Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-10
Advances in Certain Stocks
To-day Regarded Sensational
A MOST STRIKING GAIN
MOVEMENTS IN RAILWAYS LINZ
TIED TO HIaHER-PRICED ISSUES.
The Upward Turn Extended to Other
Leading Securities-Some Sub
stantial Changes.

. NEW YORK, August 1O.-A glance at
the appended table of comparative price
movements In today's stock market will
reveal a number of advances which can
bnly be designated as sensational These
movements were most extensive In. and.
In fact. were practically limited to, the
higher priced issues.
The really most striking gain was that
In Delaware and Hudson In which stock
fhe dealings were largest of any In It's
plass Corresponding gains however
were scored in New York. New Haven
And Hartford. Delaware, Lackawanna
md Western, New Jersey Central and
Omaha. There was no common explana-
Mon of the collective advances made in
these stocks.
The movement there could hardly be ac-
counted for by any sudden recognition Of
hhe value of the equities in the constituent
properties, hence the view was generally
adopted that there were In process financial
Operations involving the transfer OF the
CONT oil of the Delaware and Hudson COM
bany to another corporation There has
been much discussion OF late with regard
TO the enormous earning capacity of the
dacka wanna company, and It Is understood
that the Delaware and Hudson is earning
fully 20 per cent upon Its stock
This is no new discovery. however. and
certainly not. one which would explain to-
pays really urgent buying of Delaware and
Hudson stetk.
In a small Measure the movements in the
stocks mentioned extended to other higher
priced stocks also, there taking place sub
etantial advances in both New York Gen.
trail and Illinois Central New York Cen
tral naturally figured prominently in the
discussion that attended the movement in
Della ware and Hudson
While the transactions in these stocks
constituted the most striking feature of the
DAYS market. 1t could hardly be said that
they had any particular relation to the day 8
most important news
The latter. In fact. was furnished In the
publication of the governments monthly re-
port upon the condition of the cereal crops
Stated briefly. there Is indicated a total
yield of about 70OOO0OO0 bushels OF wheat
and =. 100000 bushels OF corn.
The Crop Prospects.
The prospects for the minor cereals are
equally favorable. An excellent crop re-
port has been commonly recl1oned upon.
and there was certainly no disappointment
In that regard
The most direct reflection of this contri-
button to the situation at large was found
In rather increased animal ton in the deal
ms in AtchiSon, Rock Island and the Chi
cago and Great Western shares. Union Pa
cifc and the Northern Securities group
were comparatively sluggish. Other very
strong and active features OF the railway
list were Pennsylvania. New York. Ontario
ind Western and Wisconsin Central -.
The local traction shares were limited
during the greater part of the business
session, and the industrial and miscelia-
Heous stocks were comparatively dull.
London Market Dull
American Smelling and National Lead
rose further but Amalgamated Copper
gave scant reflection to an additional ad-
vance in the price of the metal.
The London stock market. while gem
orally steady, dull in the absence of
any definite intelligence with regard to the
progress Of events at Portsmouth. Foreign
houses were buyers in this market to the
extent of about 5000 shares
London advices reported the gold output
OF the Rand mines for the month of July
at more than $4,000 ounces, an increase of
more than 100000 ounces over the same
mOEth of last year.
The volume of business in todays stock
market was somewhat in excess of recent
averages. but was rather poorly distributed
and interest was quite absorbed in the
spectacular movements in the higher priced
stocks already mentioned.