Evening star., 1902-08-05
Dizziness a Prevailing Feature
of the Market.
GOULD SHARES STRONG
POOL INFLUENCES MANIFEST IN
CERTAIN RAILROAD SECURITIES.
Rumors as to Illinois Central That It
Will Figure in An I'm
portant Deal
The Evening Star.

Special DIspstch to The Evening Star.
NEW YORK. August 5-Dullness. with IN
undertone OF decided strength. character
lied today's trading at the stock exchange.
London sent over slightly higher range
of prices. but did little to relieve the local
dullness. There were no news develop
ments of any Importance. and prices held
steady under small dealings. The Gould
shares were mostly strong under buying
by the several pools in the low-prfced mem
bers OF the group. St. Louis and South
western shares were well bought. and pre-
dictions OF higher prices were generally
made.
An old pool in Texas Pacific gave eyi-
dence of new activity. and traders bought
into the property In the hope OF an early
resumption OF the advance. Missouri Pa
cifc was strong and weak by turns under
the influence OF the pool. but the impression
prevails that the experienced manipulation
in that property is only awaiting a fresh
opportunity for becoming aggressive. Atch-
ison was taken by interests closely iden-
titled with the property, but no effort was
made to force activity. ST. Paul was neg
lected. and Union Pacific was unusually
dull. Illinois Central was taken by strong
interests. but there was no news as to the
stock. There is a suspicion that the road
will figure I'm an important railway deal be-
fore the year Is out. but details are lacking
/ New York Central was strong under a
fair demand. and responded easily to the
buying. The Junior Nanderbllts were
steady. but without special feature. Penn
sylyania and the soft coal issues were
strong. the former road benefting by its
stockholdings in the latter group. The in
creased demand for soft coal has resulted
in large profits for the western Pennsylva-
MIA, Ohio and West Virginia roads and
some buying of those stocks has resulted.
The hard coal properties were strong at
times the result OF further progress
toward the resumption Of mining IN the
strike region.
Readings were taken in fair volume
throughout the day, and predictions Of an
early decision In the matter of the dividend
on the first preferred were made. The
action on this dividend Will be taken as an
indication of just where the control lies.
and will determine the position of Reading
IN the Gould plan for getting a footing on
the New York seabOard. Should Reading
pass from among the possibilities, Erie
may be considered but here, too. would be
the Morgan opposition and the material
for a hard contest. One way or another,
however. the hard coal stocks are almost
certain OF being well to the front Of any
activity which may be recorded later In
the season.
The traction shares were. dull and only
steady under mixed dealings OF a profess
silonal character. The industrial list was
steady, with here and there a fair inquiry
for the steel shares. especially the pre-
ferred shares of independent compa nies
This department is expected TO have its
day in court a part of the general
scheme for advancing prices
Money was easy all day around per
cent. but the best borrowing just now is In
time money carrying over the crop move
ment and the early fall settlements Final
prices We're irregular under small profess
sional dealings.