Daily press. [volume] (Newport News, Va.) 1896-current, 1909-04-30
Movement Of Prices Was Hsstsuag
and Irregular Yesterday.
OPERATIONS CROWNS CAUTIOUS
Believe Principal Favorable FACTORS
Ia speculative situseion Already
Have Been Observation-Disclosures
Railway Showed Early Strength.
Ia Associated Press.l

(B Associated Press.)
NEW YORK, April 29.-The over
flowing speculative confidence which
made itself SO strongly felt in the
stock market yesterday had sensibly
subsidized today. The movement OF
prices was hating and irregular. and
the demand showed no disposition to
fonow prices upwards. The efforts OF
yesterdays buyers to realize their
profits found so inconsiderable q de.
mand that prices gave way before the
attempt.
The causes for the halt in the up-
ward movement lay for the most part
with the speculative operations OF the
hahitual operators OF a strong class.
The difficulty Of distributing stocks
at the level to which prices have at
tanned and the belief that favorable
factors in the situation have been
fairly discounted induced caution on
the part OF these operators.
The heavy tone OF the market was
partly corrected for time by the
aggressive movement upwards In
Reading, but the lack Of sequence to
this movement left the former i'm
preston stronger than before. A
point of positive strength Of consid,
cradle sympathetic effect In the early
dealings was found in the Southern
Railway securities led by the COM
pany's development four per cent.
bonds. First offered by the COM
pany's bankers at 70. with a later
advance in the offering price to 80.
these bonds today sold as high as
S2 -. Announcement was made Of
the dissolution Of the syndicate which
underworld the Southern Pacific con-
vertibles at %. but p small portion
having been subscribed for by stock
holders and the operation having
been closed without call on syndi-
cate subscribers.
Arrange ments for the May pay
ments did not lift the call money rate
above two per cent. and time money
was renorted also easier
Bonds were firm. total sales par
value $6,430.0O0. United States bonds
were unchanged on call.
Total sales today 713,700 shares. in
Gliding: Sugar, 600: Tobacco. 100;
Atlantic Coast Line, 500; Chesapeake
and Ohio. $500: Louisville and Nash
vile, 500; Norfolk and Western. 600:
Reading, 161 ,0OO:, Sloss-Shefield. 500:
Southern Railway. $500; Southern
Railway preperred. 5000; United
States Steel. 62.6OO: Virginia Caro-
lima Chemical, 1000.
Amalgamated Copper ........... 76A
American Car & Foundry ....... 81
American Car & Foundry. pfd .112A
American Cotton Oil ......-... 57x
American Hide & Leather. pfd :. 40
American Ice Securities -. ..,.. 39&
American Linseed ..... ....... 15M
American Locomotive .......... Sc
American Locomotive. I'D .t... .114h
American Smelling & Ref'ng -. SO
Amer. Smelling & Refng. pfd los
American Sugar Refining ..1S3"s
American Tobacco. pfd ........ s6h
American Wooden ...... ....,.. iiH
Anaconda Mining Co. ......... IS
Atchison -. $500. lO?1S
Atchison, pfd ....... ........iDs&
Baltimore 4 Ohio ..>..... .....114Ss
Baltimore & Ohio. pfd ........ sals
BRO, ,vn Rapid Transit 80. III.
Canadian Pacific ..,...... ..1?7H
Central Leather ...... ...... 3SA
Central Leather. pfd ....... !. 101 -
Central Of New Jersey -. 80. .270
Chesapeake & Ohio 5000. ..... 75h
Chicago Greaa Western ....... ~
Chicago 4 North Western .17S
Chicago. Mil. 4 St. Paul 800. 1875
C.. c., c. & st. Louis =. %
Colorado Fuel & Iron 80. ..... SSk
| Colorado Z Southern -. ....... SSH
Colorado Z Southern, 1st pfd 81
Colorado q Southern, Ind pfd :. TN
Consolidated Gas ..... ...... 137
Corn PUducts .....:.. ..... 2zh
Delaware 4 Hudson ..... 49,. 1914
Denver 4 Rio Grande ...... 5lA
Denver 4 Rio Grande. pfd ..... y0h
Dextillers' Securities ..... ..... 37%
Erie ...-...... :. 80. ...... 31k
Erie. LIST pfd ....... .... an
Erie, 2nd Pfd ..... ...... -
General Electric .. .... .157k
Great Northern. psd ....... .I43h
Great Northern Ore Cts ....... ssh
Illinois GENIAL .... .!aS
Inferborouen- Met $3.50. ....... 1Sk
lnterboroueh-M ef. I'D ..... 80. 45S
International Paper ...- ....- I2k
International Paper. pfd ..... S4h
InternSsi onl Pump ...... ..... ys%
Iowa Central ...... ......... 32n
Kansas City Southern ...... -. 4sk
Kansas CITY Southern, pfd ..... 72H
Louisville q Nashville ....... .I3sh
Minneapolis q 81. Louis ...... ssk
Nina Qs D q cAul St NJ 80