Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-26
Advance Tendency Resumed
in Today's Market.
FROM l TO Q POINTS
TRADING OPENED WITH NO I'M
PoRTANT ADDITIONS.
Complicated Foreign Political Situation
Was Dominating Influence Abroad
Commodity Prices Firm.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 26.-The stock market
today resumed the advancing tendency that
characterized last weeks dealings. and
which was interrupted only by Saturdays
fractional reaction. Advances ranging from
! to points and over were scored in all
quarters of the market. The days total
transactions attained a fairly large aggre-
gate and reflected a very general distribu-
ton of speculative interest. Notwithstand-
ing that. however. there was again
heard no little complaint on the part
of commission houses of a lack of busl-
ness, which would indicate that the mar
ket's tendencies were In large degree the
result Of pool and manipulative tactics
The trading opened with no additions of
any consequence to the general SITUATION
relating TO the market at large. Previous
to the opening of BUSINESS American STOCKS
were shown in the London market quoted
at fractional declines in comparison with
Saturdays local closing figures but all or
the European markets gained strength
with the course of the day. and the
operations here for foreign account. while
on the selling side were not sufficiently
large as to offset the force or the new
buying.
The Foreign Situation.
The complicated European politician situa-
ton was again named a dominating In
fuence In the foreign stock markets. but
today's advances In that regard did not re-
veal any substantial change either for bet
ter or for worse. The commodity markets
We're generally firm. but the days inteiii-
gence respecting weather conditions was
satisfying enough.
Railway Statements Encouraging.
A large number of statements of railway
traffic were submitted. and these were al
most uniformly encouraging exhibits. Com
mentators upon the days transactions did
not find II necessary to go beyond the mar
ket's Internal circumstances to account Tor
the tendencies prevailing.
Offerings of stocks, even upon the extern
sive advances scored. were reported as ex-
tremey limited. a circumstance which nat
urally facilitated the bidding up or prices
when that process was attempted. There Is
Undoubtedly in existence at the present time
a short interest of unappreciated dlmen-
sions. and TO some extent purchases for that
account contributed to advances recorded
today.
There were also some Indications that GER
tain powerful speculative interests which
have long stood aloof from the market were
taking more active part In the proceedings
than for several months past.
The absence of any real news of import
ance of a favorable character relating to
the market at large was paralleled by the
lack of any favorable developments, aside
particular stocks. --'
Dividend Prospects.
Discussion of dividend prospects did. IN
deed. attend the movements in some famil-
lar instances. but otherwise the gossip cur
rent disclosed no novel features. The most
extensive and best-sustained advances in
the railway list were in Union Pacific.
Southern Pacific. st. Paul. Reading and
Erie. The local traction shares. with the
exception Of Manhattan railway, which con-
tlnued lethargiC. showed gains correspond
ing to those in the railway list.
The publication of the preliminary fig
ures of the Brooklyn Rapid Transt's earn
ings for the current fiscal year impaired
special animation to that stock. An in
crease i'll surplus. after allowing for all
charges and betterments. Of 81 Az 900 was
shown an Increase of about A per cent
over last years returns Price movements
in the industrial and miscellaneous stocks
were in accord with those in the remainder
of the market.
The United States Steel shares were no.
tably strong and active, and there were
smart advances in the rubber stocks the
gas securities and American Smelling