The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-17
MORE outside INTEREST
The Market Somewhat Relieved of
Its Professional Tone.
LnrEc offerings of Stocks Readily
Is Not Marked by the Sensational
Advances of Monday Great Ac-
tivity in the Railroad Shares.

NEW YORK. Oct. 16.--what was true
of yesterdays market applied equally to
today's dealings. namely. that they could
be most clearly comprehended by being
considered upon purely technical lines.
1t was plain that outside interest had
increased tremendously. that profit-real
izing sales were in immense volume. and
in the short account.
The increase in outside interest was
manifested in the readiness with which
the huge offerings of stocks were absorb
ed and the contraction in the short ac-
count was disclosed in the absence of any
dealings yesterday. That there should
have been a general disposition to realize
profits after yesterdays extraordinary ad-
vances is by no means remarkable, par
ticulariy in view of the fact that not
withs.anding the increased public inter
est in the market, the trading is still
largely professional.
AS was the case yesterday also. there
was little or nothing novel to be instance
ed in connection with the revival of ac-
tive dealings in the stock market. The
considerations that were effective yester-
day, namely, the views prevailing in re-
gard to the Presidential campaign and
the monetary outlook. were again the
dominant influences in the speculation.
The advent here today Of the Democratic
candidate for the Presidency was, of
course. subject of discussion.
The more confident feeling in relation
to the monetary outlook was strengthen
ed by the announcement of additional
large engagements of gold for import.
somewhat contrary to expectations. The
foreign exchange market, after a slight
further recovery, became easier and there
was no actual change in money market
conditions.
In view of the technical phases of the
days dealings the market presented a
somewhat more irregular appearance than
IL had yesterday. Price movements were
by no means so uniform. While the under
living tone of the market was one OF pro-
nounced strength, the trading was marked
by a number of general reactions, and in
some quarters positive weakness prevail
ed Throughout the day. Conspicuously firm
features of the market were the Atchisons.
Union Pacific. Louisville and Nashville,
Southern Railway preferred. Norfolk and
Western. and Baltimore and Ohio. Even
fly Of movement already referred to was
apparent also. The price movements in
the granger shares and the other higher
priced issues were limited and irregular.
Sugar Refining. American Smelling. Ma
tional Tube, and the Tobacco stocks were
firm features of the industrial quarter.
but otherwise that department of the
market was somewhat reactionary. The
local traction group was generally firm,
particularly for Manhattan, but the ir-
regularity of movement which character
lied the general market was not missing
from that quarter either.
In fact. the days dealings at large
might be regarded as a natural sequel &c
those of Saturday and yesterday. Foreign
houses traded actively in the local market
ard with the course of the morning they
sold rather heavily, disposing on balance
of some 10000 shares.