Evening star., 1902-08-19
Stocks Were Stronger Within
Narrow Limits.
DUE TO MONEY MARKET
POOLS GAVE GOOD SUPPORT TO
sPEcIALTIEs.
Western Railway Shares Particularly
Were Nearly All Advanced
by Cliques.

Special Dispatch TO The Evening Star.
NEW YORK, August 19.-The volume OF
business in today's stock market reflected
substantial improvement, but the character
of the trading remained unchanged. Trad
ers and the numerous cliques bid up prices
in several instances and met with substan-
tial success in a few OF the low-priced
shares. The collection OF small roads in the
west which seem destined to be taken over
by one of the larger trunk lines were all
marked up to new high levels under a de-
mand from the speculative pools
chicago and Great Western was advanced
under good volume Of business to within
per cent of the price at which the con-
troll of the road was said to have been Of
Tered few months ago. Now that some
longtime contracts have been made with
the lager packing houses in the middle
west. the price for control has been ad-
Vanced from 35 to 30. Considering the
roads capacity for unsettling rates. its
acquisition in the interest of harmony Is
regarded as being reasonably certain. Wis
consin Central was advanced under a some
what unusual volume OF business and re-
sponded easily.
Chicago Terminal issues were strong and
active, as the result of rumors relative to
the acquisition of new tenants to make up
Tor the coming removal of Lake Shore and
ROCK Island to their own terminal stations
Evansville and Terre Haute, st. Joseph and
Grand Island and similar issues were all
MAJ hSu up INTO new prominence. COLORADO
southern shares were stronger. and a eau
tious buying of Alton was reported both
properties showing revival of Gates buy
ing. The activity of the western element
was taken as an indication of an early re-
sumption of aggressiveness in the special
ties.
Louisville and Nashville was advanced
during the morning and was given splendid
support during the day. The Z per cent
guarantee is now accepted as a part Of tie
plan devised by Mr.. Morgan, but outside of
the professional element the stock attracts
little business. The buying OF Southern
was credited to sources interested in the
Nashville transaction, and the same party
was said to be accommodating Illinois Cen
trail around 169. Pennsylvania and Balti-
more and Ohio were strong under A good
demand and developments of some import
ance are expected in the latter at an early
date.
The hard coal issues were in better de-
mand and rumOrS of an early settlement
of the strike were again heard. 1t IS
doubtful If anything really new is being
done looking to a settlement of the labor
troubles, but the street believes that a
crisis is approaching and that mining will
be resumed earlier than is generally be-
lieved. Reading, Erie and Ontario and
Western reflected a fair demand and the
price responded easily in every instance.
Colorado Fuel was sold down during the
morning as the result of the contest now
going on In Denver for the control Of the
company. One rumor had It that the
yates party houIu loTte lhS hsullIls anu
finally insist upon receivership IL all otner
devices failed. Tennessee Coal and Iron
was strong under speculative demand,
and the United States Steel issues were
firm in tone. The industrial list was well
supported, but the bulk of the interest be-
ing already biased by previous commit
ments, centered upon the middle or low
priced railways.
The street is developing a belief that
there are numerous industrials which would
acquit themselves better under pressure
than many of the prevailing railroad favor
ties. Southern Pacific was advanced and
given splendid support by the Keene pool,
and Union Pacific was steady under a dis
interested demand from the inside. Money
ruled under per cent, and was responsible
for the improved sentiment.