The age-herald., 1901-09-28
HE REGULARS HAD THE STOCK MARKET Bears Bought Freely to Cover
 Their Short Lines COPPER STEADIES SOME A Very Large Number of Obscure Stocks Were Benefited on the
 Day and Closed From to
 ' Points Higher.

New York, September H.-Professionai operators in stocks had the market pre'- ty much to themselves today put 'hes found various matters of encouragement. The diseoura gem ent of the bears with all the bad news in sight disposed or was correspondingly great and their buying to cover their shorts was an important influence The uncertain fluctuations or the copper stocks in the early dealings kept the market unsettled, but the pressure of liquidation in them, as well as elsewhere in the market, was materf- ally nghtened and they shared in the late general improvement of the market. A sharp rally in the price of spot copper in London had an important bearing not only on the status of these stocks in the speculative market, but on the copper trade outlook. It was reported that the Amalgamated Copper Company was sup porting the spot copper market in Lon don. Whatever the cause of the rally, yesterdays contention that copper could be imported at profit was disposed of and the fear that the Amalgamated Com pany would have to cut the price of its product was less acute The stock sold ex-diyidend and more than recovered 1t, but closed with a net gain of only IA. The recent notable buying of the Wander bilts was resum ed, the conviction grow ing that an early plan of merger would be announced. New York Central rose 3B and the junior Vanderbilt group some l to 51a. In the liberal speculative mood Delaware and Hudson, Buffalo, Rochester and Pittsburg and probably some Of the more obscure railroad stocks that moved during the day were embraced In the plan by the faith of operators.
 A very large number of inconspicuous stocks were made active at advances all the way from 1 to 7h. Among those in this category were the Minneapolis, St. Paul and Sault Ste Marie stocks, the Duluth, South 5hore ana Atlantic stocks, the Keokuk and Des Moines stocks, Des Moines and Fort Dodge the Illinois Gen. trial stocks, Evansville and Terre Haute, Minneapolis and St. Louis, the Toledo, St. Louis and Western stocks ana Kanawha and Michigan. The coalers and trunk lines responded early to the influence of the Vanderbilt movement and the leading specialties, including the various steel stocks and the local trac- tions showed evidence O. strength, but it was not until late in the day that the recent leaders of the market among the Changers, Pacifics and South Westerns moved strongly upward. The level of prices on the day shows an average ad- vance of near point. The promise of a favorable bank statement helped the late strength of the market The move ment of currency to the interior is nearly $sJ0000 less than last week while the re- ceipts by the banks are almost as much greater. The sub-treasury has contr4ou- ted to the money market $3293,o0O, not withstanding deposits with that institu- tion for transfer to the interior of over one million donars.
 Bankers generally expect a large loan contraction as a result of the week S liquidation in stocks, promising notable recuperation of the surplus reserves.
 There was a good demand for railroad bonds which were slightly irregular To- tai sales par value $2,255, 900. United States bonds were all unchanged on the last call
 New York Stock Market.
 By Private Wire to Murphy Co.