Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-06-28
Wall Street Opens Strong, Followed
by Realizing Sales.
Granger Shares Continue to De-
velop Decided Strength.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star
NEW YORK, June 2s.-London prices
were generally higher this morning ana
foreign representatives had a fair VOL
ume of buying orders in the local mar
Net commission orders from oui-of-toyn
correspondents and improved tradip,,
demand combined in establishing a stron,
speculative undertone during the opening
hour. crop prospects, trade reports ard
'le optimistic utterances from prominent
administration sources We're all encopr-
aging factors in the Improvement.
substantial speculative advances have
peen recorded since the beginning Of t,,,
UPWARD movement. and realizing sales hay.
become conspicuous features I'm tho rrasopt
si'uatlon- The high prices of the opcniur
hccr very naturally attracted sales 20 take
Piohts' the market receding fractionally i'm
consequence. At the decline there w.r.
abundant evidences of a Well distributed
demand
From the low level of the midday period
prices were started upward under "A new
demand, In which commission orders ,y.r,.
conspicuous. WIZ
me failure to announce Burlington.
earnings Tor the month OF NAV Was soln,
Mhat OF a disappointment in view OF Its
HHportall bearing on the entire Granger
group. These securities were. given ell
lent support. however, St PAM hin,
tUired up under a combined local anu for
eish uefhand The recent reported IN
creases IN the earnings of this Dr,1,a,r,
Jusuiying per cent addition to tn. ,t,-
pcs account. are relied upon to insane.
iufther confidence in its intrinsic ,,ir,f
iihPoftant interests are disposed 10 i,s4st
UPON the maneGVeTng of St PAM int, .
Posiuon OF recognized leadership
IN thlS fltw burlington has been sold.
"heIe pfonis were shown and st Pam
bought IN order that the impr.ssion Of -
1--WE merit should lie made most fayorahIa
TO the latter. The publicity gwen thesa
ti1nsacuons IS sufficient TO warrant their
cautious acceptance. especially since fu-
TIRE ngdrcs are likely TO embarrass Tho
plTrIhs OF the implied discrepancy ina
co me low.pnced railroad issues were given
considerable attention. Southern Pref, red
btil'S added to the list of shares Offer. pt,
Ittle Resistance TO Improvement
Manhattan and Western Union continue
10 work slowly toward better level the
covering Of short stock materially assist
ing the advance
Whatever exceptions are noted. the fact
remains that the present era of improve
ments depends almost solely upon the con-
tlnued harmonious action of the grain-car-
ryins roads
American Sugar was a feature OF the
days developments a gain of , nor cont
being recorded during the Early afternoon.
The prices recorded today appear for the
irst Tine since 1Sn. but in that year the
h:sn level reached point q per cent iii
advance of tcday's best price
The difficulties in the way Of tariff leaIs-
iation are thought to have been reduced 10
proportions too small TO be Significant
The buying Of Chicago gas was again on
a scale s.Gnifying an intention 20 for,e the
stock into The investment class. Should
tcnlghts council meeting PASS without
hostile action a further advlace Is pre-
Gictcd.
The best prices of the day. IN many in
stances. were recorded toward the close Of
business.