New-York tribune., 1900-10-19
sEx dividend
BONDS
THE DAYS OPERATIONS IN STOCKS.

Stock market trading active IN the great
er part Of the day irregular movement Of
values Final figures, however, were generally
above Wednesdays last quotations, higher
prices being made In the face of heavy specula-
tive selling. Many operators are taking profits
on stocks that were bought several points under
the current level, while there are other opera
tors who taking profits on stocks bought
ar the low prices Of the year. This selling rep
resents the attitude of careful spectators who
secure their winnings as soon as they appear
without waiting for the expected enormous
profits that tipsters predict. In a measure, cur
rent selling also reflects the unwllingness Of
certain operators to carry stocks over the cleo
ton Few if any Wall Street spectators be
lieve that Bryan will be elected. Yet there are
some traders who prefer to have their money in
hand in the event of the unexpected. 1t is well
10 note, however, that stocks are not passing
10 weak hands. and that the sales of specula-
tive interests going into the boxes of indi-
viduals and corporations. The so-called public
as represented in the one hundred and two hun
dred share orders through commission houses, is
in the market TO some extent. but the chief buy
ing so far has been for the account Of people
with large financial resources; for people who
are convinced that President Mckinley will be
reelected and that stocks bought at ruling
prices will show handsome profits in the course
Of a few months
Speculation in the last few days has doubtless
Increased the amount of weak holdings in the
market while II has eliminated a big short in
terest. Vigorous selling and manipulation might
bring about lower prices. but the volume of
weak holdings in the market is not thought TO
be large enough TO drag prices down TO note
worthy degree There may be enough technical
weakness in the market to encourage bear at
tscks but it is interesting to note that despite
heavy selling by Mr.. Keene. Mr.. wormser and
other prominent spectators. the general level
Of values has not been injured while sales have
been absorbed by a good class of buyers In
vestment buyers and interests who are operat-
ing for a long pull have, perhaps secured about
al the stocks they care to carry. If their sup
port Is withdrawn the small fry that has been
buying IN the last few DAYS may prove easv
prey for the big spectators and traders VINO
are now evidently in favor of cheaper values
At the moment the outsider may as we'll stay
out. Prices have enjoyed considerable advance
The better class Of buyers viii continue to
take stocks indefinitely, and where traders have
the chance they certainly will hammer values.
Gold import engagements have ceased. owing
TO the advance IN sterling rates this centre
The first receipts Of the metal from abroad were
recorded yesterday, and II is expected that by
the time the entire amount engaged arrives in
New-Hork bank holdings VIII longer be IN
danger or depletion account of the interior
demand for funds So far this week shipments
TO the South and West have been light while
on Sub-TreasUry operations the banks have
gained round amount Of cash. The Bank of
count rate at the weekly meeting yesterday
and local rates showed somewhat easier tend
ency- The stock market exhibited pronounced
strength in the afternoon.