The age-herald., 1900-11-22
PROFIT TAKING
 RULED THE MARKET Good Demand for Stocks in Face
 of Heavy Realizing. PRICES WERE IRREGULAR Selling Movement Showed it's Great est Force Towards Close of Ses- sion-Represented Workings of
 Speculative Boom.

New York, November 21.-To-days stock market represented nothing more than the routine progress of a speculative boom There was continuance of large and well distributed demand for stocks and there was very heavy selling to take prof its. The result was the same irregularity in price movement which has been more or less the rule ever since the present speculative period began. The proft-tak- ing to-day somewhat overbore the new buying or at all events the selling move ment showed It's greatest force towards the close of the session. so that the senti- mental effect In to-day's market was on than on previous days.
 A comparative measure of proft-taking on such days as yesterday and to-day is difficult to fix, but yesterdays trading was clearly calculated to influence an advance because the buying movement came late and overcame the earlier depression. That influence was clear this morning In the large buying orders which had come into commission houses over night for execu- tion. London also felt the influence and bought stocks in the American department on large scale. Assertions are made that the foreign speculative public Is showing a growing interest in American stocks, but the largest part of the foreign buying is attributed to the provision making against the options sold by foreign dealers before the election, large part of which are still to come due, with very heavy losses al- ready shown by the great advance in prices. Undoubtedly very large operations are conducted also In London on cabled instructions from New York. It was per- n hat hn arya af- forded by the large buying this morning should be taken advantage of to take prof its on the notable advance in prices of yes- terday. The first hour of the market was furiously active and remarkably steady, the demand being fed so freely as to pre- clude any sensational advances. But as an impression began to be made on prices, the selling pressure was relaxed, showing the careful nursing process of the power of the speculative leaders who are at the head of the present movement. Buying was then diverted to new points and under cover of the notable advance thus achieved the realizing was resumed. The day closed with the market somewhat overwhelmed with the volume of realizing, although there were some final rallies on short cov- ering. But last prices were near to the lowest. except In the stocks that had been especially strong.
 The demonstratlve publication of A bull ish interview by the prominent individual
 
 sion for much of the proft-taking
 Money continued easy and the sub treasury paid out $1,6OO,00O on account of assay office checks for gold deposited at Pacific coast points from Australia This swelled the total debt balance of the sub treasury at New York to s2, ,421 060 The undertone of the sterling exchange market continues firm in spite of some large buy ing of stocks for London account.
 The bond market showed well diStrb- uted strength on a large volume of deal- ings. Total sales par value, $3,S45. GOO. United States bonds were all unchanged on last call.
 New York, November 2l.--Money on call steady at 31s@4 per cent; last loan per cent prime mercantile paper 4GD5 per cent; sterling exchange easy, with actual busl. ness in bankers bills at $4S45s for demand and $4.S0BQ4.S1 for sixty days posted rates $4.S2@4 S51a; commercial bills S4. h@4. .SOs4 Silver certificates 64Q65c; bar silver 697sc; Mexican dollars 50Ac.
 Government bonds steady; state bonds steady; railroad bonds strong
 New York Stock Market.
 By Private Wire 10 Murphy & Col