The evening times., 1899-06-06

continuance OF the professionalism
dominant during the past weeks. with un-
| important fluctuations and NO decided
movement in any stocks, characterized the
opening of the market today. Prices at
the opening and for the first half hour
tended upward, after which there was a
| recession to the opening level, and below
| it in some cases. The most careful analy
| sis OF the situation permits of but one ex-
| PLANTATION: The leaders of the market are
not yet ready to advance prices by their
active aid, although they are also unwili-
| ing to allow any decided decline in values
| by selling out their own stocks, which
would be the only method of causing a
break. The bear traders continue to ham
| mer the market, but they have the entire
force OF the intrinsic conditions against
them as well as the technical situation.
| The people who now own stock, with very
few exceptions, are either the leaders OF
the market or the investors who have
bought securities for keeps" believing in
the certainty of higher prices in the near
future. There will be an immense amount
OF money for investment on the lst OF July,
and it is not reasonable that even the pro-
fessionals will be willing to let prices stay
at their present low level for the benefit
OF these prospective investments. There
is nearly always an advance in prices prior
to the semi-annual dividend and interest
disbursements. The outlook is for a good
| advance in prices all over the list during
the coming three weeks, and it is believed
by careful students of the market that be-
fore the 18th of the month there will be q
beginning of the upward movement in ear
nest. The best advice is to buy stocks on
all weak spots.
Sugar promised to be the leader of in
terest in the market today as it was yes
terday. The New York Traction shares
were also conspicuous in the early trad
ing. All OF these shares were somewhat
weak. The opinion is growing in hitherto
well-informed quarters that the bear pres
sure on these stocks is due to a plan to
buy them In at as good figures as possible,
In expectation Of the general large advance
in prices in the near future. In this con-
nection 1t is interesting to note that there
Is well-authenticated story to the effect
that Mr.. Keene has promised to help bull
the New York Traction stocks in the near
future.
AS to the Sugar movements they are of
course almost entirely controlled BY the
manipulators except on such rare occasions
as the recent advance Of the stock under
the influence Of heavy buying by Mr. Law
son and his friends. 1t is we'll enough to
note, however, that an advance In the
STOCK is preolcted Tor the near future.
The position Of the granger shares be-
comes daily more attractive The talk of
the utter ruin of the winter wheat crop
is giving place to saner reports, which
show that while the crop is damaged It is
not by any means a failure and will give
the railroads good business especially with
the leftover crop from last year, which
Is now being marketed rapidly. The re-
ports as to the spring wheat crop are bet
ter and better every day, and the enthu-
siasts go SO far as to predict the largest
yield on record in some sections The
general freight business Of the grangers
will be the largest ever done. ST. Paul
willearn at least 10 per cent this year and
Rock Island per cent, according to Of
fetal reports. Atchison prospects are fine.
Federal Steel common is one OF the IA
vorites with large class Of investors and