The daily morning journal and courier., 1903-10-15
YEsTERDAY'S STOCK MARKET.
Early Advances Wiped Out and Prices
 Drop Below Tuesday's Level.

Early Advances Wiped Out and Prices Drop Below Tuesday's Level.
 New York. Oct. 4.-Attempts on the part of professional traders to advance stock prices to-day were disturbed by the development of a number of weak points. The advances which were generally wiped out, and the last prices were below last night as a rule. The l strength in the early dealings was helped by the hgher range of prices in London, where the financial community felt great encouragement over the prospect of averting hostilities between Russia and Japan. The stock market situation at Pittsburg was much im- proved to-day, and market values of Crucible Steel preferred went far to- wards repairing the damage done by yesterdays panicky break. The re- sponsive pressure upon United States Steel preferred was relieved thereby. The break in the Canadian group of stocks offered the first interruption to the advance, and served to add to the Il l anxiety caused by yesterdays rumers of financial difficulties in Montreal The effect on the general list was not very marked. and attempts were made to contest the reaction. The market was without any animation, however, after this development Later in the day the weakness of Amalgamated Copper, overshadowed the whole. situa- ton. This stock was lifted a point in the early dealings, and reflected quite an active speculation based on to-mor- rows dividend meeting. The late break to S3 7-S, low record for the stock, caused all sorts of surnises about to- l rnorroW's dividend action. The weak ness of the American Smelling stocks, seemed to be associated with that of Amalgamated. The violent break in the American Car stocks toward the close of the session, also had an unsettling effect. The. common fall 3 3-S, and the preferred 1-2 No news developed re- garding the property. Several attempts were made to rally the market after the various points of weakness had devel- oped. One of those took the form of bidding up of the Vanderbilt group.
 This seemed designed to give the irn- pression that the leading member of the family in controE snefly returned from abroad. was buying the stocks. S But their subsequent relapse, pointed te the movement as q traders device. There was a buying movement at one time in Reading also. The resumption of the hearing in the United States shipbuilding suit, seemed to exercise depressing effect on the trading The days returns of railroad earnings were generally favorable, and the decline sin imports, and the corresponding benefit to the eountry's favorable trade balance, as reported by the bureau of statistics in. the September foreign trade return indicated favorable factor in the ex- change situation. But these considera- tions failed to hold the late market against reaction. i,.5>@. s&~
 United States bonds rose 4S-4 at one time, but lost practically all of the gain. The bond market generally was unin1portant. Total par value were $1,, S7O,ooO. United States bonds were un- changed on the lasttcall.
 Closing Prices.
 Following are tue closing prices reported by Prince & whIteiy. Bsnkers and Brokers 52 Drosdway. New York. and 10 Center st. New Haven: