Daily press. [volume] (Newport News, Va.) 1896-current, 1907-08-17
Course Of Market Yesterday Was
Marked by Extreme |rregu|ariIy
and Small Operations.
REPORTS OF B G BUSINESS FAILURES
Members of Stock Exchange Hear
Dscouraging Reports from All over
The COMMUNICATIVE Stocks lake
Another Violent sIump-The Total
Sales and Closing Quotations.
tny Associated prcssl

NEW YORK. August iG-Thc
course of today's stock market was
marked by extreme irrogularity with
operations on Il slightly reduced sca;c
and limited in the main To tho active
issues. The lowest prices of the dny
We're touched in the final hour when
persistent rumors of threatened fail.
ures in banking circles were current
Aside from The encouragement which
Wall Street saw fit TO derive from
the forthcoming public speeches of
President Roosevelt and Secretary
Tart, the days Developments We're
for the most part adverse Early in
the session reports coupled the name
of 4 very large Western manulactur-
ing concern with impending irSol.
Vcncy. This securities OF this corpor-
alton fell abruptly as they had done
on the previous day losses ranging
from -four TO five points or more in
the common and. preferred shares An.
other very disturbing element was the
maximum decline OF 4i points i'm the
shares of the Old Metropolitan Rail.
way, whose per cent dividend Is
guaranteed hy the sO-callcd holding
company which controls the local trac.
ton roads. Sentiment was further
affected by dispatches from various
out of town points. most of which told
of business depression and increased
hardening of money rates An IN
favorable factor was tho somimonthly
report of recognized cotton expert
which stated that the crop over the
greater part of the cotton belt wouS.
hardly make more han normal show.
DrirnG IN, a..
late trading and all of the early gains
We're replaced by losses of Il point or
more in the active list with more Sc.
we're declines in the spccialtics. The
closing was dull ana weak with 'Iur
Their liquidation in evidence
Time money was firmcr, flat I
per cent rate being fixed for all six
month loans Most ninety day ma.
turtles were negotiated within fran
ton of that figure
Bonds We're irregular. Total sales
par value, were $l.5Gi,OOD u. s. 2's
registered and the Is registered de-
clined onc'eishth per cent on call
Total sales stocks today 72G.l0O shares
including: Copper. S7,400: Smelling
2S.lo0; Sugar. 1000: American. To.
l1cco. 200; Coast Line. 500: C. & O..
loo: ST. Paul. 22.G00; ~ & w. 500;
Pennsylvania. 29SO0: Reading. l3l.-
800; Southern Pacific. 2S900: South
ern Railway, Loo: Southern Railway
pid., 200: Union Pacific 100000; Il.
5. Steel. 7-i,lO0; Virginia Carolina
Chemical. 100; Sloss Sheffield. 400
Adams Express ........... $50
Amaisamaiod Copper ... G7N
American Car & Foundry -. ~
american Car Foundry pGd %
American Cotton Oil ......... 80
american Cotton o.. pfd $3.50. 50
american EHpress .-......... 1870
American Hide & Leather nfd l5h
american Ice ............ -
american lilSeed Oh .........
,'i ol' "a" 100 ~
american Locomotive ..........5l
american Locomotive pld 80. 100
american Siheltlhg II Reig 49,. 3Ik
american Sn'i'ing Refg pfd 91ia
american sugar kcilning ......l11
,h '" ia" o'i'ii 80
n",'o'"'' AIMING 20 ''.'''.... 13l2
,,ai'i c,''-'' ''''''''-'.'' Sis
H.rulSoh pa .-........"....... 80
NtHlntlc Coast Line ........... sou
nai,i'''ole ONO ..''-.-..... "Sh
n n''lli,i,ore ~ ono pa :......... 80
naoohyn in.pid rrahsit........ II Is
C C" Iac'hc .-..''.........l65
ach,Iai i-cather .............- i'M
C c i.ra."er pid....-'''-t... NJ
Nch'iai Oh new Jersey ..,.-... lfo
f,bic,,ro rr,,t ,tya., ." nc
C ,,,i rreat western ...... w