Daily press. [volume] (Newport News, Va.) 1896-current, 1908-11-24
SWIFT PACE THREATENED PERIL
Stock Spectators Realize That AS
sembt;ng of Congress and State
legislatures may Bring Forces In
TO Action That Will Chill Market.


is the only daily total below million
, shares that has occurred Tor Il luI'
( day in the recent active p"ri%d. III
the larger financial circl" of IN" wan
street section Their" is an aNow""
! satisfaction with tn" slowing Gown
OF a speculative rac" which II was
feared would PROV" p"t1l"us an" IN
vOly. ull"ri"r circumstances tha'
! would be de- rimrntal TO the CONNER
cial progress in III" country. Iher"
| is realization that the assembling
Of Congress- and the state legislatures
may bring some forces into ACTON
that will chill speculative enthusiasm.
| |, is supposed that this may follow
the too oxubcrant views that sp"cu'
| tutors have prOfrsSed of tn" extent
| to which anli-cOrporati5n sentiment
| IT, the country has been app"as"d. IN"
| taking up of the tariff Sch"uui"$ III
tn" practical work of revision OF
rates Of duty must be taken account
of. FIR SON" disturbing effect wticN
N" spT"Ilat: has been inclined 10
! lgnOrr Tor a time. The stock market
showed some tendency towards an up
| ward reaction from the sharp fail.
which was in fore" ut the close OF
! la week There was quite Vnlume
| Of selling orders in the :liIT-."i at rhc
opcninw as the after effect of last
weeks fall and this made the open
| ing prices lower. A. the lower level
| the professional traders on the f2or
were disposed to work ,or recovery
on the ground that the fall had reach
ed such extent As to invite rebolinu.
| The wipiMg out of weak accounts on
the long side and the building mp OF
a shOr, interest in the course of IN"
decline have improved the technical
condition of the market. On the re
!c1ycrv there was a marked dwiEdlin%
| of the demand Which served as no.
! tiCp of the reluctance as Yet 10 re-
new the purchase of stocks on large
| scale. An important part Of the sell
ing was for foreign accounts. and this
, was of such effect en- the foreign cX'
change market as to keep alive the
discussion of possible gold exports.
Rates kept rear TO the gold export
rg.nt to Paris. ne rise in Sterling eN-
chang. there being met by strength
here.
( In London and Paris discounts har-
dened while time money rates were
lower here. Demands for loans de-
creaSing supplies Offering showed
! some accumulation. Paris again TOOK
gold in I.ond at an advance in the
price. The large demand and good
price for the offering of New York
CITY 4 per cent. corporation stock was
Significant of the appetite CT capital
for high class frvestmeHt and the 4
! II per cent bonds sold last year rose
above any previous price they have
| commanded.
Bonds were irregular. Total sales
par value $5H57 G0n. United States
bonds were unchanged on call. Total
sales today were 732.4"o shares. in
gliding: American Smelling 29.5Oo:
Chicago. Milwaukee & st. Paul. 22,
100: Reading. 92.7Wo; Southern. Paci
fic. 4l.20O: Union Pacific. 113.6eo;
Atlantic Coast Line, 300: Chesapeake
& Ohio, 900; Louisville * Nashville
400: Norfolk & Western. 100: South
fern Railway. 1900: Southern Railway
Ipfd.. LOO; Tennessee Copper. 900;
Virc! mia Carolina Chemical. 300
Virginia Carolina Chemical. pfd.. 100.
Am,lcamatea Conner S2S
American Car & Foundry ..... f'%i
American Car & Foundry. pfd 1917
i.ucrican Cotton Oil 49,. :9i!
!Amcrican Hide & Leather, pfd z:
American Ice Securities .... 70
American Linseed ...... H.
American Locomotive go. 5tL
iAmeriCan Locomotive. nfd 49,. loS
iAmeriCan Smelling 4 Refng 92a
tAmt-. Smelling & Refng. pfd 1861
American Sugar Refining 49,. l;2z
American Tobacco, pfd 1890. '2i'
American Wocien 80. ...... 2?R
Anaconda Mining Co. ........ S"
Atcbisop 80
Atchison. pfd $780,. 80. 1890. "
Atlantic Coast Line ....... US
p,I,;more e. Ohio 1888
Baltimore & Ohio. pfi 49,. :. 9"t
BROOKLYN Rapid Transit 81
, Canadian Pacific I75
Central Leather go. ..... H1
, iCc,,r,I Leather MD ?9l
Central Of New Jersey ... go
Chesapeake & Ohio 49,. ...... al
Chicago Great Western ...... IL
! Chicago & North Western 1928
! Chicago. Nil. & 81. Paul 80. 1857
&c. C. G. & St Louis ...... 81
Colorado Fuel & Iron ..... "a
Colorado & Southern .... 4sI
Colorado & Southern, LIST pfd 80
Colorado & Southern. 2nd pfd 81
Consolidated Gas go. .......- d.
Corn Products 49,. &C.. ...-.. us
Delaware & Hudson 80. ...... 1'e
Drnver e. Rio Grande 49,. go. III
Denver & Rio Grande. p:d .. 20
mstiI,crs' Securities =. go. 81,
t Eric w . ... .... ~
Erie il. MD " ,. ,... ~