Daily press. [volume] (Newport News, Va.) 1896-current, 1907-02-09
Most of the Day There Was an Elk
treme Dizziness Accompanied by
Hesitatins FIutuations-lmportant
Developments at the National
Capital are Looked for.
(By Associated Press. !,

WStc tDONC luc lever
of yesterdays recovery. Apparent
distribution was going on at that
level when the market lapsed into
extreme dullness and hesitating fluc.
tuations thereafter. The effect was
to revive doubts over the specula-
tive outlook. Most of the material
OF the days speculations emanated
from Washington.
There were large buying orders
at the same time executed by houses
with important connections. The
effect was to produce the Impress
ion that important developments
were to be forthcoming there, bear
ing on financial and stock market
conditions.
1t is believed that provision for
the routine deposit of surplus re.
serve of the government. including
custom receipts in the national
banks, will be made and the limit
of monthly retirement of bank note
circulation expanded to $12 900, 900
or SIS 100000 instead of $4,000 900
as present. The removal of this linn
itation is expected to lead to freer
note issue by the banks where they
are restrained now from the diff
Guilty OF retiring the notes when
they come back from circulation.
hardening of the call money
rate late in the day weighed some
what on the market. This was sup
posed to be due principally to the
making OF. provision for paying the
subscriptions to last weeks New
York city bond issue of thirty mill
ion. I'D
The preliminary estimates for the
weeks currency movement also in
dicated weakened banking posi-,
ton. The movement on balance to
this center from the interior ap-
parently continues but on SO small
scale as to Offset only slightly the
loss of the banks. ON sub-treasury
operations, which amounted to s4,-
291. 900. The dropping tendency of
the market more than wiped out
the earlier gains and held to the
closing which was easy.
Bonds were irregular Total sales
par values $4,000 U. s. bonds
We're unchanged on call. Total sales
$4,000 shares, including Copper,
74,5oo; Sugar 700; Tobacco 200;
Anaconda 34,7oO; A. c. L. 700; ST.
Paul 10000; Pennsylvania. G1,3Oo;
Reading l7S.3OO; Southern 500;
Southern pfd 500; Union Pacific a.,
500; U. S. Steel 69,10O; Virginia,
Carolina Chemical 500; Virginia
Carolina Chemical pfd. 100.
Adams Express .290
Anatgamated Copper ........ 1924
American Car G. Foundry =. 43 3-4
American Car & Fdy pfd. 100 IA
American Cotton Oil ......... 30 3-S
american Cotton Oil pfd...... SS
American Express 230
Amer Hide & Leather pfd.... 26
American Ice 83
American Linseed Oil. -. IT
American Linseed OIL pfd. 80. SO
American Locomotive ........ 703
American Locomotive .pfd. lii
Amer Smelling C Ring. 49,. LAB
Amer Smelling & Ring pfd. ..l15
american Sugar Refining. -. 1913 Is
Amer Tobacco, pfd ,certif. -. 96
anaconda Mining Co. .2S2 L.
AtchlSon ........s ..-........lO l "a
Atchison pfd Observation-Disclosures. %
Atlantic Coast Line ......... .121
Baltimore & Ohio 1853
Baltimore G. Ohio pd $3.50. 90
Brooklyn Rapid Transit ... 37-s
canadian Pacific ......... 10 Il
Central of New, Jersey POS
chesapeake az Ohio ........ so Il
Chicago Great Western .... 16 Is
Chicago C Northwestern -. .1G4 4:
Chicago. MiE & St. Paul. -. :. .147 81
Chicago Terminal & Trans. .
Chicago Terrninal.& Trans pfd. 90
&C., c.. c. & St Louis. ....... SS1,:
Colorado Fuel & Iron ...... rs rs
Colorado &c Southern . ..... 50
Colorado &c Southern list pfd.. 67
Colorado & Southern End pfd. 80
Consolidated Gas 49,
Corn Products ......... 231-.
Corn Products pfd .i........... 81 J.
Delaware G. Hudson ..210
! Delaware, Lackawanna e West SOC
Denver e Rio Grande. ... 81
4 Denver G Rio Grande pfd -. 70 l.
H Distillers Securities ...... rs l.
IN Erie .,....... Observation-Disclosures. 35 l.!
\ Erie 1st pfd ~. GO Z.
Erie End pfd s'........ G1
A General Electric 160 l..
blocking valley .............10 los
Illinois Central ...............159