Daily press. [volume] (Newport News, Va.) 1896-current, 1909-01-07
SEVERE LIQUIDATION
Stock Market Feels Effect Of
Break In New York Central.
BEARS |AOulGE N FREE SELLING
Just as Recovery from Gas Slump Be-
gan to Assert Itself, Reaction Of
New York Central lnstiiIed New
Speculative Mis9ivines.
(By Associated Press.)

| NEW lORh, jan t.-IR ne S'oSh
mt rket had apparently dispos, G!
the dis: urL .ng effect OF the collapse
! in Consolidated Gas before the day =
Sos sion at tho Stock Exchange had
| roc,eded far.
! This factor had no more than lost
! It's iniiueE2t. when n irtp in New
York Central interviewed 10 give a
! fresh start to the nerves CT spctuia'
, tive holders OF stocks
The reaction in New York Central
was based, like that in Consolidated
! Gas on previous excessive spe'lla-
ton, although not carried 70 sch
Length as had been that in the gas
stock. nor was the news which Caus-
"a the 81 culators TO feel misgivins*
SO definite or abrupt as that offered
by the Supreme Court decision i'll the
gas case. The unfayOrable influence
on New York C%ntrars price emanat-
ed from the board room Of the dircc-
tors of he company where the &C
ton Of W. G. Brown, president Of the
"a lrCad was interpreted as be'ying
the superstition that E. H. Hartman
was to assume an active part in the
directory and place a man OF his own
choice over the system.
Severe liquidation was resumed
when The br ak in New York Central
occurred IT,. bears had sold freely
on account OF the collapse in Consol-
idated Gas and when that stock show
ed signs today Of having reached the
limits OF its drastic process CT liqG'.
dation. . large short interest remain
ed TO be covered. This was especial
" n. table In American Smelling ar.
the bucyant rise in that stock gave
assurance Of relief from one OF the
most serious CT recently disturbing
factors.
Tn money market continued to
work slsier. Bonds were irregular.
Total sales par value $6.l660"0. Unt-
ed States bonds were unchanged On
call
Total sales today l.449.1o0 shares.
including: Smelling. 1900: Sugar,
COO: Tobacco. 800: Atlantic Coast
Line. 500: Brooklyn Rapid Transit,
SO. 100: Chesapeake & Ohio. 1920:
Louisville & Nashville. 1900: New
York Central e5.100: Pennsylvania,
1850: Norfolk & Western. $500;
Reading. 1427o0: Southern Pacific,
41,500: Sloss-Sheffisld Id. 100: Union
Pacific, l33,20O: United States Steel.
63:C0: Southern Railway. 2.sG0:
StNthern Railway. pfd.. 100; Virgil
MIA arolina Chemical. 400.
Aimagated Copper ........... .o3
American Car & FounCrv... .. 4S2.
American Car & Foundry, ptd lo1l2
American Cotton Oil .......... ~
Anne r:can Hide & Leather Dfd.. 1914
American Ice Securities ........ 2l:S
American Linseed ............ 1874
American Locomotive ........ 564
American Locomotice pfd -. 40
American Smelling &Rel g.. S4:s
Amer. Smelling & Refg pfi.... 1031s
American Sugar Refining. 121
American Tobacco, pfd ...... 81
American Wooden ............ 29A
Anaconda Mining Co. .......... 49is
AtCa;son. Etd ................ lei
Atlantic Coast Line .......... loss
Baltimore & Ohio .......... 1l012
Baltimore & Obi pfd ........ s2E:
Brooklyn Rapid T. ansit .....-..1otz
Canadian Pacific 80. 80. los
Genital Leather ............... 81
Genital Leather ia .-....-... l9l
Central OF New Jersey $50
Che So 2eake L Ohio ......... .5N
Chicago Great Western .......- lo13
Chicago & Northwe Stern. 1Uls
Chicago. Milwaukee & st Paul IL"
G.. c.. c. & ST.. Louis ........... o.
Colo, ado Fuel 4 Iron ........ 4os
c. L.. ado 4 Southern .......... 33H
Colorado & Southern LIST pfd.. s2A
Colorado & Southern 2ud pid.. A%
Consolidated Gas . l26A
Corn Products .............. Is
p,,,awar. 4 Hudson .. l7SA
re,v.r f. Ri, Grap,,c ~ 37S
n,,xe- f. Rio Grand. MD 19E
,,;s,ine-.s S,curi,i.., . ;6L
III. 33H
Erie LIST ptd .................. "
Eric ord nd ssh
,:n,er,, Electric ~ i55iz
Goa. E--hc-n NJ. ii5
Coo, S,r;beru Ore crfs $500. .lk
Illinois Central -.............- ~"
IntcTborouch-Met ...........- ls1s
ELECTROMAGNETIC. pfd ......... ts@
information :! pap@:' ........... iZs
;r.crnational Paper pfd ....... s'ts
In;erp,tionaI Pump .... s9a
iowa CsnSlI ....... ........ )"
Kansa~<ry southern ......... Ss-
Eap<>S CITY Southern pf6. 49,. $50
Isxul. & NsghviIle .... iZ3Iz
IIza-. 81. p. 4 Saul; St NJ. -.
rrcspolis Z 81 Louis ....... %
Missouri Pacific ..... ....... ssA
IvgsSo'si. Kansas 4 Texas. az
Missouri Kansas & Texas 9f!. u
National Lead ................ 'eH.
New York CeEIral ........... Ia
New YORK. Ontario & Western ~
Norfoit n Western ........ NJ