Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-11
Some Securities Violently Affected,
While Others Make Show Of
Stability.
MONEY MARKET STILL vEhY TIGHT
Prospect of Additional Strain Causes
severe Discrimination in Maturing
Loars-High Dividend on United
States Steel Preferred, Which is
Selling Heavily.
(By Associated press.l

= (i3y Associated PresS)
MEM YORK. Oct. lO.-Thcro was
some further liquidation conducted al
the stock exchange today, which
caused violent declines in many sec.
tions of the list OF securities. al
though in others some show of sta.
hlty was made; partly because OF
necessary liquidation in some stocks
which have already been effected /:
partly by reason of buying by uncov-
e:cd shorts who had followed the
preceding decline, and partly always
afsumc1 by reason of supporting
measures placed in The market by
friends of various securities.
II was reported that In some loans
that were maturing sevc-e discrmina.
ton was exercised against some of
the Industrial stocks which figured
as collateral. The motives for this
cleaning up process were not indi-
Gated by any immediate news of the
day, but the condition of the money
market and the prospect of additional
stain there were believed toflie luck
of the action. The fact that call
money holds firmly near six per cent.
as 1t has done since the first OF the
month in itself proves discouraging
to the carrying of quiesent accounts
An incident in the heavy selling of
United States Steel, preferred. which
carried ii down to level was the
rate of dividend. which is higher
than on the common stock. The
notable feature of the market was the
resistance offered by some of the
Ioots which are favorite mediums
or the motives of speculation and
which ended the day at substantially
hi'her prices than last night.
Bonds were heavy. Total sales par
value, Sl.542,000. u. s. bonds were
unchanged on call. Total sales of
stocks today .GGS.100 shares. includ-
ing Copper 1900; Smelling. 1890:
Sugar' 600; Tobacco, 700; a. c. IT,.
loo; c. & o.. 200; l.. & ~. G,lOO
N. Il W.. 100; Reading, 11i.200: South.
crn Railway 500: Southern Railway,
nfd.' 300 u. p. Lol, 700: U. s., 81 900 .
u s., pfd., 41,4OO; Sloss Sheffield.
Adams Express ........... 16O
Amalgamated Copper ......... 56N
Ameria ncCar and Foundry -. SGlb
American Cotton Oil ..... 20
American Cotton Oil pfd ..... 81
Adams Express ......... lS5
american Hide and Leather pfd 1919
American Ice 20
American Linseed Oil .... ~
American Linseed Oil pfd 80. 1917
American Locomotive ... AZ
American Locomotive pfd .. %
american Smelling and Refining So "a
American Smelt. and Refng. pfd 93H
American Sugar Refining 49,. 1908
American Tobacco pfd, certif.. 7l1a
Anaconda Mining Co. ..... 80
Athclson ,,,........ ........ S35s
AtchiSon pfd ............. IS
.;Atlantic Coast Line ...... TEX
Baltimore and Ohio .......... S77s
Baltimore and Ohio pfd .... so
iBrooklyn Rapid Transit ..... 43H
Canadian Pacific ............. 1917
Central Of New Jersey ........ 1GS
Chesapeake and Ohio 29N
Chicago Great Western .... 71s
Chicago and Northwestern -. i42R
Chicago, Mil. and st. Paul. ..... 116h
!; Chicago Terminal and Trainsit Il
sChicago Term. and Trans. pfd IL
&c. c., G. and ST. Louis ....... 5S1s
Colorado Fuel and Iron ...... 16M
tColorado and Southern ......... 19M
(. Colorado and Southern LIST pfd f9A
49,: IL 2lI nd 29H
Corn Products -. 11M
sCorn Products pfd ......... 62
sDclaware and Hudson ....... l54M
. Delaware. I.akawanna and West 4IO
5Dcnvcr and Rio Grandc ....... 20H
! Denver and Rio Grandc pfd 80. Ga
nistilers' Securities .......... 49A
Erie ..... ....... 1874
Z Erie LIST pfd ........ i3
{ Erie End pfd ..........,....... 81
Central Electric ............. ll6
3 Illinois Central .............. 1874
/, International Paper .........:. 10
international Paper pfd ...... 6S
international pump ........... y
. International Pump pfd ..... 6S
. Iowa Central ................. 10
Iowa Central pfd ............. 36%
KANSAS City Southern ........ Il
Kansas City Southern pfd 49,. 49H
Louisville and Nashville ...... 90K
Mexican Central ........... 16k
Minneapolis and st. Louis -. 37&i
Min. st. p. and Sault. Ste NJ. '9Oh
Min. st. p. and Sault. Ste. M. pfd 121K
Missouri Pacific ............... 63M
Missouri Kansas and Texas 49,. 29M
Missouri, Kansas and Tcaxs pfd 633s
National Lead ................ 40
National X. r. of Mexico pfd iiK
New York Central ........... 101 u
New York Ontario and Western 30
Norfolk and Western ......... 67E
Norfolk and Western pfd s.... E8
North American .........s. q 81 Z:
Pacific Mail ............,...., -
PENNSYLVANIA '..i..'11SX
peoples Gas ..............,. S4K
4