Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-20
FINANCE AND TRADE
Good Supporter Gould Shares
by Spectators.
COLORADO FUEL WEAK
BELIEF THAT NEXT DIVIDEND
WILL BE PASSED.
Tomorrow's Bank Statement Expected
to Show Gains From the
interior.
Special Dispatch to The Evening Star.

Special Dispatch 10 The Evening Star
NEW YORK. June 20.-The absence Of
pressure to sell stocks. at least TO the ex-
tent recorded yesterday. resulted in some
recovery in prices today. The volume OF
business decreased slightly. and the market
was disposed to work back toward the rut
from which the recent activity Of the west
ern contingent had lifted it. Commission
housesshad but little business. and traders
were disposed TO await some new hint OF
pool intention before following the manipu-
latfon in the specialties-
The price movement was irregular in net
results. but for the most part changes were
limited to small fractions.
The pool in Missouri Pacific was active
and gave the stock good support. CoBdi.
lions were not favorable to sharp advances
and the stock was merely held around los.
wabash issues were more active and higher
under a demand credited to good sources
Just how much Of the buying was inspired
by speculative Interest in the hope of at
tracing attention to the Gould group could
not be determined.
In some quarters the mere fact that
pennsylvania WAS steady WAS construed
into a theory that friction between that
property and Wabash had been overcome
Whatever may be the facts in this con-
nection the reasoning from the tape was
scarcely convincing
St. Paul was strong under fair buv!ng
In which Standard Oil brokers were con-
spicuous The price advanc very easily,
but there was no increase in the public
demand.
Union Pacific and Atchison were steady
under reduced dealings. Chicago and East
ern Illinois was advanced sharply under
narrow dealings, and resulted in the revival
of the old rumors relative TO a change i'm
control. For the most part the stocks OF
roads in the southwest showed a hesitating
tendency as the result of the unsettled crop
condition.
The period of uncertainty is approaching
anu all the crop roads may be relied UNION
to go through a variety of movements dur
ing the next six weeks.
The selling of Colorado Fuel was a fea-
ture Of the early market. as the result OF
rather positive rumors to the effect that
the current dividend might be passed
There Is a strong interest dema nding the
cessation Of dividends pending the compile
ton Of certain extensions which have kept
the property from operating at even a small
capacity.
better support and the street was inclined
to accept that fact an evidence of new
interest on the part of the Morgan firm
The Industrial list as whole was dull and
heavy.
The known movements OF money durin:,
the week indicate that the banss have
gained S2.fo0,0oo from the interior The
larger banks have increased their loans
however. and larger deposits requiring an
increased reserve. seem likely.
Money was easy all day. but there are in
dications that il will harden later I'm the
Der. Many delayed ventures will be push
ed to the front therefore during the mid
summer in the hope of getting In between
the active money periods.