Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-08-03
Early Buying of Burlington Was
Especially Good.
POPULARITY OF GRANGER SHARES
American Tobacco Seems Intended
for Higher Prices.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star
NEW YORK, August IA moderate in
crease in the volume of commission BUSH
ness was reported this morning. the new
demand being attracted to stocks of recoC-
nized merit. The influential interests in
the market are disposed 10 add the Granger
shares to their list OF specialties, thereby
destroying the monopoly of the intiustri,,ls
The buying of Burlington was especially
good throughout the morning the delay in
reporting June earnings not being consid-
cree an argument against the price of the
stock
There would seem to be every reason for
suPposing that there will be enough busI-
ness to insure large earnings on all the
grain transporting Tires. The Pacific roads
are reporting satisfactory increases AMI
there is good demand for their securi-
Ties at every concession. Atchison reports
an increase Of 81 tss9 600 in yearly income,
ana interest payments are not a source Of
oreau IN Consequence. St. Paurs weekly
decreases continues, but having earned
mere than per cent on the stock for the
last year these showings are not allowed
10 hurt prices. Properties in the west.
middle west and northwest are relied upon
to hold their own in any recuperative
movement.
The new war loan bonds sold In round
ment issues retained their recent strength.
Money is guardedly seeking investment,
ana the bond market, usual. is attract
ing the initial inquiry. Lack OF abundant
FUNDS Is not likely to be urged as an in
ducement against higher prices in the Sc
curity markets. Just now in the presence
of dizziness there may be some hesitancy
in order to allow the new average level OF
prices TO become familiar TO the non-profes-
sional community
The, real owners Of stocks are not tempt
ed by the profits reflected in current prices,
and a scarcity of securities seeking a
market must have the natural effect of all
reduced supplies
In the industrial list rubber was made
something OF q feature during the opening
hour and was offered down in the evident
hope of forcing liquidation. AS is usual in
such cases. the discrepancies between sales
were large, but the manipulative clique IS
not believed to have sold much stock es-
pecialiy the preferred. The Developments
at tomorrows meeting are likely TO be fol-
lowed by some sharp movement.
The buying OF American Sugar resulted
In the successful passing of the 140 point.
Yesterdays efforts in this direction were
not successful owing to the continued re-
appearing OF liberal offerings at that limit
The attitude of the Havemeyers is becom-
ing matter of less concern in the affairs
OF this property since the advent of n
strong financial clique which can mantpu-
late the price equally as we'll
American Tobacco was strong during the
greater part of the day, and seems Intended
Tor higher prices. The market had fire.
quent attacks of dizziness but bevond This
there Is little to criticise in the general out
look.
London cables reported a buoyaut closing
In the security market at that center and
the local dealings during the final trading
We're especially confident An advance in
Spanish fours added to the steadily increas-
ing supply OF peace arguments.