Evening star., 1901-10-03
Stocks Were Weak and the Market
Rather Dull,
INDUSfRIALS ATTACKED AGAIN
Buying Was Confined Mostly to
the Short interest.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch 20 The Evening Star.
NEW YORK, October Am attempt to
rally the stock market during the opening
hour this morning was successful to the ex-
tent OF few fractions In the general list
and to a full point in one or two over-sold
specialties.
The rally was short-lived, however and
prices gave way easily once the profess
sional demand fell of. There was no in
crease in the volume OF legitimate business
and many periods OF absolute stagnation
Were recorded.
Commission houses did little and the sew
eral pools were either idle or moderate SELL
ers whenever the market hardened. Early
IN the day an attempt to depress the gen.
eral list by an attack upon the industrials
was made and was moderately successful
Peoples Gas was sold down under lo3 for
no good reason other than the fact that
the houses identifed with Brooklyn Rapid
transit are also interested in the Gas prop
erty. and traders tried to force liquidation
of long stock.
While Offering down Gas there was some
demand from the recent sellers of Rapid
transit The Standard Oil party is general
~ regarded as having a considerable In
terest IN the two properties named. and this
made II easy to discourage new business IN
tnem, since that influential clique Is now
supposed to be opposed to an advance In the
market. Copper holds moderately we'll but
all OF the recently weak Industrial issues
nave failed to attract new business at the
low levels.
American smelling common was sold by
several prominent houses and met with lit
tie support. but there is getting to be some-
tning suspicious In the weakness of such
properties. The market is not a good one
TO realize upon, and II Is practically i'm
possible TO sell long stock in any volume
10 advantage The street is therefore In
chned TO look about for some plan look
ing to transaction Of some magnitude at
a later date.
III the present shaking out is due 10 n
desire to accumulate stocks the rebound
VIII De swift, since there is a considerable
short interest which would be forced out
at any advance.
American Car and Foundry was weak
again and all Of the steel issues were heavy
under small dealings
' In the railroad list there were decltna,
OF irregular proportions, but the standard
selling
The commission house following had few
buying orders. even in the best known is
sues, and those stocks which are depend-
laS upon consultations were neglected
Inc Junior Vanderbilt shares sold of under
an attempt 10 take profits and there was
little said OF the immediate prospect for
an announcement of the plans for a merger
or all the lines IN that system The coal
STOCKS shaded ON fractiona1ly. but were
houceaoly steady by comparison with othez
Issues. ~
There was not single group of stocks I'm
any department which showed an ageres-
sfve buying demand. This fact points clear.
~ 10 the previously expressed view that
would-be buyers are waiting for lower
prices There are many stocks which VIII
fnd friends few points lower down in the
speculative scale. II NAV serve the nlan.
of the leading interests to adjust nrice.
slightly to meet the views of the public
Inc money market displayed few changes
| In conditions Call money at per cent was
70 De mad In sums fully equal to all present