Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-20
Operations for a Rise Marked
Today's Opening.
A SCARCITY OF STOCKS
CONFIDENT INCREASE IN THE
VOLUME OF BUSINESS.
Manipulators Taking Chances With
Crop Markets-Railway Dividend
Declarations Stimulating.

NEW YORK, June 2o.-Professional oper-
atoms for the rise, encouraged by the sue
cess which rewarded yesterdays tentative
efforts, were resumed in the stock market
today. These tactics aided by marked
scarcity of stocks and by very moderate
amount of real outside business, resulted In
a further all around advance which at
tained before midday, proportions consider
ably greater than resulted yesterday.
There was coincident increase in the
volume of business, well indicated by the
aggregate of something less than quarter
million shares recorded In the first two
hours. Grave doubt may be properly en-
tertained as to the genuine nature Of con-
siderable bulk of the total transactions,
and probably Wall street will begin to hear
soon, provided manipulation continues, the
same charges of laundry work which were
hurled at the brokers and traders last sum-
mer, when the remarkable bull market en-
rendered then was in its incipient stages.
Unquestionably manpulators at this time,
except for turn, are taking their chances
With crop returns, the outcome OF the war
md rumors OF wars throughout the world
md the future Of general business. but
meanwhile the facts remain that stocks are
yery strongly held or are at least Offering
Tor sale at the demand prices In very scanty
supply, and the markets line of least re-
distance seems to be upward There ts
the obtaining level also, Of which the COM
parative activity Of Western Union yester-
day and the American Sugar Refining today
may have been illustrative
Railway Dividend Prospects.
If the dividend declarations this summer
a2d fall. including those on the Pennsylva-
MIA group the Hartman Pacifics and Anal
gamated Copper come up to expectations,
real stimulus as to outside interests may be
provided and present manipulations- justi-
fed accordingly. One of the interesting
movements of today's session was caused
OF accompanied by pessimestic rurnors con-
corning one of the most influential of the
expected dividend disbursements at an in
creased rate-that on Reading common.
Whole Market Higher.
The whole market opened fractionally
higher. on a continuation of the profession
al operations begun yesterday, and the
prominent stocks like the local fractions,
the Pennsylvania group. copper and the
Harmon Pacihcs moved strongly upward
until about the middle of the second hour,
when suddenly there appeared a rather dis
turbing manifestation of pressure in Read
ing.
good many thousand shares changed
hands at a less of about point from
top prices, and rumors were current that
the stock was not going to be placed on a
per cent basis just now. Temporarily the
whole list was unsettled and sold off from
Il to "a without activity. however. and
when Reading rallied sharply at the ex-
pense OF number of room traders who
had put out short stock in it prices made
a general and ready recovery.
All the best information obtainable Is that
Reading is per cent stock. but the in
cident was significant of the effect that the
failure by the directors tomorrow to estab-
lish the rate expected would be likely to
have, although it would be too much to as
sumo that the fulfilment of expectation In
this regard will be reflected In any partic,l-
lar way other than a strengthening OF be-
lief that other dividend increases through
out the year are in order