The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-10-18
g. tM1Wcrat.
tn 10 STOCK MARK EFT.
Short Lived Demonstration by the
Bulls.

Short lived Demonstration by the
| BuIis.
New York, Oct. 17.-There was a
short lived demonstration by the bulls
in the stock market to-day, but before
! trading was suspended the early gains
were largely curtailed and in some
cases more than wiped out. The
| strength was attributed to various
causes. The temperance this week
| upon the floor of several operators who
| took a large part in last springs big
bull market and who have been away
on long summer vacations gave some
thing of flip to bulish sentiment. The
quiet tone of the money market yester-
day in the face Of the operations Incl
dent to the change OF old Central Pa
ciflc securities for new, encouraged
some sentiment for rise. Pullman
and Great Northern preferred We're
strong although the latter more than
lost the early gain. The Baltimore
and Ohio stocks were conspicuously
strong, the common rising an extreme
2A and the preferred 2. Laclede Gas
has continued it's advance and reached
as high as so. The grangers, Louisville
and Southern Pacific, We're quite well
taken early in the day, apparently by
pool interests. The public was not In
evidence at any time during the day.
Call money continued at 6 per cent. or
below in spite of the fact that many
banks reported their cash still below
the legal reserve. But While the money
rate did not tighten number of indus
trial stocks, specially those classed as
green" in Wall street parlance, showed
signs Of weakness, as might happen If
they were subjected to discrimination
by money lenders In the shifting of
loans. The glucose stocks are notably
affected, the common dropping nearly
eight points and closing near the low
est, while the preferred lost 3la. The
Iron and Steel stocks weakened stimuli
taneously, Steel and Wire leading with
an extreme decline of 2A. Others of
the group suffered to the extent of be-
tween / and 2 points. This resulted in
the wiping out of pretty much all the
gains which had been established.
Prices struggled upwards again in the
final dealings to a level for the most
part slightly above last night. There
was a warning rally in the rates for
foreign exchange during the day
which was not UNDECIDED. Signals of
distress We're in evidence in the Ger
man money markets and sterling ex-
change fell sharply at the continental
centers including Paris, Discount rates
in London responded with an advance
and exchange rates here, both on Paris |
and London, rose in sympathy. Add |
ed to this that money is still going to /
the interior in considerable volume, /
that government payments through |
the sub-treasury are again falling off, |
a renewed drain on the |
money market on account of revenue
receipts, and that applications for an
ticipated payments for government in
lerest continued on a small scale, and !
the outlook for easier money was not
to-day This consideration
was sufficient to give pause to the eff
'orts to advance prices
The bond market was moderately ac-
i've and prices improved. Total sales
par value $2,005,0OO. United States
ponds We're unchanged in bid quota
ions.
NEW YORK STOCK MARKET
opening, Highest, Lowest Quotations
IN the New York Stock Exchange, reported
by Prince & Whitley, Brokers, Is Center
Street, New Haven.