The evening world., 1902-08-06
News of Financier's
Home Coming Plans,
Gives Some Life to
the Market.
''L"HOLDS UP.
Threatened Strike Had Little
Effect on Transit Issue
Atchison, Reading, Network
Central, Pacific Show Well.

The professional element had entire
control OF to-day's market and neither
the commission houses nor the arbitrage
firms had orders enough 10 lift the bust
ness out of the professional nut.
London business was less thar 100"
shares, and it was about equally divided
between sales and purchases. 1t had
no effect upon the general tone.
To-day's opening was very narrow and
inside manipulation in many OF the ls-
sues failed to awaken interest in the
speculative group.
The announcement that j. Pierpont
Morgan would sail for home X
Wednesday had a good effect upon the
Steel issues and the railroad group In
which he Is dominant,
Morgan Ronds Gain.
So many affairs Of moment to bhe
financial world nave been held up for
. some months pending Mr., Morgan's alb
sence abroad. that 1t is confidently ex-
pected his arrival will mean a resump-
ton OF activity in many things.
Although Mr.. Morgan has apparently
failed to complete the organization of
his Atlantic Steamship T~rust-which
was the chief object of his trip abroad
It is believed that 1t will be in active
operation soon.
The chief gain to Wall Street from the
return of its biggest ~financier will be
the knowledge that things will move in
railroad circles as soon as pending llti-
CATION is disposed OF.
Among the Southern group technically
known as Morgan roads are half a
dozen lines. the stocks Of which have
hung in the balance for a long lime an
~ticipating the realization OF the project
for putting into practical effect In the
South the community OF interest plan.
Leaders on the List
Aside from the interest in the Morgan
issues. the leaders We're Atchison com
mon Inc Texas Pacific. The activity OF
the other Gould issues We're also
marked.
New York Central. Reading. UniOr
Pacific, Louisville n Nashville and
Southern Pacific were firm and plainly
demonstrated on every attack made
against them that the powers IN c'n
troll of the present movement are mi
Yet READY Tor lower prices.
Hooking Valley was especially strong
on reports of buying Off control oy
larger interest. In some quarters this
interest was said to be Erie, but ther,
was Forthcoming no tangible proof.
In the bond list Central Of Geo:gIi
led all other issues and tine demand fnl
1t vas urgent. m report of purchas,
\ by the st, Louis and San Francisco hat
been thoroughly exploded, but the bomb
were wanted for Investment purpos -.
Manhattan L. Holds Up.
! The reported trouble with Manhattan
!. engineers affected the stock 10 some eX
tent: and for a time 1t was weak. |
quickly recovered. however, and was "a
hrn as any member OF the industrial
group
In the foreign exchange market Sterl
ing was firm. with n good demand TIL
Shipment of 100000 In gold Tomorrow
has no direct bearing on the exchang
market. and was in no way affected b.
the prevailing rates.
Call money was quoted at . - ana
per cent, with most of the demand sup
o Piled AT the latter figure.
There was no change In time none,
rates and the market IN that rcsper
was only fairly active.