Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-07-21
Sugar Stock Declines Slightly Under
Realizing Sales.
ADVANCE In RAILROAD STOCKS
Changers Take the Lead interest
in Low Price Securities.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening star.
NEW YORK, July 2l.-opening prices
this morning were fractionalIy higher than
those recorded at the close of yesterdays
business. London reported a lack of inter
est in the international security market.
and prices from that center were generally
lower
As was the case yesterday, however. local
operations were not significantly inilucnc ID
by the foreign depression. The buying de-
MARI represented a fair volume of commits
sion business. although the total transac-
lions disclose large professional trading.
The Granger roads. particularly Rock
Island. were in good demand. and the posi-
ton of leadership long ago assigned to this
group seems likely to be realized
st. Paul and Burlington relied upon to
show handsome increases in earnings for
June. and some good buying on this pros
pect is noticeable.
Crop conditions are likely to come into
unusual prominence once congressional in
huences are removed.
The best features of routine character
are frequently passed over without action
because of the presumption that the ad-
tournment OF Congress is a condition pre-
cedent TO a wider distribution of business.
In some quarters the developments OF the
next few days are regard I'd IN the light of
foregone conclusions, and stocks are being
bought entirely on the improved prospect
for earnings.
The anthracite coal shares esoe tally the
more advanced Reading issues. share the
present popularity of the grnn-carrying
roads The eastern coal situation is show
ing encouraging signs of Improvement, and
as the stocks in interest have long been
neglected, the street is disposed 10 take
them up and force some reflection of the
changed conditions
N Par 1Nrn
ma and Western continue to find favor
among those interested in the low priced
issues.
Properties within reasonable approach TO
a dividend basis are easily advanced, and
increased earnings on low-priced reads are
ihN ariaby followed by a corresponding
gain IL, the price of the stock.
Realizing sales in Sugar were conspic-
uous throughout the day. The price was
opened up slightly and advanced a triie
over 1i5. From this point selling became
noticeable frt IN the source of the recent
adv ance, and decline to 142I2 followed.
This disposition to take profits is not un-
natural in view of the recent sharp adj
vance, bat the facts stimulating the rise
are not exhausted. a new movement is
likely to follow from any cause having a
beneficial influence en- the general market
Chicago Gas WIS advanced bstantially
under renewed buying by friends of the
property interested in its investment char
acter. The prices recorded today were less
than per cert short of the promised i'm
provenIert several months ago. and h;Ie
doubt is entertained as to the conaleta
fulfllment of that promise.
Lead securities We're again active the
buying of the common stock for the ac-
count of Standard Oil interests being esne-
cially good. The interests last named seem
destined TO become factor of unpr,se-
dented Importance In speculation.
The market was inclined toward some ir-
regularity during the final hour hut i'm
proved somewhat under the influence of
Washington advices predicting a vote on
the tarif bill not later than Friday.