The San Francisco call., 1901-10-01

of the trading to-day and the tendency of
prices to retrdce the earlier downward move
ment revealed the performance Of professional
operations in the market. The dealings were
less than half a million shares and the late
hardening movement retrieved approximately
one-haf of the early decline. There was mo
very urgent selling manifest at any point of
the day. although the bears succeeded in un-
covering stop-Ioss orders in Sugar and TO a
smaller extent in Brooklyn Transit and Mis-
souri, Pacific. The first named stock fell ex-
treme SIS and the other two 3 points. Declines
reached points over in a number of other
leading stocks notably among the Pacitcs,
Southwesterns and VanderbiIts Declines of
to IA among the Junior members of the last
named group gave emphasis TO the feeling
of skepticism that has grown up regarding
ing all the members OF the group. Amalga-
mated Copper continued under some pressure,
but the declines Were resisted. The firm tone
OF the spot copper market in London helped the
stock and it closed with a net loss of rs. As
seruons We're made in demonstrative way
that the United States Steel stocks were to be
advanced this week on the ground of the decla-
ration to be made tomorrow of the regular
dlVldends on the common and the preferred
stocks and on the presentation of detailed
statement Of the finances of the company at
to-morrow's meeting, but these intimations did
ors persisting in distrust of industrial stocks
after the recent experience in Amalgamated
Statements that working agreements had
been made for the continuance of Western
pennsylvania owns an interest were offered as
dlsapproving apprehension of hostilities be-
NMSSL lu6 EeuuSSlNdIQd ana the Gould inter-
ests- The admission of additional Standard
Oh representative in the st. Paul directory led
70 prophecies OF a similar representation on the
Union Pacific directory and the alleged com
pletIon of negotiations between the Atchison
and the Hartman interests for the use of the
PacIhc Mail steamships by the Atchison were
used to point the same inference namely: the
safety of the community of interest Except
Tor a rise in Pacific Mail no effect was pro-
duced by these reports. the apprehension how
ering over the market that community of in
terest Is not IN reality in concert with the finan-
] . ho oft
ers. The October currency requirement kept
uneaslness alive regarding the money market
future, seemingly with little cause as Sterling
Exchange weakened to-day and New York F%X-
change hardened at Chicago The sub-treasurv
paid out to-day on account of gold deposited al
Pacihc Coast points 81 944, ia and for Govern
ing French steamer also brought the 81 900 001
IN gold which was engaged in Paris over a
! week ago. The fact that railroad earnings for
the third week in September increased over the
corresponding week of last year 4 46 per cent
compared with an increase for the second week
OF Il Y per cent was cited as evidence that
th9 corn crop shortage was beginning to make
an impression. and last week s small grain re-
celpts at Chicago formed an additional argu-
ment for the bears e
The market closed firm
Railroad bonds were dull and irregular To-
tai sales 81, $50 OO0
United States 3s advanced Il per cent and
the old As and the refundfng 2s II per cent
cent. - Pc