The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-12

\ duH ttatsfs' mafhs' IN Witch iscis ~
participation by tho aebHrsi frihlie si1spl
nu' prominently HHi IN shieh pficHa VI
hfi'ef iffeetHfiv heiNeen strength AMI
sethneas elppihe fof me mus' fHft " = nrf
siranc" sss tha Un'inmng ieg'ufe ~ i~al
Ines ~ ihe s,reb ftchdusH f0.dsy Tho
movement ~ values ~ distinctly iotatl
. hrsef laval IN tho ntH haif hutu n irui
nNss Inief q resumption n tho selling Wfve.
mont that maie ltseli ieit IN tLr MARKET
IN tho lstief tHft N laa' srrR iho frault "
fhis iriNa That ~ ite eht ~ ihe fitrr meh
tipnri Nv sisv derliNrs ~ ihfee tNlnts ~
ttute frrm me- Highest Itirrs made las'
Thursday Nete sh,sn IN maty n ihe ~
Tive stuoha 80 iafgr = fall NJ ihia IN stth
y felaU veiy hntfos market ~ Nvidentlv
rfNvsiis naturally inytts,i ttuni taklne IN
The faft NJ st~ctlaiots nv Tho decNns ami
alar lNi Nv spne huvlns " stocks iot tho far
~ hnhiital otrtatnra M tho gnsnip ~
thS iay beNfina ufs,n tho marke, centfwi
urn tho ttrvafntn~h,' = monthly cfup tetsifi,
stitch N \ knowh would h- mihlishcI N
> O'clock IN tho afternoon, and whom this
appeared Tho huyins NJ slocks increased,
NJ n almost invariably tloca on auch 100.
ofsion bascd, In tho first placr, utpn tho
theory that = definite announcement ~ Nt-
t@cted bad news fucana tho end NJ Ia in
favorable eNcct market wiaa and, secpnd,
upon q reaction In sentiment eRardlnR tho
character n the news itself. The market
was helped aiao nv The further accumula-
ton n Chicago, Milwaukee and ~. paul
common stock, which went on during the
day In u~ndoubted anticipation ~ Tho ward
NJ valuable privileges 70 the ~. Paul
ahareholderu 10 suhscriha to tho new
iSs,le ~ stocks and bonds which tho com-
pary Ia about To hiring out hut aa no settled
idea M 10 tho exact worth ~ the rights
In question could he obtained the buying
Of 81. PAU stock to-day was not. Of course.
widely distributed The Delaware and
Hudson shares advanced seven points
without any other explanation for the
movement than the circulation Of stories
that nave been heard a score Of times in
Wall Street during the last two years-that
the Della war; and Hudson Company liz to
benefit considerably at some time in the
future by n sale or lease OF its iron ore lands
In the Adirondack region and a sale Of
aome Of its real estate in this city. Very
little credenoe attached to-day to a rumor
originating in Philadelphia that a scheme
was maturing for the merger into a new
railroad system Of the Reading. Baltimore
and Ohio and some other coal railway
properties, The general conviction that
dividends at a greater rate than I per cent
will not be declared Upon Consolidated
Gas stock pending the settlement Of the
litigation in which the company has en-
gagged concerning the constitutionality OF
OF the eighty cent gas law in this city was
responsible during the early part OF the
day for a renewal OF the heavy pressure
noticed last Saturday to sell Consolidated
Gas stock. The publication in the morn
ing newspapers Of the returns filed for
local assessment purposes in Butte, Mon,
OF the profits Of the subsidiary companies
Of the Amalgamated Copper organization
we're without influence to-day Upon quo
tations for Amalgamated Copper stock.
The most significant item in these returns.
as in the annual report Of the ~Amalgamated
Copper Company recently published, we're
the disclosures made as to the large earnings
Of the Butte Coalition Company and the
intimate relations Of this company with
the Amalgamated Copper interest.
The Government crop report to-day,
which was duly made public at the lime
get for 1t, was in some ways better than
had been looked for, but in other ways
not 80 good. 1t was more encouraging
regarding the spring wheat thar people
in the grain trade had been led to believe.
The condition Of spring wheat as Of date
of June / was put at 90, or practically the
same as the high average of 9s.7 per cent.
shown in June a year ago, and as the acre
age OF spring wheat was estimated at H.
9s7, 900 acres, as against 17,e1s,ooO acres
- LAMA tonG n oron ~ opr,on wbaaf ITO,
indicated Of 29s 900, 900 bushels, as against
2e4, Oo0, 900 bushels at this time a year ago.
On the other hand, the Governments esti-
mate OF the condition Of winter wheat fell
from an average of Of per cent. on May 1
to SO per cent. on June 1, the indications
here being for a crop Of 412 900, 900 bushels,
against an estimated crop of 45s, OOo, 900
bushels in the preceding month. The
total winter wheat crop as now indicated
stands, in other words, for 71O, 600, 900
bushels, as against 72l 600 900 bushels indi-
Gated in this month last year, so that taking
the hazards Of the remainder Of the year
into account it is on the whole doubtful
IL as large a wheat crop as that gathered
last year will be harvested. The promise
is still, Of course, for an abundant yield
of spring and winter wheat, and yet it is
fair to say that optimism on the subject
in the fina ncial community is not as pro-
nounced as it was a few weeks ago, owing
to the fact, as now made clear, that reports
as generally received from the winter wheat
section were up to a week ago too rosily
colored. There is a feeling, too, that the
outlook for the corn crop is not at the
moment as satisfactory as it might be.
New York Stock Exchange Sales June IL.
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