The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-07-19
Government Bonds

Again this morning, after q rather weak
opening the Stock Market was buoyant
and strong under heavy buying, supposed
10 come largely from inside interests, but
undoubtedly due partly also TO covering
by shorts that ind themselves mistaken
regarding the tone OF the market The
stinuIants applied this morning wee re-
iteratious of the gossip regarding the
great scope Of the community OF inter
ests plan. and Tehearsals Of the rumors
regarding larger dividends for a number
Of the Western securities The news from
the corn crop was conflicting but the
Street seemed 10 have the idea that Inc
damage likely 10 be done 10 the crop has
been discounted in the break that occur
red last week Easy money was another
buIlish factor this morning. It is pre-
dIcted that the bank statement viii be
good one the banks having gained in
cash both from The subtreaSuTy and from
the interior Nothing novel that inter
eets the Street has developed since Eester-
day regarding the steel strike. The strike
of the mine tiremen IS considered to have
ceased TO DC much of bear factor The
outlook is for fairly strong market for
the present unless tEe crop or strike
news assumes q new phase Of serious
ress Some reaction from the present
boom would not be- surprising. but on the
other hand Il seems quite possible Ilal
Their advance during the next te" Gays
with little reaction meanwhile
0ne Of the stories this morning was that
St. paul and Union Pacific are TO be ad-
vanced sharply TO near heir previous
Efgh prices in the near future in order
that the pools may liquidate the stocks
bought a few months ago during the com
rnunity Of interests buying This story
ron vii nE
other that obtained currency yesterday,
that the insiders will declare dividends
and increase dividends wherever possible
during the next few months in order to
DJI the price Of securities as high as pos
sibIe. The rumor Of = per cent dividend
for St. Paul and of ) per cen. dividends
for both Union Pacific and Northern Pa
c.fic was heard again this morning. but
received nc official confirmation The
Union Pacific dividend rate is without
doubt receiving the attention 81 the IN
siLerE and . per cent disbursement :
not unlikely If the crop outlook improves
The Could securities generally were
strong this morning. Miss0-ri Pacific and
Texas Pacific both making gains, in re
Spouse perhaps 10 the rumoT that the
Gould consolidation in the Southwest VIII
b., announced in the near future
Chicago Great Western was one of the
strong stocks selling early in the day
at =. The statement l. made on good
authority that the community of inter
ests people are making an effort to secure
the line
Chesapeake and Ohio was one Of the
strong stocks. owing perhaps 10 the story
that the dividend rate is TO be increased
10 . per cent per annum. The gross earn
ings of this line for the second week of
July showed an increase of $H,7s3
"
Western Union was one Of the buoy
ant stocks. at one time selling as high as
g. The stock IL bought after every re
action by investors on account Of its fine
dividend record
One % the matters Of gossip this morn
ing was that President SChwab has been
making an inspection Of the Tennessee
Coal and Iron plant with a view to pUr-
chasing il Tor the big trust
Illinois Central s strong. GulE- 30 the
Official announcement Of the proposed IS