The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-15
GOSSIP or WALL STREET,

power. Inc DuNlng. on whlch moderate
advances occurred In the forenoon and again
in the late trading. was very largely profess
sional. Wormser and Wasserinun went
around in the afternoon bidding up various
stocks with moderate success The trouble '
room operator says, lis to sell your stocks
on the rallies. Prices can be put up all right
but when YOU try TO take profits your market
| fiattens out because there Is nobody but
traders to unload on" Brokers reported
from the floor Mt intervals yesterday that "A
concerted demonstration against the short
interest would put up the market possibly
points Traders alone. however were
afraid to essay the operation lest they be
themselves landed" with the stocks After
the first hour the market became largely n
scalping proposition. Traders seemed to
be waiting for something-further disclos-
ures in the shipbuiding affair. some said
The early morning advices from Pittsburg
were encouraging. 1t was said that heavy
holders Of Crucible Steel had met and ar
ranged to raise all the money the company
needed. and Crucible Steel opened on the
Pittsburg exchange points up. The selling
for Pittsburg account in this market yester-
day was unimportant. The situation there
was said to have been exaggerated. The
Pittsburg correspondents OF local houses
reported that in the judgment Of the best
critics the worst Of the liquidation at that
centre was seen on Tuesday
I've never seen worse case Of blues on
the floor Of the Stock Exchange" said two
dollar broker last night THE atmosphere
there is very depressing. The few bulls
that survive are objects Of mingled pity.
distrust and suspicion. There is general
feeling OF nervousness. for which the MEM
bers themselves are almost wholly RESPONSE
bic. Every other man you meet seems to
be in a state Of mental panic. To-day. for
example. when it became known that an
announcement was to be read from the rOstrum
traders rushed ar ound looking for something
to sell. The thing announced was the sus-
pension Of Kilbreth. which was OF no impor-
lance whatever. l saw more lunches eaten
on the floor to-day than I remember to have
seen in aleood many weeks. and that. l thought.
was an indication of nervousness members
sending out for sandwiches because they
were afraid to leave the market. Something
is needed TO bring the Stock Exchange crowd
to its senses. A big squeezing OF shorts in
one Of the many oversold stocks might do
it,"
Puts were offered on Steel common last
night 4 per cent. from the market. good
one day. for one-eighth of per cent; or SIPS n
thousand shares.
The weakness Of Southern Railway this
week is said to reflect liquidation for Balti-
more account.
The volume of trading in the Steel shares
ieh Oh very aDruptiy yesteru"y, ine ous
ing OIL the preie!reo stoch III INV ioi ehooi,
lookup sooo-at ieasS ~ came VII ousn wv"
ouU tns oeis u. -. vs.
npai - oni VIC Is W. $50.
esiieu soou' 'heie was a ao' m
Oh short covering hair's' oa'ee ",
eaieu W oe 'an .,, e'|on o " 49,. IT.
az oho .''i'o "e.o p,, W. ~
huc.ua'.ons y, o'.ei common 49,.
range CT ,ess .nan ! per cehV.' Wv ,r, emo
range Oh 'he pfeieifeu was i'ih '''' " We
Il was reported on the floor that a trust
company had liouidated a $500 900 loan the
collateral in which consisted principally of
Am,luamatad Conner and American Smelt-
ing and Refining. Liquidation of loans by
banks and institutions was reported from
prominent money broker mace the s'aee-
ment on the moor OF inc STOCK EAch''iise
that he mad placed SIX months ,oais assre,
eating $3.50 600 at o per cent the coiiaterai
for which consisted ehtre1y oi uhuisee.u
securities. Ihis was quoteo ireeis a. 'u'-
llsh argument
xu; ,hou,n .
nohu st.,', Ln,,nd tor bi1b c,,s.
rels Tha i,n,,irv Ia for the cream
~ snnaaS honds ra,urnino fair rate Of in
VI l tH., ,nartat for securities Of that
eIss 10. noticeahlv imnroved In tone during
49, ,as. fortnigbt The statement showing
49, ~ VOC, ,,,nount NJ money had been spent
~ iu.,ir, tho uarruap lines attracted
i ~ o.. Eva Irnion Pacific bonds which
49, 49,. boan r.rv stronu Ruvinr orders
.nN. 80 49,. l., Co. Irnior Pacific A limi,ed
.i", ,o",I "a cha ouotation was aaL are
.u e,,nJ panor,s On the bond market
o..' n,.ha, conflicting one dealer saving
- hn,,or ;n,u-v than nj snv previous
80 49,. ,,.or uhi,a another ia much less
arthrsio.tic ohout the Improvement within
80. -, bond bouses ia encourarinR. The
nons haa not yst eYtended TO the second
H.. ~ o.ni-snaculative bonds. Brokers
are anxiousiy waiting for that.
Tho weakness nj Amalgamated Copper
,,as,.rdav influenced sentiment unfayorab bly,.
Tha .,oct contributed an important low
raoord touching 33I. the lowest price at
ubicb IL has ever sold. Spie1elberg, Hahlo
NJ Onnanbeim 4 Co. Lauer d Co and
Uninawood A. CUNNINGHAM we're prominent
aaIiars Sniepelberp's efforts to depress the
..,ol, attracted some attention. Housman
4 "a Imbrie 4 CO.. Yates. Richie Pope
- N,Intyra + Marshall we're the principal
h1,ors Traders who play TOPS" and bot
,on,s" aoId heavily after the price had broken
:, -, IT,. III lo,, racord or Az ANAL