Evening star., 1909-06-29
F|RMER TENDENCIES
AMore Extensive Movements
, Toward Higher Levels.
SOME STRIKING ADVANCES
Americans Somewhat Heavy in Lon
don Mart.
FRACTIONS LESS PROMINENT
Sugar Refining, U. S. Steel, Republic
and Col Fuel and Iron Led
Industrials.
FRACTIONS LESS PROMINENT
Sperial Disnatch to The Star.

Special Disratca to The Star.
NEW YORK. June 29-During the
greater part of the business session upon
the stock exchange today the dealings in
securities were characterized by decidedly
firm tendencies. Practically all OF the
more extensive movements in prices were
toward higher levels. and the exceptions
to the general drift were few and insig-
nffcant At the same time. there was
nothing at all of novelty which could be
adduced in direct explanation of the mar
ket's course
American shares were somewhat heavy
in the London stock market, but little or
nothing was done here for foreign ac-
count.
The market opened generally firm. and
prices worked upward slowly during the
morning. Rather striking advances on
the mornings transactions We're noted In
Sugar Refining, Consolidated Gas, ANAL
gamated Copper, u. S. Steel preferred
and Peoples Gas. In the railway share
list the Rock Island issues were notably
strong and elsewhere fractional advances
were the rule.
The local traction issues were less
prominent than of late, and Third Ave
nue. lost the whole of an early advance
of over one point.
Industrials Active.
The United States Steel shares were &C
lively dealt in and were decidedly strong
as also were the Republic Iron and Steel
stocks and Colorado Fuel and Iron. The
particularly extensive advance in sugar
refining found q sympathetic reflection In
American beet sugar, although the move
ment in the first named appeared to nave
no other than technical explanations In
fact. transactions in particular stocks
were for the most part quite unaccom-
panied by any other discussion than that
relating to the Identities of the buyers
and sellers and to the amounts of stocks
changing hands.
The leading features OF the railway nst
were, Union Pacific, Southern Pac1flc,
heading. Rock Island, the Hill stocks
and Atchison and Baltimore & Ohio. In
this quarter of the market here was
likewise an absence of actual news OF
importance and a dearth or interesting
and novel gossip.
In a general way the strength OF the
stocks of the western railway lines was
attributed to the expectations that the
government crop report. which Will be
published after the holidays. will set
forth q tremendous improvement in agrf-
cultural conditions, although SO far as
that prospect was concerned the grain
market today was decidedly steady.
Volume Of Business.
While the stock market presented
superficially dull appearance, the volume
of business still ran well ahead of yes
terday's aggregate, although 1t suffered
in comparison with last weeks large
average totals.
Money market circumstances showed
no material alteration. and a fairly even
advance was reported in the transactions
between the banks and the subtreasury
since last Friday.
The foreign exchange market was again
exceedingly firm, but the course of at
fairs in that direction attracted no more
than the very limited amount of attention
that has been accorded the developments
there throughout the spring.