Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-05
But Just What Caused The Change
Tor The Better Seems to
be a Mystery.
LITTLE BUYING LIST ADVANCED
Estimate of Cotton Crop Was consld-
cred Favorable But 1t Was Hardly
Responsible for Wholesome Tone
Which PrevaiIed-TotaI Sales and
Closing Quotations.

better sentiment In stock market cir.
Giles today and prices showed some
improvement, the cause and elect
OF which was not very clear.
Yesterdays fall was ascribed to the
almost entire abscnce OF any buying
demand, so that light selling forced
prices easily downward. Today the
reverse was through the selling
WHICH subsidized almost completely
and prices advanced with very little
buying az motive. Whatever forced
the liquidation which was in evidence
yesterday seemed to have been com
pleted. a short interest was left I'M
covered and the buying from this
source furnished the principal de-
mand. With the rise In prices there
was also some Improvement in specu.
lative sentiment. More seasonable
weather in Wall street itself was CIV
ell It's share of influence in cheering
the spirits of the room traders. This
also gave them more confidence III
the reports OF better weather in the
crop regions. The crop news was, Ill
fact, the most substantial factor lying
back OF the rise in stocks. Present
and promised weather conditions
were regarded rs putting better
face on the crop outlook. The wheat
market moved accordingly.
The condition estimate on cotton
was given as important in the days
crop news. The confused and ex-
cited movement of prices which fol
lowed upon its publication made 1t diff
ficult to construe the traders view on
the reports. This was partly due to
the extended position on the long rise
taking, and partly to the misundei-
standing of the acreage comparison
owing to the revision of last years
figures. The showing of the report
served to confirm the conviction OF.
present low condition OF the crop
and It's dependence OH good weather
for favorable outcome.
Some of the buying OF Union Pacific
was attributed to the published as
sertions that it was intended to aban-
don the government measures agains.,
tile Hartman railroad combination.
The five point rise in American
Smelling was connected with divi-
dend meetings to be held tomorrow
and was effective in raIiylng the
market to late reaction and making
strong closing.
Bonds were irregular. Total sales
we're unchanged on call. Total sales
today $4,000 shares, including: Cop
per 43,2OO; Smelling $500: Tobacco
200; A. c. l.. 300; c. G. o. 1,4UO;
Pennsylvania 22,600; Reading AL
200; l.. G. N. 1000; N. & w. 600;
Union Pacific 10000; Southern
Hallway 1900: Southern Railway pfu
500; Sloss Sheffield Steel 300.
Adams Express 3OO
Amalgamated Copper ......... S4A
American Car &, Foundry $50. %
American Car & Foundry pfd.. 9SA
American Cotton Oil ........., 30
American Cotton Oil pfd. So
American Express $1,000. .... .2uU
American Hide & Leather pfd.. 10
American Ice ................. 6S
American Linseed Oil ......... 3k
American Linseed Oil pfd ...... ~
American Locomotive ......... 6SA
American Locomotive pfd -. .102R
American Smelling G. Refng. .1lSB
American Smelling G Ref pfd .lO6H
American Sugar Refining III
American Tobacco, pfd certif. 91I
Anaconda Mining Co. ........ 55B
Atchison S&H
Atchison pfd ................. 92h
Atlantic Coast Line ........... 9b
Baltimore G. Ohio ............. 9dA
Baltimore G. Ohio pfd ......... SO
Brooklyn Rapid Transit 5ON
Canadian Pacific 1854
Central Of New Jersey ........ l69
chesapeake &c Ohio ............ 3iH
Chicago Great Western ........ 1OH
Chicago & Northwestern ..14Oh
Chicago. Mil. e. st. Paul jig
Chicago Terminal g. Trans
Chicago Terminal & Trans pfd. 10
c., c., G. - st. Louis .......... 63
Colorado Fuel & Iron .......... 81
Colorado C Southern ......... 22H
Colorado X Southern LIST pfd... 81 .
Colorado & Southern End pfd... Az
Consolidated Gas 119K
Corn Products .............. 1875
Corn Products pfd ............ n
Delaware & Hudson .162
Delaware, I.ackawanna & West d5
Denver & Rio Grande ......... 24M
Denver &c Rio Grandc pfd $3.50. 69H
DistilIers' Securities ........... 63h
Erie 215s
Erie LIST pfd OF
Erie End pfd 34M
General Electric '.............. 1873
Illinois Central ...............13 d
International Paper .......... FIX
International Paper pfd ........ n
International Flmp ............ 23
International Pump pfd ....... 73
Iowa Central observation-disclosures. Tx
Iowa Central pfd .............. 40
Kaneas City Solthern s,....... 2iM
Kansas City Southern pfd -. COZ