New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-17
BONDS.
THE DAYS OPERATIONS IN STOCKS,

Stock market trading continued on a large
scale yesterday. but the movement Of prices pre-
scented irregularity, owing to heavy realizing
sales. Efforts to advance individual stocks
were successful IN several instances and, as a
rule, final quotations showed considerable i'm
provement as compared with Mondays closing
level. The advance in stock values has attract
ed public buying. Advancing values prove a
temptation that the investing body outside OF
Wall Street is seldom able to withstand. but 1t
frequently happens that this class of buyers
accept the temptation Of speculation when val
ues have reached level at which so-called in
siders and speculative pools are ready TO take
their profits. Stocks have had a good advance
from the low point Of the year and. while sem
timent at the moment is decidedly bullish. the
present level of values may appeal forcibly to
people who have been holding stocks in expec-
tation Of higher prices. The demand for stocks
is certainly better than It has been for many
months. In the course of the next few days the
market will undoubtedly show whether or not
the force Of new buying Will be sufficiently pow
erful 10 offset the pressure Of realizing sales,
and make possible a sustained bull market
The money market situation is apparently on
the mend Current indications point to lighter
shipments Of funds 20 the interior and consid-
cradle addition 10 bank holdings through re-
oeipts Of gold from abroad Continued bull
speculation in stocks may force a higher range
of money rates. but a or per cent money
market will not necessarily stand in the way
of higher prices for sharesif speculative leaders
are convinced that the present time is favorable
for aggressive operations in securities. II SEN
tment continues cheerful over the future, and
If developments encourage the belief that bank
resources viii no longer be called upon to sup
ply heavy demands from the interior. large
holders Of stock may wait while before taking
profits The selling yesterday however, Ger
tainly reflected realizing by important inter
ests. But, the other hand, there was new
buying by houses that represent a most sub
stantial class of operators Of course, the last
named operators not in the small margin
crowd. and they will not sell their stocks at a
loss on declines brought about by realizing and
bear manipulation reaction is due for specu-
latve reasons, but the public appetite for specu-
lation may increase TO an extent which will pre-
vent any setback at present. London made no
change in It's discount rates yesterday while
the selling price of gold remained at Mondays
level Further engagements OF gold for import
were reported, and heavy offerings of cotton
bills caused renewed heaviness in the foreign
exchange market. Call money was in good SUD-
ply at 1884, per cent. with some loans at 4
per cent. The Street has dismissed all fear over
the possibility OF disturbance in money
The heavy volume Of business in yesterdays
market Will not encourage Popocratic poIiti-
clans Wall Street showed its CONTEMPT for
Bryan principles and its confidence in Bryan's
defeat by buying and advancing stocks