Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-06-24
Sugar Stock Was the Feature on
Change Today.
GOOD BUYING OF ILLINOIS CENTRAL
Fair Demand for Some of the
Steel Issues.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star
NEW YORK. June 24-Trading In today's
stock market was of the same perfunctory
character as that noted last week Lead
ing interests were not active. and the VOL
ume OF commission house business was in
significant Opening prices were steady
with the exception OF the coal stocks all
OF which showed the sympathetic tnfu-
ences of the Reading strike. The latter
difficuty did not extend to any pronounced
proportions. however and DISCOURAGED new
business rather than liquidation of long
stock
American sugar was weak for a time
but later came into prominence as the most
active feature Of the day. Advances I'm the
refined product brought in considerable
new buying, and a sharp rise was recorded
just prior to the delivery hour There
may be many false starts in the campaign
In this property. but the street is con-
WINGED that the inside interests are work.
Ing in the direction OF higher prices during
the summer season.
The Traction shares were strong under q
good demand. the buying OF Manhattan
being again conspicuous. Denials of the
lease story were numerous, but there were
evidences of good buying by new interests
The stock responded easily to the demand
and attracted a fair volume OF speculative
business.
Some good buying of Illinois Central was
noted at various times during the day. and
was accompanied with rumors of impor-
tant consultations and increased earnings
The Granger roads a class were barely
steady. however, and there is a tendency to
hold aloof from them until the crop uncer-
tainty Is disposed Of, or the community OF
ownership takes some more active form
Union Pacific and all the Pacific shares
were neglected and irregular
A good demand for the new steel shares
was recorded during the day. the buying
Oh the common stock being based upon
rumors Of a dividend at or near the same
time of the action on the preferred Earn
lngs are said to be fully up to expectations
on these issues, and there would seem to be
no good reason for delaying payments on
the common shares.
The recently listed distilling securities are
being made attractive to traders and
rumors or increased earnings are persis-
tently circulated. Dividends on the prefer
red stock are limited at in certain quarters
The general market is too apathetic TO take
any serious interest In such sudden pros
perity, however, and the issues are not
active.
The industrial list was irregular. and.
with the exception OF Steel and Sugar,
quite as dull as the regular department
AS an evidence of the extreme dullness
and the prospect for continued inaction a
petition signed by 80 per cent of the entire
membership, requesting the closing of the
exchange July 4, and q. is to be presented
to the governors.
The vacation dullness on this side and
e-settlement dullness in London throws
the market back upon the limited resources
of the professional element. Special move
ments alone seem likely until after the
middle of July. The market is well in
hand, however, and dullness should cause
no alarm. Inaction under present condi-
lions does not mean reaction.