Evening star., 1902-08-06
Continued Apathy Except in
Professional Circles.
LONDON ALSO LTFELESS
HARD COAL SHARES AFFECTED
BY THE STRIKE.
Industrial List Likely to Become More
Conspicuous in the Near
Future.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, August 6.-Today's stock
market was strong in tone in spite OF the
continued apathy in all but professional
circles. London was dull and void of fea-
ture, and little is to be expected from that
side until the coronation exercises are con-
cluded. Commission houses have little
business. and are expecting little. Pools
are guarding their speclalties and here
and there a professional short interest
helps to keep prices within a narrow range.
Any attempt to cover stocks forces an easy
rally in prices. and there is no evidence OF
any significant liquidation.
Some distribution OF long stock may have
been accomplished under cover Of the dull
ness. but it is hardly possible that such a
movement has reached the point Of In
fiuencing sentiment Pool selling In a dun
market means only temporary shifting
OF responsibility, and the stock SO sold goes
to traders and frequently returns 10 the
sellers the first time supporting orders are
sent In. Such a result has frequently been
recorded in connection with Missouri Pa
cific, every point added to the price bring
ing out professional holdings
In spite of this fact the stock named is
looked upon as one OF the best examples OF
pool success in the present market. That
the price acts as Il does is conclusive evil
dence that the pool is still thoroughly COM
mitted to the long side. The market Is
honeycombed with similar conditions in
other properties. The necessity OF making
a market is as great now as at any time
since the public disappeared from the trad
ing.
The Gould shares were again features OF
the market. Texas Pacific being advanced
under a good demand from the same pool
which has been active in Missouri Pacific.
St. Louis and Southwestern acted well, but
was not forced extensively. The buying OF
Atchison was said to be good in character
and both the common and preferred stocks
responded easily under the demand.
The crop conditions along the lines Of this
company are said to be all that could be
desired. and the prospects for an increased
dividend on the common shares are consid-
cred encouraging. The stock has a strong
pool working In il. and will be Kept c)n-
spicuous in every favorable market.
Southern issues were strong under a re-
vival of activity of a character similar to
the recent movements In that property.
Rumors of the road figuring In important
deals were again heard. but lacked con-
firmation.
The soft coal shares were strong under
mixed buying. the best results showing
In Norfolk and Western and Hooking VAL
ley. the latter especially.
What is regarded as crisis In the an
thracite coal strike now exists in the re-
gions in which the troops are stationed and
speculation in the hard coal shares WAS re-
stricted in consequence. The street expects
higher prices for this group as the result
OF conditions not directly connected with
the strike.
The Industrial list was a distinct feature
OF the days trading. and gave every indi-
cation of becoming more conspicuous in the
near future. American Sugar was ad-
vanced per cent during the opening hour
a considerable short interest helping the
advance. National Lead became active
after a period of neglect and advanced un-
der a good demand from sources close TO
the inside
The express companies were all stronger
and more active than at any time since
early summer The old rumor of consolida-
dation was revived in this connection The
buying Of Consolidated Gas was effective
and there was mixed demand OF consider
able proportions In Peoples Gas. Traction
stocks were irregular and reflected some
shifting of interest.