Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-07-20
Sugar Stock Was Again the Feature
Of Wall Street.
GAINS S37 4 SHARE SINCE MARCH
Some Attention Paid to Low
Priced Stocks Today,
GENERAL MARKET REPORTS

Special Dispatch Ia Til, Evening star
NEW YORK, July 2o.-Lowcr prices :,
the London market and sales of inward 2
-""" shares for that account had a tn
dch'y 10 promote a rcactionary feeling in
the local market this morning. Traders
sold a few stocks in both accounts. but no
| SlEhlficant declines were recorded Tn, vol
ume OF business was we'll distributed and
&C mmission house buying at the decline was
especially good
The activity in Reading securities at
tracted considerable attention. ana Is be-
li'ved 10 foreshadow renewed activity in
the coal group.
The CHANGERS. while strong beneath the
surface. reflected considerable realizing
from time 10 tine throughout the morning.
Crop conditions are favorable to higher
prices. and no important reaction seems
likely. Probable gold shipments at the
enc of the week may force temporary con-
| oossions. but the passage Of the tarlH bin
should overcome the influence Of this ont
ward movement OF coin. The facts re-
Hponsibi" Tor the occasional loss Of gold are
generally well understood and rcpr,sspt no
alarming conditions
The securities directly Interested I'm the
new iafln schedules were again the pro-
noHnced features OF the trading Sugar
opened at an advance of = Der cent. and
was finally marked up To l4i IL exactly
NJ per share since the beginning OF he
present extraordinary session Of Congress
The total appreciation on the ful capital
lzdtioE OF the trust since the last OF March
Is III round numbers S2p.Wmuup
With prohbitive rates against the for
elgn refn,c product, il is estimated that
the rust can refine its present holdings OF
raw sugars at profit of Sti.usstnpn
Add this profit to the ordinary percent
ages OF routine sales, and the enormous
surplus: conservatively estimated at more
IMAM S2o,"n,opn. and the arguments behind
the present advanc" are disclosed. Extra
uiflhends and IL per cent regularly ara
likely 10 encourage demand FOR these
shar'S outside of professional Wall street
EkrSft opinion continues to come out in
demo istration of the idea that the new
tariff i less beneficial than It's immediate
pred fssor. Needless of all such conclu-
! SlohS' me price continues 10 improve There
" great deal of mystery in the advance
hut the courage 10 sell the stock is wanting
The rates applicable to the American
lohaCco tompany'S product are said TO be
more favorable than IS shown on the sur
lace. Prov isons. seemingly unimportant TO
the layman. are said 10 have been incor-
porated into the bill whereby substantial
benefits are to be had.
The failure TO demonstrate this argu-
ment by higher prices for the stock Is
credited TO the superior activity and mon
opoly of Sugar.
The securities of the National Lead Com
panv were more active and AZ improved
prices. The new tariff rates are said % be
entirely satisfactory to this Industry and
large corporate interest is credited Nth
purchases Of the common stock
Prices during the final hour were general
ly slightly under the best for the day.
Realizing sales in sugar. Hv an operator
cr.,lted with the manipulation Of the adj
vance. caused a sympathetic d,ei.E. i'm all
parts of The list.
The several loT-priced sprc'alti,s con-
tinue TO attract a good demand. l.uI the
opinion is pra rtically unanirlouS that the
market will follow the lead CT sugar for IA
few days more.