The Montgomery advertiser., 1902-04-12
STOCK. WILL BB LOANED
Gates Has No New Rumors to Brighten SpeculatoFs.
1othschild Gables That He Knows Nothing of Negotiations Dstwss4 ~ J. F. Morgan and the Louis.
 vile and Nashvills o.

New York, April 1t.-(special->-The Gates contingent found no new sterfse to put out today regarding their Louis ville and Nashville coup. and Wall strsets therefore. had no rumors of new cen trolling forces in the uanagement ot the read or of influential baukeras eat eV west, acting in cooperation with 14ls Gates. Instead. there we're positive An1 authoritative dsi1iais of all the stestao sirculated yesterday. and rrsGaaen& x1D- pier of the Stock 1Exehanges sznsunAMe that there would be no s'corners~ snes- much as an ample supply of steck vse available for borrowers.
 From Chicago came reiterauon o1 tns denial made by John J. Mitchell ssss week when his name was frat counscxea with Mfr. Gates's in the Louisville ana Nashville matter. It was added that Mir. Mitchell has never had financial transaction with MT. Gates in his life. .
 Between all the deniais. .Louisvtrls and Nashville stock had . skyrocket time cT 1t today. It opened with sales of 11ooe shares at 1ls. dropped quickly ste ns sl-s and then climbed upward again ae . xsp>a rate. touching 12e 6-s a tts highest point
 No Corner Possible.
 At this time a feeling of uncertainty began to spread around the board room and President Keppier felt 1t his duty to make the announcement tAas no cor- ner' was possible. The stock at once dropped to 12o, at which price 1t was queted at 2:S0 o'clock.
 It was currently reported in Wall Street that q private conference was held last evening between the Stock ExchanEe Governing Committee and persons alleged to be interested in tho Louisville and NashSilie manipulation at which as- surances were given that no attempt to "corner" the stock. would be madcs 1T was also said that Mir. Gates had organized a $5e0o0,0oo syndicate to stand with him in the operation.
 The general market showed much im- provement over yesterday.
 Among the rumors current on the street today relative to the causes for the ad- vance of Louisville and Nashville was one that the buying of the stock was Tor the account of the Pennsylvania Raii- road, The origin of the rumor could not be traced and no definite basis for such A report could be found. August Bel. mont was asked about 1t, but refused to discuss it. He said 'I have nothing to say about this rumor or any other ana l have no statement to make now ana shall not make any.
 J. &. Bachs & Co., of this city. csbled to Messrs Rothschild. London. this morning, as follows:
 we hear control of Louisville secured by Morgan, who bought your holdings at 115. Can you confirm or deny.
 They received the following replyi
 eve have received your telegram We know absoIuetIy nothing about reported negotiations between Morgan and Isouis- vile company. hotnschild-
 It was said this afternoon that one Broad Stret House had accumulated "a line of more than 20O.oo0 shares of the stock. It was also said that this stock would be taken up and carried with ths aid of setrIing loans. and so the local money market would not be disturbed