Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-22


The total sales reported since January 1
amounted to 1851 81 pounds domestic &c.
OPT 400 pounds foreign aggregating II, $685.
BAL pounds, as compared with 81 1870
pounds domestic. So 75S, O31 pounds foreign,
aggregatlng ss275.O91 pounds during the
corresponding period last year The ship
ments of wool from Boston for the week
We're 2,712279 pounds, as compared with
3,C'6,099 pounds last week. The shipments
since June 1 has been 1872. Isl 1853 pounds.
Inc week In wool has shown some encOur-
aging developments In respect to the course
of the goods market.
1t Is hardly to be supposed that Mitchell
Is going to start his threatened fight In the
anthracite field before the three-year agree
ment expires next spring. That would be
to forfeit any claim to respect whatever.
Again. the campaign that he has started
now is obviously to reorganize and strene h
en- the mine workers union for fight that
would obviously be premature II started
now.
Chicago dispatch says that the plan to
retire Knickerbocker in connection with
preferred. by a bond issue that would
yield 81 OO0, 600 for other purposes, has been
abandoned temporarily. This may mean
that not enough common and preferred
stock has been acquired yet to put the
plan through with the complete success de-
sired. That there has been such plan
has not by any means been an open secret
in Wall street.
Analysing railroad returns the Chronicle
says: I'VE have very favorable state
ment of railroad earnings for the month
of May, both as to gross and as to net. AS
compared with the corresponding month
last year our compilations show an i'm.
proVement of $11 1873 S64 in the gross earn
ings. or 1O.13 per cent and an Improvement
of s3.573, 1873 In the net earnings, or 10. 80
per cent.
c. Schumacher and Company saw: at ia
rather unusual to find an exchange market
with so little backbone during this time of
the year but the explanation Is very near
at hand since the continued ease of our
money market has prevented our bankers
from drawing their long bills freely, and
therefore there Is very little inquiry for
exchange for cover of the sort. In fact
most of the long bills which are coming
due are now being renewed, because IL is
more profitable to do so and buy CONNER
cial bills for October and November de-
livery. which can be had at slightly lower
rates.
In their weekly financial review. J. g..
Bache & Co. say: Nothing is clearer to-
day than that general business conditions
and prospects are excellent. The long-de-
layed movement In pig iron has arrived,
and for the first time In two months the
pig iron market is active at advancing
prices.
THAT the prices of active stocks have adj
vanced an average of points during June
and July Is sufficient in itself to impress
upon the mind the necessity for caution
during the remaining summer months"
Atwood, Violet & Co., say In their week.
ly market letter: IAN important question
to consider Is where the greatest possible
gain be realized In n readjustment of values
by gold imitation. Surely real estate mort
cages. bonds and other securities which
have fixed yield would not offer the at
traction. while the yield on stocks, not
being fixed. may be increased. If bumper
crops are realized, and with an imitation of
gold. who can predict what may be before
US In the stock market In the next twelve
months? Pennsylvania railroad securities
are destined to sell higher. The earnings
of the road, together with its increa sing
Income from contributory properties. should
insure a market value higher than present
quotations. Looking to the future. its ex-
tenStve mprovements-which will give 1t an
unrivaled entrance into and under New
York city and a direct route from Montauk
Point to the west-will be of incalculable
benefit. Our confidence In all the Erie is
sues is still unchanged The market may
sell off some, but IT will only be an incl
Iona rin1 haIt Will ho