Daily press. [volume] (Newport News, Va.) 1896-current, 1907-01-30
WALL STREET TAKES
!, IGLOOMY VIEW OF It.
Professional SpeCuIata|ors AnlICl-
pate a Reaction Followed by
an Industrial Depression.
GRID|RoA SCRAP HAS ITS EFFECT
Accepted as Notice That the Ad.
ministration Will be Relentless in
Its investigations of the Big Cor
porations-Market Very Unsettled
S-cIosing stock List.
(Ry Associated pressl

NEW YORK. Jan. 29.-Thcrc were
signs of relief from the outset of the
stock market today from the acute
pressure to liquidate. fortified by ag-
gressive bear pressure which have
been In evidence for several days
past. The extent to which weak spec.
ulative accounts have been reduced
by transfer into stronger hands and
the over extension of bear account.
which always develops sooner or lat
or i'll the course OF II decline. were
given the principal credit of tho
change in the tone of the market.
There was no marked change in the
conditions surrounding the market.
Speculative sentiment continued de.
pressed and the staple of discussion
in the neighborhood of the stock cx-
change was the prospect of coming
reaction and industrial depression.
One Indication of the activity of the
bears was the exaggerated tone Civ
Ell to some of these discussions.
Incidents of dinner in Washing
ton at which the President and a
number of men conspicuous in the f.
fancial world were present. received
much attention and the accounts pub.
lished of the occurrences on that oc-
casion were interpreted as notice
served on the forces of capital of the
coercive measures they were to eX-
pect from the Federal administration
The embarrassments to which the
railroads will he subjected in provd-
ing means TO meet the great rush of
traffic or to make needed improve
ments doomed large in the current
discussion. The arrest of the down
ward tendency of the money market
was regarded as disappointing and
the provision to be met forthwith
called for the return to the treasury
OF $6,O00,000 of government deposits
of February l., was feared ms an UNI
settling influence Of the market. Re-
newal OF rumors of money troubles
here were conspicuous during the
time of the early pressure on the
market, but with the rally in prices
the rumors faded The rally in the
market was unsettled late in the day
by fierce drives against Pennsylvania
and Eric, hut the general level of
prices was not forced hack to the
previous low point Bonds were IT.
regular.
Total sales par value s2.O32, 900
United States Bonds were unchanged
OH call. Total sales i.0S630O Shares.
Copper, $500; Smelling. 34,SO0: Sug-
ar, 1900: Atchison. 22,9O0: A. C.. L..
1900: ST. Paul. 32,SOO; Erie. "a 500:
Pennsylvania, 66.2OO: Reading. $780,
d00 So. Pacific. 4l.60O; Southern o.
50O do. pfd. 400: U. S. Steel. 1922
900: Virginia Carolina Chemical 500:
Northern Pacific 2S,s00'
Adams Express ....... 900
Amalgamated Copper .... il 3.i
American Car 4: Foundry 49,. - Ia
American Car & Foundry pfd lO1 IL
American Cotton Oil ..... 80
American Cotton Oil pfd 80. 50
American Express ....... 235
American Hide & Leather pfd &c
American Ice ....... 81
American Ice pfd ..... 80. dareh
American Linsced Oil ....... 16 10
American Linseed Oil pfd 80. 81
American Locomotive ... II 10
American Locomotive nfd -. III
American Smelling & Rcfng. IA
American Smelt. &. Refng. pfd ia
American Sugar Refining -. $50 IA
American Tobacco, pfd. certif. %
Anaconda Mining Co. ...... 292 IL
Atchison ..... ..... 1O1 l-2
Atchison pfd ..... ...... 100 is
Atlantic Coast Line ..... 121 l-2
Baltimore & Ohio ..... 115 Ia
Baltimore C Ohio pfd ...... %
Brooklyn Rapid Transit 49,. rs "a
Canadian Pacific .. $50 l-2
Central of New Jersey 49,. ZIG
Chesapeake & Ohio ...... 80 1-2
Chicago Great Western $50. 16
Chicago F& Northwestern -. 1S5