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.

JEW 1Ofh, June ZD.-fTOleSSlOIdI OpSH-
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
tanned before midday. proportions consider
ably greater than resulted yesterday
There was a 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 q 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-
gendered then was in It's incipient stages.
Internationally manipulators at this time.
except for a 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
,or sale at the demand prices TN very scanty
supply and the markets line Of least re-
distance seems to be upward. There Is
reasonable amount of investment buying at
the obtaining level. also, Of which the COM
parative activity Of Western Union yester-
day and the American Sugar Refining To-Day
may have been illustrative.
Railway Dividend Prospects.
II the dividend declarations this summer
and fall. including those on the PennsylNa-
MIA group. the Hartman Pacifics and Anal
gamated Copper come up to expectations.
real stimulus to outside interests may be
provided and present manipulations. justi-
fed accordingly. One Of the interesting
OF accompanied by pessimestic ruInors 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 Pacifcs 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.
A good many thousand shares changed
hands at less of about a 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 4 per cent stock but the IN
cident 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 fulflment of expectation In
this regard will be reflected in any partlc,I-
lar way other than a strengthening OF be-
lief that other dividend increases through
out the year are In order.