Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-06-29
Features of the New York Stock
Markets Transactions.
STRONG INTERESTS In CONTROL
Considerable Buying Undertaken
for Foreign Account.
GENERAL NOTES OF THE DAY
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, June 4-The early trading
this morning reflected some irregularity.
but the general list was given excellent
support in spite of the increased discrim-
ination on the part of commission houses.
London's early prices reflected gains eX-
tending to IN per cent in some instances.
but arbitrage dealings were divided be-
tween buying and selling. purchases ex-
ceeding sales by a comfortable margin.
Upward of 10000 shares are thought to
have been bought in the local market for
foreign account since the beginning of the
present week There was tendency to sell
ST. Paul and Union Pacific in the LONDON
market and replace them with Nashville.
on the prospect of an increased or extra
dividend next month.
The last named stock is being given good
support, but there is no pronounced effort
to force the advance. The approaching
holidays and the engagement of S2,Uo,000
gold for export by Saturdays steamers en-
couraged some realizing on speculative
holdings. but such sales We're confidently
taken by strong interests. The foreign
realizing forced a few fractions from the
price of st. Paul. but the buying was shift
ed to Rock Island. which acted well and
was especially sensitive 10 the demand.
The demand for Atchison preferred was
noticeably good, the dividend making the
price attractive in view of the prospects for
further advance in securities of that
class.
The outlook seems to favor further i'm
provcment in the standard railway shares
before any special effort is made to force
attention upon the industrials. The west
ern liquidation of Steel and Wire seems to
have run its course and local interests were
quietly picking up the stock in anticipation
of a speculative advance later on.
The tobacco shares We're active and ir-
regular, the professional manipulative eie-
nrent being allowed to control the market
for them. Rumors of further dissensons
in the directory were circulated in the case
of the Continental company. but the street
a speculative campaign is at stake in the
vagaries of the stock The local railway
shares We're in the main strong. Manhattan
being especially well sustained. considering
the extent of its recovery. Recent sellers Of
Brooklyn Rapid Transit tried to keep the
price of those shares down, but a later
covering movement found a decreased sup
ply OF stock, which forced sharp recovery.
The evening up of contracts and fears of
a dscouraging bank statement are likely to
influence prices over the end of the week.
There is really small concern. however as
to the latter factor. outside of speculative
circles. Large disbursements will be made
during the coming week and bank reserves
should shortly become strong and disap-
pear for a time as an object of concern.
Money should ease off to its minimum level
and gold shipments should cease. Earnings
promise well and there are several import
ant enterprises to be announced later 50
that it would seem that an accident alone
could change the prevailing undercurrent of
optimism.