Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-06-19
Realizing Sale Causes Prices to Fall
Of on Wall Street.
fHE DECLINES WERE NOT SERIOUS
American Sugar and the Granger
Shares Were Worst Sufferers.
GENERAL MARKET REPORT;

special Dispatch to The Evening Star
NEW YORK, June Ig-openin- nric.s
TINS morning were generally steady around
last nights closing level Foreign hopses
did practically nothing the queens jubile.
being for the time superior TO all other
considerations
'FRONT.' taking was again noticeable IN
nearly all parts OF the list. and az a result
OF TINS selling the market shaded on und.r
the cover of extreme dullness
NO sales of especial significance were re.
corded anywhere except in Sugar TIL,
shares OF this property were depressed IL
pei cent under almost continuous realizing
mere was no special news to influence this
ACTON, the future prospects of the com
pany being unusually bright
IN almost all speculative circles a new
niSh ieNei Is expected to be recorded dur-
ing the present season.
Northern Pacific preferred yielded TO sell.
ing Ior the same account, a house largely
responsible for the recent advance haxiny
begun to reduce the profits of the ,anc in
TO actual possession.
Ire Granger shares as a class reflect the
chanSe IN sentiment TO a more encouraging
extent than any other groilp of conserve
tive securities. The earnings az roads
operating i'll the agricul- ural districts are
showing almost constant iniproypment and
this TACT Very Justly attracts especial al
tention at this period Of predicted financial
Improvement
indications point to the outflow of n con-
siderable volume of gold by next Tues
DAY $ steamers. These movements have
not as Yet attracted any serious comment
ana Ii as quite possible that the effort to
influence prices on this account will prove
unDrofit able.
The absence of really discouraging news
Is negative argument of considerable
weight in the present situation. Positiy.
EVIDENCES OF prosperity are abundantIy
p:edictea. but the tangible margin If
reality ~ small. But as there is no really
fearful event directly ahead. routine news
IL almost invariably construed into an III
cent1ve toward improvement
This weeks market has given repeated
exhibitions of confidence: new high prices
nave been made. and in many Instances
maintained. The ability to absorb securities
and the absence Of liquidation. except where
prohts are shown, have become demon
Strated facts. Reactions for slight or per-
1ectly natural causes should consequently
attract new purchasers.
The tariff debate may he limited 10 an
actual. fixed day, in the near future and
TINS action will Invite speculative dem
cnstrdtfon of APPROVAL Washington, il ia
thouSht. is shaping events I'm the interest
ot improvement. London must be Impress
ed by INABILITY to get along over her holi-
days. and prices are likely to lie advanced
On this account. II for no more legitimate
reason.
The weekly bank statement shows an
encouraging demand for money the loans
having been increased s. ST. 100 during the
week. Some of this money has come into
the stock market, but the bulk of Il has
gone into business and commercial ell
terprises. A gain Of about two and one
half millions, mostly in legals, is reported.
The deposits have increased SILL, 700 and
the reserve, by reason of these changes, is
improved to the extent of $1S9i1J.