Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-07-10
Rally in Rapid Transit Helped the
Whole List. 49,
ABSENCE OF Big SPECTATORS
Strong Influences on Guard to
Permit Bear Campaign.
GENERAL MARKET REPORTS

Special Dispatch 10 The Evening Star.
NEW YORK. July 1o.-A better demand
from the room and a change in sentiment
on the part of few prominent operators
resulted in higher prices in all parts Of the
list this morning. The pressure TO sell
Brooklyn Rapid Transit was relieved, and
yesterdays per cent decline having failed
to lower prices in the general list gave rise
TO new confidence In the prospects for an
advance. The covering of yesterdays sales
IN the stock market was followed by a 2
per cent gain, the general list responding
willingly to the Improvement
fhe government crop report was not SO
disappointing as had been predicted and
the short interest in the grangers covered
rather freely. There is a decided imnr,,,.-
ment in sentiment. but local conditions do
not admit of any enthusiasm. Narrow
ness overtops all other features and the
unwiIiingness to sell is almost ,s mr.
hounced as the hesitancy To buy
Inc market is no longer one-sided Inn,
frequent changes from one sid. to the Other
only preserves steady center. about which
modest fluctuations are made CommIssio,,
houses are idle and do not encouraya ~,
business. BY advising patience they hone tn
Keep clients In funds against the dav VII,
,he men with the capacity for making mar
hets put aside the pleasures of th. yacatin,,
season and resume active operations
Inc one significant feature of the present
Unusual exodus OF big men Is that they
leave town long of stocks
mere mas been liquidation. and in consid-
erspie volume, but the total has not re-
suited In stripping accounts On the con-
trary' the low prices have attracted a mod
crate rep.acing Of stock sold The public
never buys at the low level Of a stagnant
market. higher prices are maid for sec',ri,
Ties which have passed to the stage Of az
gresslve strength. This strength Is moi i'm
medlately expected. and the daily tuctua
lions must continue TO reflect the profits
ana losses OF the room traders
chinese advices were construed tn he
hore favorable, at least to the extent thar
the powers were in harmony and fears ~
european complications are less pronounced
a. tit moment The depressing party may
De relied upon, however TO Iak. adyan
tase OF that situation should II Increase in
seriousness. 1t is doubtful however IN
IIoreisn interest will become a factor IN the
i iocal market before fall even should affairs
IN China and the Transvaal prnsress -,tis7
factorily. S"'i
The main hope Of the bear party is poIi-
ucs and a scare is relied upon TO demon
lower prices The various pools will a..
forced TO unload. it is argued. and once
signs of this liquidation are gwen nrofas-
slohSu selling will force a rapid ha ckward
movement: 1t is possible that the pools
thus sought To be attacked are oilife az
strong as their enemies and the expected
may be as disappointing as usual. The
Duylns OF the Pacific stocks Atchison Pre-
tsrt req ana other pool properties was one
OF the features Of today's strength
Prices rallied easily and the undertone
was decidedly strong. Some one has been
left on guard III spite of the absence of The
leaders, anu extensive declines are not TO
be allowed in a market naturally dull hur
Tor the season rather strong than othar-
wise. The best prices OF the day were re-
cofoeo during the nnal dealings