Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-07-05
FINANCE AND TRADE
Speculation Generally Beneficial to
Values.
COVERING OF SHORT CONTRACTS
Conditions and Prospects Encour-
aging.
GENERAL MARKET REPORTS
pecial Dispatch to the Evening Star.

Special Dispatch to the Evening Star
NEW YORK. July 5.-The trading in to-
days market was Of the usual holiday
character, but was in a majority Of in
stances. beneficial to values. The covering
OF short contracts and encouraging crop
reports were the operative motives behind
the Improvement. Actual conditions and
prospects are decidedly encouraging, and
VII sooner or later triumph over the pro-
lesslonal movement in the interest of de-
preston. The Granger shares were the
features Of the railroad list substantial
gains being recorded on a relatively good
volume of business. Private advices from
the agricultural districts throughout the
west report a favorable crop outlook, a
condition substantiated by railroad officials
in that section.
The successful harvesting Of the corn
crop, on which Burlngton's earnings are
particularly dependent, will continue In
doubt for at least two weeks more, per-
maps three, but should this period be safely
passed, future estimates will be based on
prospects almost certain of realization
Pending definite information of this char
acter and during the period Of crop uncsr-
tainty, the movements of values are liable
TO be confined within narrow limits
Professional attacks by the room element
VIII follow closely upon all rallies outside
or the specialtieS to which no general state
ment of speculative conditions is applicable,
put the conservative operator trading on
value, will recognize the profitable features
OF purchases at the declines thus aru-
flcially produced.
Sugar was again a feature of the days
trading. selling up 2 per cent from first
prices on a good buying demand, resulting
from an increased inquiry for the refined
product The larger interests in this prop
erty are confident of much higher prices,
out are strongly opposed to repetition of
the last upward movement, to which an
undesirable following was attracted.
Powerful manipulation from the inside
and recollections of the last fortnights
events may combine in warding off mis-
guided enthusiasm during the process Of
recovery.
the first hour, but recovered sharply for a
net gain of Is per cent on purchases for
both accounts. The stock finds little sup
port on rallies, however and Yields ca sIiy
| to selling of any description.
The higher prices recorded at the close
of the noon hour were consequently only
temporary. The selling during the after
noon was accompanied by rumors that
Robert T. Lincoln. presiden. of the COM
panies, had rendered his resignat ton.
The periodic disturbances incident to
changes in management will again have
to be gone through with before the actual
merit of this corporation can be accurately
gagged.
Distillers was marked up I per cent as
the result of revival of faith in the sue
cessful outcome = of its reorganiza ton
scheme.
Among the specialties in which activity
Is promised to follow favorable develop
iheitS Is southern railroad preferred, q
stock controlled by interests perfectly
familiar with the method of making the
most of any given situation. The earnings
of the property for the month of June re-
fleet an increase of s41 900. The street is of
the opinion that liberal amount of long
stock has recently changed hands, and
that, except in a few instances, values
We're not materially disturbed.
The natural conclusion is therefore, that
something more than sentiment underlies
the present speculative situation.