Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-07-17
Generally Higher Prices Prevailed on
Wall Street Today.
ATTENTION DIRECTED HOTHE CHANGERS
Good Crops and Good Foreign
Demand Expected.
GENERAL MARKET REPORTS

Special Dispatch 10 The Evening star
MEN YORK, July IA fair demand for
securities and an absence of pressure 10
sell combined in establishing a higher ranra
of prices in today's stock market The
most important factor in the present nnan-
cal situation is the exceptionally strong
position occupied by the United States as
center of supplies.
Inc foreign demand for wheat and other
hreadstuIfs is destined to assure propor-
lions OF inestimable value to domestic rail-
fead properties. Short crops abroad and
an excellent prospect of abundant har-
vests at home insure increased traffic from
me interior u the seaboard
IL consequence of the outlook railroad
itCpertlts IN the wheat bolt are ,.Nneetrd 10
itnorl handsome Increases in earnings
Ihe weeks buying of ST PAM mas ,iit-
closed the fact that large interests are al
ready in process of discounriug The pros-
peflty OF the fall season. The artI,-iiN. ~
~ :alroad to increase its dividend il
LII o,.iei1@nt with the prosperity of the snip
pr prosperous corporations are unknown
ia bankrupt communities
II Is therefore encouraging to see TIN
.,.tuie prosperity of the individual through
the medium OF corporate activity Wben
IL Is considered what grave or,,.stiors e
tilahce and politics hinge directly ON in
dlNlIual satisfaction in this Dartir,Ilor tba
sisHlhcance OF the Present outlook must
pe recognized.
1t is scarcely surprising in view of tl,cse
facts that Wall street closes tho vcek i'm
an optimistic mood.
The passage of the tariff bill and the
adjournment of Congress are factors which
VIII become conspicuous during tho com
ing week The market is relied uphn 10
reflect this relief from legislation in a
iisher lever OF prices. Just at the close OF
business recent predictions relative to the
adoption of the House sugar schedule vera
confirmed in Washington dispatches
This triumph for the House while com
handing almost universal admiration had
htue or no influence on the price of the
STOCK rev fractions were conceded as
the prospect of such action became more
and nore apparent, but no significant de-
cline followed.
IL ~ expected to exert Il marked influence
IN hShuay market, when more definite
| Information VIII be obtainable and the
news becomes more widely distributed
Expert opinion varies as TO the Immediate
actlon OF the stock, but II is thought that
the lowest prices will come from the first
shock. There will be disappointment in
speculative circles. however and NOT A
lew or the larger operators will take adj
vantage of this fact
The rest OF the market may hesitate, but
ments in the mystery-lackfng properties
accepting law rather than making il 10
suit every emergency.
The weekly bank statement reflects an
increase of over s6Nn,uN1 in cash the bulk
of which has come from the subtreas,,ry
l he increase in loans is slight. being less
than $4oo,op0, but the reserve fund Is in
creased s4.675.52.. The total surplus re-
serve holdings are now S46.u3G. .ss.
Easy money rates and a definite period of
reiief from legislative attacks should slim
ulate an active and better market.