Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-13
FINANCE AND TRADE
Stock Market Firm and Spe-
cialties Advance.
THE PUBLIC HOLDS OFF
AGGRESSIVE BUYING BY THE
WESTERN OPERATORS
Room Traders Generally Take the Bull
Side - Little Business by
Commission Houses

Special Dispatch 20 The Evening Star
NEW YORK. June i2.-More aggressive
ness on the part of the western operators
forced further advances In all the special
ties favored by such interests ana kept
the tone of the general market firm.
Neither London nor commission houses
had any new business, but the room was
disposed to buy for a turn
Missouri Pacific was advanced under per
sistent buying and numerous rumors OF
important developments in the stock mar
ketwise were to be heard. The demand
came from sources easily identified with
the general effort TO advance certain raIl-
road stocks.
ST. Paul, both common and preferred
were strong under similar buying. the de-
mand- having run through the realizing
sales which were noted vest erday. Illinois
Central was well bought and rumors OF
impending activity on a considerable scale
were circulated In certain quarters North
western moved up sharply under small deal
ings as the result OF the activity of the new
interests in that property.
Good buying of Pennsylvania was also a
feature Of the days trading. and attracted
attention to the improving demand for high
grade investment shares. Union and South
ern Pacihc were strong under fair de-
1Husudl ACTIVITY IN mexican central
issues was said to reflect a change in the
control of a certain pool holding which Is
now held in Southern Pacific's interest
Reading issues moved up under increa sed
dealing during the afternoon. the short In
terest being forced to cover in all three is
sues. Rumors Of an early settlement OF the
strike helped the advance. but in well-in-
FORMED quarters no evidence was given
such reports
The common stock crossed Is under the
new buying, and further accumulation of
stock for purposes outside of the strike
was recorded. All of the high-priced coal
shares were strong under a fair demand
strike news was mainly OF routine char
hcter ana made no special impression on
sentiment
The buying OF Colorado Southern shares
was continued on a moderate scale but
there were no new developments 10 explain
the activity. The pool in Chicago Ter
minal gave some evidence of life but there
was little interest in those securities else
where
The so-called Philadelphia pool in Metro
poiltan Traction was more active than here
tofore. and some effort to revive Interest In
the Traction shares was noted. The SELL
ing OF a limited amount OF General Electric
at the market resulted In a sharp decline,
all OF which was promptly recovered once
the selling order was executed.
American Sugar was strong under q de-
mand attributed to lower Wall street or
trade circles. Washington advices on the
subject Of legislation were disregarded by
the purchasers. and a short interest was
made to cover in spite OF the news from
that center. The Industrial list generally
was steady under narrow dealings.
The banks have gained from the interior
81, 700 900. but have lost the bulk OF IL to the
subtreasury. A number OF the banks have
increased their loans. and the outlook for a
| favorable bank statement Is not encour-
aging. Money was easy at "a to 9 per
cent all day.