Daily press. [volume] (Newport News, Va.) 1896-current, 1908-01-28
BIG BOOM IN dCKs
Wall Street Responds 10 (P1Iul
News and List Goss
very BRISK RISE u 1HEFEs
Banking Situation in New YofH
to be Much Clearer and stA
Heavy Redemption in Note
Sales and Closing Quotation

NEW YORK, Jan. 26.--PrlN'e
briskly in today's stock maEn
face OF several happenings Tire
been dreaded by the spccula A.
mcnt for some time, thus preHs
one OF the apparent contraRS
which confuse observation of THIS |
of speculative markets. The n |
lation Of the rumors that havE |
current regarding the bankingE
tion into the official announc@
concerning the banks of North 4 \
ca following feeling of reltH
the whole situation was felt TO al
tered. Another influence In stiNl
ching confidence in the tankinM
alton as whole Is the prospech
nv next week the condition II
trust companies and state baiA
New York will be the subjeota
weekly statement to the state bad
department and thus remove ohS
all the obscurlty and uncerq,
which have surrounded the actN'
nanclal position in New York.
The flood of cash which u 4
flowing into New York will alsoH
tate the establishment OF the re N
OF trust companies which are CD
plating bringing the institutionif'
line with the general banking req
ments. Today's statement OF u
States treasury operations showd
posts in national banks reduce
S243.126.325, the reduction of the
imum amount of the deposits afteI
panic having reached Sl6,S6l
These two movements tend to tan
the slack In the money supplies
to avert an outward movement OF
The heavy redemption OF bank
operates in the same direction.
eign exchange rates here cont
to advance today, nevertheless
bankers looked for some outside !
ment OF gold which is likely to
strlcted by the limiting forces r.
ed to-. The advice In Northern
fic was an important sustainin
,luence and assertions of an
disbursement on that stock wer
yived. There was vigorous rel
in American Smelling from its +
acute. depression. Professional
taking in the latter part OF th'
greatly reduced the extreme gain
the closing tone was heavy.
The bond market made NOR
phatic response TO the growing
dance of loanable funds than ma
been apparent in department in
A Fair1,- hnuVnnt
sales par value s6,15s.o00. I
States Is declined is per Ger
call. Total sales today 635,oO0
including: Copper 47,400; SIN
ga. 200; pfd. 600; Tobacco LOO;
$500; A. C. l.. 800; c. & 0. a
. & N. 200; Reading 167,sov; U.
300; v. C. C. 200; N. P. $1,000.
Adams Express ......-...,...
Amalgamated Copper .......
American Car C Foundry -...
ASsAmcrican Cotton Oil ....''...
do pfd ...............'
American Express ...''...''..
American Hide & Leather pfd
American Ice OBSERVATION-DISCLOSURES
American Linseed Oil ..'...'..
d2 pfd ...-........''...''''
American Locomotive ......r
do pfd .....'....
American Smelling G. Refining
do pfd ........''.,'...'
American Sugar Rening 1900
American Tobacco, pfd., ce'tif
4 Anaconda Mining .....r.....
d Atchison
4 do DID
i Atlantic Coast Line .........
q Baltimore & Ohio .'.........
! do pfd
4 Brooklyn Rapid Transit 49,.
"A Canadian Pacific .......,....
a Central OF New Jersey .....,
Il Chesapeake & Ohio ..........
"a Chicago Great Western .....
y Chicago & Northwestern 49,.
81 Chicago. Milwaukee e. st. Pa,
"a Chicago Terminal 6 Transit .
81 do pfd ................'.
81 Chicago. C. C. & st. Louis :.
"a Colorado Fuel & Iron ........
"A Colorado e. Southern .......'
do LIST pfd .................
IA do I'd pfd ............,....'
Consolidatod Gas .....-....,..
Corn Products -.....s.......
81 do pfd ..........
Delaware & Hudson .......