Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-07-05
London Buying Advances Prices of
Several American Stocks.
COPPER And SPECIALFIES FAVORED
Professional Buying Makes Market
Strong and Active.
FEATURES OF THE DAY
Special Dispatch 70 The Evening Star.

Special Dispatch 10 The Evening Star.
NEW YORK, July 5.-In the London
market today coppers were the features.
Anaconda and Utahs throwing good ad-
Fances over New York's closing prices of
Saturday. The continent continued its buy
Ing of Union Pacific and Northern Pacific
issues. Little was done In the standard
stocks-both Pennsylvania and ST. Paul be-
ing pominally below New York price on
pid. New York Central was In good de-
iit Ihd al the best price yet reached.
me New York stock market opened gem
orally higher under the bull imptIlse Which
developed last week. Prices, however. gen.
orally shaded OF on realizations hy com
MISSION houses in the early dealings. while
the buying seemed to come from the larger
professions, Mr.. keeene. one of them. hay-
ing the reputation of being long of the
market at this time
The amicable arrangements made with
us employees By the Brooklyn Rapid Transit
company caused the companys stock 10
open up l%--it rose further u. but reacted a
niue later to about opening figures.
anaconda Copper rose IL in symnathy
with higher London quotations for conner
stocks. and also in anticipation of an extra
uINiuehd, rumors Of which were rife this
To,i.lns. Erie, nrst preferred, and Illinois
central We're 'dvanced sharply. too. on bet
ter London showing for those specialties.
sugar opened up Il. receded a fraction
ana tnen rallied sharply three points over
helped along by Keene brokers bidding nm
tne stock. there being very little OF il IN
slgnt. 1t was also stated that a deal in
sne STOCK mad been started three or four
DAYS ago by some Boston people. The mar
ket generally. after the first hour. was
strong and fairly active on buying by
Flower brokers. Houseman and Keene.
commission o horses also had some good
buying orders from those who had realised
Garner In the day, and who again liked the
app or the long side OF the market
pest metropolitan and Manhattan were
neglected, while Pennsylvania declined over
point on the victory won by the minority
stockholders in a suit concerning the Louis
Vile bridge
London was considered a fairly liberal
puyer In our market during the first hour
out on the next advance began TO sell with
almost as much liberality. The total pur-
cnases by London possibly amounted to
Eooop, while the sales for the same account
averaged 10000, covering the general list
without particular feature
Inc enormous earnings reported by St
Paul Tor the fourth week of June showing
an increase of $500. go in round numbers
and $4,120.969 increase for fiscal year. had
good effect upon that stock. while the other
Granger roads We're strong on the fine pro-
gress made by the corn crop, the favorable
weather for harvesting of the late winter
wheat and the promising outlook for spring
wheat, as instanced by the government crop
report issued yesterday.
Other railroads reporting good increa sed
earnings We're Louisville and Nashville and
Mexican Central. the former showing
So, I'D, and the latter S164, $40 for the
month of June. Pacific Mail. while show
ing surplus of the reserve fund of S3G 1863
for May, shows a decrease of SlS924 over
the same period last year.
A feature of the afternoon market was
the strength of Brooklyn Rapid Transit
attributable to the favorable developments
already alluded TO and to the large in
crease in earnings shown by the road dur
ing the period covered by the holidays The
Ear nnnt
during the afternoon, notwithstanding rath-
er light commission house business. Rail-
road bond market was strong and fairly
active, while government bonds were I'M
changed.
London market for Americans closed
strong at highest prices of the day, with
St Paul the feature on covering by London
shorts. General market there closed steady
and Paris closed firm.