Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-01
SPECIAL STRENGTH IN FEW STOCKS
Neat Earnings of Some of the Roads
4 for April Puts an Improved Tone
in the Market-currency Movement
In Favor of New York-Thr Closing
/. Quotations.
(By Associated Pross.ll

movement amongst the bears in the
stock market which set In on We'd
lnesday previous to the holiday, was
resumed In the early dealings today,
but with the satisfaction of this dc.
'mand the movement lapsed into al.
most total stagnation for time and
then reacted, The extension of the
movement WAS helped by special
strength In a few stocks due to indi-
vidual causes. There was also some
buying based on the contents of Presi-
dent Roosevelts address at Indianap-
oils yesterday. The speech had been
so accurately forecasted during We'd
nesday that there was little reason
for changing operations made at that
time on the strength OF 1t and which
We're on a considerable scale. The
financial community was inclined to
infer from the tone rather than from
the substance of the address that re-
assurance was intended against some
of the assumptions that have been
current in the stock market as to the
infections of the Presidents policy to-
wards corporations
The attitude of protest against some
of these assumptions were interpreted
as pledge Of moderated policy. The
Soui cO VI lilS udy SNcuto
that the. supposed market influence of
the address had been somewhat over
estimated in the professional transact
lions which sought to anticipate it. A
more substantial basis for the i'm
proved feeling was the showing OF
net earnings OF railroads for April
which came to hand. An upward
movement In Smelling was due to talk
Of increase In the dividend rate at
the coming meeting of directors.
But the demand for special stocks
did not serve to mark the substance
of huying at other points in the list.
As this fact began to emerge the
earlier buyers began to resell and a
sagging movement set in The cur
.rency movement with the interior has
been largely In favor of New York on
balance but not sufficiently so to off
set the ABSORPTION of over $3,0O0,000
b ythe sul'treasury to which is to be
added the 100000 gold engaged for
shipment to France tomorrow.
Crop news was mixed, weather con-
dtions being considered favorable for
our own wheat crop, but decidedly
unpromising for cotton.
Bonds were steady. Total sales. par
value. $862,000. u. S. twos advanced
IA while the old fours declined Ia
per cent on call. Total sales today.
5179OO shares. including Copper. AS
400: A.. C. L.. 500: G. e o., LOO: L.
G. M, 400; N. & W.. 200: Pcnna..
26.5OO "a Reading, t137S00: Union Pa
], cificjs 8l,3O0;s Steel.s57, 6O0:.;V. q. c..
J. 70p; StslHsss Sheffield IL 4,700s ,.l4t,
Adams Express .......... .290 a
Amalgamated Copper .......... S5A
American Car &c Foundry ...... 1879
American Car & Foundry pfd.. %
American Cotton Oil ......... 30
American Cotton Oil pfd....... IS
American Express ...i..........2O0
American Hide 6 Leather pfd.. 1914
American leo Observation-Disclosures. 70
American Linseed Oil ........ 9M
American Linseel Oil pfd...... 2Sht
American Locomotive ......... 5SM
American Locomotive pfd .....102 a
American Smelling & Refng. .116M
American Smelling & Ref. pfd. .1O55s
American Sugar Refining ;. ...120
American Tobacco. pfd certif.. 81
{Anacunda Mining Co. ......... 81
Atcbison SSM
Atchlson pfd ................. 92A
Atlantic Coast Line ........... 95
Baltimore & Ohio .............. 94Ja
Baltimore & Ohio pfd ....... sc
Brooklyn Rapid Transit ...... SOY
Canadian Pacific ....i,. 1871
Central OF New Jersey ......... I7N
Chesapeake & Ohio ..........3 "a "
Chicago Great Western ...... 97s
Chicago & Northwestern ..144M
Chicago, Mil. & St. Paul 1868
Chicago Terminal * Trans $3.50 S
Chicago Terminal & Trans pfd.. Is j,
c.. c., G. &c st. Louis ......f63 q
Colorado Fuel & Iron 20
Colorado e. Southern ... 22%
Colorado & Southern LIST pfd. /. 5S
Colorado & Southern End pfd. 41k
Consolidated Gas .117h
Corn Products ................. 1871
Corn Products pfd 72i
Delaware e Hudson ......... 163
Delaware. Lackawanna C West. $50 !,
Denver & Rio Grande 25h
Denver & Rio Grande pfd -. 69X
Distlllers' Securities ...... 63
ERIC ..............t.. 21jk,
Erie LIST pfd ................. 55k
Erie End pfd ............. 34h
General Electric 1873
International Paper Up s
International Paper pfd .....,.. II
International Pump .... 30 &
international Pump pfd .... f73
Iowa Centra! ................. 1Sk
Iowa Central pfd ........ 30
Kansas City Southern 24X
Kansas City Southern pfd ~. 60M
louisville * Nashville ..111Ia
Mexican Central ....,,...,. I9M