Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-08-27
Stock Market Showed Improvement
Under Foreign Advices Today.
INCREASED EARNINGS ALSO HELP
Changers Again Attracted Most At
tention- -Atchison New Feature.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star
NEW YORK, August 2a-The failure of
the market to reoede materially under
cover Of the recent dullness and the con-
tlnued increases in earnings in an sections
of the country resulted in a moderate re-
sumption of activity in the interest Of inn
proveInert this morning
London cables reflected fractional adj
yaIfces in the American department and
foreign buying was a noticeable. though
not significant. feature OF the early trad
ing.
The crop situation was construed as be-
ing trife more favorable to the railroads
Than heretofore. and the granger shares
Were in better demsrd in consequence,
Rock Island was The most conspicuous
feature Of the entire market. Advancing
Ia per cent under exceptionally good buy
irg. The fact that the management Of
this road was ffst TO see the period q. de-
preston ahead and TO reduce dividends ana
expenses 10 meet the burdens CT such si-
uatior is now construed into an argument
favoring initial steps toward restoring div
ide nds.
Circumstances continued TO favor an
early doubling of the present rate. aud the
stCck IN consequence is daily going into
strong hands.
Burlington and St Paul shared I'm this
improvement, but aggressiveness was lack
ing to noticeable degree. Earnings are
favorable to both of the latter properties.
but more attractive opportunities are re-
sponsible for their neglect.
Tennt ssee Coal and Iron. Laclede Gas and
several industries of this class were active
at substantial net advances for the day.
The Vanderbilt issues were given excel
lent support, but no effort was made 20
force significant advances.
The Northern Pacific issues are being
Lought by some of the strongest houses I'm
fh.. STR ~
the nature of important combinations are
pending. As at other points, however
tfere Is no attempt at forcing advancing
prices.
ties during the last few days has attracted
general attention. and is believed to fore
shadow important market changes in thes.
Issues. The July statement will show an
increase of about $22o00 In gross earn
ings, and almost an equal amount in net
The first week of the present month will
reflect an Increase In the neighborhood Of
sF".ob' AND the subsequent weeks OF The
month shcpid Improve on The Sc figures.
1t Is entirely within the limit of reason to
expect the company to pay fully per cent
on ITS adjustment bonds for the year and
still lave "A small surplus TO thu, account
OF future dividends on the preferred stock
This Information. while far from being
general. is known to those interests iden;I-
he'd with the unusually large purchases oil
the preferred stock during the present
week. As the markets general strength
will permit these ISSUES are likely to be-
forced well to the front
Missouri Pacific was well bought up TO a
new high point. but the advance was re-
tarded by almost constant realizing
The market reflects no pressure 10 sell
ana the volume of commission buying has
improved slightly. The short interest has
been reduced moderately. but a big shor:
account i'm the foreign market has vet 10
De !lquidaied. Continued crop improve
date.