The age-herald., 1901-08-28
PRICES OF STOCKS WERE ETOPPLEDOVER Mondays Feeling of Hesitation
 Continued in Full Sway BULL MOVEMENT STOPS Strenuous Efforts Were Made to Check the Reaction, Which Met With
 Slight Degree of Success.
 Closed Feverish.
BULL MOVEMENT STOPS

New York, August N.-Prices of stocks were toppled over today and the recent ly prevailing bull movement apparently came to an end. The hesitating tone which developed yesterday continued thls morning. After the. first recession In prices strenuous efforts were made to check the reaction. which met with degree of success. The character of the buying in St. Paul was a large influence in the temporary upturn of the market. Very large amounts of this stock were taken by brokers supposed to act for the group of financers which has been fore most in following projects for the com munity of interest in railroad ownership Operations towards supporting the mar ket were attributed to the most conspic- uous operator in the street, and the ap> parent ease with which they were con dueted. intimated the professional oper- ators of a smaller class, who were in> clined to take bearish view of the mar ket But when this latter class detected the diminution of the outside buying through commission houses and some -ev- idence of profit taking by the longs, they offered prices down boldly and by un- covering stop-loss orders, dislodged very heavy offerings under which the market broke badly.
 With the downward tendency estab- lished the traders gave a pessmistic twist to the current news, as Is their wont. There was, however, little news to account for the course of the market The inference was clearly justified that the buying and bidding up of stocks for two weeks past represented an experi- ment by stock market operators who hoped to attract a sufficient outside in> terest by this means to make an actlve bull speculation Yesterdays extremely moderate demand from outside sources chilled the expectation of the bulls, and what long lines had not been sold to real ize profits were forced to sale more UT gently today with further diminution in the outside demand.
 Naturally, the stocks which have been recently pulled the most were the weak est on the reaction, the Pacifics, Atch- ison, Amalgamated Copper N. x w. and the coalers suffering the widest declines. Yesterdays story of settlement of the steel strike was clearly shown this morn ing to have been put out to hold the market and the United States Steel stocks dropped with the rest of the mar ket and are 1A lower for the day. The rally in the corn market was also an in fluence and there was renewed selling from Western sources which have been covering in stocks during the period of reaction in corn. The most potent in- fluence in checking the speculation for the advance was the growing conviction , that requirements to move the crops must be met to a large extent by the ;, New York money market with the pros pect of a continued drain at the same time on account of United State treas ury operations There was no striking new development to emphasize this con- viction, but the fact recently at work to mend continued in force. The market had a substantial rally from Its break, caused by short covering, but the recov- cries were not held but the closing was feverish and irregular. with heavy un- dertone.
 The railroad bond market continued quite active but turned weak in sympa- thy with stocks. Central of Georgia is- sues were. strong on the declaration of the full interest on the first incomes, which rose 3A and the third income at 3%. Total sales, par value, $1,715,0O0. United States bonds were all unchanged on the last call.
 New York Stock Market.
 D., prtyata Wire in MurDhv & C0