Daily press. [volume] (Newport News, Va.) 1896-current, 1908-11-21
Supporting Tactics Abandoned and
Market Left 10 Ilse|t.
STRONG tone ACCOMPANIED CLOSE
Fierce Onslaught on the Shorts Came
at the last--Apprehension In
Tarif:-Fears Ct Drastic Action.


NEW YORK, NOV. 2n.--Th" rac-
,ionary forces which have been
gathering strength in The stock
market for several days issued in a
sharp fall of prices today. Th" IL, =
cln" gained such broadway as ! lead
to strong upward reaction in N"
latter part Of III" DAY on The a-Sump-
lion that weak accOunis had been
cleared away. To-Day the support
Ing tactics were almost abandoned
ana III marktr was l"fj TO take care
e itself until III. fierce onslaugil, on
III" shorts at the las'. The decline,
ono" in force the existence {: num-
flOuS weekly maraiuri accounts was
by III" fail in prices The bear
party in the speculation which mas
been on n" quiesc"nt for weeks
pl"ck"u up courage in view of III"
manifest Il t"rinra:iOn in til" market
and pushed their AGGRESSIVE" attack
finding 10 supporting orders 10 on-
PCS" them. Such rallyiMe power as
III" market had seemed to CONE tr@m
the demand from this element 20
cover shorts and take their profits.
The fact of the reaction in stot ks
directed a;tcntion TO some circum-
stances which We're ignored during
the advance. Fer instance lh"r"
was increased apprehension over tn"
efforts of the movemrn, 20 r"Vis" tn"
tariff. Advic"5 Of political Develop
u..nts were regarded as indicating
MOI" Drastic action in This dire elton
than has been supposed likely. IN"
great attention cNert"d by the cross
examination Of John d. Rockefeller
in the government suit for diSSo!u-
ton of the Standard Oil Company was
characterized as an cminous force
OF the anti-corporation feeling.
Some nneasiress was exp rience"
over the pad condition of the winter
wheat crop Time money was cali
ed scft in tone and the kncwn move
ments of money promised a substan-
tial cash gain for the banks for IN"
week. Foreign exchang" made a
sharp advance and h" foreign p0lin-
cal situation continued unsettled.
TIE strong tone at th@ clos" OF the
.iav was caused by the retreat Of III"
shorts who feared that they had bc"1
led into trap by the bull element
helping the appearance Of weakness
in the market.
Bonds were irregular. Total sales.
par value. s4.444.0o0. United States
honis were unchanged on call. Total
sales TODAY. 1,2f9.jo0 shares. includ-
ing: Copper $500: Smelling $500:
Sugar 2.S0n: Tobacco 400: Atlantic
Coast Line 500: Chesapeake & Ohio
"a s.. Paul 44.90o: Consolidated
Gas ?2.9Oo: Louisville & Nashville
300: Norfolk & Western 1000:
Northern Pacific 42,40o; Reading 14l.-
400: Southern Pacific $500: S!oss
Sheffield Steel & Iron 400: Southern
Railway $500: do pfd. 1000: Tonnes
see Copper 1O.400: Union Pacific l+S.-
500: United States Steel 195,3m: Viz
GINA Carolina Chemical 300: 10
pfd 100
Amalgamared Copper 49,. 81
American Car 4 Foundry ls's
American Car & Foundry. ptd lH6 Il
American Cotton OIL 36la
American Hide & Leather. pa ~
American Ice Securities .-.. :"
American Linseed ... 10
=
American I-OcOmC:1v" ......' ~ =
American Locomotive. pfd 49,. ltS
American Smelling & Refng "i|.
Amer. Smelling 4 Rel ng. pid i""'3
American Sugar Refining 49,. l3I~t
American Tobacco. pId .....- - =
,,or;o.n wo,1cn w 29as
Anaconda Mining Co. ......:- l'a