The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-11-30

| This information was pretty positive and
| found credence among traders who were
| aware of its source.

MS lnlpI inh'lou WhS b''N ioT'N'N ohu
found credence among traders who were
aware of its source.
Speculative information has been re-
crived here from Chicago, Boston and other
out flown sources urging the purchase OF
Swift 4 Co stock There is no trading in
II here. but there is a market for il In Boston
The bullish talk is based. OF course. upon the
prospects of the beef combine deal going
through Ofthis there l. said to have been no
serious doubt at any time notwithstanding
the La Sale street story OF u week ago de-
claring that the project had been dropped
II il mentioned vaguely that the deal will
make Swift 4 Co stock worth something like
$50 II i, now selling around l?i.
In the stock loan crowd yesterday there
was a particular demand for Louisville and
Nashville. indicating that professional traders
had been selling it short In Fridays session.
There was also a fairly active demand for
Union Pacific and Canadian Pacific. but
those were still offered Gbundantly. The
prevailing rate Of interest was per cent
The new rule of early closing on saturdays
was observed yesterday by the London stock
Exchange, something at the expense Of ar
btrage trading The House" was closed
before the opening OF this market London's
closing prices for Americans" ranged from
:. to u. per cent below New York parity.
luf tNNltlllf was III loul-NHic NhSHNhic
which closed there at 1881, as compared with
New York's final quotation Of 1904 Friday
evening.
Manning bought Sugar up to almost the
top. taking stock at 1919. and 1922. Carlisle
also bought on the early rise. Frank Savin.
who helped to advance the stock in Fridays
session. was a seller yesterday. Boston
interests have been buying both Sugar and
Amalgamated Copper on moderate scale.
Tho weakness of Rock Island issues
| especially the common stock was n matter
OF comment among traders, some OF whom
feared that the Moore party had decided that
the present is not a rropit ious time for a
bull campaign Davis sold bout 4 600 shares
OF the common stock and Lester was also a
heavy seller, Lester is supposed to have
Moore party, Hollistor Babcock. who
also are supposed to represent inside inter-
csts. we re the principal buyers.
Ever since the Manhattan terborough
| deal was officially announced Missouri Pa
| cifc now the private stock of the Gould
| group. has been the subject Of wonderful
| rumors from out OF tho room. without
+! advan cling any definite authority for IL some
| fairly astute observers give the opinion that
! the Goulds propose to do with their other
| properties az they have done with Man
| haitian, / e. arrange such disposition of them
| AS will relieve themselves of the details o
| active mana cement, One story IL that the
| Missouri Pacific system will be financed into
| q holding company. but that Missouri Pacific
| stock FIRST will he advanced to u permanent "
| level around 1850. Another report is that
| there will be new Missouri Pacific Com
| pany issuing common and preferred stock
| None OF this talk IL invested with any repu-
| table authority. but speculative sentiment
| on Missouri Pacific appears to have been
| bullishly Influenced thereby.
| Professional market critics were reminded
yesterday. somewhat tardily. perhaps. that
in tie session Immediately following Thanks
giving Day is often seen the highest level
| OF prices for the remainder OF the year. A
| little bulge In prices the day after Thanks
! giving. they say. may easily be explain ed
/ on psychological grounds, like a bad weather
| market, whereas December naturally is a
month wherein the bull works st = dissd-