The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-10-29
Half Hearted Efforts to Revive
Their Spirits by Building Up
Group of SpeciaIties About
Midday, a Flat Failure
PRICES KEPT SAGGlNG
TO A LOWER LEVEL
The Pressure Was Not Severe
Through the Greater Part of
the Day But Gained Force and
in the Last Hour of the Session
Became Acute

New York. Oct 28.-There was no
very aggressive bull spirit manifest
from the outset in today's stock mar
ket although there was some support
for special stocks from time to time.
and rather hating attempt made 10
revive the spirit of the bulls by bid
ding up a group Of specialties about
midday The demand for stocks, how
ever, was at a minimum and prices
kept sagging to a lower level.
The pressure was not severe through
the greater part Of the day but gained
force and in the last hour Of the ses-
sion became acute. The bears added
their selling to the realizing and IN
covered stop loss orders The realiz-
ing was by recent speculative buyers
evidently, as was shown by the con-
spicuous weakness of those stocks
which have been under recent manipu-
lation for the advance.
The fall in Northwestern was 51h.
Delaware & Hudson 4 ST Paul ga
Amalgamated Copper A3Is, General
Electric and Colorado Fuel 8; Sugar
"a New York Central 2%; Union
Pacific "a; Missouri Pacific. Northern
Pacific preferred Baltimore & Ohio.
preferred ?. The taking of profits by
the room traders caused only feeble
rallies and the closing was weak at
about the lowest.
Undoubtedly the hardening tendency
Of the money market and the prospect
OF gold shipments to Paris this week
prompted the speculative liquidation.
The clouds of uncertainty which have
gathered again over the Northern
ia - 1.,,z
gloom in the speculative mind after
Mr. Morgan had arrived at his Office
and no instantaneous statement % a
settlement was given out. The renewed
weakness OF Amalgamated Copper WI :
also an unsettling influence. The sell
ing of this stock and Of Sugar was
very heavy Cor Boston account.
call loans rose today to 4 per cent
and the assurance which was professed
on Saturday over the increase in the
cash reserves Of the banks, was dis
sipated and yielded to anxiety on ac-
count of the large loan expansion For
eign exchange continued firm today
but no gold WIS engaged TO- export to
Germany by t0mo.oW's steamers.
There was 70 rally, However, IN sterl-
Ing exchange 81 Paris and 1t Is gen
orally expected that gold will g from
New York TO TIM point on Thursda-'
in considerable ycian3e.
Call money .tie1oqci sharply in Lon
don and open market discount rates
rose well above 4re bank ra.e .ndl-
eating an easiy adv acc BY the bank.
In the domestic n.crey market re-
nev ed activity Of money at western
points was reported and New York
Exchange at Chicago dropped back
to 25c in the discount while shipments
To New Orleans fIom he.c continue
The daily surplus Of the government
revenue IS rapidly augmeHJing IN the
latter part o. the month mixing al
additional Train GA the Nancy market
The Railrodi bond market WAS in
1uenced somewhat by tha weakness
in stocks, but changes were not i'm
prstant. Total sales par value S2.10U.CG0
United States bonds were all un-
changed on the last call.