The evening world., 1905-12-06
M4LLSzREEZ
WEDNESDAY. Dec. q.

A0Ntfuo iHllutnCto lndt OTulldlil
INouid kill a bull market appear e
have no effect on the boom now Nndea
way. Oven the advance OF the call.
money rate 10 eighteen per cent. failed
lao check the speculative activity. The
briskness and broad character Of the
Trading to-day indicated that The gen
eral publtc Is In the market TO q con-
siderable extent. The professionals
have manipulated some Of the low
priced stocks 80 adroitly that many
wary lambs have been tempted 10 nib
BILE. The Vanderbilt stocks were strong
leaders Throughout the day, but tho
industrialsf were exceedingly popular
with the small spectators. Great nc.
uvity continues IN tho Southern iron
and steel shares and the controlling
pools evince no disposition to liou!date
A majority OF the shares OF Tennesses
Coal and Iron, It Is sa,d, have been
acquired by a syndicate headed by
John w Gates and Grant 3. scb,ev
according to well informed brokers
tais movement OF Tennessee Coal ana
Nlron Is purely speculative. The m,,,b
TAXED OF merger between this company
gnd sloss.shenield and Republic s,ss,
ND Iron, 1t Is now asserted bas hesn
abandoned. The Tennessee corpora,,on
Is making arrangements TO enlarge n.
plant so as 10 nearly double It's pro.
ducine capacity.
Inc trading in Reading stock has lam.
peenla Stock Exchange puzzle Tn,s
stock\ has been sold and resold ,,n,n
twentyltimes the total capital stock has
appareetly changed hands. II mas been
Known all along that a majority ., M
shares were locked up IN tho srong
boxes OF the vandeHbilts and me penr'
sy.vapia Railroad. Now che sto.emen,
Is made that Henry c. Frick has one.
nHn OF. al the Reading shares pu,
way In bis safe. This would leave hut
a small minority Of the stock for iha
pteadng specukatlve pool to operate
VIVA, and that this poo! has performed
wonders with the means at It's disposal
NOBODY can deny.
ere shares are slowly recovering fpo;n
me stump caused by the failure NJ tho
CINCINNATI. Hamilton and DAYTON deal
II Is the sentiment Of Wall street ina,
the Erie properly will be better on wifi.
ont the c, II. and d. because the E,is
was not sufficiently strong financially 10
make so costly a purchase. IEueene |
zimmerman, the former President OF lhe
Cincinnati, Hamilton and Dayton. II
quoted az saying This Is the story of
lhe sale OF the c. u. and ID. and Pere
Marquette: The Erie wanted the road
and was forced to put up Erie bonds 70
pay Ter Il. The public did not buy he
Eric bonds, ana the road had no money
with which 10 pay for the c. II. and ID.
1t teen went back TO Mr.. Morgan as a
natural consequence. II probibly made
ain, angry, but the Erie simply could
not pay for II and there was no other
way out OF IT,
The e.even point rise OF Nickel Plate
common within tae pas, tw1 days has
IN a nocR OF runorS THIS
raslrad-thc New Ysrk, Chicago and
st, lpuis1-s owned and operated BY the
Vandefbilts. but II Is the only Wander
BIZ, line that Is not included In the New
YoTi; & atrial system Beng A paralloH
HE TO the Lake Shore Il canrt1t, under
lle laws 81 ohio, be brought Into a
cCmAaadan Sith she Lake Shore. AL
majority OF its stock. hsHcyer, Is
owned ~ The Lake Shore. and one OF
he ramofs OF to-day u that the LIrka-
wanna Ia 10 ohare In this ownership.
A mother STICK Exchange report Is 10
effect that an Independent holding
company Is TO be formed BY Vanderbilt :.
interests "a take over the Nickel Plat, L
lake Eric and Western and the Big
-Four This report galnel considerably
.redence teca~e Of a sensational adj ,
,aroe in Lake Eric ana Western carly 4
n the div. Both tlle Nickel Plate and I
imqcased earnings for the current !
There was a great deal OF pront-tak- il
~ carly In the day, much N the sell
nj being for foreign account. London 4
SD about 5000 shares OF various p
toclts' Va the hrst hour After a slight =.
prices easily rallied and two :
II three new high records were made. :
'hr the greater part Of the day 1t was
hurrah market, the floor Of the big
room being crowded and each
.roup Of brokers outvieing the other IN
nthusiasn. When the Is per cent.
all money rate was %annouaced II was
with dcrislve cheers
Specialists IN Ma. i0nal Lead stock say
han The Cungenheim interests have Sc
rrci 1900 shares Of the common stock
{ this company ard that the chances
Z n mergey OF National Lead and
United Lead are better than ever be-
ore. The Guggenheims are known 10
Q IN favor OF such a merger, and tits
tated on good authority that a con-
ract ny w1ioh the American Smelling
viii supply the National Lead
with pig lead constitutes m
nporiant factor In the merger neyoti9-
Ions The United Lead Company Is al.
eady controlled by the same interests
lat dominate the American Smelling
'oinpany. Officers OF the last-aamcl
operation stu deny that Il will alb