New-York tribune., 1903-07-29
STRONG TILL LAST HOUR.
STOCK GAINS AND LOSSES.
Investment Buying Feature-Co"-
d;tiOn of Failed Firms.

The stock market yesterday showed satlslac-
tory strength until the last hour, when selilils
movement set in which partly wiped out the
earlier gains although at the close net advances
were recorded in a great many OF the stochS
traded in The day passed without the announce
unent of further failures, a circumstance "hlch
of course improved decidedly the tone Of the
market: but toward the close there seemed to
be revival of the now familiar rumor Of
houses in trouble" and some of the selling was
reported be that of collateral on loan which
was being closed out Such rumors were
afoat concerned only minor houses, and in no
case were definite. The reports disseminated so
industriously in the financial district and
through the West during the last two three
days as to the alleged instability of one of the
most conspcuos houses in the Street are de-
monstrably known to be without basis in fact
Investment buying was a feature of yester-
days market and short covering was again ex-
tensve. New-York Central was during a large
part of the day the market leader, and the
Street theory Of the cause for its activity was
that the Vanderbilts were increasing their hold
ings alarmed at the magnitude of the Stand
ard Oil investment in this great property of
late. The best opinion still is however. that
there is rivalry over the New-York Central
between the Vanderbilt and Standard Oil inter
ests.
Southern Pacific was another strong stock IN
this market, although sold heavily for London
account. The Taylor interest in Southern Pa
cifC, it is learned, is very small. Evans
vile and Terre Hautey advanced from 441a to 80
at the close, a net gain of points, a report,
subsequently confirmed, that the control of the
road was to pass to new interests. Two trans
actions in Colorado Fuel and Iron occurred. the
first 100 shares being sold at 4315 and the second
at "a, net gain of 119s points for the day. The
report revived that the company would
take the Utah Fuel Company.
Philip J. Britt, assignee for Talbot J. Taylor
& Co, spent much of his time yesterday at the
office of that firm and late in the afternoon de-
clared that the prospects Of the firms resum-
ing business in short time We're growing con-
Stantly brighter
rs there any truth in the rumor that truce
has been agreed upon between the Keene and
the Hartman interests?' Mr.. Britt was asked
Il know nothing Of any peace agreement or
negotiations in the Southern Pacific matter" he
answered.
Can you say yet what the liabilities Of the
firm are?"
Not yet"
DO you think that aside from what is due
Mr keene the an amount due to unsecured credit
ors will reach 100000. as has been stated?'
mo, l think the amount IS considerably less
than that"
In the office of w. L. Stow G. Co great conf
dence is felt that the firm resume before it
VIII become necessary for the assignee to make
a statement.
Daniel DE Wolf Viewer, the assignee, in a
petition for leave to file provisional bond so
that he might be in position to use the assets
in his hands for the best interests of the as
signed estate, yesterday fixed the value of the
stocks on hand and unpledged at $150OOO The
petition also stated that the cash amounted to
$29,42O. Justice Bischoff, of the Supreme Court
granted the petition and fixed the bond at
100000.
At the office of E S. Hooley & Co. It was said
late in the afternoon that statement could be
made by the assignee, Louis B. Rolston. within
two or three days