Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-04-08
Unexpected Strength in
Louisville and Nashville.
DUE TO THE SHORTS
OTHER SOUTHERN ROADS WERE
MARKED UP.
The Gould Group Was Prominent Be-
cause of Reports of Recent
Consolidation.
Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, April s-Encouraged by the
stronger tone Of the London market, OPEN
ing prices on this side reflected an improv-
ing tendency. Commission houses reported
little enthusiasm on the part Of clients. b4l
the aggressive tactics of the western con-
tingent inspired a following which materi-
ally assisted the advance in certain special
ties.
A good buying demand In Louisville and
Nashville attracted attention during the
opening hour, because of the steady accu-
mutation of stock in sources previously
noted as sellers. The street argued that
certain interests had gone heavily short Of
the stock, expecting to use the new issue
OF treasury stock for deliveries, but the lat
ter issue being unlisted was found unayail-
able. and forced buying of the old stock
followed Whatever the motive. the price
was easily forced up for a gain of about
per cent.
The activity in Nashville was utilized by
other southern interests to force attention
upon specialties in the same territory
Southern railway shares We're stronger
by reason of pool buying and several OF the
smaller properties gained fractionally.
wabash shares were firm as the result
OF what is regarded as an improving pros
pect for getting that system to the sea-
board, probably by way Of the Western
Maryland. This activity brought the en-
tire Gould group into prominence for a
time.
Pennsylvania gained strength during the
day under a demand said to have originated
In Philadelphia. Panhandle became unusu-
ally active during the afternoon as the re-
suit OF a sudden, erratic demand. The price
was advanced belond IS and dropped back
to 81 on sales OF two hundred shares and
later seemed to become steady around s7Iz
Rutland preferred, after several DAYS OF
neglect, was marked up about 1 per cent
by the pool, but attracted little new buy
ing.
A determined effort is being made to re-
cess In this property. Westinghouse Man.
ufacturing was strong and there was a
good tone in the Express stocks. Monon
issues were weak because of the uncer-
talnty on the subject Of dividend prospects
Amalgamated Copper was bought in
round amounts during the morning by
houses previously noted being among
the larger sellers. The buying served TO
hold the price steady and seemed to be
for inside account in spite of the fact that
doleful reports came from o1scial quarters
The meeting to act upon current diyi-
dends has been set for the 18th of the nres
ent month, and indications now point to
the presence in the city of a quorum Div
idend action is said to contemplate not
more than per cent, and some sentiment
In favor of lower rate is reported Ru-
mors OF the probable intentions of this
companys directors are of little value
since conditions at the hour of meeting will
govern. The Traction stocks were steady
to strong under mixed demand which
sprang up late in the day.
Money rates were firm around the recent
level, and no considerable shifting Of loans
was reported. The calling of loans by a
prominent national bank which figured so
conspicuously in yesterdays gossip proved
to have mad no foundation and was yigor-
ously denied today.