Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-07-10
FINANCE AND TRADE
Vanderbilt Properties Were
Well Bought Today.
STEEL SHARES STRONG
REALIZING IN SOME OF THE
CHANGERS.
Disposition Apparent to Take Up
New Lines for the Spe-
cialties.
STEEL SHARES STRONG
'ecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, July 10.-Seme frreguiarity
was apparent in todays stock market as
the result of a shifting OF speculative in
terest, but the tone of the market was well
sustained. The Vanderbilt group was made
a leader early In the day and the buying
was thought TO be better than the average
In some quarters the demand was attribut-
ed to inside interests. who were said to be
reinvesting July dividends
New York Central, Big Four and the
Nickle Plate issues all showed the effects
of a Now inquiry, particularly the former
pennsylvania was taken In hand and ad-
vanced under buying by Philadelphia
houses and the active western contingent
The scft coal stocks Were all higher a. the
result OF better trade conditions the buy
ing being credited to Pennsylvania sources.
nder cover of the strength I'm the higher
grade of eastern properties there appeared
TO be steady realizing I'm ST. Paul, Missouri
Pacific, Union Pacific and, for a time, in
Illinois Central
The interests identified with the corner in
the Chicago grain market were said 70 be
reducing their lines OF stocks in order to In
crease their resources in the west.
Ihere was sharp rally from the low fig
ures In Missouri Pacific and Illinois Central
but st. Pau and Union Pacific We're inclined
TO be heavy. Rumors OF western activity
In Colorado Southern and Kansas City
Southern were heard, but prices were only
well sustained in that group. There is
however. every prospect that the low
priced shares of well-managed properties
Will come into increasing prominence later
in the summer
The government crop report Is eXpected
to show some improvement In wheat con-
dltlons. but possibly some falling off I'm
corn acreage as the result of recent rains
Conditions on the whole are expected TO
make good showing for the season OF the
year.
1t was reported in conservative and usu-
ally well-informed circles that the United
states Steel stocks would be supported from
now on and that the specula tive character
or the litigation would work its own failure
This assurance gave a better tone to all the
steel issues and helped the Industrial de-
partment generally.
The low-priced stock of the independent
companies came in for increased business
and showed a willingness correspond to the
buying. Virginia Carolina Chemical was
higher as the result of the encouraging re-
port and was moderately active American
Sugar was weak in the early trading but
the covering of short sales forced sub
stantial recovery during the last hour
Amalgamated Copper opened up fraction
allv and Anaconda opened at gain Of
per cent. Copper trade conditions are not
very encouraging, however, and public in
terest in copper stocks is not easily aroused.
Anthracite coal news was unchanged in
character and the stocks of such properties
were irregular.
Trading was decidedly mixed I'm character
at the close of the day, but there were evil
dences that the buying OF the higher grade
shares was better than in some weeks
Money was easy, but not abundant owing
to the needs of the west.