Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-10-20
Stocks Stronger Than any Time
Since Summer Dizziness.
Big INTERESTS REPORTED BUYERS
Commission Houses, However, Do
ing but Little Business. =
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
| NEW YORK, October 2O-At the close OF
| business today the opinion is general thar
| strong interests have been accommodating
stocks The identity OF these interests is In
doubt, Standard Oil buying. Vanderbilt buy
ing and keene buying are the most fire.
| Quently mentioned by those who try to ex-
| plain the new level Of prices. In some
| quarters the big insurance companies ara
| said to have accepted trustworthy adv:crs
as to the outcome Of the elections and have
begun to buy stocks in advance of the pub
| lie demand
In any event. the market has been more
active. the volume of business better dis
| tributed and the buying more confident
than at any time since the dull mid-suulmer
period. 1t Is a curious fact however maj
brokers', for the most part are extremely,
conservative, and hesitate to indorse tbs
movement toward higher prices There are
lew commission houses willing to adv,
ouylns at this level, while many incline ia
u. me view that sharp reaction will prec,de
the election. w
The fears of higher money are. or haya
peen, responsible for this attitude anon"
commission houses. Loans were u,ada
months ago to tide over the election perl.I
put on the basis of q minimum den1nJ
from clients. Now an active market cons
along, fortnight in advance of prepars.
uohs' and the millionaire interests and fbS
ever ready professionals have proit, ed
Inc bank statement throws some light ~,
sne SUBJECT The item of loans shows a
INCREASE OF sio0o5,s 500 in the face Of
WIDER speculation. The banks were n,II
moderate lenders during the weeI 81 my my
ana some shifting of loans was in progress
turing the major portion of the week In/
t fne shItlns process the loans were trans
h 10 trust companies, non-member
banks or were iqudated by the sale NJ IT,
collaterals. 'e Va 'iie
one other explanation is offered and that
IS tnat presuming the Standard on party
70 nave been active in the market, the in.
sEtutlon which finances the affairs OF tb.,
party namely, the City Bank, NAV have
eXerted Its influence to have an encourag
Ing showing. The decrease in loans on the
"moie IS however, a remarkable showing
Inc deposits have decreased sl5 l55 no
ana the loss in lawful money has been
s1.3oo'2oo The changes in the items ars
ABOUT consistent with the decrease in loans
l. me net result is reflected by decrease of
sl'ol6Z25 In the reserve, bringing the total
surplus down to S2347 100
AS the gold fmportat.ons do figure In
.his weeks statement, it is probable thar
tooays reserve will be the low-water mani
Tor the season. The gold will arrive dir
ing the coming week. and no more concern
the money market
AS an evidence Of the confidence in mona
,ary conditions. todays activity centered
largely IN the industrial shares The Steel
WIZ III 6oou OemanQ and BUYERS
were not apprehensive concerning their
aoili1y TO hnance loans on such co.iaterals.
racine Mail was strong under what looked
like manipulative demand.
Inc market is verging upon the point
around which public demand is likely.
~ such demand should set in in volume
the various pools would in all likelihood
llghten their holdings over the elections.
me market Is strong and has increased in
oreaath, but not to the extent necessary
LOT tne clques to turn around in and realize
Oh accumulated holdings