The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-09
STREETS
CASE: I0F|B:|.L|+.UE|:.S'iI
Did Did Not W Share If Magnificent lg,11i e
Prosperity Enjoyed by Re- Re 3sSi
! maindcr5 Of Country.
ENORMOUS SHORTAGE r SHOWN S: I ~ \.
Business Year 81 q 1905 g, Not y ';''-
w;thstanding Was a Greatest
III Nations History.
ENORMOUS SHORTAGE SHOWN |! y y \.
~ W. a. Nicholas.

D NEW YORK. Julys ss--1Nall Street did
not share In the magnificent prosperity
enjoyed BY the remainder Of the country,
during TIE f,rst half 81 the calendar year,
which. by custom, has come to be COM
monty looked upon as the last half OF
the fiscal or business year. u While the
i rest OF the nation fairly tr1bbled over
with 10Y ana hope and plenty, Wall Street
4 was seized with a bad case OF blues, and
proceeded to n unload stocks as though
fearful that the end OF the earth was
at hand. Fore knowledge OF the disburse-
811,er,t 81 SEQ ooo, 900 In July half-yearly
5dtvidendg. md interest "a record breaker)
aid not dspel the gloom; neither d lltl
good reports from every \ q uarter per-.
tanning to crops, commerce and the IN
Sdustrials. TO the Wall Street view. every
thing was the bad .''3s3 \
railroads and fourteen In
#dustrics Of the two hundred and forty
stocks more or less ctively u ira ysd In
7 on the New York stock Exchange s,it-
Tered shrtnkago OF &sk3, 000, 900 on the
market slump. It Is entirely safe to- say
that the loss on the remaining two hun-
{dred odd stocks is as large in the ag-
fgregate, or larger::S for, with two or three
except tons,f .everSthing on the list under
went terriacafp price punishment. At Q
low .estimate there was a total loss Of
81. 100 900 900 in he prices Of American rail-
roads and industrials from the middle
! OF January last. N ssss
VT The break was ragged being most sc-i
we're IN the specialties which had \ been
subject to greatest pool manipulation
and felt flea st in standard \ properties,
which had been run with smallest regard
for the Wall Street end Nota Bile in the,
latter category were B; cliison, Rock
island 3! Southern Pacific. Illinois Central,
Louisville and 5fashvi lie and Erie The
Es.JlimstTI HIT fsr}pap had the hardest fail
among tho railroads. Great Northern
shriveied around 800 100000 and North.
iern{ Pacific $62. 900. 000 as measured by;
quotations, the first bxeaking sixty-eight3
points and the latter forty. New; York
Central sold twenty I'VE points off from
the highest equivalent to $37 1000. 900, and
Pennsylvania had a drop o. twenty
points, a az shrInkaGe OF L IS $4,000, 600 on \ a
share capital OF 1905: 100000. 4 Union Pa
ciac was II trimmed SEA, 0oo. 900; Re ding,
s36, 900. 900; \ Chicago and N rthwestern,3
~ ~ sas COO and ay Rectt f 90 i
h Ii tha rfadds tra1ai sllst uaHed States
steel leads OF WITH loss of! S. 900 900
on its S50S 900, 900 common and $50, GOO, 900;
on its $500, 900. 900 eferred. q total Of
Sill 900; 600. M American Shelters records
a decline OF thirty two 8pointssin# common,
and sixteen I'M preferre ed which together;
represent a loss OF! s4o;0 oo, 900 in market!
price. malgama ted Copperg the foot
ball OF the Rogers coteri e, shrunks twenty
two points, equal to ss4 ,ooo, ooo. and Ana-t
conda, a. & subsidiary cory er N company.
brokes sixty=sxt poln ts.; or $4,000, 900, and
Sugar 100000 l01;flI N ewS York as Consoli-
dated Gas host $4,000. 900 since the fight
for! eighty-cent gas was launch I'd Y against
1T In Albany last winter. sY$ Il, al;ssi
For convenience. the market record Of
the twenty three railroads. and the four
teen industrials Is tabulated round fig
3ures being given: Il ..s 59 "a 81
y 5s5 tf s3al63t n AIT,ROADS s5s5s as3