Daily press. [volume] (Newport News, Va.) 1896-current, 1908-12-09
Many Brokers Already Knew
Presidents Message by Heart.
LOSS SCORED BY WESTERN UNION
Weakness of Telegraph Stock Partly
Due to Recommendation to Congress
troll Of Interstate Commission.
(By Associated Press.)


ing volume Of business and the mar
rowing range OF the price fluctuations
are evidence of the growing profess
sionaliSm of the sock market. An
o; her indication OF the same stat"
Itf affairs i the short duration OF
price movement in one direction.
Tn" professionals moved prices with
dfiiculty and are satisfied 10 tax"
small profit. In less representa-
i've class of stocks, however. OF small
capitalization and controlling business
OF NOR" restricted scope, there con-
| .inuel to be striking movements. Of
ten without any development in eN
PLANTATION beyond the direction Of pool
holders Ct blocks OF the stock TO e%-
, tablsh higher quotations The pres
entation of the Presidents annual
message to Congress being the prlnci-
pal event of the day was seized upon
for attempted use as a motive force
for a price movement.
Stocks were bid up on he asSump-
tic, that the effect Of the recommcn-
da,ions Ct the message would be Ia
vorable to values. The substanc"
OF the message was accurately known
before hand in many brokers offices.
| In view OF the extent of the reiteTa-
ton of views in the message in many
! instances covered by citations of the
I precedents, il was not surprising that
lack of material for new speculation
| was TO be found. The recommends
ton to place telegraph and telephone
companies under The jurisdiction OF
| the interstate commerce commission
' caused the weakness i'll Western Tn
ion, although loss by fire and cX-
pressed doubts over recent reports OF
an intention 10 advance the dividend
rate had an influence on that stock.
! lis movemen, was in direct con,
trast to other So-callcd Gould stocks.
but which were classed for maTke'
purposes today with the HarrimanS
on the assumption o: increased Ha:-
r.man influence in the group, by rea-
son OF financial aid extended Harr.-
man stocks were the sustaining fea-
ture of The market and Erie was in
cluded in the group in the same man
| ner as was the Gould group.
Bonds were firm Total sales. par
value S5,310000 United States fours
advanced y per cent. on call.
Total sales today, 677.601 shares,
including: Sugar 400; Tobacco 900;
Atlantic Coast Line 400; c. 4 o..
6. 400: Consolidated Gas 81, 100: Louis
Vile & Nashville 1900: Norfolk &
Western 300: Reading $500: South
, ern Railway $500 do; pfd 400: Union
Pacific 1l4S0D: United Sta.es Stee!
~ 800: Virginia Carolina Chemical 90
Amalgamaied Copper 49,. 49,. 1914
American Car & Foundry $50. i6i:
American Car & Foundry. pfd 1851
American Cotton Oil ....... 4. L
American Hide & Leather. pfd 3ila
American Ice Securities 1890. 2)';
American Linseed 49,. . l5ls
American Locomotive 80. 49,. 5ola
American Locomotive, pfd 80. 100
American Smelling & Refng =. 9oA
Amer. Smelling & Ref ng. pfi 100
! American Sugar Refining ..... 49,
| American Tobacco. pfd ...... 81
American Wooden ..... 3iE
Anaconda Mining Co. ...... 49h
! Atchison 9SA
| Atchison DID . 1919
Atlantic Coast Line . 10
Baltimore & Ohio .... 1882
| Baltimore 4 Ohio. pfd .... 3lh
! BROOKLYN Randi Transit ... a5Hs
Canadian Pacific 49,. ..... IL
! Central Leather $500. .... 29s
Central Leather pfJ " 16li3
! Central of New Jersey ...... IL
Chesapeake & Ohio ...... 33'i
Chicago Great Western 1890. Tx
| Chicago & North Western $50. 173E
Chicago. Mil 4 ST. Pau! 1890. 1905
c.. c.. c. & ST. Louis ........ 6nk
/ Colorado Fuel 4 Iron ... 4o's
Colorado & Southern 1890. a!ss
Colorado & Southern LIST pfd TN
Colorado & Southern. end pfd 69;s
/ Consolidated Gas ... -. 1888.
Corn Products . ISIS
Delaware e. Hudson 1890. 1864
| Denver & Rio Grande ... "112
Denver & Ro G-anie. pfd E. s2*I
! DiStiIiers' Securities 49,. 49,. 3asl
Erie ....... 35L
Erie 1st MD .:..... iaEi
Erie. End pfd -. 1890. ..... 4"%s
General Electric 80. ........ i"Sis
Great Northern. pfd ........ 1859
Cre,, Northern Ore CTS . a.
Illinois Central $500. 1890. 49,. l''
r,,c-I,c-nuCb Not ~