The age-herald., 1900-09-22
BETTER FEELING IN
 THE STOCK MARKET Prices Recovered Somewhat After
 Further Liquidation. LONDON AGAIN A FACTOR = Professional Operators Attacked the Specialties With Some Success
 General Conditions Are More Hopeful Bond Market 
LONDON AGAIN A FACTOR

New York, September H.-There was con- siderable further liquidation in today's stock market; but prices showed some re- sistance all day, and in the later trading there was quite general recoveries on the early losses and small net gains are the rule. The recovery did not, however, bring prices full up to the opening level. Buying by arbitrage brokers when the market opened here was responsible for the ad- vance, and the buying for London account was estimated at close to 2OOO shares.
 The professional operators in New York seemed suspicious of the rise in London and of the high opening made in some of the specialties, notably Sugar and Brook lyn Transit. They therefore sold these stocks with assurance at the high level. Yesterdays rather violent decline had the inevitable effect of attracting considerable selling orders from outside parties. Prices therefore yielded very generally after the opening and declines ranging from 1 to 11A points were effected in a large list of stocks.
 Considering the range of this movement, the days final changes will be found sur prisingly small, a consummation which suggests general closing up of speculative accounts. That the shorts were buyers on a large scale was palpable. and the circu- aation of the favorite canard of the Presi- dents death went to show that the bears are hard-pressed. The forecast of an un- Favorable bank account, the developments in the miners strike and the report that an agreement between steel operators and their employees seemed improbable did not appear to weaken the market, as they had been discounted by yesterdays selling.
 The report of the weeks currency move ment indicated loss in cash by the banks of $6,OOO,Oo0 or upward of million more than last week. This showing disposes of the supposition that last weeks movement was made abnormal by the movement of the relief fund to Galveston A further loan expansion is counted upon with con fdence in view of the large remittance known to have been made on account of the German loan payment, which is certain to be reflected in the loan item of the banks. There is every probability, there fore, of further substantial inroad upon the surplus reserve. In the natural re- bound from yesterdays depression even this factor was changed from its influence or yesterday to one of some encouragement as indicating the high level of activity of business which continues in the country at large. In the same spirit 1t was argued that the flow of American capital into for eign government securities is likely to aid the country'S export trade. In view of the fact that our needs for foreign merchant disc continue less than foreigners needs for ours, foreign demand for our products would have to find some limit, If this do- mesuc demand for foreign securities did not offer an offset
 Bonds continued reactionary and did not rally with stocks. Total sales, par value tai RtS md .1a cined A per cent. in the bid price.
 New York, September H.-Money on call steady at 1a4q2 per cent. Prime mercantile paper 41s@5R per cent Sterling exchange easier, with actual business in bankers bills at $4.S62i04. S6B for demand Commer- cial bills S4.S2A@4.S2A
 Silver certificates 62%@63%c; bar silver 62ssc; Mexican dollars 494c.
 Government bonds weak; state bonds in- active; railroad bonds weak
 By Private Wire to Murphy & Col