Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-06-10
Satisfactory Conditions at the Weeks
Close in Stocks,
LIQUIDATION ABOUT OVER
Belief That the IndustriaIs VIII
Show improvement Now.
GENERAL MARKET REPORTS
Special Dispatch to The Evening star.

Special Dispatch to The Evening star
NEW YORK. June lo-The weeks clos
ing today leaves the speculative situation
more thoroughly in the hands of the friends
OF higher prices than IL has been since the
beginning of the REIMBURSEMENT period last
April Liquidation Is over for the present
IN many issues, and the imitation OF the in
dustrial bubble has been followed by the
inevitable collapse. orders which have been
underlying the market for weeks To soil
at a liked point have been Cancelled. and
there are many evidences of confidence I'm
the general market
1t Is not to be inferred from this revival
Of optimism that all stocks stand upon IN.
same footing. The marke; Is not Vet sur
hcientiy broad for uniform movements h,,t
activity and higher prices are likely 10 d..
coincident
Inc weekly bank statement is slightly
better tnan the forecasts Indicated s,J
while several OF the important items r.a..rt
ciidhses not generally regarded as favor
,iole' me street construed the changes a..
peIhg or little significance as adverse fac
tors. An increase of $40 S,l5 4,n In l,a--s q.
explained on the theory that recent octi,,I-,-
on me part of certain large interests h3s
iltCeSSltdted these money accommodations
me steady accumulation Of certain sp,--
C'dIuts during the week would tend TO CON
lfm this view. The increase in loans Is fnl-
io"ed by an Increase of 81 77ouu In M.
deposits, necessitating larger reserve ana
i'uuclIS the surplus about s.. 3S7 500 The
loiaI reserve holdings over the legal r.
qu.rement is consequently reduced IN Sio
BIB 100 ~ S>'''-
me actual loss in lawful money - only
81 t4oNn. instead Of nearly fbr.s ,ir,..s
mat amount, as originally predicted RI
sVId movement is not fully reflected in rta
above loss. d circumstance which a5as =,
me confusion relative 10 real siglfticgpc.
OF me recent export movement.
me government crop report due late this
60, o. 81 'IopIi' may assist the upward tendency
next week since the showing made. .hoIilj
De at least moderately favorable
Inc action Of American Sugar is batpr,
construed into significant feature of The
general situation. This property is again
belhg bought by inside interests an a Isrsa
scale and there is but little room for doubf
rs TO motive and object of the movement
Inc trade war may he settled at any tIn,e
pet"eeh tEa closing Of one days market
ana tn" opening of the next The Announce
ment OF itself would about double me -,
NSuue OF the shares. With such a transao-
uoh pending in this industrial leader syn-
dlca'es, pools, cliquas and experienced
traders generally may be relied upon h,
make their lame and hating speclalties
property. u uS'
The several spirits stocks show signs Of
preliminary agitation, and even in this be
lated group there are Indications Of activity
based on belief In the approach of a fay-
orable tide.
The steel and iron stocks are going into
strong and friendly hands and the declara-
ton OF satisfactory dividends are relied
upon TO make them active and higher be-
fore the month closes.
Mr.. Morgan's return may attract the cps
tomary testimonial from trades and the
coal consolidation will again become tbs.
SUBJECT OF many midday dreams.