The daily morning journal and courier., 1907-10-24
EXCITING DAY WITH
 TIE LOCAL BROKERS New Haveners Suffer With Others in General by
 the Slump. FIGURES TELL THE STORY --aay Hard Hit Hene by the shrinkage in Amalgamat- ed Copper and Other
 Stocks.
FIGURES TELL THE STORl

It was an exciting day in New Ha- ven brokers offices yesterday, partic- ularly so where the ticker was telling it's doleful story and where the figures OH the blackboard were being watched with intense interest.
 The drop on stocks is affecting the pockets of New Haven investors in common with investors all over the country. The price of New Haven railroad stocks which touched 134 1-2 yesterday is a low figure which makes holders sit up a little. But this stock did not go as low yesterday as Dele ware & Hudson, which is in the same class with the New HSven's stocks and which got down to 128 yesterday on forced sales. A year or more ago it sold around 240, New Haven stock when it broke under that figure not few of the local monied men got aboard and laid in a supply as the fig ure then was tempting, Delaware & Hudson rolled to about 133 at the clos ing yesterday. It pays per cent; New Haven stock closed at 134 1-2. It pays 8 per cent.
 Swift & Go. stock was a center of interest in Chicago yesterday, where many shares were forced upon the market yesterday and it got down to 9S closing, at S5 bid, 95 asked There is a drop of about one-half or compar- ed with It's price within a recent per- iod The dimlnution in its value rep tresents a shrinkage from the high fig ures of considerably over half t1il- lion for New Haven investors alone But this stock, as is the New Haven stock is held for investment and but few shares come upon the market
 The shrinkage in Amalgamated Cop- per stock represents heavy dirninu- ton in this asset of many New Hav eners. It is estimated that the shrink age for people here Is more than $2oo,- 1 000
 Of course buyers of Southern New England Go. telephone stock have to ] contemplate drop in the value of | their property from about $40 Q share ! to close to $100 share. But included in this for many owrters here is a ray or two of consolation in the rights that they availed themselves of.
 Of that good staid old dividend payer New York Central a large amount is l held here chiefly for investment The holders who have seen it drop seventy dollars per share in the last eighteen months wish no doubt they had sold out at the high figure and bought it eack this week.
 Of Ontario and Kestern large num- Der of shares are held here and some of the holders bought it at about $50 a share. With the price down to 28 1-2 there is also food for reflection.
 Delaware & Lackawanna has got , down 100 points or so but at $400 a share as now 1t represents a huge per centage of profit to many holders i here
 The holders of Westinghouse here have to contemplate a drop in these these stocks from about 200 to S5-- much of which was accomplished in l the last week and it was doubtless the extreme weakness of this stock that prevented the afternoon upturn yester- ] day in the New York market from ex- tending further When the exact situ- alton of the company Is better under. stood it will probably prove that ar altogether too pessinistic view has been taken. The suspension occurred l for no lack of assets but because the i banking concern which held it's notes had become involved in difficulties. The inability of the company to market its new issue of stock and bonds was 3 blow not calculated upon. It Is anoth' CT case of where a big corporation has got cramped for funds.
 Holders of General Electric here who eagerly took their rights to new stock when the stock was selling around 1St regret that they hadn't waited unti now with the price down to 96 1-2- the closing price yesterday and witt the stock touching 86 1-2 on it's low point.
 Of course panics come every once 1T while and the country isn't going tc the dogs Some day stocks will climt again, but when-that is something that no fellow can find out just now.