Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-10
Market Seeks Higher Level
on Crop Advices.
POOLS BULL STOCKS
STRIKE NEWS ENCOURAGES
STOCK OPERATORS.
Wall Street Believes That Coal Trou-
bles Will Soon Be Satisfactorily
Adjusted.

Special Dispatch to The Evening Star.
NEW YORK, June 10.-The hardening
tendency noted In yesterdays price move
ment was still further emphasized in to-
days market Important interests not
hitherto active in this seasons market were
credited with new activity, and In at least
few instances there appeared TO be good
ground for such statements
The return of the active members OF the
so-called western contingent may also have
had some influence. since they bring back
glowing reports OF conditions in the agri-
cultural districts. Crop news is decidedly
encouraging ana The increased acreage OF
corn will admit OF substantial decrease in
yield and leave harvest OF almost record
proportions.
Accepting this view and giving proper
weight to present Increases in earnings.
holders Of stocks find no incentive 10 sell.
The discounting done last year has In nu-
merous instances been fully sustained and
justified by the realization OF the records
then predicted. Prices and values are closer
together than at any time since the boom
period and there is increasing prosperity
upon which to base further advances
Pools and cliques have specialtIes to
which these facts do not apply, but the
market is whole has much that Is hope
ful behind II. The coal strike Is a most
untlmely incident. but thus far It has re-
tarded business only and not upset Il or
seriously disturbed maturing plans. News
from the soft coal territory was taken to
indicate but partial success to the strike
movement and some buying OF Hooking
Valley and Baltimore and Ohio followed.
In the anthracite field the operators con-
tinue to prepare for a resumption of bust
ness in spite of the various efforts to force
sympathetic strikes. Some disaffection il
noted among the strikers and reports are
current of a willingness Of certain union
men TO resume work If ample protection IL
provided.
The operators have more to gain by re-
fusing immediate employment to such men,
however, and there is no prospect of actual
mining for some time to come
The street is inclined TO the view that the
coal problem will be worked out upon salts
factory lines In due time and that other
plans may be carried forward in spite OF IT,
For this reason the western roads with
good earnings and good crop prospects are
being bought on all weak spots
The advance in St. Paul was said to rep
resent some buying for the Standard Oil
interests, and these interests were quoted
as more optimistic on the general market
than at any time of recent date. There
was good buying in Atchisdn. and some of
1t was for the pool. Notwithstanding re-
ports that that interest was liquidating.
There are not many properties in the
market In which future prospects are more
encouraging than in Atchison. The decla-
ration of an increased dividend on Omaha
common yesterday was an encouraging In
cident which found reflection in higher
prices for Northwestern today. Union Pa
cifc was stronger and there was a fair de-
mand for Missouri Pacific.
The industrial list was dull and only
steady.
The steel stocks were strong at recent
concessions, and there was little new de-
mand for them. Leather issues were strong
some investment buying OF the Preferred
being reported Lead was well bought,
but no new light was thrown upon the con-
soidation project. .---
Money loaned under 3 per cent, but the
banks continue to loose TO the slIbtrea sury