Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-10
FINANCE AND TRADE
Stocks Opened Irregular and Lower
at New York Today.
Due TO YELLOW FEVER REPORTS
Later, However, a Strong Buying
Movement Was Developed.
GENERAL MARKET REPORTS
Displtch to The Evening Star.

Special, Displtch to The Evening Star
NEW YORK, June lO.--The tone OF to-
days stock marke. was temporarily IN
settled by the published report of a yellow
FEVER outbreak In the SJLJn. This tutu-
cree, coupled with some ilresularitv I'm
London's prices, inspired some protest. nal
selling for a time, but initial sales Were. in
most instances, the lowest for the dav.
The influential clique which was reported
to have taken profits a few days ago 70
81 med active operations in the long a.
count this morning selecting Brookl,,,
Rapid Transit and Burlington as the spo-
cial features of the movement The nrst
named property has the double advantage
OF an exceptional earning capacity and eN-
perienced market guardianship.
The closing. to some degree at least. of
the sound channel by reason CT mines ami
other war precautions VIII of necessity di-
vert TO the eXcursicn branches Of the nron-
erty a considerable proportion of M, sum
mer pleasure traffic. This business couplad
with the increased facilities Incident ia tbs
bridge concessions. brings the stock within
the scope of profitable dividends al a rea-
sonably early day
for the last TWO days the increase in
uaiiS earnings, compared with the same
Gays IN 1897. is estimated at saGo per daN
Under the impstas of good buying basea
on the foregoing facts the prico az an,
stock advanced 3lz per cent from "A stronp
opening level. When the price was ruling
In The twcnties scme months ago the
movement was undertaken with assurance
that the price would touch fifty
Inc latter price has been passed and the
prediction is now made that 10 or Is per
cent additional will be required 10 reflect
actual merit
per cent advance in Burlington. and
a sympathetic upward movement i'm the
neishborng Granger shares had much to
do with turning the general market
The demand for the stock named was
created to one of the most experienced on
orators in the street.
The customary following of commission
mouse clients made itself apparent UPON
the discovery OF the principal. The low
priced shares were taken up during tina
afternoon and made 10 reflect more sub
stantially the progress indicated elsewhere
American sugar and American tobacco
were bought for both long and short ac-
counts, the former making substantial
gain or more than 81. per cent from its
opening level. The tobacco movement re
fleets the contrary Wilderness of fuctuation
but the outlook for the commodity is suf.i-
GENTLY promising TO inspire confidence in
the character OF the stocks manipulation.
The most monsy and the best Intelligence
OF the street is unquestionably committed
to higher prices in the general market
There is a well-founded belief tnat the
led Aral treasury will so arrange the details
of the new loan so as to be the least dis
turbnS to the money market. The success
of the loan il relied upon to furnish addi-
tlonal Incentive to higher prices In thu
stock market
The first half Of the week having beco
devoted to extensive liquidation it is espe-
clally encouraging to see the latter half
given over TO AL active repurchasing move
ment Despite occasional misgivines on
certain minor points. the weight of evil
dence as TO the main situation is strongly
optimistic