Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-07-11
New York Stock Market Opened
Quiet and Steady.
LATER HOURS saw IMPROVEMENT
Interesting Gossip Regarding the
Goulds and vanderbilts.
THE DAYS FEATU RES
Special Dispatch to Toe Evening star.

Special Dispatch to Toe Evening star.
NEW YORK. July ia London dis
patch today says that the securities market,
Including the American department. opened
weak on reviving apprehension that the
latest phase OF the Transvaal difficulties
portends an actual crisis. In the absence
of definite news. however. rallies I'm share
prices are taking place Today is Ticket
day" n Y. c. selling nominally per cent
below n. Y. parity. Atch. Pfd and L. and
N ard St. Paul are also lower
New York stock market opened quiet and
steady at last nights prices and has since
improved fractionaliy. though under lead of
st Paul. on its earnings. and the rally in
Sugar and Manhattan trading is light and
Local There is not much pressure TO sell
The Manhattan stock sold yesterday
well bought, and today's reports that the
Gould's have urlfted from SAGE TO Wander
oiit influence. has caused some covering
and new buying J. Il. Morgan a Co have
been absorbing the stock through brokers'
Tor the past six months. and # is thought
that the control of the stock rests there,
but ii Is also said by some that the VAN
derbiit-Whitney syndicate is getting con-
troll.
Louisville and Nashville declared a diyi-
dend Of IA per cent and y per cent extra
on its capital stock. Yesterday St PauI's
increase Of S2oS.S22 in earnings for the first
week OF July Is an indication Of the great
prosperity OF the road and THIS with an i'm
olcated corn crop OF /, s51 ,tsf9,opB bushels
ana no material reduction in the Indicated
wheat yield, from last month are accounted
as fullest factors on the grangers and as
i-hei5 &c tell in their favor IN the long run.
After opening market became stronger
on further covering and on renewed com
mission house buying based on the ten
dency OF money rate TO ease as well as on
other general bullish features of situa-
lion. Crop reports and railroad earnings
inspiring bull forces and stocks which are
Ieadlng speculation. like New York Cen
tral pennsylvania Atchison preferred and
81 Faul. continue to show the presence Of
buying orders from strong inside interest
Manhattan rallied on buying which Is con-
hdent and is accompanied by statements
that closer alliance with Metropolitan rail-
way is near. More bullisn utterances were
also reported to be coming from certain
bear leaders.
1t looks IL Keene is buying stocks
again. brokers for this interest have
been most prominent in absorbing stocks
all day.
The fact that the National City Bank,
which was debtor to the clearing house
yesterday is today a creditor for over
s5.unO.u10, indicates very favorable bank
statement next week, and has stimulated
prices. London houses are selling stocks
again today in moderate way They are
selling Northern Psci6cs Atchisen pre-
| ferred and St Paul. Late London press
cables Just received report two British war
ships have arrived at Delagoa bay for
purpose Of intercepting Boer supplies in
| the event of hostilities
Covering of shorts the last hour and re-
buying by yesterdays sellers and some
buying by leaders, all on cal money drop
ping TO AZ per cent, with free supply in
sight. has turned the market. Ii is still
narrow and largely professional. however
and is easily influenced by preponderance
of orders
The story on the board is that "a divi-
dend will be declared on Chesapeake and
Ohio out of this years earnings but the
vanderbilt buying, which has again APP
is npfi xaifla o au 10
| -Four deal. Texas Pacific and Missouri Pa
\ cifie are moving together. and the heaviest
| buyers state a readjustment OF the relations
between the properties will be made. the
principal point of which will be the change
| of two shares of Texas for OF Missouri
Pacific