The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-17
DAY IN WALL STREET
MARKET PROFESSIONAL THROUGH
OUT. WITH d DECIDED TEN
DENGY To sTAGNATIoN
losses !. !. 81, IN 2a izHvHs $:
Hear Raid Late in the Session Pulls
Ssef the whole esFoup Down t
~ FrepetF tp1'2 rs
Points.
Chasing

Wednes. Tues
Bar silver, New York &c.. ST. 5SB
CAN money. New York ..-...S-31s 9-S1s
NEW YORK, Oct. 1e.-Todav,s
stock market refieeteds ssu puzzled and a.
hesitatIng mood amongst Professional OPP
the market. There was a marked disi1f-
effnation to take ON long stock and so1na
timidity about making contracts on the
short side. Several special faeforss INN
ed the tide toMatS depression and net
losses were the rule, although they are
not important In the general list An
| erEanlzed bear campaign against ANAL
gamated Copper, which was aided py
much outlay of printers ink. Unsettled
the. ma rket 5searlyaains the session. The.
selling OF the stock was by Boston
muse, Inc price. Tell at one time 25s
! under yesterday and closed at a. net loss
I of 2 points The break in ArlaIea mated
copper interrupted an incipient rise in
Pennsy lyania and .,-itBs aI1fed stocks
sparndnpted,z by the sFepert of, the sale Of
S2e o6q, 0oe: eff bofdss by the eulsysa lfs- This
was held to- account for the large. sfl,yII'
llng Of stock yesterday. The effect of
cd e9edy ftio mnonncesaeht however, affords
vest erday s. Irehasesf although snaucf in
sterests was, shown, as to the. purpose to
which the pEpeeeas OF the boaadsewere APP
piled. As the purchases of stocks OF 9th
er railroads. So = "a F. as, .4fffeisj1I- az
llaeWIedged by tie Company, has been
provloeu for by the additional stock is
SUES II .NStS SllPPO&6d THAT the Bi1rphaSn
| of the control of the Cambria Steel COM
pa1ly was being provided for BulIish op-
orators spread reports that purchases of
/ Atehisonf We're IN contemplation aby thu.
pennsylvania. but there WAS no 6resDonse
/ IN the Specula tion.s The market showed
a tendency toward Stagnation during the
| afternoon until eag sharp raid against the
southW9 e late IN the day awakened
some degree|of activity at the expense of
values. Losses Of from 1 to 25s were made
Dy practically all Sthe members of the
group. Bear operators protested to de-
tect evidences of inside selling which was
attributed to the aeco1fTlt of the interasf
dominant in the group and supposed TO
be -promptedsby theE poor outlook for traf-
NJ on account ofqtlfs bad crops. The
pressing influenced Aattransfer through
the sub-treastIry TO-DAY of $3.50 600 adSIiz
tlonal to New Orleans adds to the ap-,
of cotton will cause large requirements
in that quarter. The transfers to New
Orleans thus far this season through the
stlptreasury amoui1tA1to only $4.07500
compared with s., 420 600 to this date last
year. Last year, a4ho viewer. the Galveston
refief measures We're responsible for a
part of the movement The renewed cur.
feacy movement, the Withdrawals bv the
| suDtreasury On ACCOUNT of the surplus
revenues and some special demand from.
BQ1Tal0 to meet a~grun< on a. trust com
paay$,t there. will alTSaffeet the cash show
ing or the banks this week. The question
is now eanvassed as to the effect on the
loan item of the purchase of Pennsyl-
wanna. company bonds, the soft coal con-
solidation which is in process of forma-
llell, ana the transfer of a great mercan-
tile-es establishment which NTassreported this
morning. The emphatic denials by Pres.
1dent Hill of last weeks rumors of trans
continental railroad consultations was
another chilling effect on the speculation,
Fhe market was Weak Until the room
traders took their profits by covering
their short contracts. Sales of Lake
Shore at 800, IA record price, was an Incl
falifeeld bands were less active than
Yesterday and were Irregular Total sales.
I par Value. S2,2s5 900. United States S.,
coupon, advanced r. per cent on the last