Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-07-01
FINANCE AND TRADE
London Fails to Send Business Enough
for a Local Following.
SPECIALfIES MADE ADVANCES
Prices Scarcely influenced by News
of the Battle.
GENERAL MARKET REPORTS

Special Dispatc.- to The Evening stnr
NEW YORK. July l.-Some irresu,art,v
was reflected in opening prices this morn
ing' but the later trading improved under
professional demand from the room.
LONDON again failed to send over sufhcient
business TO attract n local following
The bulk of the dealings were confined 10
the specialties. all of which made some adj
vance for time. American sugar failed
10 retain Its advance. owing to liberal SELL
Ing for both accounts
Inc snort interest in these shares has
Deen TO cover at various times during the
week because of the theory that the com
pahy VIII not be seriously hurt by the pro-
posed annexation of Hawaii This tbeorv
Is based on the presumption that the com
pany has provid I'd In some way against all
possible contingencies. IL the islands AFRO
annexed the An erican company is relied
upon TO profit by the annexation I'm some
form or other
"niie this argument is not to be ridiculed
IN view OF past achievements. the stool,
eoI'ies OUT very easily on every advance
Dioohiyh Rapid Transit was marked I'D
on the prospect of a big holiday business.
the room selling some stock a, the ad,,anc.
because OF wet weather predictions. III there
has been any doubt as to the markers mar
rowness the consideration Of sucb arvu-
ments as these should dispeI IL permanent
ly.
AS an incident OF the recent snecula
i've injunction proceedings against TIA
feopie s Gas Company of Caicayo holders
o =. ine ponds of the Equitable company had
their coupons returned unDaiJ with ,ba
request that holders send tn s.r names ana
aouresses 10 the Central Trust Company
dustee- 1here is disposition on The mart
% the larger interests to disregard these
tnJuhStlon schemes and to proceed to deal
urecuy with bondholders and put an end
10 what has been for the past few Years a
perpetual legal annoyance
Inc buying of American tobacco was
described as being good, which. being in
tefpreted. means that the manipulation
continues TO favor higher prices. pullman
was forced up to 2I2, an advance Of az
per cent from the opening level, and subj
sequently yielded the fun amount Of its
gam under sales to take profits The df-
IcStors VIII shortly officially announce the
holders W sia'e-
Inc calling in of money by this comnanv
mas made an impression on the cash hold
lnss OF certain repositories, which in adj
oatlon to the July disbursements and the
government loan, find some reflection in the
weeks loan market
:, Inc announcement that the battle OF
santiago was in progress resulted In an a.
nost complete cessation Of business. but
Prices were scarcely Influenced Holders
are confident of the success of Cuban cam
paign and equally confident of the CONNER
c-ai ana business situation A SHOCK of
HS sI proportions than at present seems
Within the range OF expectation viii no
necessary TO curtail prices beyond raac-
tiohary limits. The successes in Cuba ara
the certain over-subscription to tho now z
Fer cent bonds are factors to be added 10
month. P3eseAt