Daily press. [volume] (Newport News, Va.) 1896-current, 1907-06-29
CALL MONEY MARKET
VERY MUCH DISTURBED
Preparations for The July Settle
msAts Cause uAsasIasss on
lhs Stock Exchange.
CROP PROSPECTS ARE GLOOMY
Professional Operators, However,
Continued Confident by Reason of
The Very scanty Offerings of
stocks-sp Spectators Seem to Be
Hopeful.
tBy Associaled Presa.l


money market was further disturbed
today by preparations for the July
settlements. The loans made at the
Stock Exchange today, however, car
ry over until Monday. On Monday
will begin the distribution of divi
dends and interest to an amount es
timated at Sl83000.O0O. Such was
the course of reasoning which
prompted the pursuit OF the early
operations in stocks today until the
failure of New York City bond offer
ing threw damper on enthusiasm.
1t is said that much of this $lS3.O00,
600 will find its way back into stocks
for reinvestment. 1t Is said also that
the money market viii subside into
easier conditions soon after the turn
OF the month Call loans touched ~
per cent today. What may happen
when the rate for call loans subsidies
again is an unsettled question.
There were further gloomy reports
on crop prospects from the same
source as caused yesterdays jump in
the wheat market and the late reac-
ton in stocks, but both were colnpar-
atively indifferent to these forebod
ings today. Professional operators
continued confident by reason of the
very scanty offerings of stocks per-
ceptible and the sold out condition of
the market thus inferred. It is
frankly admitted, however, that the
buying now in progress is not gen
orally designed for long holding but
is designed for early conversion into
moderate profits, should such profits
offer The speculative contingent
had worked itself up into n professed
state of great hopefulness over the
promised success OF the New York
City bond offering which was to be
adequate according to the assertions
current in the stock market. AS the
Offering proved to be finsco there
was some disappointment amongst
buyers and a sharp reaction ensued
The furry in the call money market
aggravated the reaction and prices
were forced back so that the days
changes show more losses than
gains.
Bonds were firm. Total sales par
$ value S964,00O. u. s. bonds were un-
changed on call. Total sales today,
600; Smelling 22l00; Atchison 49,
100; A. C. l.. 500; C. & o. $500; l.. &
N 1900; NJ & w. 1900; Pima 49,
400; Reading 1871 400; So Rv 700;
So. Ry pfd 1000; U. S. Steel 4S,6O0;
v. c. c. ], 800; Nor. Pac. 22.2O0; Sloss
sheffield. 100.
Adams Express PIG
Amalgamated Copper ........ S47s
american Car & Foundry -. 42&
American Cotton Oil ......... 81
American Cotton Oil pfd 49,. Sc
American Express ..210
american Hide & Leather pfd. 1 Is
American Ice .......... 81
American Linseed Oil ....... 10
American Linseed Oil pfd 49,. 231s
American Locomotive ...... 6714
American Locomotive pfd. .104
American Smelling & Refng. ..111A
American Smeltg & Refng pfd 1861
American Sugar Refining .... .121A
american Tobacco pfd, certif. 81 rs
anaconda Mining Co. ......... 81
Atchison ...... .............. 90ss
Atchison pfd ........ 92s4
Atlantic Coast 5sLine ........ 9S1a
baltimore & Ohio ............ 95A
Baltimore G Ohio pfd ......... S4M
Brooklyn rapid Transit ....... 55A
Canadian Pacific u. .-.......... .1Tl%
Central OF New Jersey ....... .175
Chesapeake & Ohio .......... "a
Chicago Great Western ....... 10A
Chicago G. Northwestern ..... .145h
Chicago, Nil. e. st. Paul. 1854
Chicago Terminal G. Trans. z
Chicago Terminal & Trans. pfd Is
G. c., C. & st. Louis .......... 66ss
Colorado Fuel & Iron ........ BIZ
Colorado Southern ............. 25M
Colorado &c Southern 1st pfd.. SOY
Colorado & Southern End pfd.. AZ
Consolidated Gas LIS
Corn Products 4. ............... ~
Corn Products pfd ............ ~
Delaware G. Hudson ........ 1853
Delaware. Lackawanna & West. 464
Denver g. Rio Grande ......... 26
Denver & Rio Grande pfd 80. 20
Distillers' Securities ......,... Sc
1srie LIST pfd advertisements. By
Erie End pfd ................. 81
General Electric ..............1 39
Illinois Central ............. 1881
international Paper ........... 10
International Paper ,pfd ....... 20
international Pump ........).. %
international Pump pfd ....... 20
iowa Central .............,.. ISL
Iowa Central pfd ............. S9a
Kansas City Southern pfd 49,. 81
louisville & Nashville Hay
Nxican Central ............... 20
minneapolis e. st. Louis ...... AZ
E4in., ST. p. '& Sanlt Ste NJ. LOG
Minn.. st. p. u Sault Ste NJ pfd1s5
Missouri Pacific ....s........... 10
Missouri, Kansas & Texas $3.50. 33s
missouri. Kansas &. Texas pfd. Gal
Tational Lead .,............... sos
National r. r. OF Mexico pfd.. 491
New York Central .....,...... ILL.,