Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-07-21
U,P,'SNEW HIGH JUMP
Scores Another Record Price
on Change Today.
FEATURED RAILWAY LIST
Sagging Tendencies Prevailed Else
where in Market.
LOCAL FRACTIONS NEGLECTED
Declines in U. S. Steel a Factor.
Industrials Made Material
Advances.
LOCAL FRACTIONS NEGLECTED
onr.ial nisna,ca 10 The stag.

Special Dispatca 10 The StaE.
NEW YORK, July 2t.-Thc establish
Jlent Of new high record prices is no
novel story in the current stock market,
pnd In fact such records nave been mad
almost weekly during the past few
months At the same time when so k
50 prominent as Union Pacific achieves
that distinction. as II did today. unusual
;rtere. I WAS bound IL Lac attracted To the
circumstances In question.
The rise in Union ,Paciiic To new high
tecord prices was unaccompaiied by any
occurrences which have not been matters
of common knowledge for the past few
DAYS For one reason or another the
corporation has recently been dispos'ng
of its holdings In other companies, and
TOR the most part at satisfactory profits.
bat that OF itself scarcely accounted for
the advance in Union Pacific
According 10 competent authority there
: not the slightest prooa DIZZY OF any
change i'll the rates OF dividends upon
either Union Pacific or Southern racine
during the current year.
Moved Very Irregularly.
The railway share list as whole moved
very irregularly in today's market Strong
features were Atchison. New York Cen
l.
sagging tendencies prevailed. although the
losses scored in few cases passed be-
,ond fractional limits. Transactions were
largest in Reading. Rock Island, Union
and Southern Pacific and New York Cen
trail.
During the greater part OF the day the
local traction issues continued neglected,
as they have been for some time past.
nS Mt at
shares was beyond any question factor
in that OF the market at large. Both the
common and preferred stocks suffered de-
clines in excess OF one point before the
noon hour. and while subsequently, frac-
tionaI rallies occurred tue evident pres
sure upon these issues created a dis
agreeable impression. the more SO in view
OF the near approach o: the dividend
declaration period and the issuance Of
tie quarterly statement of earnings
Not Affected by Steel.
The industrial and miscellaneous groups
did not however. appear to be especial
Is affected by the course Of the United
states Steel stocks. Material advances In
that department were scored by Pressed
Steel Car. American Beet Sugar. Ameri-
can preferred and Western Union.
As was the case with the transactions
in the railway list, the dealings In this
Quarter of the market were aceompa-
MED by little actual news or gossip OF in
terest.
Money market and foreign exchange
circumstances showed little alteration
and the banks have lost to the sub
treasury since last Friday only $9SSOOO
against an adverse balance Of several mil
lions during the corresponding period of
last week.
Tha oo,,rSa 90 +ha con,rcodnx, m a rl-ete
was again ignored in the transactions in
securities.
American shares were exceptionally Arm
in the London stock market. but opera
lions here for foreign account were not
upon q scale sufficiently large to pro-
duce much effect in the local transactions.