The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-18
THE BULLS WERE
VERY ACTIVE
Big Operators on Change After Long
Vacations.
SOME STOCKS VERY STRONG.
German Money Market and Ster-
ling Exchange Fell at Cont
mental Ccnters.

NEW YORK, oct. 17.-Therc was a
short-lyed demonstration by the bulls
~ the stock market TO-DAY, but before
trading was suspended the early gains
were largely curlmlcd, ana IN some cases
more than wiped out Inc strength was
attributed 20 various causes. Inc redi-
pesranCe tins week upon the floor OF the
exchange OF several operators who took
"a large part I'm last spring big bull mar
kct. ana wa nave ucen away ON long
summer vacations gave sometniug Of
nip 20 Dulllsu sentiment. uc quiet tone
OF the money market yesterday I'm the
face OF operations incident 10 the change
0f old Central Pdclnc securities for new
encouraged some sentiment for rise.
These were one on TWO stocks I'm the
list which were notably strong from indi-
NiduA causes, which We're rumored hut
nu& autno.l.a disclosed. and which
helped 70 sustain price. among these
were Pullman and Great Northern pre-
fcrTod. although the latter more than
lost the early gain. The baltimore and
Ohio stocks were cOnspicuously strong.
the common rising an extreme "a ana
the preferred = Laclede Gas continued
its advance, and reached as high as 10.
The grangers, Louisville and southern
Pacific were quite well taken early In the
day. apparently by pool interests. The
public was not I'm evidence AT any time
during the day.
Call money continued at per cent or
ScloW. i'm spite OF the fact that many
banks report their cash stlll below the
legal reserve. But while the money rate
did not tighten. "a number of Industrial
stocks. especially those classea aS
green" in Wall-strcct parlance, showed
signs Of weakness, as might happen Ut
they were subjected 20 discrimination 10y
money lenders I'm tho shifting of loans
The Glucose stocks were notably anect-
cd the common dropping nearly points
and closing near the lowest, while the
preferred lost 3ls. Iron and steel stocks
as group also weakened simultaneously
Steel and Wire leading with an extreme
decline Of "a. Others Of the group SUI
ferod to the extent Of between j and
points This unsettled the bull movement
and wiped out pretty much an the gains
which had been established Prices strus-
rled upward again I'm the final dealings
10 "a level for the most part slightly above
last night but the snap seemed taken
out Of the movement
There was n warning rally In the rates
for foreign exchange during the day.
which was not needed. Signals OF dis
tress were in evidence in the German
money markets, and sterling exchange
fell sharply at the continental centres
including Paris. Discount rates in Lon
don responded with an advance and OK
change rates here. both on Paris ana
London. rose I'm sympathy. Add 20 TINS
the fact that money is stil going TO the
interior in considerable volume. that
Government payments through the sub
Treasury are again falling or. promising
. renewed decline I'm the money market
on account Of revenue receipts and that
annlicafions for anticipated payments
Tor Government interest continue on
small scale and the outlook for easier
money Is not promising This considera-
tion was sufficient % give pause TO the
efforts 10 advance prices.
The bond market was moderately active
end prices improved Total sales. nar
value. So 10000 United states bonds
were unchanged In bid quotations
Total sales Of stocks. $4,000 SHARES in
Guiding Atchis0n preferred 1915. Balti-
more and Ohio 9.2OS Chicago. Rurling-
ton and Quincy. 1920. Louisville and
Nashville. 1O1OO Manhattan. 6S35: New
Yorl, central 500. Northern Pacific.
an. ST. Paul. 1870 Southern Pacific.
u Q7S: Union Pacific $500: American
Steel and Wire 1850: American Tohoc-
On. II 80. BROOKLYN Rapid Transit. 73GS3.
Federal steel. 1880. Glucose Sugar.
$50. Laclede Gas $50; Pullman. G5iG;
Sugar. 2915O: United States Leather,
1000.