The age-herald., 1900-10-05
STOCK OPERATORS
 REALIZED PROFITS Was Natural Sequence of We'd
 nesday's ManipuIations.S TRADING WAS VERY ACTIVE Fluctuations in Price Were Small-Set' clement of Tin Plate Wage Scale Had Stimulating Influence @'. Gas and Sugar Feverish 
TRADING WAS VERY ACTIVE

New York, October 4.-Today's stock market had to undergo the stress of real izing profits which was the natural se- quence of yesterdays successful manipula- tion for the advance. The dimensions of the inward movement were sufficiently impressive to attract considerable de- mand outside for stocks and the hour of the market saw very active trading with very small fluctuations in prices after the opening, which was made higher to facili- tate the taking of profits. The general demand was judiously fed by the profess sional operators in order not to discourage the buying. but before the end of the hour an impression began to be made in the railroad list. Selling for London account was an additional factor toward depres- sion. When prices fell back to about last nights level the pressure was relaxed.
 The bulls then turned their attention to other quarters of the market bidding up prices actively wherever any signs of strength showed, in order to support the market and help on the realization. They found the best field for these operations in the steel and iron group. Various fac tors combined to give strength to these stocks. The final settlement of the tin plate wage scale was a stimulating influ- ence, not only in those stocks but through out the group The weekly summary of the Iron Age, while giving due weight to some continued unfavorable conditions reflected a tone of confidence over the com- ing years business as a whole, and inter- views with individual authorities were of the same tenor.
 The Tennessee Coal dividend episode gave the final f1llip to stocks in this group. As- Sertfons have been made with great bold ness and have been published that the dividend on this stock was sure to be re- duced or even passed at the meeting to- day When the news was published there fore that the regular quarterly dividend of 2 per cent had been declared a large short interest was badly caught and a violent recovery ensued. The first sale after the announcement was 23s over the preceding sale. The stock ran off again in the final dealings but closed with a net gain of 3&.
 Sugar and Peoples Gas were very fever ish all day as a consequence in the cut in refined sugars and the legal steps taken in the gas war in Chicago. Sugar has a small net gain and Peoples Gas a small net loss. With the exception of wide movements in some of the closely held dor mant stocks the railroads continued slug gish during the latter part of the day The local traction stocks were strong and showed evidence of manipulation.
 The bond market continued irregular and not very active. Total sales par value, $1,1S0,OOO. United States As declined 7s per cent. in the bid price.
 New York October 4-Money on call hrmer at 2QS per cent; last loan, 2A per cent.
 Prime mercantile paper 5Q5% per cent.
 Sterling exchange firmer with actual busi- ness in bankers bills at $4S5 for demand and at S4.S1A@4S1A for sixty days.
 Posted rates $4.S2@4.s .s2h and $4S6k.
 Commercial bills, $4.SG12d4S1
 Silver certificates, 641sQ65
 Bar silver, GA
 Mexican dollars, 50%.
 Government bonds easy.
 State bonds strong.