Omaha daily bee., 1900-10-18
MovEMENTs or STOCKS AND BONDS.
Bulls Make Continued Effort TO Ad-
vance Stocks During sessIon.


NEW YORK. oct. 17.--Some continued
effort was made in professional quarters
t. t. advance I,al & the prices Of stocks today but
and y was evident that the MANIPULATION
ffor the advance in some quarters was
Yesterdays market fairly demonstrated
that the outstanding short interest had
been reduced to such proportions to
make their demand ineffective I'm contlnu-
ing the advance In prices. Today IL looked
very much as though some of the impor
tant bun interests had taken early cog
taken their profits Some of tho recent
yersed their position today and were openly
large sellers of stocks. There was suf-
market to attract a considerable accumu-
lauon OF buving orders from outside
sources this morning In spite Of opening
recessions this buying encouraged the bulls
10 resume operations for the advance The
sharp twist to the short interest IN Peo-
favor: The definite announcement that
had adjusted their differences and had
trading in Peoples Gas. Orders were
simultaneously executed at quotations rum
$500 shares at the opening. The price
was was later run up an extreme 2s4, Owing
out at that. level the price fell back and
the stock closed with a net gain of only
" The reaction in PEOPLES Gas and the
stocks made the later manipulation for the
advance Intellectual Southern railway pre-
pushed up ia and lss and there was eager
buying of the Reading stocks on the com
p.any's settlement with it's miners. Lake
Of points and Consolidated Gas rose 4s,
nnn1bor nhere were some substantial gains in g
AMONGST them few net gains 'TSKs we're saved Sed
on the day. But the Closing showed a
weak; with many stocks at the lowest OF
the day. The expectation is pretty con-
hdent that saturdays bank statement will
recurrent anxiety as to the future. A
large part Of the incoming gold imports
ont sources In the open markets and the
reserves Of the great banks abroad have
not been oncroached upon.
Cneasiness continues In foreign money
markets as to what will happen IL New
York makes such demands for gold Au-
TO the disbursement OF government credits
ana s,n they regard with disquiet the, con-
against them. The Bank Of ENGLAND has
attempted without success to stiffen dis
market. In view of this non-success It is
a question, whether the official discount
rate will be advanced tomorrow Tha
weekly statement of the Imperial Bank
OF Germany was notably strong but the
Bank Of England had TO surrender gold
New York funds continue available for
borrowing, but they continue mostly from
tIubl tOfn.Hnkf, VINO draw on
their deposits with the hanks to secure
them, thus forcing a shifting OF loans
rho current relief from the subtreasury
Is believed to have about corne to an end
and should recovery In the price ensue
renewed demand for funds by the in
t"r'or. the New York money market would
again have to face the result of falling
reserves
There was a falling Off In the activity
IN the bond market and increasing irregIi-
Iarity. Total sales, par value, 81 500 600
United states refunding 2s and the old
AZ advanced IA per cent on the slst car
The Commercial Advertisers London
financial cabegram says: The markets here
were trregul ar and inactive today. except
IN the American, demand being discourage
by the way in. which settlement OF the
African and Chinese troubles is dragging
Americans opened weak here. fearing the
effects of Bryan's work in New York New
York rallied prices later. Paris was un-
settled, selling Spanish bonds and Rrazil-
ians rather heavily. The bank sold f42ODO
gold In French coin. 1t is understood that
French wool merchants are drawing
against recent heavy speculative purchases
of WOO! In Australia. There was n strong
demand today for gold; which is held It
rs 1li"d, but the supply is small 1t is
the general opinion here that the bank
minimum rate of discount will not be ad-
vanced tomorrow.
The following are the closing prices on
the New York Stock exchange: