The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-04
STOCK MARKET
WAS Bu0YANT
Net Gains of Large Number of Stocks
Ranged From / to 2 Points.
IN PROFESSIONAL HANDS.
Rumor OF Strike Settlement Had its
Eject g. Bonds Were Not Much
Affected by the Activity
In stocks.
IN PROFESSIONAL HANDS.
tEy Assoeiated Press,

NEW YORK, Oct. 3.-Wall Street vas
considerably puzzled by the resumption
To-Day OF aggressive tactics for me az,
vance after the bull campaign projected
on Monday seemed yesterday to be apah-
ooned. But while the motive OF the rise
was difficult TO discern, the force atiu
the proportions Of il Were SulLicieiius
impressive TO take the courage OUT VI
the bear party and to induce heavy COW
erinfc all around. The small bears VINO
had resumed operations Tor the ueCtiile
yesterday were the first TO IaI Nic ,s!iln
TO The lnanoeuvreS of the pulls' VINO,
however, gave. indication OF being ;ILtei
larger game and pursued their adE4ii-
tage with great confidence. Ihey Grove
some long-Standing shorts TO cover, anu
ultimately effected a buoyant rise IN me
whole market, which closed strong ana
active ut the highest level and at net
gains ranging from / TO over : points
Tor a large number of active stocks.
opening declines in a number OF STOCKS
seemed only to afford the better van
tage ground for the aIT2tlce, Which Was
thereby made the more impressive. IN
Quiry of comInisson-houses fails TO IND
any trace of buying, orders from outside
sources. and opinion is agreed that to-
day movement was practically in pro-
fessional hands.
A long Provisioning bull interest Is
supposed to have been Joined by some
of the powerful operators who have re-
Gently returned to the street for q, cam
raiCn against the shorts. Stocks which
have recently been the special target for
bear attack reflected the most urgent de-
mand TO-DAY. Missouri PacifiS. which is
q leader OF this class. showed gathering
strength during the day in connection
with yesterdays annual meeting of the
stockholders in the St Louis and South
western Railroad. the action at which
is supposed TO foreshadow more intimate
relations between the Iron Mountain and
ST. Louis Southwestern railways. From
the early low point Missouri Pacific was
carried UP 3Is per cent. burlington also
reflected a demand of a large outstand-
ing short interest, and was marked up
an extreme 23s. Baltimore and Ohio.
Northern Pacific and Louisville were also
prominent in this class. but the move
Inent gathered force and ultimately
spread through the whole list
The most buoNaIt period OF the market
that President Mitchell Of the Nine
Workers Union, had called the coal strike
on which completed the discontinue Of
the shorts. Even Tennessee Coal. which
was sold down 81 on the fear that no
dividend would be declared at to-nlor-
rows meeting, rallied points, and
Sugar which had fallen 2;s on account
OF the demoralized condition, and the
cutting in prices in the refined sugar
market rallied 12S. Local market for
time loans continued firm. and the mini
mum rate Tor call loans was advanced
from . to III per cent, with the maxi
mum unchange~- at 2l2 per cent.
Bonds We're not much affected by the
activity in stocks and price changes We're
mixed. Total sales, par value. $9S0,0oo.
United States bonds We're unchanged in
The bid price.
Total sales of stocks to-day were 600
shares
MONEY AND NEUTRALITY-SUSPICIOUS. on