The age-herald., 1901-10-29
BULLS ATTEMPT ID
 REVIVE SPIRITS Demand for Stocks Low and | Prices Sagging NORTHERN PACIFIC DROPS Clouds Gather Over the Settlement When Mir. Morgan Arrives at
 Ills Office and Nothing z4 Is Given Out.

New York, October 2S.-There was no very aggressive bull spirit manifest from the outside in today's stock market al- though there was support for special stocks from time to time and a rather halting attempt made to revive the spirit of the bulls by bidding up a group of .specialties about midday. The demand for stocks. however. was at a minimum and prices kept sagging to a lower level.
 The pressure was not severe through the greater part of the day, but gained force and in the last hour of the session became acute. The bears added their selling to the realizing and uncovered stop loss orders. The realizing was by recent speculative buyers evidently. as was shown by the conspicuous weakness of those stocks which have been under recent manipulation for the advance. The weakness became quite general at the last and the majority of active stocks fell point or more below Saturday.
 The fal lin Northwestern was 5,k; Della ware and Hudson, 4; St. Paul. Sss; Amal- gamated Copper, SIS; General Electric and Colorado Fuel, 3; Sugar, 21a; New . York Central, 3ss; Union Pacific, PA; Mis- souri Pacific. Northwestern preferred, B. & O., Tennessee Goal and Reading pre- ferred, 2
 2 The taking of bear profits by the room trades caused only feeble rallies and the closing was weak at about the low est. The hardening of the New York money market and prospect of gold ship ments to Paris this week prompted the speculative liquidation. But it was true also that Q spirit of doubt arose as to the recently current rumors which have been the basis for advancing prices.
 The clouds of uncertainty which have gathered again over the Northern Pacific settlement seemed to gather gloom in the speculative mind after MT. Morgan had arrived at his office and no Instantaneous statement of settlement was given out. { The weakness of copper was also an un- settling influence. The selling of this stock and of sugar was very heavy for Boston account.
 Call loans rose today to per cent, and the, assurance which was professed on Saturday over the increase in the cash reserves of the banks was dissipated and yielded to anxiety on account of the large loan expansion.
 Foreign exchange continued firm today, but no gold was engaged for export to Germany by tomorrow's steamers. In fact, the discount rate at Berlin eased off a fraction today and sterling exchange hardened, indicating a reaction of the pressure at that point. There was no rally, however. in sterling exchange at Paris, and it is generally expected that gold will go from New York to that point on Thursday in considerable vol : ume. Call money stiffened sharply in Lon don and open market discount rates rose well above the bank rate, indicating an early advance by the bank.
 . In the domestic money market a re- newed activity of money at western points was reported, and New York ship ments to New Orleans from here con 7 tlnued. The optimists urge that any con siderable rise in money rates here would divert funds to this center But the an- . alogy of the fall of 1899 and the outbreak of the Boer war is fresh in the minds of all when the call loan rate on the stock exchange advanced to 1s6 per cent without preventing the current export movement of gold. The daily surplus of the government revenue is also rapidly augmenting in the latter part of the month, making an additional drain on the money market
 The railroad bond market was inf1u- enced somewhat by the weakness in stocks. but changes were not important. Total sales. par value, $2,100,000.
 United States bonds were all unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy & Co.