Daily press. [volume] (Newport News, Va.) 1896-current, 1910-11-02
Stock Market is Scene OF
intense Dizziness.
ALL SAINTS DAY is FACTOR
Holiday Observed On Foreign Ex
changes Has Depressing Effect al
New York Trade centre-outeoms
of Elections Another Cause.

NEW YORK, Nov. 1.-The stock
market today reflected an almost to'ai
abandonment of the operations when
ave kept up an appearance OF ami
alton for some time and which have
I, attributed commonly 10 power
80 nriVate banking interests.
There was striking shrinkage In the
tai volume of the transactions and
lat which was most remarkable was
A. . heavy decline i'm the proportion
ol the dealings In United States Steel
to oven tnat diminished volume. Com
nared with share equal TO one-third
of the trade yesterday and for sew
eral DAYS last week, United states
Steel accounted for barely one-siXth
e' the dealings today. The attitude
yard the market on the part OF its
hackers seemed to be confined 10 pro
lection against bear attacks. sup
porting orders were encountered on
the morning decline and rally en-
sued. Fractional gains were retained
at the close, but the tone was irregil-
lar
factor In the intense dullness
and neglect of the dealings was the
holiday In foreign markets. the Lon
don and Paris stock exchanges being
both closed on account of All Saints
Day. according to custom. The de-
termination to await the outcome OF
thg election before further market
commitments also played part In the
restraint o, the speculation.
Cleveland. Cincinnati Chicago d
ST. Louis stock was made the object
of an unpleasant demonstration OF
the thinness of the. market and OF the
Indifference of the dealings. An order
TO execute single hundred share lot
Of this stock found the market bare
of bids above 81, although sales were
,rade yesterday at II and the bid at
the closing last night was 50. The
loo shares were sold therefor at 81
Within half an hour another 100
shares were bought at SO and there
were sales late at 70. The incident
was regarded as regrettabie as i'm
plying unreliable market conditions
and POI ition vulnerable TO artificial
influences. Carelessness in the execu-
ton of an order was claimed for the
cratic course of the stock rather than
any development bearing on value.
A rise In the price of copper in Lon
don. an increase in October exports
of the meal and decrease In the
European visible supply in the two
weeks to November LIST were ins ;ru-
mental in raising the price of the cop
per industrials. Published statements
by officials of copper companies al
leging favorable trade conditions also
had some influence. There was a
rise in The cali money rate to ~ per
cent; the highest for the fall season.
Tho progress of the November money
settlements was held responsible.
Tho aggressive advance in Canadian
Pacific to record price at 202s was
sustaining influence on the general
list Bonds were steady. Total sales.
par value, 1894 900. United States
bonds were unchanged on call. Total
sales for the day were 279.40o shares
including: Chesapeake a. Ohio. S.1Os;
Norfolk & Western. 4a0; Reading,
$1,000; Sioss-Shefield. 1000; South
ern Railway. 600; Union Pacific. 81.
900; United States Steel, $500: Vir
einia-Carolina Chemical. 1900.
Closing List.
'AlIis Chalmers pfd. .......- 81