Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-25
Crop Situation and Outlook
Interested Brokers.
THE u. s. STEEL REPORT
STOCK MARKET WAS EXTREMELY
DULL AND IRREGULAR.
Dealings Today Were On Very Small
Satellite Significance to
Swings in Prices.

NEW YORK July 25.-Speculatiye atten-
zion and discussion were today at least
nominally engrossed with the agricultural
situation and outlook, and the quarterly
report Of the United States Steel Corpora
ton which Is to be published after the
close of business session. as might be ex-
pected. the advances recovered over private
wires from the west respecting the crops
were conflicting. but none Of them bore
out TO any extent Saturdays alarming re-
ports.
The usual weekly bulletin of the Ag-
ricultursl Department was thoroughly en-
couraging exhibit. particularly as related
to spring wheat, which crop has had to
bear the brunt of the recent trust rumors.
The state of the corn crop was altogether
satisfactory, and with regard to the winter
wheat harvest that was reported as prac-
tically concluded and showing good results
in respect both of yield and quality.
Rather less satisfactory comments were
made upon the state of the cotton crop.
The grain market fuctuated very irregu-
larly. but cotton advanced further, all OF
the options rising well above IL cents. At
the opening of business In the grain market
a further decline of about ! cent q bushel
was added to yesterdays extensive break
and the stock market responded to the
weakness in wheat, with quite a general
showing OF strength. Before midday. how
ever. wheat had recovered the whole of IT'S
early decline and advanced Well above yes
terdays closing prices. The stock market
accordingly. lapSed into extreme dizziness
and developed an irregular and rather reac-
tionary tone.
Foreign Operations Trifing.
Operations here for foreign account Were
however again upon trifiing scale and
showed meager net results
list toll Oh in
market or foreign exchange conditions.
There was little actual news relating to one
particular stock or another. The American
Hide and Leather Company declared a divi-
dend of l per cent on its preferred stock.
the same rate that was fixed three months
ago and Amalgamated Copper firm on
a legal victory in the Montana courts In
one of the innumeFable cases under liti-
cation with its chief competitor in that
state.
notwithstanding the widely divergent es-
Inmates of the earnings of the United STATES
Steel Corporation, those stocks were very
firm during the morning session, although
showing greater irregularity during the
afternoon I'm common with the general list.
The Railway Dealings.
In the dealings in the railway list the
Northern Securities group OF stocks
showed renewed strength. although upon
very light transactions. Reading common
was one of the most active features of the
entire market and showed very wide iuc-
tuatOns. During the first hour of business
the stock rose easily over point but by
The middle of the afternoon this extensive
gain had been converted into net decline.
Union Pacific covered an almost equally
Wide and irregular range. Louisville and
Nashville was under some pressure from
the opening of business, presumably be-
cause of the spread of yellow fever in New
Orleans. Illinois Central on the other
hand. which would be almost equally at
fected by the same circumstance, was com
parattvely strong
The Vanderbilt group of stocks showed
early strength. with particularly sharp ad-
vances in the New York. Chicago and st.
Louis stocks, but these also lost ground in
the afternoons irregularity.