The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-10-24
Financial.
THE STOCK MA RH III.
Convincing Evidence Yerterday of a
substantial Bail Growth,

Convincing Evidence Yesterday of q
substantial Ball Growth.
New York, Oct. 23.--The market gave
convincing evidence to-day of a sub
stantial growth of bull sentiment in
Wall street. The dealings took on more
appearance of animation than at any
time since the violent downward course
of prices when the money situation
first began to awaken anxiety. Almost
every department. of the market was
represented in the advance. Handsome
gains in price were achieved in many
prominent stocks and in q large mum
Der of cases the last prices We're the
best In other cases profit taking made
notable inroads upon the days highest
prices and some effort was obvious in
sustaining the market in the closing
dealings. 1t was noticeable feature of
the market also that while number of
members of distinctive3 group of
stocks would show great strength and
activity, other members of the same
group, seemingly dependent on the
same influences, would remain uuiescent
and almost immovable. Thus while
Louisville and the Norfolk stocks adj
vanced vigorously, other conspicuous
southern lines of railroads were quite
unaffected. Again, while the grangers
as rule were strong and active, North
western scarcely moved and the Pacific
stocks, including Southern Pacific,
showed very slight response to the pre-
vailing strength The New York. Chi
cago and st. Louis stocks were subject
ed to rather palpable manipulation, the
first preferred rising an extreme s
points and the second preferred 6
points New York Central was also
vigorously bulled to 40 The high
priced specialties, including Sugar, To-
bacco and Peoples Gas and the local
traction stocks We're all of them quite
aggressively strong. The largest ac-
tivity was in the Leather stocks and
the buying in them continued until the
close, the common crossing 10 and the
preferred touching 81. This enumera-
ton includes the most conspicuous in
stances of strength. There was at the
same time a notable backward move
ment In Pullman, Laclede Gas and
which showed net declines
respectively of ] H. 6 and 2 points.
American Mating and one or two of
the iron and steel stocks also reacted
and Glucose Sugar preferred dropped
points in spite of the strength of the
common stock. How far the days
was due to covering by the
short interests, which common credence
places at still large proportions, it would
be difficult to say. The public had lit
tie to do with to-day's rise. But pro-
fessional operators of large calibre
took conspicuous and confident part
in the market. The termination of the
yacht races permits of increased at
tention to the market by some large
operators. The continued downward
course of sterling exchange affords re-
lief from all apprehension of gold ex-
ports. But no prospect is discernble of
,asier money conditions. The exchanges
to move in favor of the in
erior as against New York.
There was heavy buying of Green
Bay income BIS at an advance of 9 is.
The bond market otherwise was moder-
ltely activeat advancing prices. Total
ales, par value. $9S45,OO0
United States threes advanced is and
Id tours registered declined is in the
lid price.
NEM Vf,HES lFIEr 1r