Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-07-14
FINANCE |! c: :. AND TRADE
"A M
e .sos
Prices Of Stocks Generally
We'll Maintained.
ROCK ISLAND STRONG
GOOD buYY5ae OF THE GOULD
%; STOCKS AGAIN.
III
Southern Pacific Was Rather Disap-
pointment to Its Friends
~ Today.


special Dispatch to The Evening Star.
NEW YORK, July 14.-Today's market
was active and in the main strong. Lon
don traded in some 10000 shares, about
evenly divided between purchases and sales.
Hood buying of st. Paul in the early deal
lngs stimulated trading in the general list.
but the demand was mostly professional.
Inc advance In the stock named was
thought to have been based on the crop
outlook and confidence as to the course of
the money market.
standard Oil interests were credited with
purchases in various parts of the list be-
cause OF the encouraging outlook for a
majority of routine conditions. Outside and
pool buying of Atchison was another en-
couragIng feature of the day, the price re-
spending easily. Splendid earnings and a
considerable short interest contributed to
the Improvement in these shares. Union
Pacific was strong under increased de-
inand. the convertible bonds advancing in
sympathy with the stock.
There was considerable disappointment
because of the slow response made by
Southern Pacific. Denver preferred gained
fun point on light trading. the stock
needing nothing more than an increased
inquiry to make it sell more nearly around
Its proper basis as per cent dividend
pennsylvania were strong, but were not
forced up materially. In the case of the
former price means little since any within of
the controlling interest may determine the
price.
AS to the two properties last named, f1uc-
tuations are not entirely the result Of ma
nlpuiation and progress is made slowly. Mis-
souri, Pacific was erratic, selling I'D in the
early trading and reacting suddenly for a
decline of l per cent Inside selling was
noted in considerable volume around ia,
but there was also a good demand near that
price. Gould activity In tho Wabash Issues
Is expected at an early date.
st. Louis and Southwestern was well
taken all day by Gould hackers and
rumors of a determination to advance those
issues were In circulation about the room
The coal stocks were strong but moth
ing new was disclosed in reference to the
strike Reading was bought by houses
closely allied to the management, and there
was a fair demand for the other hard coal
shares. $50,
The western pool was active in Colorado
Southern, : but, the prices gained fraction
| ally only-,- Kansas City Southern gained
moderately on small trading and there was
general disposition to expect greater ac-
tivity In the low-priced issues. In the in
dustrial list the trading was mixed IN char
acter and in the main professional.
steel SHARES held well. and there was
| some effort to- accumulate Pressed Steel
| Car. ropably IN the hope Of an early con-
solidationI with other car-building COM
pan1es. eAmalgamated Copper was heavy
under bear pressure, but there was some
| inclination to cover short stock around g.
money, was IN good supply and there was
| less concern on the subject of gold ship
ments.
During the last hour the prices for rail-
way shares advanced to record prices for
the dayrninden the leadership Of st. Paul
| and Atchison.
The sustained advances In these shares
encouraged some new buying in the gen
| erai ISL ana sentiment inclined IN
favor a, continuation of the rise. Several
stocks which were neglected earlier in the
day. notably Southern Pacific, came in for
increased activity and higher prices