Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-28
BRIGHTER OUTLOOK
FOR STOCK MARKET
Elise 10 Prices Causes Belief Thai
Principal Troubles ire Behind
Rather Than Before.
SLIGHT FURRY IN MONEY MARKET
Movement was<Fso Moderate, How
) ever, as t9<Leave an Air of Conf
dence-zPromlnent Banker Issues
( Note Of Warnina-The Total Sales
B apd Closing Quotations.

Y ------
q NEW YORK, June 27.-The rise In
prices of stocks today was clear re-
Election of the growing confidence in
financial circles. that principal trou-
bles are behind rather than before.
This sentiment has been underlying
the surface of the market opinion for
some time past affected by the con
straint of possible money market
complications in connection with the
half year settlements The furry in
call money today testified that the
semi-annual period Is not to be en-
firely exempt from effects on money
rates. Today's movement of call
loan rates was SO moderate, how
ever az to leave an effect of conf
dence, and especially in view of the
fact that but one more banking day
remained TO be bridged before the
tim for disbursements begin. The
stock market was still In profession-
al hands to a large extent, but indi-
cations of countenance given to the
government by important financial In
terests added to its influence on spec
ulative sentiment Stocks were dem
onstratiye and in scanty supply and
this was the mainstay OF the profes-
sional operators for the rise. Opera.
? tors for the rise avowedly based the
movement on the hope of an invest
ment demand for stocks springing up
after the first OF the month as re-
suit OF the effort to reinvest the pro
cess of dividend and interest dstribu-
tions.
Some attention was given to the al.
dress of the president of the New
York Bankers Association on account
Of the emphasis of his warning OF the
necessity. for retrenchment in loans.
The warning was given point by the
days report of assistance rendered
to an important industrial corpora
Ito nto save trouble from over ex-
tension for improvements. sharp
3upturn in wheat late in tho day add
ed to the disposition to take profits
and the extreme advances were con-
, slderably reduced.
Bonds We're irregular. Total sales
par value: s1,22S.000. U. s. Bonds
!. were unchanged ON call Total sales
today. 400, 100 shares including Cop
per. 10000: Sugar, 500; Tolncco.
100; c, & o. $500; x. l.. & N 1000;
5 N. & W.. 100; Reading 91,500;
+ Southern Railway, 500: do preferred,
900; Union Pacific. 13S.1O0; u. s. s..
$1,000; Va.-Car. Chem, 400; Northern
PRcific, 21,900.
Mans EXPIRES. Elk. Div........ .i26
Z Amalgamated Copper ....... S5%
Z American Car 6 Foundry. >. .142A
( American Car & Foundry. pfd.. 90
z American Cotton OIL .......... 81
American Cotton Oil. pfd. go. sc
American Express ..z10
American Hide & leather pfd.. 13N
American Ice ................ 67
American Ice pfd ........ 80.
g American Linseed Oil .. 10
American Linseed Oil pfd. $50. 1914
& American Locomotive ......... 5S%
American Locomotive pfd 49,. JOB
X American Smelling &c Refing 119M
American smeltg & Refng pfd 1O7
American Sugar Refining 49,. 1922
American Tobacco pfd certif 91A
Atchison ....... ..... 9OM
AlGnlSOna pId .,.............. %
Anaconda Mining Co.. 57M
I Atlantic, Coast Line. ........... 971s
baltimore e. Ohio ........ 97X
Baltimore x Ohio pfd ........ S5
z Brooklyn Rapid Transit ....... 551A
z Canadian Pacific 1915
q Central of New Jersey .......l no
y Chesapeake & Ohio ...... 33%
: Chicago Great Western ....... 1ON
2 Chicago e Northwestern 49,. las.
Chicago. Mil. & st. Paul. -. 1881
E Chicago Terminal & Trans 49,. z
Chicago Terminal e Trans pfd Is
e @ g., G. e. st. Louis. 66A
Colorado Fuel & Iron ..,...... BIN
q Colorado e. Southern ..... 255a
: Colorado q Southern LIST pfd GO
Colorado &c Southern End pfd.. 471s
2 Consolidated Gas ...A. .118
Corn Products t................ 1GM
Is Corn Products pfd ............ 72
Delaware 81 Hudson ......... .1G7M
& Delaware. Lackawanna & West AGO
Denver &. Rio Grande ....... &c
Denver. e Rio Grande pfd $50. TN
Diatillers' Securities ....... 661s
Erie .......,..... ............ 23M
Erie LIST pfd IS
Erie 2nd pfd ................. 80
General electric ..............13 0H
Hooking Valley ............... as
Illinois Central .-..............1 1881
International Paper ...... 13
International Paper pfd. ....... II
International Pump .-,....... %
International. Pump, pfd ....... 20
Iowa Central 80 ............. Tx
Iowa Central pfd ........... 80
Kansas City Southern 2b
Kansas City Southern ptd 80. SIX
Louisville s. Nashville ...... TIA
Mexican Central ........... 90
Minneapolis g. ST Louis ...... 40
Min, st. r, &. Saul. Ste. M. LOG
Min, st. P.,& sault Ste. M. pfd .135
Missouri. Kansas & Texas ~. 3SM
Missouri, Kan G Texas pfd.... GA