The age-herald., 1901-10-17
STOCK MARKET IS
 IN PUZZLED MOOD
DiSilncIination for Long Stock, :. Shorts are Tlmld
BEARS ATTACKING COPPER
Ramored That Pennsylvania Has Sold
 s2o,ooo.ooo of eonds-The Money .j. Question Continues Somewhat I Disturbing Element.

New York, October 16.-Todays market reflected a puzzled and hesitating mood amongst the professional operators who again made up the bulk of the market. There was a marked disinclination to take on long stock and some timidity about making contracts the short side. Sev- eral special factors turned the tide toward depression and net losses were small and not important. IA general bear campaign against Amalgamated Copper, which was aided by much outlay of printers ink, unsettled the market early in the session. The selling of the stock was by Boston houses. The price fell at one time 2M under yesterday and closed at a net loss of 3 points.
 The break in An1algamated Copper in- terrupted the incipient rise in Pennsyl. vanla and its allied stocks prompted by the report of the sale of $2O,0O0 900 of bonds by the company This was held to &C., count for the large buying of stock yes- terday. The effect of tod4y's announce ment, however, afforded little opportunity for profit-taking on yesterdays purchases although much interest was shown as to the purpose to which the proceeds of the bonds would be applied. As the purchases of stocks of other railroads so far as officially acknowledged by those com panies which have been provided for by tn. additional stock issues, it was sup , posed that the purchase of control of the Cambria Steel Company was being pro vided for.
 Bullish operators spread reports that 2 purchasers of Atchison were in contem-
 
 response in the speculation. The market showed a tendency toward stagnation ' during the afternoon until sharp raid against the Southwesterns later in the day awakened some degree of activity at : the expense of values. Losses of from 1 to 25s were made by practically all the members of the group.
 The money question continues a some what depressing influence. A transfer through the sub-treasury today of $780, 900 additional to New Orleans adds to the appreh sl,son that the belated movement s of cotton will cause large requirements in that quarter. The transfers to New Or leans thus Gar this season through the sub-treasury amount to only $4075,000 compared with $7, 420.000 to this date last year. Last year, however, the Galveston relief measures were responsible for a part of the movement. The renewed currency movement, the withdrawals by the sub-treasury on account of the sur ( plus revenues and some special demand from Buffalo to meet a run on a trust company there, will affect the cash show ing of the banks this week. F
 The question is now canvassed as to the effect on the loan item of the purchase of Pennsylvania Company bonds, the soft coal consolidation which is in process of formation and the transfer of a great mercantile establishment which was re- ported this morning. The emphatic de- nials by President Hill of last week s rumors of transcontinental railroad con solicitations was another depressing effect on 4 the speculation. The market was weak until the room traders took their profits by covering their short contracts. Sales of Lake Shore at 300. record price, was an incident.
 Railroad bonds were less active than yesterday and were irregular.
 Total-sales par value $3, 2S5,000.
 9' United States coupon advanced 71 per cent on the last call.
 New York Stock Market. By Private Wire to Murphy 6 Co.