Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-06-25
FINANCE AND TRADE
Bears Make Another Attack, Sc
lecting Railroads Today,
PRICES LOWER IN CONSEQUENCE
Some Of the Industrial Stocks
Were Well Supported.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK. June 25.-The selling of
stocks was resumed again this morning by
traders. and commission houses had orders
to sell long stock as the result Of exhaust
ed margins or exhausted patience. 1t was
evident that support was to be given on a
scale down. however. and traders resorted
TO the familiar device Of covering one group
while attacking another
The Changers were sold Off sharply under
professional attack. but some round
amounts were willingly bought on the de-
cline. Burlington. Rock Island and St. Paul
made new low levels. but all recovered dur
ing the early afternoon.
In preparing for the covering in these
shares Baltimore and Ohio was attacked
vigorously. the common stock being forced
down per cent in less than q half hour
The fact that these shares had been in a
measure neglected. coupled with the pros
poets Tor delay In dividends on the COM
mon. made them especially sensitive to a
concerted attack
Brooklyn Rapid Transit was forced under
manipulation in the hope of catching stop
oIoers was apparent The buying during
the noon hour was responsible for a re-
eovery OF over B per cent from the low
AS on previous days while this stock was
weak. traders forced declines In Peonle'.
Gas and Rock Island. The last named
s srs, was helped In the decline by the crop
arguments, applicable to all the grain
carrying roads but the Gas stock showed
demand from semi-inyestment class
VINO opposed the sympathetic decline on
the r rseoty .nat increasing value must stay
sne feaction This entire group of Flower
speciaities' responded easily to the demand
later In the day.
American Sugar was forced into line by
the room and was not given any pronounced
support until 1t sold under III from which
point covering demand advanced the
price per cent. As a whole the Industrial
i list was less active than the railroads, the
size OF the present short interest making
new selling for that account Somewhat
naAa roous. The demand from other than
.ne snort account is SO small. however. that
traders are not easily frightened
The news Of the day was neither i'm
P0rtant IN character nor in volume. The
Snnese situation Is too vague to allow for
inteiligent deductions. yet much depends on
hm. ou.cohe. In banking circles there is
put one view as to ultimate results name
~ broadening of American markets. in
.ne orient An increased commercial i'm
por.ance as well as an Increased COM
merciai responsibility for the Pacific coast
states Is confidently predicted.
domestic politics bring out the two cus.
toinary opposite views. One party believes
IN tne low prices on this decline in advance
10 Time VI the Kansas City con-
vehtion. The bear contingent. on the other
mana, predicts a midsummer scare as tina
result OF close and doubtful politiraI
race; The public will be most impressed
py the latter view perhaps, but should the
banking interests be convinced of the for
mer outcome there are many enterprises
Der. " >o'ehi
the greatest project now in process of de-
Eeiopment Is the anthracite coal deal Any
determined movement in these properties
Will be taken as an indication of the lower
ing OF danger signals The market became
dull at Its late recovery. but prices held
above their low level of the first hour.