Evening star., 1902-08-07
FINANCE AND TRADE
The Opening Hour Unusually
Spirited.
PRICES WERE SENT UP
GOULD SHARES DEPRESSED BY
RUMoRS.
Possible Strikes Unless Demands Of
PRICES WERE SENT UP
Possible Strikes Unless Demands Of
Manhattan Il" Engineers
Are Granted.
Special pIsratcs TO The Evening star

Special Dspatcs TO The Evening Star.
NEW YORK. August Trading was
more spirited than usual during the OPEN
ing hour this morning. and some substan-
tial addition 10 prices were recorded Lon
don sent over higher range OF prices. and
several prominent western operators were
in town TO help the market cut OF the rut
into which it had fallen.
The Gould shares were active but felt tho
effects Of rumors predicting a possible
strike along the lines OF the several proper
ties included in that system. unless the de-
mands OF the Manhattan Elevated engi-
neers are complied with. Profit taking In
MISSOURI Pacific was conspicuous, and no
MAJ material ~ progress was made in st. Louis
ana southwestern shares.
Texas Pacific met considerab bic long stock
on the rises, but later was bid up to the
pest level on this movement. The several
pools In this group Were inclined to make
llsht OF the strike talk, but were embar-
raised by the dribbings OF speculative
holdings which accompanied the reports.
The best buying of the DAY went !n.o
southern issues, Louisville and Nashville
southern common and the various issues
concerned IN the expected consolida tions IN
that territory advancing easily under
good demand from the Gates party and the
banking interests.
Rumors that the transaction between
Mr.. Gates and Mr.. Morgan growing out OF
the Louisville and Nashville episode would
be completed upon the return of the latter
helped the movement in the uthern
group. Illinois Central was well taken nv
INSIDERS. and predictions OF subst antially
higher prices were made. The rights 10
pe issued on the property should make the
STOCK attractive, splendid earnings being
ADDED TO the merits of the advance
Atchison was strong for time. being
taken by London and commission houses on
lhe good crop news. The coal stocks
Reading In particular showed more signs
OF actual selling. than a Of
date. Strike losses were urged in explana-
uon OF the selling. and there was also some
confusion growing out OF the reported post
ponement of action the dissolution of
me voting trust. Reading cannot recede
lar. however. in view Of the numerous In
terests who are willing to buy at the first
sign or securing foothold in that prop
erty.
The soft coal shares were strong under
good buying and late in the day Pennsyl-
Nania and Baltimore and Ohio were added
TO the advance. Interesting DEVELOPMENTS
are expected in the last named property
ana there are good reasons for expecting
the price to be well supported for time
The soft coal roads are making money upon
an unprecedented scale and Pennsylvania
is profiting by its holdings in them.
The coal roads can be made to fall in as
leaders while the western roads await re
turns from the crops and IL is not unlikely
that today's activity will be continued as
opportunity offers. The western party has
figured in recent buying in this group so
there is that following to be counted upon
IN exploiting any good news which may
develop. The buying of National Lead
was resumed and new high level for that
stock recorded, but the industrial list as a
whole was without special feature. Peo-
pies Gas was strong during the morning
but the fractions Were depressed by the
prospects of strike on Manhattan Closing
prices were irregular, but the tone of the
market was firm