Evening star., 1902-04-24
FINANCE AND TRADE
Strong Undertone and Inn
proved Prices.
LONDON A BIG BUYER
EFFORT FOR HIGHER PRICES IN
GRAIN MARKET.
Brooklyn Rapid Transit Feature of the
Day-An Advance in Long
Island
LONDON A BIG BUYER
Specia, Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, April 24.-The covering Of
short contracts and the general belief that
the previous three days selling had i'm
proved the technical position of the stock
market resulted in strong undertsne and
improved prices.
London traded to the extent of 10000
shares, more than 10000 shares of which
were purchases. The western element were
reported to be working for higher prices i'm
the grain market and were said to have sold
the Granger stocks in the hope of helping
the former campaign.
The room took this view yesterday and
was short of stocks over night with the re-
suit that ii was forced to cover at higher
prices today in view of the strength in the
Specalties.
Union Pacific and Southern Pacific were
strong under buying of this character. Mis-
souri, Pacific also rallied for similar reas-
ons, but was helped by the better tone of
the Gould group inspired by the probable
success of the Fuller syndicate in securing
control of the Western Maryland a a sea-
board outlet for Wabash.
The latter issues were strong on this
prospect. both the common and preferred
stocks showing good raIiying ability.
Brooklyn Rapid Transit was the feature
of the day under liberal buying demand,
saiG to foreshadow an important and sharp
advance in that property.
"A TuInOT lnat tnlS company WOulu Dld
upon the construction of the East river
tunnel was revived and helped to inspire
confidence in the property. 1t was regarded
as somewhat significant that Long Island
advanced over 3 per cent under buying from
the same sources those most active in
Rapid Transit. There would seem to be
excellent reasons for connecting Pennsyl-
vania railroad with the plans upon which
so much of the future of both these prop
critics hinges. Consolidated Gas sold at the
highest prices since the May panic. and
Brooklyn Union advanced with il under
consolidation rumors.
United States Steel issues We're strong
under demand credited to inside interests
and based upon the disclosures to be made
in the circular which is now expected at
the end of the week. The extra $50Upo.ODo
In bonds may be for the purpose of ac-
qulrlng certain independent properties.
probably Tennessee Coal and Iron. Republic
Iron and Steel and Colorado Fuel
AS previously pointed out. all or any of
the properties could be utilized to advan-
tage by the United States Company. espe-
cially such of them producers of pig
IRON on large scale. Amalgamated Cop
per rallied under mixed buying said to be
due to better trade outlook. New Haven
made a new high record during the day.
but pool manipulation in Rutland preferred
forced the price down per cent but later
one-half of this loss was regained
Ihe market for Colorado Southern issues
was better than at any time in several
days. the new interest i'm the property show
ing renewed activity
The coal stocks We're steady to strong
but We're less active than at any time in
several days. Money was easy, and there
was fair supply in sight at all times
The market seems to be one of specialties
but with good trading qualifications and an
improving tendency.