The morning journal-courier., 1908-06-23
WALL STREET NOTES Westinghouse Electric the Only Firm Feature During En-
 tire Day.
ROCK ISLAND DOWN AND UP
St. Louis and San Francisco ExperI- enccs Sharp Decllne-Extra Hol-
 iday in Prospect.

fnst pIlNest UI SloCkS were put slightly changed from Saturday. Amalgamated Copper was firm, but the Rock Island Issues were heavy and they continued to sag off, exert ing a very unfavorable impression on the remainder of the list Soon the entire list declined quite sharply, and it continued reactionary up to ea' ly in the afternoon, when Rock Island stocks and bonds were at the west up to that time. Union Pacific was under considerable pressure. as was Reading. The only firm feature dur ing the first half of the day was Westinghouse Electric. which exper- fenced a 5-p lint rise. but later lost part of 1t. Stocks continued weak all the afternoon. reaching lowest prices at the last hour. Union Pacific. s.. Paul and other so-called Standard oil issues were, features of weakness. tending to produce the impression that they were out of stocks and were willing to see them go lower. Rumors were current that they were trying to pay off some scores against certain interests identified with the Rock Is land system. but this was pure guess. Rock Island rallied little late in the day on assurances that the company Is in easy circumstances and that no trouble Is impending Sales of 'Fris- co securities were very light. which seemed to belle the notion that trouble is in store in connection with that company.
 The per cent. series R bonds of the Chesapeake and Ohio Railroad company, maturing July 1. will be paid at the office of ]. P. Morgan & Co. on and after that date with two months interest thereon.
 Attention was directed 10 St Louis and San Francisco affairs by the sharp decline In It's stocks. The first preferred sold down 4 3-4 points to 30. by carly in the afternoon. and second preferred 1 7-S to 26 7-6. The quarterly dividend on s5.000,000 of the first preferred. amounting to $50 900, is due July | The dividend on the $16.o00,000 second preferred Is not due until August 1. These divi- dends are non cumulative. The chief point Is what the company will dc about some of It's interest payments of which some sl.660,000 is said to bt due about July |
 London was not factor in this market, total operations being prob ably less than 11,0o0 shares. about equally divided American stocki showed firmness In London before the local opening
 It was learned yesterday that O the s13,0oo0o0 of New York Centra and Hudson River Railroad com pany's thirty year per cent deben ture bonds put out by J. P Morgan Ss Co. only sS,0000oo were taken
 It Is probable that an earnest effor will be made to secure an extra holi day on the stock exchange over thu {. Fourth of July by asking the gover nors 10 close the exchange on Friday July 8, as well as on the Fourth, thu glN1ng Q nolldaS rom me close business on Thursday, July 2, to Mon day morning July 6. The reason fo asking for the general holiday Is tn general dullness and the improbabillt that there will be any revival unti after the democratic convention which begins on the 6th of July, an' also the fact that all the commodit exchanges will probably be- closed ol the third The coffee and cotton ex changes have already voted to clos on that day