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


Ir the v,rnacular 1t would he said that the
market IL al in the room" meaning that
II il largely in professional hands Com
mission houses are doing no business to
sneak OF Xc. Ut for sCmi- professional clients
The public Is not In the market NJ all FRI
DAYS rls" failed completely 10 stimulate
outside trading interest Special opinion
l. that it's likely to remain just traders
market for H." rest Of the year. with particular
movement in particular stocks but without
any concerted tendency OF values. Mean
while the room crowd is dependent upon it,
wits Two or three professional traders
select a stock which they think Is oversold
or onr the floating supply OF which appears
for the time to be very small and then 20 INTO
the crowd and bid II up furionsly for nm hour
or so Having got IL up several points the
problem IL to sell IL ont. That Ia usually
done through tho specialists. hut II needs
to 10 adroitly done else other traders VINO
are watching SHARPLY will suspect the truth
and raid the little pools market very
small thing will sometimes b"tray tho play.
and then the discounted ones 60 around
looking for n chance to even matters UP with
some other floor pool or 90 try again IN an
other stock-it's all N" same.
The Hooley crowd Il generally held re-
sponsible for any sharp fluctuations In Evans
willie and Terre llaute. and such fluctuations
az n rule mean nothing The stocks sudden
rise yesterday attracted but little attention
Room sentiment on brooklyn Rapid Transit
il rather bullish Traders bought II freely
in the short session Yesterday and found that
it moved up easily Manning was con-
sriCuous in the crowd. trading on both sides
Of the stock, but arrar,rtly buying on ba-
ance Nivns and Flower co took stock
on the advance The selling in the late
trading was scattered and probably arose
from a professional desire to secure small
profits Some of the specialists say that
n" amount of Broo klyn Rapid Transit float
ing around the street is much smaller than II
formerly was They have mn idea that out
- q" interests have been steadily AcCumulat-
ing the stock for som" time past Phln-
delphia interests are reported to have taken
y lot Of II on the recent decline. theory
that has long been entertained by some
well-informcd persons Is that control Of the
BROOKLYN Rapid Transit property eventually
will fall into PENNSYLVANIA Railroad hands,
and the Manhattan deal naturally has served
to siren Ithcn this belief
4 bull pool Is said to have been formed In
metropolitan 1t j. understood to be pro-
cceding on the theory that Metropolitan
ought to sell at least a. high as Manhattan.
Irrespective of the latt"r's subscription
gifts II ia argued that the fact of Metro
poitan's being how under a per cent. guar
antec whereas the Peterborough company
guarantee on Manhattan will not become
operative until 1905, ought to offset in favor
Of Metropolitan the forthC oming Manhattan
rights. II Il said that the pool has been
accommodating stock around 40 and is prepared
to take all that il on,rcd OF this level
Most traders are persuaded that the New
York Central will yet be found 20 have some
interest in the -lntcrborourh trans