The age-herald., 1901-10-01
SMALL TRADING IN
 STOCK MARKET No Very Urgent Selling Mani-
 fest at Any Period SPOT COPPER WAS A HELP The Dealings Were Less Than Half Million Shares, and the Late Hardening Movement Recov.
 cred Half the Decline.
SPOT COPPER WAS A HELP

New York September 30.-The small volume of trading today and the tendency of prices to retrace the earlier downward movement revealed the predominance of professional operations in the market. The dealings were less than half mii- lion shares and the late hardening move ment retrieved approximately one-haif Of the early decline. There was no very urgent selling manifest at any period of the day, although the bears succeeded in uncovering stop-loss orders In sugar and to a smflleS extent in Brooklyn Tran sit and Missouri Pacific. The first named stock fell an extreme 3as and the other two points. Declines reached points or over in a number of other leading stocks, notably among the Pacifics, Southwesterns and vanderbilts Declines of 9 to 4% points among the junior mem bers of the last named group gave em- phasis to the feeling of scepticism that has grown up regarding the much-explo- tied rumors of a plan for merging all the members of the group Amalgamated copper continued under some pressure but the declines were resisted. The tone of spot copper were something of help and 1t closed with moderate rise in frac- tions. Statements that working agree ments had been made for the continuance of Western Union wires along some rail- roads in which Pennsylvania owns an in- terest was paramount factor in that stock.
 The admission of an additional Stand ard oil representative in the St. Paul n1 of In r representation in the Union Pacific direc- tory and the alleged completion of nego- tiations between the Atchison and the Harrim an interests for the use of the Pacific Mail steamships by the Atchison were used to point to the same inference, namely. the safety of the community Of interest. Except for rise in Pacific Mail no effect was produced by these re- ports, the apprehension lowering over the market that the community of interest Is not really in concert with the financial powers, but only a balance of those powers. The October currency require- ment kept uneasiness alive regarding the money market future. seemingly with It, tie cause, as sterling exchange weakened today on account of gold deposited at Pacific coast points, $1944,774 and for government bond redemption, $1,250,000 The incoming French steamer also brought the $1,000,0 GOO gold which was en- gagged in Paris over a week ago. The fact that railroad earnings for the third week of September increased over the corre- spending week of last year only 446 per cent, pared with an increase for the second week of HIP per cent, were cited as evidence that the corn crop shortage was beginning to make an impression, and last weeks small grain receipts at Chicago formed an additional argument for the bears. The market closed firm At the rally caused by covering of shorts.
 Railroad bonds were dull and irregular. Total sales. par value, $1,6S0,00. United States 3's advanced M and the old As and the refunding 2s, 4 per cent. on the last call. The new fs declined A per cent
 New York Stock Market.
 By Private Wire to Murphy G Co.