The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-16
UNPARALLELED IN
THE STOCK EXCHANGE
ton of Morgan and Company as arbitra-
tors Of the Southern.
WILD RUNIORS.
Continued from First Page.)

ton of Morgan and Company as arbitra-
tors Of the Southern.
WILD RUA1ORS.
The widest rumors and reports were
circulated to account for the record
breaking activity of Southern hallway
common. Veteran brokers failed to ch-
derstand why Morgan interests Should
want to increase their holdings OF TINS
stock Later, when it was seen that the
Gates crowd and SPECTATORS generally
were buying in Southern common. the
NOV ement partook of a purely spccuia-
tive character. and although the stock
continued pllenomcnally active throusll-
out heavy profit-takng sent it below the
high level. In spite of numerous at
tempts to rally, the price fell off to 81 ID
was 81 rs. a net gain for the day OF : o-s:
Louisville and Nashville advanced at
the opening, but fell off almost as soon
az tie bulge nE Southern Railway came
i ransa ctionS i'll Louisville and NASHVILLE
aggregated about $500 shares, the stock
closing at 1:o7, a netsloss Tor the day o.
enc point.
Fully two score brokers were active III
the buying and selling of Southern Rail-
way common. Prominent among these
were Talbot T. Taylor and Company, van
sr,lnburges and tAttcrbury, A. ~. House
ran and Company, Frank SaHine and j.
s.. bache and sBouvier. About half the
room traders and free lallcers' took q
Gand in the game at one time or other.
Harris, Gates and Company were reported
TO have bought and sold ,0oO sharcs III
the course Of the day.
That the Southern Railway will have
considerable to say as to the fuIurc OF
Louisville and Nashville became the con-
vlction of most Wall Street nen before
tle close of the day.
Mr. SPENCER DENIES IT.
President Spencer, when asked as to the
future relations of Southern Railway and
Louisville and Nashville, made This state
u.ent:
.,lhe Southern Railway had no interest
i'll the purchase and It VIII nave no inter- '
zssi in it ut any time III the future. Louis
vile and Nashville viii not pass to the
Southern Railway"
Neither directly or Indirectly
s..No. neither directly or indirectly, N
any shape, manner or form VIII Southern
Railway have anything to do With LOUIS
willie and Nashville.
Mr.. Spencer. Mr. Gates. A1r. Harris, MI.
Perkins, Attorney Stctson and several OF
the other Interested parties held another
conference at Morgan e. Company Slate
in the afternoon. This conference pre-
ceded the meeting between Mr.. Perkins
ana Atf.E BolIlOul, d. w LlSAtI1 ostSi'tL.A
not to issue the gAIorgan-Bclmonl state
ments until late at night.
Edwin Hawley who had not figured in
the Louisville and Nashville matter be-
fore the previous day. was also among the
late callers at Morgan 4 Company s. Mr..
EHawleys interest i'll the situation has not
been made clear. but he Vouchsafed the
statement earlier in the day that he was
a large holder Of Louisville and Nash
Vile stock. and firm believer in its fu-
ture prosperity. Reports recently coupled
Mr.. Haw1ey's name with that of NJ.
Gates IN the recent Colorado and South
ern and Colorado fuel and iron deals, No
definite statement as to What disposition
Morgan & Company ma y make OF Louis
Vile and Nashville is looked for until the
pending legal entanglemepts growing out
Of the Great = orthern and Northern Pa
acifc merger are settled.
Should Southern Railway acquire ma-
ior:ty interest in Louisville and Nash
vile. it is assumed that the Illinois Cen
Road. which parallels the LouisvilleE and
Nashville and is dominated by Harrima n
Interests, will receive some Very material
concessions. That Illinois Central desires
a ma ority interest in Louisville and NASH
;.ilA is not general lily believed.