The Washington times., 1902-08-08
Federation Reports Re-
newed by increase
of Activity,
ST. PAUL TAKEN IN HAND
Rise in This Stock Not Without It's
Effect - Revival of Interest in BIZ
luminous Shares - Hooking Valley
Common Moves Up More Than Six
Points.

NEW YORK, Aug There was a
further increase in the volume of trad
ing in stocks today, owing chiefly to un-
usual activity in the shares of rail-
roads operating in the Southern States.
Louisville and Nashville led the list
in respect to activity. and scored a net
gain of 35s per cent. The transactions
in Southern Railway common were only
little smaller than those in Louisville
and Nashville. but the fluctuations in
it were extremely narrow. Illinois Cen
tral on dealings of over 10000 shares
rose over Y per cent
Renewal of Reports.
The speculation in these stocks re-
vived reports that were,current not long
ago of pending negotiations for a fed
Grafton of all the larger systems opera
ting in the Southern States.
Confirmation of these reports is un-
obtainable, except as furnished by the
stock tape. other railway stocks that
received a fair amount of attention were
Missouri Pacific, Texas Pacific, and At
Gibson common. The first named made
a display of strength early. yielded in
the late trading and closed IL per cent
lower than yesterday The market for
the other two followed in similar course,
except that net declines in them were
unimportant.
AS has been the case for some time
the bulk of the trading in all of these
stocks appeared to be largely of a pro-
fessional character. There was re-
vival of interest in the stocks of the BIZ
luminous coal-carrying roads, under the
lead Of Norfolk and Western, which en-
joyed a net advance of more than two
points. Chesapeake and Ohio gained
over a point, but the most pronounced
movement was in Hooking Valley issues.
the common advancing 6Ia and the pre-
ferred points.
A rise of TX points in Kanawha and
Michigan may properly be referred to
in treating of the bituminous group OF
stocks.
st. Paul Taken in Hand.
In the late dealings st. Paul was
taken in hand and the advance of more
than a point in that stock was not with
The strength of Pennsylvania on COM
paratively light dealings was also fea-
ture. Less active issues that rose sharp |
ly were Denver and Rio Grande, Iowa |
Central, 800" preferred. Nashville and |
Chattanooga, which advanced 10i4 |
points: the New York, Chicago and st.
Louis issues, and st. Louis Southwest
ern preferred.
On the purchase of 200 shares Bur-
1ington, Cedar Rapids and Northwestern
closed Is points higher than yesterday.
The industrial list was again neglected.
at least so far as the usually active
Issues are concerned. The heaviest trad
ing was In National Lead common, which
reacted 2 points from the highest price
closing little lower than yesterday.
The preferred stock, however, made q
net gain of nearly points.
The Improvement is attributed to the
progress making toward a combination
of all the lead producing and manufac-
turing interests, including those con-
trolled by the American Smelling and
Refining Company. Further punish
ment was administered to the shorts
in Peoples Gas, which, on moderate
transactions, rose to 1061a, and, at a
reaction OF point. closed fractionally
higher than yesterday. |
Selling of Manhattan.
There was some selling of Manhat- !
tan on fears that engineers may strike 7
and some suggested the theory that if
the company had trouble with its en-
ployes 1t might extend to the Gould sys- +
tenn of railways in the Southwest This
was the ostensible reason for the de-
cline is Missouri Pacific.
The dealings in bonds were somewhat
larger than yesterday, owing. as was
the cause then. to unusual activity IN {
Georgia Central issues, particularly the |
various classes of income bonds I
In the outside market the more i'm :
portant dealings were in Oregon Short
Line As. New Orleans Railway As. Rock ?,
sland As. New England Gas receipts, =
Virginia Coal and Coke SIS, and North y
ern Securities.