The evening world., 1902-08-08
POOLS KEPT
STOCKS MOVING
Manipulation Evident
in Most of the Active
Issues in the Market
TO-DAY.

The manipulation OF half a dozen pools
IN es many different issues was the only
noticeable feature of the day.. STOCKS
that were thus handled made goou
records, put there were few
that were not inspired.
OF the various stories set amos to
belp along the m~anipulhtive tendency,
there were few that had any tangible
foundation.
Although, new high price levels were
scored in Louisville g. Nashville, they
were simply forced by the Gates con-
tingent.
IL was early demonstrated that the
L. q N. plan prepared by Morgan d co
has not yet been fully matured, and nat
II la be some time before the deal
whereby the control OF L. g. n. passes
from the Ions dominant interests 10 D.
p. Morgan is actually contaminated
Illinois Centrnps boom.
One OF the most interesting phases OF
the days situation was the strong ad-
vance in Illinois Central. This was
based upon the fairly credible report
that Edward H. Hartman and the In
t>rests In control had received positive
assurances from the Morgan people hat
the road would be taken into the new
southern Confederacy" of roads IN
Dixie.
Strenuous efforts we're made by the
Reading interests to promote a boom
in those Issues, and the positive state
ment was given out by way of Philadel-
mia that there would be the usual 2 per
cant. dividend declared on the first pre-
ferred stock.
The Ions dormant pool in Erie woke
IND to-day and stimulated sudden ac-
tvity in the stock, giving 1t the APP
pearance OF Q genuine revival based on
news Of early favorable developments
from the anthracite coal fields.
London's lower quotations lie not
affect the opening hero and for the frat
two hours there was a decidedly active
tcne.
The initial advances in the Gould
stocks were considerable, and Missouri
Pacific, Texas Pacific and Wabash were
very active. They failed to hold the
advance, however. and reoeded fraction
ally 10 q lower lsvel.
Commission orders Fair.
A fair supply Of oosnmiasion-houss
orders aided In stimulating activity
early, but this was soon exhausted and
the market was obliged to fall bach upon
the activities of the syndicates.
The Gates crowd was bulling South
srn Railway actively. and was likewise
credited with continued activity in
Louisville 81 Nashville, Illinois CsntraL,
A verv decided movement In docking
Valley was started on he theory that
the preferred stock would soon De re-
tired, but when the lively advance
brought, out some long stock the issue
settled down and became much slower;
Manhattan stock was better on the
generally growing BELIEF that the threat,
ened trouble between the officials and
the men will result in an amicable
The Ha wiley crowd was an active fac
tor In promoting a boom In Colorado a
Southern, n talked or even hlSIer
prices for the Issue.
More Gold May Go.
Only moderate Western buying OF the
Changers was noted. and the western
Contingent confined Its noisy activity
TO the Issues heretofore noted.
There was practically lfDtle demand
IN the industrial list put Steel re-
manned Arm at about The prices pro
val. ing yesterday. 90,
The money market was quiet. cal
money loans were negotiated at - and
3 per cent. and the demand was light.
Loans to tide over the holiday were
made for the most part at 8 per cent
Sterling exchange was strong and
higher, but dull. The supply OF bills
ordered was small. The gradual ad-
vance in the local sterling market has
led 10 the belief that next week will see
a resumption of gold exports.
They depend, however. upon the Paris
check raIe. 1t Is still at a high pro-
hibitive figure.