The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-20
EYES ARE ON MORGAN
STOCKS ARE ACTIVE ON RUMoRs OF
WHAT MORGAN MAY
SOON DO
STORY THAT HE WILL
SETTLE THE COAL STRIKE
Revival of the Runnor That the Canadian
Pacific Is to Get Into Chicago by Way
of the Wisconsin CentraI-Money Goes
to Ruenos Ayres to Move Crops.

NEW YORK, Aug. 19.-There were
more shares of stock sold on the ex-
arising again over the half million share
mark. The market took on a fair APP
pearance of average strength, but an an
alysis viii show that the gains in the ma
JCrtty of usually active stocks are frac-
final while the really striking gains are
confined to few spots in the market.
Inc dealings We're largely in professional
hands and were supposed to reflect the
operations of speculative pools, including
some OF the prominent capitalists of the
country.
The situation of affairs was not mate
rally changed from that of yesterday
and the new demonstration of strength
was based largely on the return to New
York of j. P. Morgan which has caused
a renewal of many long current rumors
of financial projects and RAILROAD deals
which are supposed to await his action
inent of these in its effects upon specula-
ton is the formulation of a plan for the
control of Louisville & Nashville. There
seems fairly general agreement that
this plan will take the form of a guaran-
tee OF dividend on Louisville & Nashville,
commonly supposed to have been fixed at
Vile made itself felt in other Southern
stocks, notably Illinois Central and Nash-e
vile, Chattanooga and st. Louis. Nor
folk & Western and Chesapeake & Ohio
We're also supposed to derive some bene-
fit from this cause, although the advance
IN pennsylvania and Baltimore & Ohio
traffic.
The. settlement of the coal strike and
decision on the question of the presi-
dency of the United States Steel cOrpor-
alton are also supposed to await Mr.. Nor
CAMS action. The upward movement in
southern Pacific was aggreSSively renew
ed today for the first time since an
nouncement of the proposed $1O0, O00, 900
mortgage to provide funds for better
ment. This movement was also associat-
ed with the homeward- bound movement
"a Ttot two I0eaf1 ov. rklfI
mad operated largely in it in the past.
Canadian Pacific and it's subsidiary
companies form another center which ra-
dated strength and the gossip to account
for the rise pointed to efforts by that
company to secure an entrance into Chi
cago. The strength of Wisconsin Cen
tral and of the Chicago Terminal stocks
seemed due to the same ruaor. There
were various other points of strength in
the market, but all seemed equally due
The money market was not appreciably
easier although there was less tendency
to furry than yesterday. The rate for
at about IL per cent for the largest part
of the loans. The recent rapid downward
course of foreign exchange was arrested
and there was tendency to recovery in
the market Some selling of stocks here
Tor London account was a factor in. the
ffmer exchange market.
IL became known today that $500 O00 in
gold was shipped out of the country yes
terday to Buenos Ayres, supposed to be
for the moving of crops there. A vio-
lent break of points in Colorado FIlel
followed a suggestion that the struggle
for control of the property might throw
1t into the hands of receiver. The
stock rallied 81. The market closed duh
and irregular.
Liquidation in Central of Georgia in
come bonds was continued and made the
oond market Irregular. Total sales, par
value, was $1,S25, 000 United States bonds
were all unchanged on the last call
Stocks.