The St. Louis Republic., 1903-10-30
STOCK MARKET NOMINAL
WITH PRICES LOWER.
COPPER FORMS y LARGE Z
SHARE OF BUSINESS.
Traders Little Disposed to EX-
tend Themselves in Face Of
Hardening Money Rates.

New York. oct. s9-DealinEs in stocks
were hardly more than nominal to-day.
the aggregate transactions barely exceed
ing "A quarter OF "a million shares. The
trading IT Amalgamated was FAR in excess
o. that of any other stock, and 1t was the
only stock Of any prominence which
showed strength. In the early dealings it
got Ia over last night and had some sus-
tanning effect on the general list. The
heaviUess elsewhere proved too much Of a
weight Tor 1t to carry. and its maximum
rate WaS not held. 1t closed the uaN,
however. al a net gain of =. having nrIu
nrIniy dEuve last night throughout The
decrease III the general market carried "A
number OF the leaders about a point be
low, including -. Paul. Union facinc.
ALsSOurI HacIIic, Canadian FuCIflc- Della
ware ana Hudson ana Louisville and
Nashville. The iron and steel company
stocks and the railroad equipment stocks
also showed various declines ui from 10
points.
BUYING ANIALGAMATED.
The buying Of Amalgamated was at
tributqi 10 the coming meeting at Butte
OF a mediation committee with the pur-
pose OF enectiag a settlement OF the en-
bittered quarrel among the copper inter
ests. The SaEg,nE tendency OF the geH-
eral market Wis due 10 inanition rather
than to any positive pressure TO sell.
Traders are little disposed to extend them
Splve- in face OF tht. hardening money
market. and the unknown limits 10 which
Tie Withdrawals Ol currency from this
center may extend. TpleEraphic transfers
through the Suhtreasury were over E.us.-
81" less than yesterday. but they stiu
reached the respectable total OF SlS75.tsu
OF this amount sou went To- ST Louis
S7OJ.O0 to Chicago and S35OglO to New Or
leans. There Is "A disposition TO account
for the movement to Chicago wholly on
the ground OF the sudden development OF
tiie long-dclayed crop-mOving demand,
but there Is authority FOR the belief that
st. Louis has made drafts on Chicago for
which Chicago Is recouping itself by draw
ing on New York.
The tightening Of the local money mar
ket sent sterling exchange downward with
plunge to within measurable distance
Of the gold import demand. sterling break
Ing 10 below 40. but with a slight re
in free supply and the outward movement
Of grain continues heavy.
STORES OF GOLD.
The weekly statement OF the Bank Of
England shows a gain IN gold FOR the
week Of nearly $4,000 but Il is prob-
able that any demand from New York for
gold would meet with resistance. as the de
mand from the Continent il keen. The
weekly statement OF the Bank Of France
shows a decline OF gold holdings OF nearly
s. 0lo.C01 while that instltution's loan ac-
count has been expanded over e1.Oo0C1o
during the week. Last weeks emergency
shipment Of currency 20 Baltimore and
PittsburE failed to find any reflection in
Saturdays hank statement. This * a
condition that usually results In throwing
over the showing into the statement for
the following week. This weeks heavy
outgO OF currency may. therefore BE- re-
hected In aggravated form In Saturdays
bank statement. There We're some
rumors current on the Stock Exchange Of
a tendency 10 spread because OF the
spirit Of distrust aroused in 81. Louis
These rumorS were not verified, but they
had some influence on sentiment The Ia
vCrable reports OF September net earn
ings by the coalers caused some resist
ance TO decline by those attacks. The
closing was steady.
The bond market was affected by the de-
cline IN stocks and the rising money mar
ket and was inclined 90 be heavy Total
sales par value S2-l65.oo0 United States -
declined l. per cent on the last call.