Evening star., 1897-07-31
Prices Opened Higher on Wall Street
This Morning.
CHECKED BY LIQUIDArING SALES
Comparisons of the Weeks
Changes in Various Stocks.
GENERAL MARKET REPORTS
Special Dispatch TO Tne Evening Star.

Special Dispatch The Evening Star
NEW YORK, July 3I.-Opening prices
this morning were generally higher than
those recorded at the close of yesterdays
business London's holiday had a tendency
to restrict the volume of business but dull
ness again prevented any material de-
clines.
some liquidation was in progress through
cut the morning. notably In St Paul The
Granger shares. as a class have attracted
considerable profit-taking during the
week and close nearly I per cent lower
than last Saturday
Rock Island has withstood these onera.
lions without concession beyond The
usuat commission. The earnings of this
property, due early in the coming week
nave served to hold the price steady. even
IN the presence Of speculative liquidation.
The coal shares close substantially higher
than last week. although In today's mar
net seiing 1.-The interest of profits was an
parent. Reading, first preferred broke
Sharply during the final hour on sales of
this character. but regained more than half
ef It's loss under new buying
In the industrials the average is lower.
a . per cent decline in Sugar for the period
IN question being the most noteworthy
feature Of that department
While the securities which were first IN
attract attention by reason OF an improved
demand are fractionally lower. an entirely
new group closes the week at substantial
advances. In Northern Pacific. for in
stance, the buying up to the close of busf-
ness was especially good, the weeks gain
IN the preferred stock exceeding 3 per cent
The Morgan and Hill factions are in
practicaI harmony on the subject of the
management of this property. and earnings
are certain to reflect this change in th,.
relations of the larger interests
chesapeake and Ohio is another excep-
.ion, q gam oil per cent having been
recorded during the week solely because of
improving merit. and a prosperous outlook
for an active business season
Inc advance in Consolidated Gas is n
trlne over 10 per cent. and represents the
presence of a strong financial interest in
the market. Shares sellin., at a premium
OF NJ per cent are not selected for the
cneap demonstrations of the professional
rader All things considered. the arkei
mas acted exceptionally well during the
present week The under,one has at all
times been strong and concessions inya-
rla5Iy attracted new buying
Trade and crop reports have been on
couraging. and there are no apparent OBJ
stacles In the way of further progress.
The loss of gold during the week ha ; t,e en-
frequently referred 10, Lut this outflow IS
no argument against the advancing tend
ency OF prices. FirsG-class securities will
continue TO Improve. and the lcw-pric.d
Issues Will move up in sympathy with
them
The time for crop scares is now fully at
hand and the occasional alarm in the ranks
OF the overcredulous vii lmake attractive
prices for the shrewd and farsighted.
The weekly bank statement reflects a
less of something more than 81 JOossO in
lawful money, the bulk of which is attrib-
uted to the gold shipments. An increase OF
nearly S,b0.sD in the loans is an encour-
aging feature Of the report and indicates a
continued demand for money in and out of
Wall street. decrease of Sl,641 42a in re-
serve Is reported but the total surplus is
SIN equal TO the maintenance of cheap
rates for money.
The volume of general business has be- n
better distributed during the week than at
any time during the year. Consequently
Vulnerable points in the market have been
reduced 10 a M nimum