Evening star., 1897-06-09
Lower Prices Prevailed on New York
Stock Board Today.
OFFERINGS, HOWEVER, WERE Low
There Was an Entire Absence of
Stocks Seeking Market.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK. June Slower prices in
London. due to the disinterestedness Incl
dent to the regular fortnightly settlements
Were generally duplicated in the local
market this morning. The selling was not
important at any time and fractional de-
eliEes only were recorded.
the willingness to buy the better class of
securlues continues to manifest itself from
time to time, particularly during profit-tak-
ing periods. The fractional declines which
are recorded at occasional intervals are
no longer construed into adverse argu-
ments. Instead. they are regarded as spe-
ciai Inducements to participation In an
improving situation
Efforts were made by the professional
chque to force down tire price OF the grain
carrying roads on reIorted unsatisfactory
crop conditions
The government crop report. due after
The close of business tomorrow is NOT pan
efaily expected to confirm such reports
concessions throughout the group partic-
uiaIly Interested were, consequently. not
permanent
Rock Island and Northwest were given
the preference, however in the now buy-
ing instead of Burlington as heretofore.
A new group of securities is now expected
10 come forward as features Of primary In
terest. namely, the properties in the more
advanced st: ges Of reorganization. Mr.
Morgan's return from Europe furnishes
the OASIS Tor this expectation. as his re-
cent stay abroad is said to have been at
tended with encouraging results
The securities In which the ;,rospacts for
Special market attention seem most en-
couragtng are Reading and Northern Pa
enc The advance today in the proper.i les
tanned was credited to the Operations of
hcuseS most intimate with the plan for i'm
proving the general standing of the var
ious securities involved
Inc market as whole reflects an almost
entire absence of stocks seeking a market.
This fact is particularly significant in view
OF the unmisGikable evidences of an in
creaSing demand
June earnings. If as satisfactory at the
end OF the month as they now are at the
beginning. will be the direct incentive TO
improvement of a substantial character
The fears of gold exports are not alarm
ing, and this, with the possibilities of the
CUBAN situation. are admittedly the only
visible sources of evil.
American Sugar was again a feature OF
unusual interest, the opening price being
curtailed l per cent on sales of a. 900 shares
From this low level the price was forced
up sharply under confident buying to la3%.
and was held steadily within / per cent
of that level during The subsequent trading
The regular quarterly dividends of ; per
cent on the common and l.. on the pre-
ferTed were announced during the morning
Rutnors of satisfactory termination OF
the suit against the American Tobacco
Company were followed by a substantial
rise in the price of the shares of that COM
i'any.
Chicago Gas was given good support,
Notwithstanding the probable sanctioning
of a rival at tomorrow nights session of
the city aldermen. The closing hour yas
the most satisfactory OF the tiay. prices
during this period being the best recently
recorded fcr the mo-e prominent issues.