Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-30
Stocks Opened Fractionally
Higher on Wall Street.
GAINS IN INDUSTRIALS
COLORADO FUEL AND IRON GAIN
ED THREE POINTS.
The Gould Properties Were Again
Strongest. Paul Inclined
to Sag.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, June 3o.-In the London
stock exchange this horning American
railway shares opened at about New York
parity. Business was very light and job
bers were inclined to await the opening of
the stock market at New York before maxi
ing any commitments.
In the local stock market prices were
fractionally higher. the continued improve
ment in King Edwards condition and the
exhibition Of cheerfulness at London stock
exchange were encouraging influences
which appeared to offset entirely the re-
ports of excessive rains in the crop regions.
The market, however, was rather quiet and
commission house orders were limited.
The Gould stocks continued to show
strength, Missouri Pacific, Texas and Pa
cific being the leaders, with good fractional
gains in the former and over l per cent adj
vance in the latter on better weather con-
ditions in Texas. Canadian Pacific gained
over L per cent on London buying and
there were fractional gains in Pennsylva-
MIA, New York Central Union Pacific and
the Atchison issues.
500 preferred after opening off over 1
per cent soon recovered the loss while nli-
nois Central, after a somewhat lower start,
quickly gained nearly per cent on a re-
newal of the strong buying so conspicuous
last week.
St Paul was inclined to sag a little. the
idea being that it had served its purpose
as market leader for the time being and
that something else would be taken In
hand-Atchison, most probably.
There was firmer tone in the anthracite
stocks, especially in Reading. on reports
that the miners were weakening and would
return to work il given a chance TO do so.
1t was also stated that Coke Bros. may re-
sumo this week.
In the local traction shares Manhattan
continued to show firmness, while the other
issues in this group were steady, but in
active.
The particular feature of the Industrial
list was the strong rally in Colorado Fuol
and Iron, which after opening off one and
quarter per cent, and holding steady until
about the end of the first hours trading.
was then bought in good amounts and ad-
Vanced nearly three per cent. Rope and
Irvine issues on moderate transactions adj
vanced one per cent. Amalgamated Copper
acted heavy in the early dealings and lost
nearly one per cent before the noon hour.
IN the early afternoon money worked up
to per cent, then back again to d.
showing little more activity, which led To-
fractional reactions in the general market.
but pressure to sell was lacking Just he
fore delivery hour there was a strong rally
in the active industrial stocks led by Sugar
and Colorado Fuel and Iron the former
gaining about per cent while the latter
made further gain of IL per cent over its
earlier Improvement. There was also a
sympathetic advance of about 1 per cent
In Amalgamated Copper, while the general
railroad list improved fractionally.
The buying of st. Joseph and Grand Island
was considered good, and there was buMish
talk on Wisconsin Central issues
There was little inquiry for Pacific Mail
stock on the idea that it's business VIII be
materially improved by increased traffic I'm
the way of supplies for the Panama canal
insiders Were said to be accommodating
Missouri Pacific stock on all reactions
There was very moderate liquidation I'm
one or two pool stocks. noticeably in the,
500 issues, but stock did not come out in
any quantity.