The age-herald., 1900-10-18
THE STOCK MARKET TOOK ANOTHER TURN gl.-
  Futile Effort Made to Continue
 the Advance. BULLS TAKE THE OTHER SIDE A React.oaary Tendency Manifested Throughout the Day With the Close Heavy and at Bottom Prices
 The Features.
BULLS TAKE THE OTHER SIDE

New York, October H.-Some continued effort was made in professional quarters to advance the price of stocks today, but the bull forces were considerably depleted, and it was evident that the manipulation for the advance in some quarters was taken advantage of to realize in others. Yesterdays market fairly demonstrated that the outstanding short interest had been reduced to such proportions as 10 make their demand ineffective in continu- ing the advance in prices. Today it looked very much as though some of the impor- tant bull interest had taken early cogni- zance of this fact and had promptly taken their profits.
 Some of the recent influential bull opera tors had fairly reversed their position to- day and were openly large sellers of stock. There was sufficient show of strength in yesterdays market to attract a considera- ble accumulation of buying orders from outside sources this morning. In spite of opening recessions these buyings encour- aged the bulls to resume operations for the advance The sharp twist to the short interest in Peoples Gas was an influential factor in their favor. The definite an- nouncement that the Peoples and the Og- den companies had adjusted their differ ences and had come under control caused excited trading in Peoples Cas- Or ders were simultaneously executed at quo. tations running from 932l down to 93 on the sale of 3500 shares at the opening. The price was later run up an extreme 2A. Ow- ing to the amount of long stock which came out at that level the price fell back and the stock closed with a net gain of only 11k.
 There were some substantial gains in a number of less prominent stocks, and amongst them few net gains were saved on the day But the closing showed reactionary tendency throughout and was heavy in many stocks at the lowest of the day, and net losses was the rule.
 The expectation is pretty confident that next Saturdays bank statement will make a strong showing, but there is some re- current anxiety as to the future. A large part of the incoming gold imports are ac- cumulations picked up from different sources in the open market and the re- serves of the great banks abroad have not been encroached upon.
 In New York funds continue available for borrowing, but they continue mostly from loan and trust companies, who draw on their deposits with the banks to secure them, thus furnishing a shifting of loans. The current relief from the sub-treasury is believed to have about come to an end,
 
 ton induce renewed demand for funds from the interior, the New York money mar ket would again have to face the problem of falling reserves.
 There a falling off in the activity of the bond market and increased irregulari- ty. Total sales, par value, sl,500, ,000 United States refunding 2s and the old As ad- vanced Is per cent on the last call.
 New York, October T.-Money on cali firm at 9Q312 per cent; last loan at 3A per cent
 Prime mercantile paper, 596 per cent.
 Sterling exchange strong with actual business in bankers bills at SASHA for de- mand and $4S1 for 60 days
 Posted rates, $4. S11s and $4S56D4. .S51k.
 Commercial bills, $s0d4SO1A.
 Silver certificates 62a4d631Ac
 Bar silver, 63c.
 Mexican dollars, 49Hc.
 Government bonds strong.
 State bonds inactive.
 Railroad bonds irregular.