Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-09
WALL STREET THINKS
RELIEF is IN SIGHT
Moderation Of Policy Toward Ger
pO'allaRs Supposed TO DO
Result Of Conference
POOR BANK STATEMENT FOR WEEK
Response of Prices Indicates That
Hartman Group Was the Most I'm.
portant Involved in Decision from
White House-Morc Gold Going to
Paris This Week.
(By Associated Press. J

tBy Associated Press)
NEW YORK, June S.-rhe stock
! market community was inclined to
draw wide reaching deductions from
the conference at the White House
| laSt night Of the members OF the ma,
Ionai administration TO discuss the
results OF the Investigations held by
tie Interstate Commerce Commission
INTO the affairs of various corpora.
Tens and railroad combinations The
common assumption in the financial
| district was that II moderation OF the
F, policy of prosecution of corporations
WAS To be inferred AS in contempla
! tiCn.
Tho response cr prices Indicate
that the Hartman group was regard
ed as the most important involved
III this decision. The feeling is very
general in the financial community,
however, that Il large portion of the
difficulties OF securing capital Tor
railroad extensions and general i'm
| ucoNcincnts have been directly duo
TO the discrcdit thrown upon corpo.
| latlonS In general by the attitude or
the administration towards these bod
Hes
| '..''S 10 a. NtNu Sculpu sentiment
in Wall street that Il moderation OF
governmental scvorities towards cor
| porations would opcrate materially
to facilitate the raising OF needed
| capital
lhr poor bank statement was a
temporary Offset to the influence OF
tho washington reports. The known
| movements of money during the
week account for only about half the
loss of over $9,0U0,00O In cush hold
inSs as the S3,G00,0Q0 gold which goes
out today is not supposed to figure
i'll this weeks return.
The loan increase, although slight,
helped To swell the deposit item and
the reserve requirement with net
result of cutting down the surplus
preserve more than half
| IT is the opinion that further gold
VIII go to Paris next week, although
the exchange rate at Paris on London
advanced again today and narrower
the margin OF profit ON shipments OF
| gold from here.
| Prices recovered after the hesita-
ton caused by the bank showing ana
closed firm but rather below the best
| prices. Total shares of bonds par
[ value $56S 600, Total sales today
3T6.0O0 snarcs, including. Copper
20,S00; Tobacco 100; e. az .. 500;
Reading 1880; l.. e NJ 500; N. &
w. 90: Union Pacific 67,uOU: U. s.
Steel 35,90e5 Southern Railway yUU;
Southern Railway pfd. 700; Sosc
sheffield Steel 100.
| Adams Express ............3 800
Amalganatcd Copper ......... S5s
American Car e Foundry ..... 421s
(Ancrican Car " Foundry pfd.. 81
American Cotton OH ........ 3lss
American Cotton OH ptd ...... So
| American Express .............2 UU
American Hide G. Leather pfd.. 10
| American leo ....7 10
IhHlcrlcan I.insoed Oil ......... va
American Linsced Oil pfd. 80. "a
american Locomotive 5yM
| American Locomotive pfd 80. .1O2
American Smelling & Refng. .11gas
american Smelling & Ref. pfd. .1o5M
American Sugar refining ......121
| American Tobacco. pfd certif.. 92M
Anaconda Mining Co. 5000. 57M
| Atchison S3h
iAtchison ptd Observation-Disclosures. 30
Atlantic Coast Line ........... ~
Baltimore Il Ohio ............. 80
Baltimore & Ohio pfd ......... So
Brooklyn Rapid Transit ....... 54M
Canadian Pacific 1851
Central OF New Jersey ........ no
| Chesapeake e Ohio ....... 35M
Chicago Great Western ....... l1B
Chicago & Northwestern Ia
Chicago, Mil, & st. Paul $50. .12Sss
! Chicago Terminal &c Trans 80. b
Chicago Terminal & Trans pfd.. Is
G., c. & st. Louis ......... 661a
Colorado Fuel e Iron ........ 3Ulh
Colorado & Southern ......... 22as
colorado & Southern LIST pfd. -. 57M
/ Colorado & Southern End pfdf.. Al
consolidated Gas ..............119
| Corn Products III
Germ Products pTd ......... ~
Delaware & Hudson ....... .16S
Delaware, Lacltawanna & Wcst.44D
Dcnyer e Rio Grande ......... rs
Denver & Rio Grande pfd ...... 20
DiBtiliers' Securities ........... 6dM
ERIE .............,.... 221s
Erie LIST pfd 55M
Eric End pfd Observation-Disclosures. 351s
General Electric ...........
| Illinois Central 1876
International Paper ........... 1874
international Paper pfd ........ n
international Pump ..... 23
international Pump pfd ... 10
iowa Central OBSERVATION-DISCLOSURES. 171s
llowa Central pfd ~ 40
Kansas City Southern ...... 24A
kanHas City Southern pfd -. 6OM
| National Lead Observation-Disclosures. 6lM
Louisville g. Nashville .........l12
! Mexican Central ............. 2Ues
l MiI,pconDlia &. CT 7 puic Az