Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-04-09
Louisville and Nashville Fea-
tured Again Today.
RUMOR OF A MERGER
SOUTHERN SAID TO BE BUYING
FOR CONTROL.
General Tone of the Market Was Bull.
ish - Western Contingent
Was Aggressive.


Special Dispatch to ThesEvening Star
NEW YORK, April 9-Opening prices
this morning were generally steady under a
fair volume of commission house business
The clique of western operators who have
been making the market for the last fort
night were aggressive in numerous special
ties, and pools in air parts of the market
showed signs of reviving confidence
however artificial the methods employed
may be, the surface indications pointed
clearly to broadening speculative tenden-
cy. 1t has become the custom to ridi-
Guile the market operations of a certain
Clique of recently created millionaires, but
the records made entitle these operators TO
quite as much credit as is willingly given
to lesser achievements on the part of the
older interests.
There is little really new In Wall street
methods, and the prosperity of the last
three years has merely enlarged the possi-
bHities and given to men familiar with pa Isl
history the financial capacity for turning
their knowledge to account. The older in
terests have been working along new lines
mainly in the interest of the community of
ownership plan. and have encountered such
an array of legal difficulties as to monopo-
lie their time in effort to right them
selves.
During this time the new men have come
into the control of the speculative machin-
cry and 1t is to their credit that they have
sought In every instance to sustain prices
instead or adding to the annoyances of the
recognized leaders of the financial COM
munlty. Partly in recognition of such SER
vices, men who speculate in the market
nave been taken into the confidence of the
men who build up big enterprises and have
been almost equally adroit in the handling
of day to day conditions.
Inc western contingent is not only paw
ing once rent for majority of Wall street
brokers', but is guarding the market while
It's real friends are otherwise engaged
Louisville and Nashville was a feature of
toudy STOCK market as the result of two
interesting rumors, one to the effect that
Messrs. Morgan & Company were buying
LOT control in the Interest of the Southern
railway: the other promised an increased
dividend.
The stock advanced over 4 per cent and
went into strong houses. Yesterday this
movement was put down to the Gates party
ana was thought to have no substance
Inc buying of Southern railway, COM
mon and preferred, was upon a large scat
and was of the best.
Southern Pacific showed some signs oil
new life, and there was a steady undertone
In I mon Pacific and Atchison.
Inc Gould stocks were stronger round
amounts of Missouri Pacific and Wabash
ngurlng prominently on the tape The
several lowpriced members of this group
renected an improved demand
westinghouse scored another substantial
advance, and rumors of a consoIida tjnn
with General Electric were revived ANAL
gamated Copper halted, and there was lit
class. 49,
Money was firm getting up to per cent
during the last hour, but little heed was
paid TO this temporary condition