The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-01
SMALL STOCK DEALINGS
PROFESSIONAL OPERATIONS APPAR-
ENT IN NEW YORK.
stock Selling Was slow All Day
Sugar and Other stocks OF Two
Points or MOre-QuOtatiOns.

NEW YORK, Sept. 3O.-The small volume
of the trading to-day and the tendency Of
prices TO retrace the earlier downward
movement, revealed the p-redominancC of
professional operations in the market. The
dealings were less than a half-miIlion
shares. and the late hardening movement
retrieved approximately one-half of the
early decline. There was no very urgent
selling manifest at any period of the day,
although the bears succeeded in uncover
ing stop-loss orders in Sugar, and to a
smaller extent in Brooklyn Transit and
Missouri Pacific. The first named stock
fell an extreme 3% and the other two 3
points. The declines reached 2 points or
over in a number Of other prominent
stocks, notably among the Pacifcs. South
westerns and Vanderbilts. Declines of 2
to ga among the junior member of the
last-named group gave emphasis to the
feeling of skepticism that has grown up re-
garding the much-exploited rumors of a
plan for merging all the members of the
group.
Amalgamated Copper continued under
some pressure, but the declines were re-
sisted. The firm tone of the spot copper
market in London helped the stock. and it
closed with a net loss of rs. Statements
that working agreements had been made
for the continuance of Western Union
wires along some railroads in which Penn
sylVania owns an interest were offered as
disprOving apprehension of hostilities be-
tween the Pennsylvania and Gould inter-
eSts.
The admission of an additional Standard
Oil representative In the ST. Paul directory
led to prophecies of a similar representa-
ton on the Union Pacific directory and the
alleged completion of negotiations between
the Atchison and the Hartman interests
for the use of the Pacific Mail steamships
by the AtchisOn were used TO point the
same inference, namely, the safety of the
in Pacific Mail, no effect was produced by
these reports. The October currency re-
Quirement kept uneasiness alive regarding
the money market future, seemingly with
little cause, as sterling exchange weakened
to-day and New York exchange hardened
at Chicago. The sub-treasury paid out to-
day on account of gold deposited at Pacific
coast points $1,9+, ga, and for government
bond redemption $l,250,O00. The incoming
French steamer also brought the 81 ,000,0OO
in gold which was engaged in Paris over
a week ago. The fact that railroad earn
ings for the third week in September in
creased over the corresponding week of
last year only 4.46 per cent, compared with
an increase for the second week of I.72
per cent, was cited as evidence that the
corn crop shortage was beginning to make
an impression, and last weeks small grain
receipts at Chicago formed an additional
argument for the bears. The market closed
firm at the rally caused by covering OF
shorts.
Railroad bonds were dull and Irregular.
Total sales at par value were $1,6S0. 900.
United States threes advanced Is, and the
old tours and the refunding twos u per
cent. on the last call. The new fours de-
clined "A per cent.
Following are the days share sales and
the recorded price changes: