The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1907-08-13

- GOt No heip From
--Goyerment Report of Crops.
New York, August 9.-The remark
J able features of today's stock mar
ket, in view of the violent fuctua.
tons of the last few days, was the
freedom from nervous and sensa-
tionalism, in spite of the recurrence
of a marked degree of weakness.
The hope that the liquidation had
spent its force and that a substan-
tial rally would result from the re-
quirement of the uncovered short
interest was short lived. New poiats
of weakness developed almost from
the contest instead Of the feyerish
and violent breaks which charac-
terized yesterdays market, however.
there was a gradual and not disor-
derby recession. The bears refrain
ed from fierce raiding tactict which
have been employed for several days
and on the other hand seemed in no
anxiety to cover their short contracts.
Rallies we're few and infreQuent, al
though the decline was many times
arrested.
These pauses in the selling gave
place until late in the day simply
to dizziness and the market was sing
ularly lacking in res1dency. There
was a considerable reduction in the
volume of business and considera-
bic intervals of actual dizziness in
the market. The news of the day
had little direct influence on the
market The agreement reached
between che Southern, railway and
the Alabama state authorities failed
to exercise any stimulating effect
on the demand for The: securities of
that road.
A statement from the acting attor-
ney general of the United States
was construed as being intetsfed for
r%eassuring against some of the SEN
sational rumors in circulation of the
the governments further intentions
in the prosecutions of the corpora
The news that the attorney |
general was the consultation with
the president, however, and the pos |
of a public announcement
On the result a restraint on the |
market. |
The most pronounced recovery of /
the day came after the report of +
granting Of a writ of error to- /
the Standard Oil Company in. tle |
case involving the $4,000, 900 fine.
The estimates OF the weeks cash
changes showed a decisive turn in,
away fro mNew York, the balance
If shipments over receipts being es-I
at $1,000, 900, besides the
transfer through the s~ub-treasury
IF 81, 900, 900 to Chicago and San
IN,,o ooiCo1 C+0o11c or+ No ho1p fro ~, |
he government report of crops, tlieeT
corn condition showing less than
he expected improvement whileI.
he decline in the corditfon of spring.
wheat was regarded as sensational:
Bonds were Irregular. Iotal sales.l
par value $S64,tJ0. United States
we're unchanged on call Total sales
today 596,60O shares. Atlantic |
Coast Line sales LOO shares.
Several stocks quoted in New York
fell to new low record levels today.
Notable among them was Standard
Dill, which at one time during che
lay reached 466, the lowest point
in many years.: A little la
ser the stock was offered at AIS, with
40 bidders. !
Several years ago Standard Oil
'Olu 0 SbUO per snare ana To-Day S
price indicates a shrinkage in value !
on the capital stock of
more than $500, 900, 900.
Other stocks that sold at a new |
Iow record today were the common
and preferred shares of marlborough :
Company which oDerat- !
es the consolidated traction company T
On Manhattan Island. InterboHpughtg
common sold at Ii, and !
the preferred a 1874. These 1guresf
are just about one half the pTice OFT
a few months age. !