Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-07-22
Tendency on Wall Street Today Was
Toward Higher Prices.
GRANGER SHARES LED IN ADVANCE
Sugar Fell Off Considerably in the
Start, but Recovered.
GENERAL MARKET REPORTS
Special Dispatch to The ~, ming star.

Special Dispatch TO The ", ming Star
NEW YORK. July 22-Today's stock
market may be said to have conformed
strictly to prediction. The tendency was
decidedly in the direction of higher prices.
ana the greatest percentages Of gain wer.
In the shares to which especial attention
has been repeatedly called.
Inc Granger group was most conspicuous
ana the prices recorded in the active issues
were the best for the year.
ROCK Island was bought literally for a
gam or more than per cent. and Bur,inr-
.on ana 81. Paul added rs and per cent.
respectively. to opening prices
Inc movement In the securities naued is
based solely on improving dividend pros
pects Present indications are favorable 10
the addition OF at least 1 ne, cent 20 ~
prevailing rate In each instance.
Inc export demand for cereals Is destined
" Supply grain traffic of unusual pro-
pUr.iohs tnroughout the western agricul-
grain roads are consequently On a.nas.s
demand at this time
Inc buying of these securities has coma
i ,arsey from commission houses. and "a
less professional than the aver,ya ,rans
ACTIONS In the general marker
Inc weeks advance has already extended
70 proportions 5ustifying a moderate reac.
.ioll put there Is an absolute absence OF
pressure to SELL Should a decline result
from profit taking or other natural causes
II Is likely that new buying would heoin az
the low level The tendency to force n re-
acuon IN the interest of fractional pronts
IN the short account is less pronounced
than heretofore.
he several low-priced issues continue to
ma ready market and are being adj
vanced In sympathy with the movement
elsewhere.
In the Industrial list Sugar was consnfc-
ueus. although less of a feature than on
the preceding days OF the week The open-
ing hour was devoted to an EFFORT TO force
tne price down to the lowest possible point.
Inc nrst sale was 1 per cent un6er yes-
terday's final figures. and per cent addI-
ticnal was conceded during the next ten
minutes. This brought the price down to
i4o, around which level good buying was
encountered. The price moved back slow
iy. but 1t Is evident that the principle on
orator IT these shares is willing to reduce
ms paper profits into actual possession
Any liberal selling in the execution of this
oh1ect would result in a sharp raid on the
price.
Chicago Gas was advanced to within Y
per cent Of par during the morning under
conhdent commission house buying There
Is every reason for expecting this stock to
cross par and stay there solely ON its
demonstrated ability to continue per cent
dividends. The regular quarterly disburse-
ment at this rate Is now nearly due and
this fact contributes to the strength OF tho
stock.
American Spirits issues were strong and
active after protracted period of ne
giect The reasons for the movement seem
to be based on desire to force profits in
stock long held by certain pool and not
upon more solid foundation.
The days business was better distributed
than at any time during the season. and
sentiment Is more than ever optimistic.