The age-herald., 1900-09-18
EXPECTED BREAK
 FAILED TO OCCUR Stock Market Rallied After Sat
 urday'S Decline. SHORTS QUICKLY COVERED Bulls Attempted to Retrieve Lost Ground, But Selling Stopped the
 Movement-Close Dull and
 Easy Money and Bonds

New York, September 17.-The expected break in prices of stocks failed to occur today. There were considerable selling orders at the opening as never fails to happen after such a break in prices as that of Saturday, but the friends of various stocks had placed supplanting orders in the market and their buying was sufficient to absorb the offerings The professional holders who had sold short on Saturday were not slow to detect the evidences of support and they hastened to cover and take their profits. Buying from this source was a material factor in the re- covery.
 Seeing the tendency of things, the bull leaders who had to retreat last week, at tempted to retrieve their lost ground by bidding up prices. The pressure to sell at the advance stopped this movement, how ever, and the market fell back into it's recent condition of lethargy and downward course, but again drifting upward
 Prices in practically all important stocks were very near Saturdays level at the close, which was dull and easy. Among the professional traders who still control large proportion of the operations, an inn portant influence was exerted by the bullish opinions expressed by James K.
 
 Keene's views were the more influential, inasmuch as the Saturday gossip on the stock exchange had attributed a selling order of 15000 shares of various stocks to his account. The smaller traders who fol- lowed this lead had nothing to do but to cover their short contracts this morning. The relative firmneSS of the coal carry ing stocks even before the general upward movement and the positive strength de- veloped later served to detract somewhat tho of thn ch of a coal mines.
 Uneasiness was less acute over the money market, and more account was taken of the fact that last weeks outward movement of currency was again normal, by reason of the large relief funds trans ferred to Texas Greater confidence was felt in the ability of the money market to meet the requirements of the German loan subscriptions and more attention is paid to the larger view of operation as an in- dcation of the growing power and the im- portance of the country's financial posi- tion.
 The export movement of merchandise continues heavy, thus constantly making exchange to meet the obligations incurred to meet the subscriptions of the loan. Large floating loans are coming due in the Berlin market to American lenders and will be available by a bookkeeping opera tion to pay installments on the loan.
 The fear is expressed in London that the
  man government by order for gold on London, the supply of sterling exchange in New York not being large enough, it is believed, to allow such an operation. This possibility was a depressing factor in the London stock market, as Berlin would not be expected to be so lenent a creditor as America in consequence of owing the money in Berlin. From any standpoint America being the creditor in the opera tion would exercise large control of the situation. The possible line in which re- lief would be sought is indicated by last weeks resale of the certificates for British eXchequer bonds to London which was made by the American subscribers and which helped to frustrate the plan of the underwriting syndicate to ship gold to London.
 The bond market continued irregular Total sales par value $S3o,oOO.
 United State refunding 2s when issued the old As and 5's advanced Ac and new As 12 per cent in the bid price.
 New York, Sept 17.-Close-Money on call steady at 112 per cent. Prime mercantile pa- per 4@5A per cent. Sterling exchange firm, With actual business in bankers bills at SfS6&d4S67s for demand and $4. SEA- for 60 days. Posted rates A.S494. .S4hs and S4 S71h6D 4S8 Commercial bills $4.S2A@4. .S2% Silver certificates 62%@63A. Bar silver 625s Mexi- can dollars 49A.
 Government bonds strong, State bonds in- active, railroad bonds irregular
 (By Private Wire to Murphv 6 CoN