Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-12
. /. - Y ~
MOOD Of Of. DEPRESSION |:
CREPT over MARKET
Trading EatlreIy II Hands Of Pro.
fesslOnals aod List was Con,
tPolIed By Private interests
.EFRAT|g MOVEMENT OF PRICES
Operations Apparently Have No Con
/ fldence In the Market-Japan's Al.
(. tItudo Toward This country Helps
Cause Depress'on-Money Marke,
stronser-Total sales.
(By Associated Press )

y OiNiNg JUNE Il.-AJ IIlOQu OIL
depression dept over the stock mar.
ket again today and efforts to throw
1t Off proved unavailing. The trading
was largely In professional hands and
the movement of prices was under
the supervision of and controlled by
tho efforts Of this class to further
their purpose of getting action suffi.
icient to offer a profit on operations.
The consequence was a rather erratic
movement of prices and abrupt fluctu.
atoms on comparatively small deal
ings. The opposing policy, of the
traders led to sudden shiftings of 20
'sition In the market without main.
tanning any ground for long. The
constant changes thus involved gave
suggestion of lack of conviction on
Inc part OF the operators. There was
some disposition to attribute the re.
current weakness to the important
FAILURE In the contracting business
announced this morning although the
efforts of this was slight so far as
surface indications went. The dimen.
sions OF the liabilities involved in the
failure, however, made 1t impress
Z sive. A moro influential factor in
/ the weakness OF the market was the
bad impression caused by the acerbity
or the public discussion In Japan OF
relations with the United States. The
Japanese 4 LIS declined 3.S to ~
In this market.
The money market grew percepti-
ably stronger and opinion gained force
that rise before the end of the half
year Is a likelihood. The action OF the
wheat market today confirmed yester-
days View OF the government crop
report, that 1t refuted the extreme
apprehensions which have been held
regarding the crops. But stocks fall
ed to benefit from this. There was
momentary rise In prices when it
was announced that Governor Hughes
had vetoed the New York two Z, mt
fare bill, Int the drop from that point
was abrupt with the dissemination
OF the rumors of trouble with Japan.
Last prices represented very slight
5recoyeries from the lowest. Bonds
were quiet.
Total sales par value, 1921. 600.
United States Bonds were unchanged
on call, Total sales today, 633,6OO
shares, including: Copper 4,1OO;
American Car $4,000; Smelling 3d..
6oOi Atlantic Coast Line 5000; ches
apeake and Ohio 400; Pennsylvania
SEW Ne GYM i.eaua n ls5eoO; Louisville q
onn. II' I'eo0i Mortoik d Western
S GU +. oi s.a, faGilic i2e,0oo; United
Ss,..y ote1i 4;aoo' Southern 2,50o;
Spa,,.ta nru Ioo, Virginia-Carolina
ne ' 4oo otoss'ohetlieio 4Vv.,
Tho Ciosing Stock List:
Adams Express 3Oo
Amalgamated Conner 8d7-s
American Car G. Foundry Al
American Car & Foundry pfd s71-2
American Cotton oli 81
American Cotton Oil pfd -. SIS
american Express .......... 200
American Hide & Leather pfd 10
American Ice ........... IL
American Linseed Oil 93.d
American Linseed Oil pfd 241.2
American Locomotive ...... 1884.
American Locomotive pfd 49,. 1G1
american Smelling G Refng.. 1171-4
american Smelt & Refng. pfd los Ia
american Sugar Refining -. 1870
American Tobacco. pfd. certif. 923-4
Anaconda Mining Co. ..,..... 553-4
2Atchison .......,.. ....... 1884
Atchison pfd ....I.... ....... 90
Stisntic Coast Line ......... 951-2
baltimore 9 Ohio ........... 1918
Baltimore & Ohio pfd ........ 86
Bro.ok!yn Rapid Transit $50, 551-2
canadian Pacific ............ 167
central or N esYf Jersey,if.... ITO
chesapeake q Ohio .......... 35
chicago Great Western ...... 10
Shicago q northwestern .... LA