Daily press. [volume] (Newport News, Va.) 1896-current, 1907-08-27
Decided Improvement In The None
larry Outlook Braces Up Wall
Street For One Day.
ELEMENTS OF WEAKNESS REMOVED
Erie, Which Caused Such Disastrous
Break on Saturday, Was We'll sup
ported Yesterday and the Whole
Market Had Better Tone in Con-
sequencc-Thc Closing Quotations.
UBy Associated Prcss.)

NEW YORK, Aug. 24.-Thc carly
disturbance in today's stock market
was the residue of Saturdays unset
Element and was caused by the fears
aroused Nv the fcversh movements
then After it appeared that no Ill
terror consequences were to be immo-
diatcly forthcoming the market re-.
suncd the more confident tone which
was manifest earlier last week and
which il based. presumably. on the
heller that liquidation has been com.
pleted The Erie stocks were com
paratively steady. thus removing the
principal clcmdnt of the weakness
shown in SATURDAYS market. This
aud the absence of any confirmation
of the trouble rnmors were tho mega
tive forces making for the later i'm.
rroycmcnt of prices. a more positive
factor working towards this was an
Improvement in sentiment over the
monetary outlook. not only here bnt
also abroad. The call loan market
was rather sitter
The Saturday banl, statement dis
closes that the present nosition of
the New York clearing house hanks Is
not so far below that at correspondinc
periods in previous wears MS was tho
case for n long neriod. The surplus
reserve In fact now standing above
that M this time last year, The mar
gin is not large. however and With.
drawals of currency Inv the interior
NAV be looked for from this time for
ward. The sul,troasurv also is tokino
funds from the hanks nj nrosont Inc
balance in favor of that institution
sinco SATURDAY omountinr to a.
G0S ooo while tborc was cro1it ho,,
orca l., ,JIi,io,, J., ,n,,o -, ~, 49,,
sist,nt socratarv ot Tho c, o
houec This mornino of scoe zen
W 'V9''o''
,, n,ea. interest was lel. IN me pun,
ieu'io' on o"ii p"'n u! inc reuc,''
comptroller oil the Currency and the
New York state banking department
Tor reports OF conditions of banks and
trust companies on the same date,
August %. Stocks held their ad-
vanccs well to n strong closing.
Bonds were weak Total sales, par
value. Sl062,00O. United states
bonds were unchanged on call. Total
sales today $4,000 shares including:
Copper. $500: American Smelling.
$4,000: Coast Line, 200: c. & o. l..
100: n. Y. Central. 30 200: n. e W..
GOO; PENNSYLVANIA. 33.4OO: Reading.
$4,000. Southern Railway $500. do
MD. COO. Union Pacific 2G4. United
States Stccl "A 500. 20 G.. 200 do
MD 100. Sloss Sheff;,ld ZOO
Adnms Eynrcss 15O
Amnl,omotcd Conner 77il
American o. g Fonndrv Az
An,or,con Cnr e. Eom,,dr.. ,,fi "a
American Cotton Oi, nfd "a
American Exnrcss $50
American Hide g. Leather MD ID
American loo "A
American Iiuencd oil "a,
American Linsecd Oil pfd 16
American I,ocomotivc 51h
American Iocomotive MD 100
American Smcltinr &. Ring g5k
American Smelling G. Ring MD o5i%
American Sugar Refining. .113E.
American Tobacco MD. ccrtif 75
Anaconda Mining Co 45X
Atchison S5Ss
Atchison nfd 90
Atlantic Coast Line - 10
Baltimore a. Ohio . SS,S,
Baltimorc G. Ohio MD 81
Brooklyn Ranid Transit 12X
CaIlaulnn Iaclf1c lbb n
Central OF New Jersey 165
Chcsaneake G Ohio 3315
Chicago Great Western WYNN. Ok
Chicago & Northwestern ..tl2
Chicago Mil. G ST. Paul .ii9B,
Chicago Terminal & Trans 49,.
Chicago Terminal & Trans pfd. -
C. c., c. & st. Louis. 80
Colorado Fuel g. Iron 235s
Color.do g Southern %