New-York tribune., 1897-10-17
SATURDAY.. October 16-p. n


The stock market showed moderate strength
to-day but gave little indication of substantial
support. London prices responded to the strong
closing Of last night. but commission houses did
little in the market the last named factor prov.
ing disappointing 10 number OF traders, VINO
professed that they would like to see prices go
higher The market has had many setbacks
of late that prominent buyers doubtless expect
a lower level of values and are unwilling 10
give their support until such level has been
reached Permanent buyers will produce
permanent rise. but it is not at all certain that
this class OF buyers is ready To take hold of the
market so long as bear manipulators' are 50
Successful in inducing lower prices. All the
stock recently bought was sold on the first sue.
ceed!nc rally and. while there may have been
some buying 10 hold. the chances are that II
was extremely small in range and unimportant
The assumed fright Of Wall Street spectators
over the municipal election and the Cuban sua-
ton in ord .r 10 induce a lower range OF values.
ont of which they can make future gains mas
been successful but some people think the de-
cline will 60 further The very fact that cer'
tain operators are eXerting every effort for
lower prices proves their belief in National pros
perty and higher prices. They want 10 buy a.
cheapy as possible and 10 sell as dear as pos
sible They want investors 10 stand UP anu
deliver their holdings But the majority OF IN
vestcrs know how to hold good things IN gooo
times. The trade reports for the week enuihs
Yesterday showed better condition OF anans
than in anv similar week in the most prospectus
of years but stocks closed the week conside'a-
bly, under the closing Of week ago ..oox
The hank statement issued to-day for the ~
made A favorable exhibit but had little ihnu
once unon stock values. The decrease IN the
currency movement TO the interior and the re-
CENTS os gold from abroad had the expeeteu
effect Of Increasing the cash holdings wnile
,crrasc in deposits helped 10 increase the SUI.
plus reserve by x1129.0O TO Sl4.6l4,JW Loaus
decreased Sigh loo. AS compared WIN q .yas -a"
ago loans show an increase OF Sil.o' ~. ~.
and deposits an Increase OF Slo-."Nftoo - -
rrnerol list of stocks recorded fractional l,n
nr"vement to-day but the closing was unde.
the best figure. There was great uu,i'es uu,s
throughout with the chief activity IN tne ,sy. IN
mo lndustrials Burlington, ST. Paui i-ouls nv
ond Nashville and Union Pacific. the sta'I
r,,o. of foreign trade in September Whlsh 10 -
,,,hiish,a in full elsewhere on this page SHOWS
an rvc.ss Of merchandise exports over iihpo',s
NJ S,;o cSl 1871 as compared with an e.cess .'
Ssn,amher lS.6. Of S34 2tI los. with the SUI
yle exception OF October. lS!w. the record wa wa.
the hest for any month in the history Oh .s u.s
nurtrv From January |. the excess or expoI'ss
oou',,r, .n,,,d ~ Sl3I $50 ,93 That the movement
H. NOT decreasing Is proved by the hgures io'
=, ~ ',,rrent week and by the enormous snip,
vents Of wheat. which amount TO o'n,o' "a "a
hmshals for ths week, an excess OF i'-VV'oV"
bushels over last week. ,,, . .,vs
Dr,cns for the last sales OF the princlpai acu,s
s,acks to-day. compared WITH the lnal ngures "
yesterday were as follows: