Daily press. [volume] (Newport News, Va.) 1896-current, 1907-05-24
SPELL Of Liquidation which PuI
& LIE Into the list Seems
1 10 be an End.
OUTLOOK DIsGouhAGEs TaIDERs
TIE Condition Of Ease In Call Loans
is Regarded ao a Sign of the I'm.
certain Feeling Over the Money
yPfobIem-The Total Sales and the
Closing Quotations.

(By Associated press.l

NEW YORK. May 23.-The stock
market today frelapscd into tho con-
dttior of lethargy from which the
spell Of liquidation this week briefly
awakened 1t. Yesterdays brisk re-
covery was due to the retirement OF
large short interest and the usual
effect was seen today in the reduc.
ton OF the buying necessities which
a short interest involves. The de.
mand was 30 far curtailed that re-
newed attacks on prices we're in
vlted, but this attempt developed the
TACT that support was being accorded
TO some. of the influential stocks.
Also there was no such liquidation
induced by the decline in prices an
was dislodged in the bear raids OF
Tuesday. Traders thus met with dis
couraging factors in whichever direc-
ton they attempted to move prices.
The attempts were practically aban.
doned at times and the trading was
In n condition of semi-stagnation,
with n barely perceptible drift of
prices. The downward tendency was.
renewed at the last. Some steady
Ing effect was due to the reaction in
the wheat market and to various re-
ports OF improved conditions of the
wheat crop. The money market was
easy on the surface. This is due in
part TO the purpose of lenders to
Keep their funds in form of loans
which may be recalled readily.
The condition of ease in call loans
is regarded as a sign of the uncertain
1eeling over the money problem. The
$5,000,OOO Erie note issue was the
latest addition to the capital necessi.
ties of the railroads. Other issues
are felt to be sure to come. Bankers
Keep up their interest In the question
81 withdrawal Of government depos-
It's from the national banks in Drcpa.
ration for bond redemptions on July
l., 1t is held that such Withdrawal
might operate to prevent gold ex-
ports and SO keep resources available
Tor this market infcase of need. The
passage of the two-cent fare bill at
i55eAlbany was a factor In the weak
CLOSING of the market.
bonds were irregular. Total sales
S1,31O,0OO. U. S. new AS declined u
per cent. on call. Total sales today
524 300 shares, including Copper 81
500; Smelling 10000; Sugar loo;
A.C. L. 200; G. & o. 1850; l.. & N.
800; N. e w. 100; Reading 1S1, 400;
Southern 900; Southern pfd 100; I'm.
ION Pacific, 81, 400; U. s. Steel $4,000;
h1iooo SleCl
Adams Express oS7
Amalgamated Copper SSA
American Car G Foundry Is
American Car & Foundry pfd :. 9Sh
American Cotton Oil 20
American Cotton Oil pfd ....... IS
American Express Dos
american Hide &c Leather pfd.. 17h
American Ice 65
American Linseed Oil ........ IL
american Linseed Oil pfd -. 25M
American Locomotive bSM
american Locomotive pfd -. .1O5
American Smelling & Refng .116N
American Smelling G. Ref pfd. 1904
american Sugar Refining ;. .121M
American Tobacco, pfd certif. 90
Anaconda Mining Co. ....... 5oM
Atchison XS
Atchison pfd 92R
Atlantic Coast Line .... 99b
Baltimore G Ohio 95H
Baltimore C Ohio pfd Sc
Brooklyn Rapid Transit 53
Sanduian e.Facltlc III
Central of New Jersey It's
Chesapeake & Ohio 34&
Chicago Great Western 10
Chicago s. Northwestern .14SIs
Chicago Mil. &c ST.. Paul .127X
Chicago Terminal &c Trans 49,.
Chicago Terminal G Trans pfd.. Is
C..sC, G. &c st. Louis Is
Colorado Fuel &. Iron 1890. 39M
Soloraqo g. Southern ....,......23A
Colorado e. Southern LIST pfd 58
Colorado e Southern End pfd. So
Consolidated Gas 1864
SofH frouoctS ....-... 175s
Corn Products pfd ~
Delaware & Hudson ..I24
Delaware. Lackawana & West. .46u
Denver G. Rio Grande 24B
Denver & Rio Grande pfd 70
Dlstillcrs' Securities 631s
ERIE ........,........ 223a
ERIE lst ptd .....,............. 645s
ERIE md pfd ................. 36A
General Electric .... iii
Illinois Central ~ 1851
International Paper ........... 11h
International Paper pfd 20
International Pump ....... %
International Pump pfd ........ 72
Iowa Central :....,........... 1877
iowa central pfd .....,,...... 80
Kansas City Southern ....... 24k
Kansas City Southern pfd 80. 5gM
Louisville G. Nashville .112M
Mexican Central ....... 20
Minneapolis & st. Louis az
Mimi, st. p. e. Sault ste. NJ. 81
MINI, ST. r & s. Ste. NJ. pfd. 73H
missouri Iacltic ....-......... 73E
Missouri. Kansas & Texas 33X
Missouri Kansas & Texas pte. 62 ;
National Lead .......... GIL
National r. Il. OF Mexico pfd ). So