Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-12
Prices Hardened After the
Opening Today.
THE CROP INFLUENCES
PROSPECTS FOR RECORD BREAK
ING HARVEST NOTED.
Dealings Were Ccnducted on a Very
Limited Scale at First, But
Increased Later.

Special Dispatch TO The star
NEW YORK. July I'm the cary deal
ings IN this mornings stock market the
trading I'VE only FAINT reflection of the
unexpectedly favorable government report
upon the condition % the cereal crops. but
with thu course of the business session
prices hardened materially.
The figures of the Agricultural Depart
ment indicate total wheat crop of more
than IOO.icl.tOl bushels. and corn crop
of 1000. tbi.J bus les. The outlook for the
other grains is equally sat sfactory. what
such harvest means to the country
trade can hardly IL exaggerated. Not only
does II appear that the total grain har-
vests VIII attain reCOrd-bTCaN!n proper
tons. but there Is the equally satisfactory
assurance that they VIII all be marketed at
prices highly remunerat.ve to the farmers
The grain market today paid the compli-
ment TO the governments report of break
ing sharply, but cotton continued ve-y
strong.
Another very favorable feature of the
days general situation was the substantial
relaxation in the foreign exchange market,
which also in part was influenced by the
agricultural prospect. Money call
manned exceedingly easy. but with some
what hrmer tendencies apparent in the
market for time loans In the early part
of the day these circumstances seemed to
be to some extent counterbaianced by the
revived notoriety given to the affairs of
by il continue ton of the liquidation which
conducted yesterday.
The dealings were conducted upon a very
limited scale during the forenoon session.
but after midday there was a marked in
crease of animation. The London stock
market was firm. and the fortnishtly set
tlement upon the stock exchange there
made favorable progress.
Foreign Houses Business.
Foreign houses were buyers here to the
extent OF about 20.oO0 shares. So far as
the movements In particular stocks were
concerned there was little In the way of
news. and gossip OF novelty could be
cited. Conspicuous features of the afternoon
dealings were Great Northern preferred and
Northern Pacific. In which stocks any APP
pearances of animation are always greeted
with especial attention.
Union Pacific remained the most active
feature of the market and showed about
the widest fluctuations which were re-
corded. During the first hour the stock
was under rather pronounced pressure. but
later rallied very sharply in common with
the rest of the list
There again active conjecture with
regard to the decision of the Union Pacific
management regarding the dividend on the
stock, while in the instance of Baltimore
and Ohio II is taken for granted that the
rate will be esta blished at , per cent an
nually. Other very firm features of the
railway list were Erie. New York Central.
AtChison and Reading.
The local traction shares showed recov-
cries apprOximating those in the railway
list. The dealings in the industrial and mis-
Cellaneous shares had the same tendencies
and characteristics which were noted in the
market at large. Transactions there were
largest in Amalgamated Copper. the United
States Steel shares. Colorado Fuel and Iron
and Tennessee Coal and Iron.