The age-herald., 1901-11-16
BEARS TRYTO MAKE STOCKS GO DOWN Urgent Selling to Realize Pro-
 fits is Ended HEAVY TRADING IN READING London Is Not Uneasy Over the sut- fleiency of Its Present Money
 Resourees-Bonds
 Active.

New York, November 15-There was some further effort on the part of pro fessional bears during the early hours or today's stock market to renew the de cline in prices. which was in force yes terday, but the evidence was pretty con- elusive that the urgent selling to realize profits was completed and the bears re- newed the covering of shorts which was a feature of the late hour of yesterday s market. The demand to cover short contracts was a considerable factor all day in the strength of the market, but there were evidences here and there of a renewal of speculation for rise, or of buying of a substantial character for reasons not disclosed. This was notably true in the local traction group Metro politan Street Railway rising 5H. Man haitian 27s and Brooklyn Transit I5s.
 The buying of the Reading stocks was on a large scale and caused sympathetic strength in some of the other coalers. The copper stocks made strong recoveries to the accompaniment of reports of i'm proving conditions in the trade. The Amalgamated Copper list was lifted over points and Anaconda 1ss There was also an advance of SA in American Smelling and of 2h in the preferred. The Pacific coast stocks made notable recoveries from recent heavy declines, and there were points of decided strength among the Southwesterns. The more cheerful prospect in the money market was the dominant influence in the re covery of stocks. The fact that no gold was engaged for export to London to- morrow relieved an apprehension on that score, a further lowering in the buying price of gold from London this morning and the easier tone of the London money market wiping out the margin of the profit on the transaction.
 It is evident that London is not uneasy over the sufficiency of its present money resources so long as Paris refrains from withdrawing credits. The belief still pre- Vails that further gold will go from New " ork to Paris next week, although there is relaxation of pressure at that point for gold reflected in the advance in ster- ling exchange today of a full centime in the pound sterling. The higher rate for money in New York is also a deterrent Influence. But foreign exchange in New York continues very strong both for sterling and Paris cheques. Judged by Sou"5 D PISiu1iilldTy 0SIn1aIeS the heaNN gold exports by Thursdays steamer have been more than offset by receipts from other sources so that the banks are like ly to show cash gain in tomorrow'st statement. Up to Thursday night the banks had lost to the sub-treasury, in c1uding the payments for the gold ex- ports. $S49000, and this did not include the credit to the banks on account of ves- terday's government bond redemption which involved the payment by the sub treasury of about a million dollars. By the regular express movement to the in terior the banks have gained on balance about million and a half dollars. fhe receipts for the week increasing to ahau+ double those of the last week. while the shipments were considerably less The loan item of the banks remains to be reckoned with. The market closed firm at considerable net gains scattered through the list.
 The railroad bond market was rnoder- ately active and irregular in it's changes , Total sales, par value, g. z5a, 0o0 United States bonds were all unchanged on the last call.