Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-27
FINANCE AND TRADE
War Uncertainties Hold Buying in
Check.
OPERATORS ALL WAITING FOR NEWS
Granger Stocks Neglected by Larger
Traders.
GENERAL MARKET REPORTS
SpecilI Dispatch to The Evening Star

Specill Dispatch TO The Evening Star
NEW YORK, June 2I.-opening prices I'm
tcday's stock market were generally steady
around Saturdays closing level Making
up day in London developed a tendency to
proceed cautiously In the American mar
ket. Professional transactions dominated
prices for a time, but dullness was the
chief development. There was an abso-
lutte lack of pressure to sell, and buying
was held in check by the uncertainties Of
the war situation.
On all sides the market was visibly wait
ing for news from the invading forces ia
cuba. The new plan 'of naval operations
was made consideration also and this
announcement added TO the arguments IA
Voring a cautious extension Of risks
The investment demand was continued
on scale sufficiently large 10 prevent any
aSere ssive selling. and the good effects OF
July disburs aments are entitled 10 careful
COZ slceration. Several of the better class
ca ciVldend-earning securities were notice
dii! stfon2, CwiBE to a speculative dc maid
based on the certainty of an investrue in
quiry later in the season
railway shares. as "A class were negle-t-
ed, ana We're fracti"nally irregular in con-
sequence. Inc Granger issues were oDen-
~ passed by the larger trades because of
the prohibitye prices for "A new campaign.
AS these shares possess the bulk Of The
merit IN the railroad list. their passing over
necessitated the selection Of "A new rroun
IN which special forces were operative
Inc lndustriais, usual, were taken I'D
ana made TO show substantial gains The
excellent earnings Of BROOKLYN Rand
transit, for example, Inspired further pur-
chases for the manipulate dive clique tht.
STOCK responding easily under pressure of
the demard.
The summer excursion traffic coupled
with recently acquired trackage con ,es-
sions. lends color to dividend gossip and
Keeps the price steady around its best
level American Tobacco is in the control
OF one of the most experienced manipula-
1--WE cllqueS in the street. and added . Der
cent TO Its opening price under continuous
buying on large scale
Around the noon hour the price Welded
from the top under sales to take profits
out net gain from the opening level MAS
maintained throughout the day
Inc reported determination to flibuster
against the Hawaiian resolutions in the
Senate helped the price of Sugar and gave
rise to rumors of the trust Influence pre-
venting vote at this session. Repeated
successes against undesirable legislation in
cite superstitious confideI Ce in the Der-
petuity OF such devices
Metropolitan Traction was an execution
to the bUoydncy in the Industrial DEPART
ment and was noticcably heavy AT times
In view of the important character of the
news likely to he received during the week
the market acts in manner most encour-
aging to those directly Interested.
Confidence is pronounced and skeptcsm
extends only to the prospect of lower
prices from natural reaction Trade re.
ports, earnings. the abundance of money
and success of the government loan ara
factors which may wait, but are certain
of ultimate development