The evening times., 1899-07-05

Predictions were various this morning
as to the course of the stock market, but
before the opening 1t is probable that
reaction was considered likely after nigh
opening. The advances that characterized
last week were such as are quite frequent
ly followed by reactions in the best OF bull
markets Indeed, it is the very rare eN-
ception when seven days of steady ad-
yances are not followed by losses of part
OF the gains made. The opening and the
morning hours today were as strong as
could have been desired by the most ar
dent bull. The first quotations were as
general thing half point or more above
the close on Saturday, and from TINS hlsh
level the first realizing sales caused trif-
ling declines about to the CLOSING prices
of Saturday in most cases. Buying by the
heaviest interests in the market then came
in and forced the level up materially, so
that at u O'Clock the best prices Of Satur-
day had been well passed in nearly the en-
tire list. Sugar and the grangers were the
features of the morning, though the
strength of the entire list was great The
talk is still of the most optimistic nature,
nearly the entire bull crowd predicting
the highest prices of the year for this
month. Caution, however, is undoubtedly
necessary at this level, and there will be
careful scrutiny of securities by conserya-
tiNS PSOPiSJ >'NAA eAN $1,000
The earnings of ST. Paul for the fourth
week OF June were, perhaps, the best news
that developed during the market holiday.
They complete year that is the best on
record for the road and entirely remarka-
BILE. The increase in gross for the week
was $500, 900 in round numbers. The gross
increase for the months was S650,00O, and
for the year the increase was 81, 120, 800.
he tofo cs>oar rpipOS nf the road for
the week was 81, 147, 900. This showing
makes it clear that an increase in the
dividend rate to, per cent could hardly
be avoided even IL the officers of the COM
pany had not unofiicially promised that
the advance in the rate will be made. Rock
Islands statement for the month OF May
is satisfactory, though not so fine as the
weekly statement Of ST. Paul There is
slight decrease in the reserve compared
with May a year ago. The grangers are
undoubtedly the favorites of the conserva-
tive element of the street and predictions
of much higher prices are made freely. ST.
Paul this morning went to 1873 in the first
two hours, which is only fraction below
the high price of the year. Rock Island
advanced point over the holidays and af
ter a slight reaction at the opening soon
climbed to a new high level again. Bur-
| lington was strong also, as was Atchison.
One of the most interesting stocks on the
| list during the morning hours was Sugar,
which opened up fractionally and immed-
| lately began to climb actively. Before
noon it had advanced three points from the
opening to 159 There was some hesita-
| tion at this level and it seemed likely that
| those who closed out their long contracts
there might be able to get them back at a
| lower figure The talk on the Street for
several days has been of a mysterious up
ward movement IN the stock, and appar-
emily this gossip is to be realized. The
| story circulated this morning to accom-
pany the advance in price was the same
one of settlement of the sugar war.
| AS had been expected by many the first
gossip of the morning regarding Brooklyn
and Metropolitan was that the strike" of
| the employees of the systems had been
settled during the holidays. Brooklyn
opened up point and more and was
quickly nearly three points above the close
of last Saturday. There was some hesita-
| tion after this, but the Street generally
was predicting further advance.
The Steel stocks were uninteresting and
slow during the morning.
London appeared as a buyer today.
There is much talk of the good prospects
4 ~ ,rf noA a. - ~ s~k@