Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-27
Today'S Stock Prices Continued
to Advance.
THE TRADING BR0ADENED
Foreign Houses Active on Both Sides
of Account.
MONEY CONDITIONS UNALTERED
Estimates of Currency Movements In
dictated a Net Gain-Large
Volume of Business.
snecinl nispntch To The Star.

Special Dispatch To The Star
NEW YORK. July 27.-Prices continued
TO advance in today's stock market and the
trading broadened materially with the
course of the business session. The move
Inent in prices could only be described as
being continuation OF the tendencies
which have been exhibited in the market
with small interruptions for the past two
weeks
At all events there was nothing that was
novel and important In the mornings news
or in the DAVIS occurrences which could be
named accounting directly for the mar
kets course. Russian securities remained
firm abroad and the London stock market
was generally strong. foreign houses tad
ing on both sides OF account In the local
market. but their operations showed pre-
pondsrance OF purchases amounting 10
about 5000 shares.
Money market conditions were unaltered
and sterling exchange showed somewhat
reactionary tendencies. The preliminary
estimates OF the principal movements OF
currency during the week indicated net
gain in cash by the banks of more than
100000. hence another exceedingly Strong
bank statemern would seem to be assured
for tomorrow. as 1t is hardly probable that
the loan account will show a sufficient eX-
panson as to change the outcome material
ly In respect of surplus reserves.
This prospect might perhaps be named
as accounting in some part for the stock
markets animation, particularly in The
early afternoon when the forecasts were
published. There was very large increase
in the volume of business, and activity
was more consistently maintained than has
been the case recently. \ very general
distribution of interest was likewise appar-
ent. all quarters OF the market receiving
fair amount of attention. Aside from roa-
tine circumstances. there was very little
news relating to one stock or another.
Denial of U. P. Rumors.
The president of the United Pacific com
pany took occasion 10 make an explicit de-
NAL OF the rumors which have been cur
rent this week that the control of he ST.
Paul property had been or was being re-
quired in the interests of the Union Pa
cific and perhaps in consequence ne price
movements in the stock in question. and
also in Southern Pacific, were rather more
Irregular than those elsewhere in the
market.
All of these stocks were largely dealt In.
however and other notably active features
OF the railway list were Southern Railway.
louisville and Nashville Reading, Atchi-
son and Baltimore and Ohio.
The last named, while comparatively slug
gish. might be credited with showing rather
more animation than 1t has displayed at
any time since the declaration of the In
creased dividend.
The animation of the United States Steel
stocks might be said to be sufficiently ex-
planned by Tuesdays dividend announce
ments and the publication at the time OF
the corporations report for the June quar-
tor but talk was heard in speculative cir
Giles with regard to the possibility of other
important statements to be made after
the meeting OF the directors. Elsewhere In
this quarter of the market substantial adj
vances were scored by American Smelling.
National Lead, Colorado Fuel and Iron
Sloss- Sheffield. Republic Iron and Steel
Amalgamated Copper and American Loco
motive.