Daily press. [volume] (Newport News, Va.) 1896-current, 1907-07-27
STOCK LEADER PuzzlIHG QUESTION
Southern Takes Drop Because OF
the Fight It Has on It's Hands in
North carolinn-Prlces FIuctuated
The Total Sales and Closing Quota
tlons.
INV Associated Press.)

Ol SptCuIuilNt III
terest in the days stock market which
was distinctly dull. The fault lay
very largely with the Hartman stocks
which dropped out of their position
of activity and strength but without
yielding the leadership of the market
in the interest of speculative senti-
ment. Efforts were made to substi-
tutc other stocks in the leadership
lat not with success. The policy
adopted by tho controlling powers In
! Union and Southern Pacific In the
treatment of the public In the matter
of dividend notices has left the spec
ulative mind confused. The ANNA
ton of the dealings in the two stocks
Is gone and the superstition that the
action OF the head of the system in
taking the public into his confidence
rs to the intended dividends was In
tended to this end puts the market
leadership into quandary.
Some effect of depression was OK
| erted by the renewed weakness in
the Fries and by drop of 3 IA points
IN Southern Railway preferred. The
latter was attributed to the dread OF
expense to he cntailed by the struggle
over the . IA cent passenger fare
law and the aggressive measures of
the North Carolina authorities IN the
matter. The maintenance of the pre-
ferred dividend was doubted ut the
| last dividend period and the doubts
are now revived. The market had the
advantage of the promise of favor
able hank return. The usual author
tiles are In close agreement in the
neighborhood OF SG.500,000 rs the
figures OF the accretion to cash re.
| 4, a. . On
600 of this Is derived from the opera
lions of the suh-trcasury with the
banks II IS seen that the movement
of currency with the interior Is still
considerably in favor of this center
on balance. The London Copper mar
ket was weak again today hut the
strength of United States steel on
the reported breaking of of the strike
in the Lake Superior iron mines was
n sustaining factor In the metal group
Prices fluctuated with much uncer
tainty nll day but were at n higher
level at the last
Bonds were irregular. Total saIcs
par value $1,05S.000 u. s. 3's adj
vanced onc-fourth per cent. on call
Total sales today 560.iO0 shares in
GLIDING: Copper 31.7OO; Cotton Oil
$4,000; Sugar. 100; C. & o. 200: l..
& ~, 200; n. G W.. 200; Reading.
15S,G00; Southern Pacific. G9.4OO;
Southern 1880; Southern pfd., 500:
Union Pacific. 100; u. S. Steel. 81, 100:
V. c. c.. 400: V. C. c. pfd., 100:
Sloss Sheffield Steel. 400.
lC. c., C. G st. Louis ......... GO
Colorado Fuel G. Iron ........ 32%
colorado & Southern ...... 26M
Colorado & Southern LIST pfd GO
Colorado & Southern 2nd pfd.. As
Consolidated Gas ...........ll7
}Corn Products ............... 17M
Corn Products pfd ............ 72&
Delaware e. Hudson ......... .17l%
Delaware Lackawanna C West 400
Denver & Rio Grande ...... PTS
Denver 4 Rio Grande pfd. $50. 20
Distllers' Securities ..... G5h
Erie ...L....... ............. 23%
Erie LIST pfd Observation-Disclosures. GO
Erie 2nd pfd Observation-Disclosures. IL
General Electric .139
Illinois cntral ........ ......1i4
International Paper ........ 1iI9
International Paper pfd ...... IA
International Pump .......... 24h
International Pump pfd ........ 10
iowa chtrai Observation-Disclosures. IfH
Iowa cntral pfd ........ 38h
Kansas City Southern ...... 26h
Kansas City Southern pfd. .... 81
Louisville G. Nashville ia
Adams Express $50
Amalgamated Upper ........... 9O8
American Car & Foundry. 80. 437s
American Car & Foundry pfd 100
American Cotton Oil ...... 347s
American Cotton on pfd ...... Sc
American Express . 2i0
American Hide & Leather pfd.. 1879
American Ice Observation-Disclosures. "a
American I.inseed Oil ........ .
American Lnsecd oil ....... .
American I.inseed Oil pfd $50. %
American Locomotive ... 80
American Locomotive pfd 49,. .1041a
American Smelling & Refng ..11SH
American Smelling & Refg pfd .105M
American Sugar Refining ..f22M
American Tobacco pfd ccrtif :. S5h
Anaconda Mining Co. ......... 57M
Atchison ... ........ OAK
Alcnisoh pa ...,.............. 93
Atlantic Coast Line ....... 81
Baltimore & Ohio ...... %
Baltimore e Ohio pfd ........ So
brooklyn Rapid Transit ....... 5S7s
Canadian Pacific ........ 80. .176ls
Central of New Jersey .175
Chesapeake e. Ohio ...... 35%
Chicago Great Western ....... 11%
Chicago & Northwestern ..1d9k
Chicago. NIL. e ST. Paul 80. 1865
Chicago Terminal e Trans. -.
Chicago Terminal & rams pfd . IL
Mexican Central .......... Pin
Minneapolis & ST. Louis ...... Al
Min. st. p. & Sault Ste NJ. .1O6
Mimi, St 7. G Sault Ste NJ pfd 13S
Missouri Pacific ............ 76ss
Missouri, Kansas G Texas 80. 37%