Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-07-02
Louisville and Nashville
Strong Again Today.
DEMAND FOR B. AND O.
BULL TIPS ON AMALGAMATEp
COPPER UNHEEDED.
Money Was Easier, Which Helped
to Give Strength at the
Close.
,cial Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, July 1.-The only featurs
OF the American department in the London
stock exchange today was a slight harden
Ing tendency, but business. as heretofore,
was very inactive.
In the local stock market speculation at
the opening was quiet. but prices. as a
rule continued to show firmness and In
NEST Instances fractional advances were
scored. In few issues there were TN
prorements extending to / per cent ana
more.
The weather map stul shows rain at
some of the western points while the
whole western area is reported partly
cloudy, but temperatures, as a rule, are
higher.
In the early dealings Louisville and
Nashville ana Baltimore and Ohio were the
strongest features. the former on small
sales advancing about per cent, while
the latter gained a little over ] per cent.
Rock Island gained a point, and the shares
OF the bituminous carrying roads showed
tendency toward Improvement on reports
OF greater activity in the soft coal trade
as consequence of the anthracite strike.
In the Gould group Texas and Pacific and
Missouri Pacific both gained fractonally
on small inside buying orders
Chicago and Eastern Illinois made fur
Their gain, the stock crossing pol, while
Illinois Central was firmer. There is said
TO be a contest for control I'm the former
stock, which may account for some OF the
extraordinary advance which has occurred
in this stock in the past week or ten days
The local traction shares were a little
more active and Manhattan and Brooklyn
Rapid Transit both gained fractioually
over yesterdays close. The latter COM
pany reported good earnings for May. ana
there is quiet talk of an upward movement
soon in this stock.
In the Industrial group the United States
Steel Issues were somewhat higher on the
excellent earnings. published today, for the
first half of the calendar fiscal year. Sugar
at the start was almost stationary, but a
little later on gained over / per cent.
Amalgamated Copper, Colorado Fuel and
Iron and Pressed Steel Car were all frac-
tionally higher.
The rumors that PENNSYLVANIA had not
signed contract with Postal Telegraph Com
pany, owing to the strong influence that
has been brought to bear on the railroad
company, did not find many believers, but
had the effect Of rallying Western Union
stock fractionally.
Anthracite dealers were neglected, but
prices held steady. There was no news on
the strike situation, and while there is
some inclination on the part of one or two
Individual operators to resume mining oper-
atoms, the larger operators are not disposed
to commence work again or changing their
plan of campaign at present.
The miners themselves, IL Is stated, show
a steadily increasing disposition to return
to work The Lehigh Valley and Central
ports on earnings yesterday.
call money rates were easier today, the
ruling figure being around 4 per cent This
fact had good deal to do with the firm
undertone of the market and made traders
feel little more bullsh, but the near ap-
proach of the three DAYS suspension of
business had a determining influence on
sentiment.
1t is stated that the money market is
rapidly resuming it's normal condition, and
II Is expected that the supply of funds Will
be abundant after next week, in the mean
time call rates are not expected to SO
above the legal figure. The subtreaslty
lost $4,000 to the banks yesterday but
since last Friday gained $4,000 from
them.
In the afternoon speculation there was a
continuation of the early strength in Louis
Vile and Nashville, and quite a sharp rally
in American Sugar Refining stock Colorado
Fuel and Iron and Amalgamated Copper
were also strong. There were a good many
bull tips out on the last named speciality
but insiders were still advising their friends
that the trade situation I'm the copper metal
was by no means satisfactory as surface
appearances Indicated
1t ought TO be remembered however,
that 1t was the same insiders who were SO
bullish on this stock about q year ago when
the price was above l3o AS against "a and
a fraction today.
Commission house business still continues
dull. and there are some good judges OF the
market who do not look for marked actiyt-
ty for some time to come yet; in fact they
say 1t Is likely to rule dull until we'll into
August, by which time the crop situation
should be pretty clear.