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Show IfOCKS HEAVY AND WEAK DN THE NEW YORK MARKET V cble Rallies Follow Selling Pressure in Consid- erable Volume; Statement on Copper Due Today. I -By BROADAN WALL. Bttrnflttonnl News Service. YORK. Oct. 6. Stocks were and weak today. Selling pressure mriderablo volume appeared and ol-rh ol-rh two or three feeble rallies wore ated prices showed little rcallleticy frfed near the low figures of the Lj common received tho brunt, drop-to drop-to E, a loss of three points from the lac- nrlcos of Satunlay and n docltnn ST points from tho recent high ilff- Stlllnff for commission houses and tan for foreign account wore nested ne-sted by tho floor traders, who sold and found little difficulty In cover-jiIr cover-jiIr trades at a good proflL rther cutting of prices by independ-rtinufacturors independ-rtinufacturors of stool product n was JIj although the United States ''corporation inado no change In its talis. The corporation reported a Me in unfilled tonnngo at tho end Sember of about 175,000 tons. Those jj are about tho samo ns those for August and am bettor than std, as a docrooso of 300,000 tons ittn freely predicted. Xnw business dug hooked at a slightly lncrcasod average for tho previous month. en 66 n"d nCJ excellent buying In common appeared tho kind of buy-hat buy-hat frequently precedes a rally. P. Rallies Feebly. ion Pacific lacked Knap, only rallying r. Amalgamated Coppor was firm, coppor producers' ntatomont to bo shed at noon tomorrow Is expected ww a further reduction In tho aur-atodca aur-atodca of the- metal. Prlcos In the trade -tvor easier, with dealings at 163. as against the previous rato of lflj. ,T,,o new tariff comes In for considerable considera-ble discussion, and tho Impression appears ap-pears to he general that as a stock market mar-ket factor It Is unfavorable. The advance In call money to 5 per cent was attributed to tho heavy withdrawals of cash for customs duties at this port, intimates place the amount turned over to .? 52Y,ernmcnt ,n tl,e Pfist two days at $15,000,000. Depressing reports were received from nshlngton Indicating that the government govern-ment would resume its attacks on corporations cor-porations or trusts nn soon as the currency cur-rency bill wan out of the "way. American Iclephono Xr. Telegroph was weak. Western West-ern lnlon lost two points on a turnover of 300 share. Foreign Markets Depressed. Foreign markets were depressed heforo pur opening. Government securities ruled lowor and underwriters have Increasod their burdons bv taking up no per cent of recent Canadian Isauos that the public would not buy. Commodity markets woro woalc. Col-ton Col-ton broke twenty-five points, and whfat and corn were- under pressure of large offerings. Great Northern's gross earnings for Scptembor showed an Increase of $1,000.-000, $1,000.-000, which reflects tho extent of the heavy movement of grain to market. Speculation looking toward higher prices has received a sortous check. All tho leading markets are dull or heavy T3ankors aro universally conservative, with a growing tendency to hoard gold. Traders look for a rally in prices tomorrow. |
