Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-07-06
Activity and Strength Characterize
the Stock Market Today.
THE INDUSfRIALS WERE FAVORED
Sugar, Tobacco and Peoples Gas
Among Early Features.
GOOD EARNINGS REPORTED

Special Dispatch to The Evening Star.
NEW YORK. July a-In the London mar
ket this morning Americans were steady
and practically at New York parity, bur
soon after the opening developed consid-
cradle strength. under the lead of Louisville
and Nashville, New York Central. Illinois
Central Atchison and Mexican Central.
GAINS ranged from Ia to 3-s, the former
stock leading There was excellent buying
OF Vanderbilt issues and Mexicans
Ihe New York stock market opened act
I'VE and strong. but realizations were lib
eral. and the effect was shown in some
tractlonal reeessions in the railway list
from the best prices. These realizing sales
were made by some of the conspicuous
buyers of "Wednesday. The industrial
group, on the other hand. was more active
and higher on general buying. A good many
short contracts in this group were closed.
Among the industrials. Sugar showed spe-
cial strength rumors that Lawson. the
Boston Specialist in this stock. was again a
prominent buyer. and talked very bullishly
on the future outlook for this specially
The real cause, however for the strength i'm
Sugar would seem to be the extreme weak
ness in the market for raw sugars and the
maintenance Of the price of the refined arti-
cie winch, OF course, insures a larger profit
TO the sugar company, and is taken also as
an indication that agreement exists with
the Independent refiners, by which this
profit is not interfered with American To-
bacco, Peoples Gas and International Paper
were also strong features of the early
market
The iron and steel issues were stradv IN
hrm, American Steel and Wire being the
most prominent in this group
W hlie there was no particular feature TO
the railway list, the undertone was firm
and on concessions made i'm the first hours
trading Housman & Wormser. brokers as
Wen as traders and commission houses
Were moderate buyers.
In government bonds the rs ware nm L.
railroad bonds steady %
Ihe local traction stocks were inclined to
heaFiness, with the exception Of BROOKLYN
throughout the early trading and the buy
ing was considered excellent. This road in
Is estimated. carried fully 500. OOl passengers
on Its lines July 4. and the receipts for that
DAY alone showed an increase of 81, 900 over
the corresponding day last year
The Distlling Company of America be-
comes operative by heavy majority de-
posts. IL was stated that the minority
shareholders had assessed themselves Ia
cents share to sue for an accounting
London was not much of a factor In our
market Today. 1t traded in about 10000
shares, but its dealings were apparently
even on balance, some houses selling large
Iy on balance, while others executed prin-
cipaily buying orders. The largest selling
LOT thls account appeared to be in the
Atchisons, and the heaviest huying was 90
Ontario and Western.
The market quieted down somewhat in
the afternoon, the only feature being a
little upward movement in Manhattan II
is narrow market as yet and this morn-
ing considerable liquidation ensued but the
stocks sold were very well taken and there
appears TO be no uneasiness iG the room
money fhitd from ~ a neT tt,s
ought to gradually work easier from now
on, and better prices and a more active
speculation result therefrom
Good earnings reported today were as
fellows: Southern railway, inc sI2D PIG for
last week in June and S276,940 for the
month; Missouri Pacific. fourth week June
inc, 81 .OOO: Norfolk and Western. same
period, increased SIC 40