Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-06-05
FINANCE AND TRADE
Stocks Were Irregular Under Early
Realizing Sales.
LIST WAS STRONG In SPOTS
Rock Island Was the Feature,
Gaining 5 Per Cent .
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, June 5.-Tradng in today's
stock market very irregular in tone
and gave evidence Of a desire to realize On
the more prominent issues Of the last wees
London advices reflected similar tendency
and helped I'm directing the local market
toward a slightly lower plane.
The usual quota OF interesting rImOrs
were in circulation. and a few OF them
found reflection in the course OF prices.
Denver issues were especially strong. both
here and In London. on a report that no
shares of this stock would be exchanged
for one of Missouri Pacific.
This report served to attract attention
again TO the southwestern group and buy
ing as good as any I'm the market followed.
Atchison was again in demand by strong
interests and many rumors were circulated
in explanation Of the rise. one rumor that
gained some Roadway was TO the effect
that Union Pacific would lease the prop-
erty and guarantee dividends on an ad-
Nanctng scale until per cent was reached.
Interests identified with the best buying OF
Atchison continue to show a preference
for the story, associating the property with
Pennsylvania. To this end the latter stock
is being bought by those Interested in
marking up Atchison.
Rock Island is also regarded as figuring
in the Atchison transaction. but the search
ty of the stock is sufficient excuse for its
wide fluctuations.
The feature of the last hour was a sharp
advance of per cent in Rock Island in the
face Of reaction in the general market
The railroad list outside of the spe,,lalties
failed to make any headway. and seemed to
reflect desire to take profits on specuIa-
tive holdings. Union Pacific and Southern
Pacific are freely absorbed by the leading
banking interests. and are expected TO 10
the subjects of interesting announc.m. mis-
later in the month.
American Tobacco and the Continental
Tobacco issues were also prominent in the
rumors of the day. and gained something
from such reports. Indications now point
to the Incorporation of a new company to
take over the two properties named. issu-
ing new securities in payment. The present
Idea seems to be that the Continental Com
pany will be taken in at about one-half
the rate paid for the American Company
Ten thousand dollars par value In a new
per cent security and double that amount
are the respective proportions. according
TO board room gossip.
The Industrial group as a whole declined
during the selling in the railroad list. but
the declines We're not material. Sentiment
is mainly favorable but the impression
prevails that the market would be safer
for a setback. Professional traders are
We'll organized, and some short selling ia
to be expected on all rises. While the mar
ket shows the presence Of contending Fac.
tions. the buying the decline shows no
signs Of decreasing. Money is easy. and
many bankers believe it will continue to be
for an indefinite period Stocks are in
strong hands and cannot be disloiged nv
professional hammering