New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-13
STILL " BOOMING"
cp.zE TO BUY ELEVATED ROAD STOCK.
Up ABOVE lO7-TAMMANY HALL GIVING

rp ,noyE 1O7-TAMMANY HALL GIVING
TIPS" on RAPID TRANSIT.
u.,s lively covering of short contracts by
' IN tho stock market yesterday. Tie leaders
~. Industrial stocks took hold OF their iavorite
W. and advanced the prices materially. winch
s""'. god the bulls In Of the railroad stocks
c'. nm nrices 203 per cent. notably III Louisville
nashville and Chicago, Burlington ana quincy.
rN peaaing rallied more than per cent. and some
,oal shares rose sharply. The optimisac sch'i'
~ Wall street was encouraged by the prciicuohs
"e So welllnformed bankers that no gold would
snned tomorrow In spite Of this fact the foreign
a. market remained firm. and there were some
e..ores who insisted that exports OF gold would be
resumed -, .,o a,rns,, wos uonha,,,,
Inv took The pr.ce opened unchanged at 1Gl =
,oso OH large transactions TO 1d1 1-o"l6' L.
." ,src FREQUENT reactions Of per cent in the
1" I'm, the craze to buy could not seemingly be
W.. Tho course OF this stock since the death
$50 couId has been remarkable The day before
ns I, cold nj l2s l.3. Since that time the con-
..,, buying Of the stock has been coincident win
.orsnsc OF the RAPID Transit Commissions scheme
-, underground railroad, and the admission by the
-,ss,oncrs that the overhead system would have to
l~.a IN Tie coincident is considered significant
onr Wall street observers, and there is only one
w., down town a. to the certainty that the Man
W Con,pany will secure It's object In obtaining
-, of aIy new scheme Of rapid transit which
NAV b. Devised
=, connection with this II Is considered significant
49,, 4, Tommany Hall circles for some time there have
- MANY "lu.r" tips 10 buy Manhattan. How
", on,crs have poured into stockbyokerag> offices
- mon high in the councils OF Tammany lian can
~ animated but well-informcd brokers' are salts
~. mat there has been a rich haul made by political
.,,,o-s II is certain that the " machine when
,,rs.es this city is looking with favor on the once
,l.d midair monopoly. and its change OF 'front.' may
:. .,.sr,y connected with the profits rcapcd by the
,., ~ Manhattan stock about the time the present
,,nr interests Of New York uncovered their virtual
sAorco.t" araiust any sort OF tunnel transit.
n Il expected that AT al carly DATE inc k"pio
r,at Commission will be ready 10 announce It's new
NAV for securing RAPID transit The Manhat a" COM
nonr has no formal scheme to propose bat IT may
s,d the Commissions prOpost ons acceptable, PERHAPS
r.h ,ome slight notifications that VIII be agreeable 10
a.. commissioners II IS said on good authority that
~. rwoy company is prepared for extensive work as
ANN as possible. Tie scheme Is believed I" DC the
ns n $1,000 900 new stock. 10 be offered 10 present
s,octhocers at par. With the money SD rals"l the
ocmpanv expects TO complete It's third track ~ Ninth
ara strengthen the structure everywhere. construct
lateral lines and branches TO the ferries. Increase It's
terminal facilities and enlarge and lenethen existing
stations so as to permit the running Of trains oil seven
cars each or two more than are run at present
r. IL said thai IL Is on the knowledge OF tils rlch
ntrere Of subscript on to new stock that the great
buying demand for Manhattan has been based