The age-herald., 1900-10-17
STRONG SUPPORT
 TO STOCK MARKET Bull Campaign by No Means Abandoned. 
 SLIGHT PAUSE IN ADVANCE Recurrence of Some of the Depressing s ointment Which Has Overhung
 the Market-Money Condi-
 .tions Are Unchanged
SLIGHT PAUSE IN ADVANCE

New York, Oeotber 16-The stock market today demonstrated convlncingly low large short interests had been eliminated in the course of yesterdays wholesale demand for stocks and the supporting influence of this element deprived the bull pools of very effectual source of strength. The campaign for the rise was by no means abandoned On the contrary, very power full and resourceful efforts were made to- wards continuing the upward movement of prices. The notable buying of the day was in Union Pacific, in which transfers of 1000 to 12O0 and even 3O0O-share lots were ire quently recorded on the tape. It was the advance in price that brought out those offerings and they were confidently ab- sorbed by the brokers having the advance in chal t,es On the frequent reactions that volume of dealings both in this stock and in others which were manipulated for a rise fell away notably, leading to recurrent periods of dullness during the day
 Norfolk and Western gave most conspicu- ous evidence of concerted efforts for rise next to Union Pacific. But these move ments by the bull party did not become prominent until after a very large selling lO ASdAZS Leiu DSSn dCCUIilpllSutu 1uS greater part of the first hour was given up to furious activity and a somewhat waver- ing upward movement, marking the feed ing of the outside demand by those who had accumulated stocks at the lower level. The taking of profits during this period must have been on a very large scale. The subsequent efforts to resume the advance met with d number of drawbacks and the heavy undertone of the market gained as ht- GaH 1rn nn nIp inv Was distinctly heavy, with prices below the best and net losses in some important stocks, while the striking net gains were confined to comparatively few cases.
 Partly as a cause and partly as an effect, there was a recurrence of some of the de- pressing sentiments regarding the specula- tive features which have long overhung the market. The fact emerged with some clearnesl5 that the large short interest which was driven to cover yesterday, had been actuated to take the bear side by drawing analogy with the corresponding period in the lasll Presidential campaign when the stock market was violently dis turbed and rapidly declining.
 The sudden brightening in the money out look of saturdays bank statement and the gold import movement gave the bulls movement for a swift turn against their opponents There was some positive weak ness in Peoples Gas as the result of a proposition tor municipal control of the selling price of products and some of the steel stocks gave evidence of depression. There were recessionS in the anthracite coalers in the delay of the strike settle ment. These and other like minor consid- eratdons would have been ineffective in yesterdays rush to buy, but in the pause today they had added influence.
 One large engagement of gold for import was announced, but there is a striking fall- ing off in the number of bills offered in the exchange market, which promises to re- duce the accumula ting credits from foreign octton buyers. The violent reaction in the cotton buyers. The violent reaction in the mand, pending more settled conditions in the trade. But while this has diminished the cotton bills of exchange, there is a corresponding falling off in the recent de- mands from the South for money. Money market conditions in New York remained unchanged, but there was some renewal of an apprehension that later money strin- gency might not he entirely avoided
 The bond market showed continuance of yesterdays improved conditions, prices gen efally advancing on enlarged demand Total sales, par value, $422, ,17O, ,OO0 United States refunding 2s and the old As ad- Yanced B per cent on the last call
 New York, October 16.-Money on cali firm at 393A per cent; last loan 3A; prime mercantile paper, 5@6 per cent Sterling ex- change steady, with actual business in bankers bills at $i,S4A for demand and at S4.SO1aQ4SO9s for 60 days; posted rates $4S11a Q4S5A; commercial bills $4. 791A6l4 SO1s. Silver dollars 491a
 Government bonds strong; State bonds inactive; railroad bonds firm.
 fBy Private Wire to Murphy & Col