Daily press. [volume] (Newport News, Va.) 1896-current, 1907-09-20
Wall Street Was Yesterday Large.
Iy IN The Hands Of Professionals
Who Played FavOpltes.
SPECIAL INDIVIDUAL MOVEMENT
HllI Stocks Take Back Scat and the
Union Pacific Group rakco che
Central Place on the stage of
operatlons--The Total Sales and
Closing Quotations.
by AnsosInisn Press


NEW YORK, Sept. 19.--The source,
rom which sprang the better spccula
i've feolinB prevalent IN the stool
market today would bo difficult to do
Inc accurately. Tho market WA,
largely professional and tho influence,
10 which most attention was paid
wero sueh aa ore usually favorltet
Win tho professional class OF opera
tors on the DOR. The personality OF
tho brokers or flrins which wore exc
enunE tho largo orders In stocks. thei,
supposed affiliations and rulnors ot
possible financial projects that might
lie back OF tho operations made up tho
stock in trnde of those who claimed
TO explain tho market Tho incident
OF an extended uncovered sort OF I'm
terest in tho market which was made
uneasy by the aggressive appearance
OF the advance, undoubtedly constitute
eu nn important Item In the e..plana
tioH of the market.
special movements IN Individual
stoeks from time to time have given
rihe TO suppositions OF DEVELOPMENTS
Mhvoring these properties. Such was
Tie recent movement in the Hill
stocks which waa accompanied bv
aurmises OF Il aeadjusment OF con.
troll of the Burlington which would
be followed by an extra distribution
OF profits. Today Union Pacific held
ne place In tho market that was pre-.
viously held by the Hi stocks The
Strengthened condition OF the money
market for n long time past has boon
par to ventures involving resort 10
circuit. but the growing ease of money
win the satisfaction of the specal
needs ot the largo syndicate transac.
lions Of last week removed this bar
There was some early unsettlement In
pRa market due TO the influence OF
ths removed depression in the metal
stocks. The statement of tho intend.
cd policy on tho part of the large
copper producers given ont yesterday
while not a surprise, was disappoint-
ment in not offering any encourage.
ment for the more hopeful feeling
over the outlook for n resumption OF
demand for the metal. But the resist.
anoe offered by the general list OF
Stocks to the influence of the decline
III me metal stocks was made IL sub.
ject of favorable Interpretation over
the condition of the market.
The continued rise in the New York
city bonds and the advance In tho
Union Pacific convertible bonds gave
tono to the bond market and was a
helpful Influence on the whole mar
ket
Bonds were frmer. Total sales par
value s2.1G6,0O0 U. S. bonds were un.
changed on eau Total sales today
579.60O shares Including Copper So
400; America Cotton Oil 200; Smelt-
ing $4,000 Sugar 800; Tobacco 100 /;
a. G. l.. 400: . ana o. 1900; /, and
NJ 200: Reading 10000; Southern
Ry. 5000 do pfd 100; U. 1213OO: u.
s. Steel 43,500; Va. Car. Chem. 800:
do pfd 200; Nor. Pnc. S7,10O; Sloss
S s. 100; Great Northern pfd
nu"iiis f'ApresS ............... $50
Amalgamated Copper ..... COZ
American Car and Foundry -. SSH
American Car and Foundry pfd 94A
american Cotton Oil ...... s31s
American Cotton Oil pfd -. S5
American Express .,......... 195