The age-herald., 1901-09-11
MONEY OUTLOOK
 MORE CHEERFUL Some UneaSineSs Was Reflect ed in the Stock Market THE MARKET ARTIFICIAL The Closing Was Heavy and the E~- trems Advances Were Much Cur
 tailed and In Some Cases
 Entirely Wiped Out.
E MARKET ARTIFICIAL

New York, Seutember 10,-There was some uneasness reflected in the stock market today over the money outlook, but 1t was resisted with degree of su2- cess and was offset by other factors the most notable and effective of which was the gratifying news of the continped inn provement of President Mckinley at Buff falo The market was palpably artliiciat to a degree, owing to the continued infiu- ence of the precautionary measures put in force after the attempted assassination of the President on Friday. These con- sisted of free buying on recessions with the sole purchase of stemming the tide of reaction and of the lending of money free ly to keep down the rate. While vigorous support was offered the market upon any signs of reaction 1t was also true that heavy offerings to realize met any ad- vance in prices. The consequence was constantly varying movement which gave the market an exceedingly irregular ap- pearance at all times. The closing was heavy and the extreme advances were much curtailed and in some cases entirely wiped out.
 Opinions differed widely as to the effects which would flow from the proposals of Secretary Gage for releasing government funds to the money market. It is the opinion that banking interests will be able to command a sufficient block of govern ment bonds for offer to the secretary on terms which he can accept to protect the money market from any real crisis. But 1t is to be remembered that the offer for redemption of government bonds at a price fixed near to the present market value which has been standing since last April has been responded to for some time past with only drlbble of small of- fers of insignificance on the money mar ket.
 The other part of the secretary's offer to increase government deposits, up to the par value of the government bonds left with the treasury as security, tend5 to increase the disposition to hold the bonds. and thus diminish the offerings. The increase of government account or internal revenue. which run rather less than a million dollars a day altogether While a possible offset Is Thus provided against. any stringency of money that would affect the commercial transactions of the country there Is some skepticism in the stock market whether the measure will insure borrowers on call who holc stock for specuia ton against the calling in of loans and forcing of liquidation to pay the loans,
 There was a hardening tendency or sterling exchange today; also with the rather easier rates for money here, ana inc prospects of additional supplies, which carried the inthnation that It must be a substantial need for money whicn will bring gold from abroad yet. Fay 1nents on account of gold deposited at San francisco and Seattle to the amount or s7Ss. .sa5 were made at the sub-treasury today. while s150,o0 was deposited tor transfer to New Orleans. An early rumor of an extra dividend on St. Paul this week and later one of a settlement or tne steel strike were used with effect to sup hort the market the stocks most immed- lately affected leading the advance on each occasion The Pacifics. AmalSa- mated Copper and a-number Of the 1unlor Vanderbilts and minor railroad stocKs were also advanced sharply
 Railroad bonds were only mooerateiy active and firm Total sales, par value. Sl. . s4o no0 United States 2s and the new es advanced F per cent each on the last call.
 Few York Gotten Futures.
 ,,. x,,,,,ota Wire to IT. D. Cothran & Co