The age-herald., 1901-10-18
cTaEf'KI { !. MARKET IN
 HESITAT|NG MOOD  Heavy Selling in the Southwes-
 tern Group INVESTMENT STOCKS GO UP Sudden Activity In Northern Pacific Preferred, After Period of Prac- teal stagnatlon-Paris Money
 Market Strained.
INVESTMENT STOCKS GO UF

New York, October H.-Todays stoch market was again quite inconclusive as an index to any consistent speculative sentiment. Confusion and hesitatlon "eie the only feeling revealed. Ai'houe ', prices covered a considerable range anu in some cases quite lower. the ehtii ranges of any consequence VIII De iouiu very few. The same brokers ac'ihs lo all appearance for the same interests were on different sides of the market at different times of the day. This was es- pecially true of the operations In the Southwestern group in which heavy sell ing seemingly for inside interests was fol- lowed by even heavier buying from the same sources. The midday weakness in this group interrupted hardening ten dency. as it did yesterday. The feature of the morning dealings was the marking up of a number of high-priced invest ment railroad stocks. This movement was prompted by the sales yesterday of Lake Shore at 300, which were confined to two transactions. and tho alleged raising of the bid for Chicago, Burling- ton and Quincy to 211, which proved on investigation to be wholly fictitious
 On this rather slender basis there were hung various sapient distortions upon the significance of the pressure of capital thus revealed into the high class railroad stocks and the example was taken up this morning possibly by investors and possi- bly by the ingenious professional opera tors who have been seeking to awaken speculative interest in stocks. The move ment had lost most of It's force by mid day.
 Much more impressive was the sudden activity in Northern Pacific preferred after a period of practical stagnation last ing ever since the panic of May 9. Not only was the demand for this stock quite strong, but the supply was extremely lib- eral, many 1000 share lots being dealt In, and today's transactions reaching a con- siderable total. Among the prominent sellers were brokers often employed by the capitalists whose jealousy guarded control of the company is known to be maintained by holdings of the preferred stock.
 The incorporation in Iowa of Chicago Burlington and Quincy Railroad Com pany, stated to be for the purpose of ac- quiring the Chicago, Burlington and Quincy Railroad, coupled with this move ment in Northern Pacific preferred, caused new attention to the recently prevalent reports of progress in the plan of settlement for working out the North ern Pacific tangle, but the influence of this development did not extend beyond St. Paul, Great Northern preferred, Union Pacific and Southern Pacific. Amalga- mated Copper continued active. but the belief grows that this stock is influenced at present by speculative duel between two professional operators, rather than by the actual conditions of its finances or, the trade. The stock was firm to strong, and shows a net gain of K. Su- gar was another prominent feature and gained for the day 1. The covering of out standing shorts was an important inf1u- ence-o on the latter stock.
 The weekly exhibits of the great Euro pean banks reflected clearly the strained conditions. which have developed in the Paris money market, while the condition of the Imperial German Bank showed a material and unexpected improvement Otherwise there was no marked change in the money or international exchange
 Railroad bonds were quite firm on a good volume of business. Total sales, par value, $1, ,0S5,000.
 United States Ss advanced A, and the b's, coupon. declined # per cent on the last eall.- 4s-ssf
 New York Stock Market.
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