Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-07-25
Pool Buying Advanced Stocks
Again Today
WITH FEW EXCEPTIONS
COAL STOCKS WERE DULL AND
NEGLECTED.
The Changers and Southwestern Group
Were the Features of the
Market.

Special Dispatch TO The Evening Star
NEW YORK. July 25.-The irregularity
and depression noted at the close Of yester-
days stock market were not carried over
INTO todays speculation. further substan-
tial advances being recorded In the special
ties In consequence. London traded moder-
ately on both sides OF the market, but for
eisn operations did not reach significant
proportions
Realizing sales were numerous through
out the morning. but these evidences OF
good buying In certain quarters and the
tone OF the general market was firm.
Rock Island sold of from Yesterdays
prices as the result OF an announcement
that the new plans provided for holding
company and an issue of new securities. In
Guiding both stock and bonds. This vague
announcement met with an unfavorable
reception, and a few speculative holdings
We're sold. The pool paid well for the stock
offered. 196 being about the average for
the morning. st. Paul was advanced
Sharply after lower opening but a good
volume OF stock came out on the rise
Illinois Central was opened up and given
good support al day by pool organized
several weeks ago.
In view of the high prfces for the he, tor
western roads Illinois Central is regarded
as having value not yet exhausted Missouri
Pacific was marked up above 11s under
poor operations, and the lower priced Gould
railroads. were also well bought. Western
Union was depressed 3 per cent rather
violently at one time during the morning
put support was sent In aid the bulk of the
loss on the decline was restored
This episode again recalled the friction
with Pennsylvania and was the subject OF
much comment. The stock last named raj
iied easily for a gain OF ] per cent and
its ally, New York Central was one OF
the leading fearu M he da,.' ,aif,
trading was confined largely to the high
priced railroads and numerous low-priced
shares were neglected.
Atchlson Issues were taken up early In
the AFTERNOON and again responded easily
Tor sharp advances from the opening level
Inc common stock is favorite with
commission house clients, and there is
widespread confidence that the pool ann
bition to make it sell where Union Pa cific
Is now selling will be realized Good crons
would undoubtedly make the effort a cam
paratively easy one.
Union Pacific was in good supply around
no. and but little effort was made 10 ad
vance the preferred stock or the converts
BILE bonds
The latter were in good supply all dav.
Inc coal stocks Were dull and neglected
but in some quarters willingness 10 ric,,
lhem up on concessions was reported
heading, Erie and Ontario and Western
round fair market, but were not eonspic-
uous IN the trading. An official of the lat
yer ROAD was quoted as predicting a decided
break in the coal strike by the middle of
next month. Mr.. Morgan's return may he
utilized for some demonstration marketwise
ana the Coal shares may be selected for
the purpose.
The roads included in the Southern Sc
curities Company are being watched also
because of plans which may mature sud
denly after Mr.. Morgans arrival The in
dustrial list was steady and there are rea-
sons for believing that speculation will
shlft TO that department before long
Inc banks have gained about a million
dollars in cash for the week, according TO
the known movements of money an
amount considerably in excess of mid week
expectations The gain has been made
through the subtreasury Recent indica
tons OF this character have failed to find
reflection in the bank statement. and the
present instance may be no exception, Tho
closing was dull and under the best prices
o. the day. r.