Daily press. [volume] (Newport News, Va.) 1896-current, 1907-07-24
Effort 10 Stop lie Downward
Movement Of The List Was
Partially Successful.
SUSPICIOUS ABOUT HARTMAN ROADS
Spectators Do Not Like the Way
Union Pacific Hangs Back While
Southern Pacific Is Going Upwards.
steel Grows stronser-the Total
Sales and Closing Quotations.
(By Associated press.)

NEW YORK, July 23.-Thcrc dc.
veloped in the stock market today n
mild opposition TO the declining ten
dency which seemed sufficient to ar
rest the tendency without making any
attempt to push prices progressively
upwards. The result was dull mar.
kct which approached stagnation at
times. Tho only active trading was
half dozen favoritc stocks and the
prices Of these vibrated within IL mar
row range. The large earnings for the
past year disclosed by the official
statements given out last week gave
the basis for the r,imorS that threats
would be raised from the present five
per cent. The manner In which I'm
ion Pacific has hung back since the
new movement in Southern Pacific
started aroused suspicion as Union
Pacific would he the largest bencfi-
cary of any Increase in the Southern
Pacific dividend. Strength shown by
the Atchison was attributed to the cX-
PLANTATION that the annual report 10
be published probably on Thursday,
will show earnings very largely In eX-
cess of the present disbursement in
dividends The movement in Atchi-
son also gives some stimulant to the
demand for the convertible bonds,
only part OF which were subscr bed
for by the stock holders. II thus hap
pcncd that Southern Pacific and At
Gibson were the sustaining forces in
the market in the same way as yes
terday
There was correction <also of the
sharp weakness OF United States
Steel. which was q material factor in
Id. IL. Il
which in the opening declined today.
Buyers of the stock professcd conf
dence that the strike of iron miners
in the Lake Superior regions would
rebound to the benefit of the corpor-
alton, although this would signify
some plans OF contraction in pros
pect. The weather bureaus weekly
bulletin was not unfayorablc and re-
ports of black rust in winter wheat
awakened but slight response in the
wheat market. favorable estimate
of the cotton crop from pr vate
source OF some authority amongst the
speculative element attracted some
attentions. Difficulties in the way of
n Burlington REIMBURSEMENT in the
strict control vested in the joint
bondholders which were subject OF
current discussion, accounted for an
advance of n point in the burlington
Joint AS but provcd7a we ght on the
Hill stocks. Prices were lifted labor
iously in the final hour but the move
ment was inconsequential and did
not hold.
Bonds were irregular. Total sales
par value $4,000. u. S. registered
advanced oncfourth per cent Oh call.
Total sales today 375,400 shares in
Guiding: Copper $4,000; American
Cotton Oil, 900; Sugar, 400; Atchison.
21,4OO; C. & O., 900 l.. & ~. 200; N.
G. w, TOO: Reading. 1920; U. p.
$4,000; U. g. steel. 1890; V. c. c.
100; Sloss Sheffield, 400.
Adams Express .150
Amalgamated Copper .......... 91M
American Car & Foundry $3.50. 43A
American Car & Foundry pfd. 100
American Cotton Oil 80. ..,.... 32%
American Cotton Oil pfd ...... Sc
American Express ........... 2l0
American Hide &c Leather pa. ~
American Ice .................. o9I2
American Iinsced Oil ,...... VIZ
American Linsced OH pfd ..... ga
American Locomotive ......-.. o'%l
American Locomotive pfd. .10ik
American Smelling & Refg pfd l05R
American Sugar iciinlnS .l1Sii
American Tobacco pfd certif 50
Anaconda Mining Co. .......... oaas
Atchison ........ -............ 3"T'
Atchison pfd .................. W
Atlantic Coast Line ......... ~
Baltimore & Ohio ............. "
Baltimore & Ohio pfd ......... 81
BROOKLYN Rapid Transit. ...... DO y
Canadian Pacific ............ lIoA
Central of New Jersey la
Chesapeake & Ohio ..........-. 30
Chicago Great Western ....... ~
Chicago e. Northwestern ...... los y
Chicago. Mil. & ST. Paul l3l "
Chicago Terminal & Trans. 80.
Chicago Terminal & Trans. pld. 10
G.. c.. G.. e st. Louis ........ Us y
Colorado Fuel & Iron .......-.. ~ ~
Colorado G.. Southern ......... -
Colorado e. Southern LIST rfd .9,2
Colorado & Southern End pfd 12H
Consolidated Gas ..,-..........li 10
Corn Products .........-....... 20 20
Corn Products pfd ............'
Delaware & Hudson ......'. - "a
Delaware, I.ackawanna az west 4oa
Denver & Rio Grande. ........ ~ u
Denver & Rio Grandc pfd 80. ~
Distiliers' Securities ........... %
Erie ....-..i... .-...-...'''''' -na11
Erie 1st pfd -...............'.' 80
Erie end pfd ......''..- -
General Electric .........--.''i 10
Illinois Central ACKNOWLEDGEMENT ~
International Paper .,.........- ~;
international Paper pid ''.,,..-,.'' z.