Evening star., 1902-08-14
Bulls Had Best of Stock
Market.
SPECIALTIES ADVANCE
GOSSIP CONCERNING THE /. ANp
N. COMBINATION.
Return of j. Pierpont Morgan Looked
Forward to With Hopefulness
by Western Clique.

Special Dispatch 10 The Evening Star.
NEW YORK. August l4.-Today's stoch
market was generally firm In tone under a
fair volume OF professional business Lon
don sent over a higher range OF prices and
foreign houses were moderate buyers I'm
this market
Routine news was OF favorable charac-
ter and advantage was taken of the lack
of pressure to force prices up in all spc-
cialties. Missouri Pacific was taken In
round amounts up to a new high level. and
Texas Pacific crossed 81 under buying in
which manipulation was not lacking.
Western Union was advanced stu fur
ther, and rumors of an aggressive cam
paign against the short interest were
heard. Wabash issues were strong. and
the somewhat familiar spectacle OF Gould
leadership was again in evidence.
The western party are behind this activ-
iiy. as well as the inside faction, and good
results have been assured by the narmo-
nious cooperation of the two interests
Louisville and Nashville Seaboard Air
Line and Southern were active in antici-
patton of a definite announcement as to
their new relations shortly after Mr. Nor
gan's return next week. The idea that the
first named property will be taken over bv
the Seaboard or Jointly with the Atlantic
Coast Line and substantial dividends guar
anteed has taken hold in certain quarters
II is hoped that there may be enough incen-
tive In the announcement to stimulate aC-
tiVity In the general list. The high-priced
shares were steady and some good buying
was reported in them.
Developments Of Importance are expected
III Illinois Central and the stock Is being
bought by commission houses in anticipa-
ton OF a sharp advance.
Chicago and Great Western continues to
attract attention, as II is evident that the
original option on the control at 81 is now
regarded as having been entirely too low
The capacity of this property for demoral-
izing rates and generally confusing the
plans OF its competitors is the basis of
much of its value.
In the general amalgamation scheme a
place will undoubtedly be made for 1t large
ly with the intention of eliminating n
breeder of strife. The reasons for expecting
action in the property are superior TO those
advocated elsewhere and combines neces-
sity with business shrewdness.
Southern Pacific was vigorously bought
by the pool in the property and some sig
nlhcance between this movement and the
fact that Mr.. keene will sail for home to-
morrow was thought to exist
Union Pacific responded slightly to the
advance in its controlled property, but
there was little vigor to the latter move
ment. These Pacific issues have been ne
elected to some extent, and are thought to
possess fair amount Of value upon which
to resume pool buying
Atchison issues were strong and advanced
under fair volume of trading. The in
side party continues confident of the IN
creasing merit Of the property.
The industrial list was firm, with the
steel issues notably strong under an in
creased volume of business. Good earn
ings in the steel and iron industries were
credited with having inspired the new de-
mand.
The coal stocks were irregular under
good trading, and the hope is expressed
that Mr.. Morgan will find a way to settle
the coal strike.
The money market ruled at 32z TO 4 per
cent, and there was less concern over fits
Immediate future. The west gives some
Indication already of needing less than was
originally expected. Market results for
the day were generally satisfactory.