Daily press. [volume] (Newport News, Va.) 1896-current, 1907-05-21
BULLS OPEN CARpAIH IN WHEAT
All of the Granger Roads Were Con.
spleuous ! n consequenee-speclal
Weakness In Hill Stocks Caused by
unfavorable Reports from Wash.
ington-The Total Sales.
(By Associated Press.l

inertia Of the stock market gave way
today to sharp downward move.
ment, accompanied ty some broaden
Ing OF the speculative interest and an
Increase In the aggregate OF the deal
ines over the recent averages. Good
observers professed to see some evil
dence of liquidation In the selling part
OF 1t induced by the decline itself
The large proportion Of the dealing.
were admittedly in professional hands
still. There was clear evidence also
that the hands which were operating
with renewed yigor In stocks were
carrying on parallel operations in the
wheat market.
This Is very usual coupling OF
speculative activities, bull campaign
In wheat offering some logical argu-
ments for selling of securities, and
especially OF the grangers railroads.
which were In fact quite conspicuous
In the selling of today, and 1t was
common belief that some OF the prn.
cipal selling orders in the stock mar
ket came from houses with important
grain connections.
The speculation decline received Il
considerable impetus from the news
OF government activities at Washing
ton The special weakness of the
Hills stocks was tracable to the report
from Washington that the inquiry in.
TO the common relations OF those
companies to the Burlington railroad
was to be aggressively extended The
contents of the reports the bureau
nf corporations on the Standard OIL
Company was n companion In the
Influence MS the principals there
form tho rockoninox Of Tho ,o.o,,,,
of reasonableness in charges for serv-
Ice by public corporations were re-
garded as widening indefinitely. The
problem of rates to he charged by
railroads as they might be controlled
by the government The special weak
ness in Union Pacific as we'll as in
the Hill stocks looked to Washing
ton for its inspiration.
Holidays abroad left this market
without reflection from that quarter
and dullness also prevailed in for.
eign exchange markets. A freak in
United States Steel second fives was
the feature of the bond market at
trlhuted to rumors, which were denied
of an intended nCte issue by the cor
poration.
Bonds were easy. Total sales par
NuluCp Pltfit,Ouu- DOlluS were
unchanged on call. Total sales to-
day, 74S.4OO shares, including Copper,
61,70O; Smelling, 69,4oO; Sugar,
1900; Tobacco 100; A. c. L., 4OOY
C. &c o., 1900; L. & N, 1000: N. G
w, 1900; Penna., 2l.9oO; Reading.
$4,000: Southern. $500; do pfd.,
1,4OO: U. S. s teel, "a, 100: v. c. c..
100; N. p. 2G.700; Sloss Sheffield 900.
Adams ExnresS 300
Analgamated Copper ......... 81
American Car & Foundry .f..... 80
American Car &c Foundry pfd :. 99A
American Cotton Dol ......... so
American Cotton Oil pfd ...... 81
American Express ........... 205
American Hide & Leather pfd.. IS
American Ice .............. 81
American Linseed Oil ...... IL
American Linseed Oil pfd ...... 25h
American Locomotive ......... 58A
American Locomotive pfd 80. .1O5
American Smelling & Refng. .122A
American Smelling & Ref, pfd. .1o5&
American Sugar Refining ..122
American Tobacco, pfd certif... 80
Anaconda Mining Co. ......... 81
Atcnlson Neutrality-suspicious.. StA
Atchison pfd ................. 93B
Atlantic Coast Line ............1 100
baltimore & ONO ............. 10 II
Baltimore & Ohio pfd ......... S61a
Brooklyn Rapid Transit ........ Sc
Canadian Pacific ........ .170M
Central Ne wJedsey LIS
Chesapeak g. Ohio .......... 34A
Chicago Great Western ........ 10M
Chicago e. Northwestern -. .15SR
Chicago, Mil. & st. Paul .127R
Chicago Terminal G. Trans 49,. b
Chicago Terminal & Trans pfd. 10
c., c., G. & st. Louis .......... 81
Colorad Fuel & Iron ,.......... 80
Colorado & Southern .......... 23A
Colorado &c Southern 1st pfd.... 58h
Colorado &c Southern End pfd ;. 43h
Consolidated Observation-Disclosures. 134A
Corn Products ............... 1874
Corn Products pfd ............ II
Delaware & Hudson ........... 1874
Delaware. Lackawana G. West AGO
Denver & Rio Grande ........ 24M
Denver e. Rio Grande pfd 500. n
Distillers' Securities ...-....... 81
Erie Observation-Disclosures. 23M
Erie list pfd NEUTRALITY-SUSPICIOUS.. 81
Erie End pfd .................. 36H
General Electric ...............14 0
Illinois Central 1876
International Paper .......... II
International Paper pfd 1900. 73
International Pump ............2 "a
International Pump pfd ....... 76
Iowa Genital ..,........... 1919
iowa Central pfd ..........4 IL
Kansas city Southern ........ 24ss