Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-07
.RUM0Rs FROM CAPITAL
SEND STOCKS UPWARD
Advises Say That ACn'stpaAon Has
Determined Not 10 Actually
Pursue Hartman.
FEAR 10 IhPE'Il SITUATION
Retirement of Friend of Railway Com
binatIon RevIves Discussion OF
Supposed Friction Between 'antcr.
!, i.'esss" and Present Control of Alton
4 Earnings Satisfactory
(By Associated 1ressa

NEW YORK. June G.-The transac-
S.lors which carried prices OF stocks
upward In today's market were lin.
2lted In amount, and were believed
Glto be from professional sources al.
most entirely.
Evidently the professionals ma
tine best inspiration for price move
Ihents In rumors from Washington
REGARDING the intended policy OF the
authorities towards corporations.
q Ioday's rise was due In large part
to- the positive assertions contained
In. Washington adviccs that deter
mina7ton had been reached AFTER
leonsultatio amongst members of the
administration to refrain from All
i actual pursuit OF the Hartman rail-
road combination because OF fear
G that the general situation might be
lmperiled by such Il course This
was the same report that emanated
from Washington on Tuesday. with
the effect of putting up prices.
The retirement from the Chicago
Alton directorate of n friend of the
hartman interest revives some dis
cussion of the suppositfon long held
In the financial district OF severe fric,
ton between that interest and the
present control of the Alton. This
discussion, however, did not Interfere
with the strength of both the Harri-
man and Rock Island stocks.
Railroad Enrnngs Satisfactory.
9 Heports of railroad earnings were
satisfactory as rule, the heavy ad-
< uitions to Southern Pacilic's operat-
! ing expenses for April having spec
:. ial explanation in congestion OF traf-
J. Tic and interruption by storms. 'rhc
Great Northern reports an advance
\ OF GROSS earnings for May OF over
2S per cent. An Increase of net
: earnings for April OF all railroads
}, thus far reporting shows percent
age of more than 80 compared with
last year.
The declaration OF the regular quar-
terly dividends on marlborough
I Metropolitan relieved some fears or
the passing OF the dividend and the
New York Utilities moved upwards
despite tho final act in the enactment
OF the Public Utilities law at Albany.
Further outgo of Gold.
4 Further outgo OF gold by Satur-
! DAYS steamers was accepted rs n
1 certainty. When the traders came
to an attempt to take profits prices
yielded rather easily as their own
buying had been principally RESPONSE.
bic for sending prices up. The close
z wal heavy.
! Bonds Irregular. Total sales par
!, value $954,000. U. S. old d's register
ed advance of L, and the new As
I declined II per cent on call Total
{ sales stocks d97,6O0. including: Cop
per 10000; Smelling 2S,SOO; l'obac-
co 100; G.. e o. 500; Reading 1884,
300; H. & N. 1900; N. & w. 500;
NJ. o. p. 7S,3UO; U. S. steel 10000;
Southern Railway 700; Southern Rail
way 300; Virginia Carolina Chemical
4 100. ,s;r,,
4 Adams" Express ...............3 800
hmalgamated Copper ........ S4h
/ American Car e Foundry ...... 41M
American Car Il Foundry pfd.. 1914
American Cotton Oil .......... 3O1s
American Cotton OIL pfd $50. SIS
American Express ........... 200
American Hide &, 7 ,pather nfd 1S7k