance
which they believe very sure to occur.
1t is manifestly the province of specula-
tion to discount the future. and as the
future seems to give promise of big
things for courageous buyers we are
quite likely to very soon get into dis
counting business on q scale sufficient to
start strong bull movement ahead of
the scheduled date.
IaQulUdIlON OF STOCKS stopped Two or
three weeks ago. There has been almost
no selling out of long stocks since. The
market is fairly full of professional trad
of bearish instincts bent getting
the last fraction of the reaction, which
set in a couple OF months ago. These
people always get nipped and some of
the stubborn ones lose good deal of
money before acknowledging themselves
beaten
There is also going on at this season
Df a S0uarinp of
and bookkeeping evening up which
calls for the buying and selling of stocks
10 considerable aggregate amount
That has helped to keep commission
saved them from stagnation during the
dull period
Fly in the Ointment.
A fy in the ointment has been the
threat of labor disturbance. There Is
felt TO be small chance of real trouble
on that score. The noise which is heard
on that subject comes largely from the
labor agitators. who are DESTROYS of inn
pressing people with their Importance.
As a matter of fact. everybody. employ
ers and employees alike. have known for
a good while that an advance in wages
would take place somewhere around the
beginning of the new year. and they have
been preparing for IL. The advance will
be matter of peaceful negotiation be-
tween the representatives of the two in
terests. The earnings of the railroads
warrant the advance and the men feel
they have a right to expect 1t. They SUBJ
mitted to wage reduction during hard
times and suffered quite as seriously as
the railroads. Now that earnings are
back again TO the nigh standards il is
felt TO be only right and proper that the
loyal employees should share the return of
prosperity enjoyed by the transportation
companies. The reports of great earn
ings which have been handed out to
Wall street for the last six months have
also been read by the hired hands and
carefully digested by them with bear
ing on wage increases.
Another thing which has been just a
little disquieting was the uncertainty at
taching to the phrase and spirit OF the
Presidents first annual message TO Con
gress. The question at point has been
just how far Mr.. Taft would purse the
Roosevelt policies of aggressive regula-
ton and control OF corporations. The
general verdict seems to be that the bust
ness interests have little to fear from
the present administration. and that al
though no backward steps will be taker
nothing will be done at Washington tC
threaten business to alarm invest
ment or check enterprise At first the
opinion was freely expressed that the
message was weak and faced.
Closer study of the document is chang
ing that view somewhat. and it is nov
felt that what was at first thought to bt
weakness might after all be only re
turn TO the normal. Wall street and the
country at large has been accustomed
to highly seasoned White House foot
that it Is not an easy matter to reac
custom the appetite to a change from
S>saaco sauce to plain salt and pepper