Evening star., 1902-04-11
More Activity in Louisville
and Nashville.
FEARS OF A CORNER
PEACE NEGOTIATIONS HELPED
THE LONDON MARKET.
Amalgamated Copper Took Turn Up
ward at Close of the
Session
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 11.-Improved senti-
ment in London as the result of the peace ne
gotiations in South Africa had a decided in
fluence on the tone of the security markets
at that center. Louisville and Nashville
was a marked exception to the general ten
dency of the foreign markets. selling equal
to 115a4. or nearly per cent under the
closing level of yesterday. In the local
market fears of a corner had given way
to more rational view and the price ad-
vanced 1 per cent beyond yesterdays high
level without causing serious concern.
Later in the day Nashville reacted over 4
per cent and the general market reacted in
sympathy and recovered again during the
last hour in sympathy with the new
strength in Nashville. There is story in
the street that a short interest of 10000
shares exists in the stock named and that
brokers in position to lend stock have re-
fused to do so because of a lack of SYM
pathy with the interest in question.
AS an offset to his position Mr.. Gates is
reported to have offered stock for delivery
purposes, thereby preventing alarm on the
subject of a disastrous squeezing of the
short interest. Brokers were not anxious,
man of them being unwilling rather, to ac-
cept commissions in Nashville until the
technical condition of the stock should be
more clearly determined
Southern railway issues were strong and
weak by turns. but the movements were
regarded as being of little consequence.
The government crop report was moder
ately satisfactory. and no significant selling
was based thereon. On the contrary, there
was fair demand for certain southwestern
properties because of official reports show
ing splendid condition.
The Atc.lison and Texas Pacific lines are
said to be assured of a good crop tonnage
q nd of af,to do at-a1n u,
consequence. St. Paul moved about with
considerable irregularity, but was given
good support on all concessions. Union
Pacific was supplied on every rise, and
Southern Pacific was only steady under pool
support.
a covering movement in AmaIgamated
Copper was feature of the afternoon S
market, an advance of per cent following
the demand. All sorts of rumors relative to
dividends were heard, most of them dis
couraging, but slightly better demand for
the metal helped to offset the doleful inter-
views of inside interests
The Steel stocks were heavy. under a fai
volume of business, and some interest was
credited with marketing long stock. The
industrial list as a whole lacked snap, and
was easily depressed by profit taking
The weeks known movements of money
indicate that while the banks have been
losing to the subtreasury they have nearly
If not quite offset such losses by receipts
from the interior. Downtown banks have
there is a prospect for a fair bank state
ment tomorrow.
Money was steady, but around 51s and
6 per cent there was abundant offerings
during the morning. Public interest in
speculation continues at a low ebb and
conservative brokers are disposed TO go
slow for time. The money market and
the crops are to continue dominant influ-
ences in the public mind but prices are
largely in the hands of the western opera
tors. There will be handsome profits for
the latter should the public shake off its
mistrust of the conditions named