The age-herald., 1901-09-10
SMALL NUMBER
 OF SHARES SOLD. Indicates a Subsistence of Ner- yOusneSS at First Felt PRICES ARE AGAIN BU0YANT Steps Taken By Certain Financiers to Protect the Market Is Responsi- ble for the Lack of Feverish-
 ness In the Market.
PRICES ARE AGAIN BUOYANT

New York, September s,-The number of shares of stock sold on the stock ex- change during the five hours of todays session was no greater than was sold during the two hours of Saturdays ses- sion. This fact in itself would be indica- tive of a marked subsistence of the nerv- ousness and feverishness which peryaded the stock market on Saturday, but the table of recoveries In prices which re- suited from the days trading makes a really remarkable showing for the recu- perative power of the market. The con- fident of the Presidents physicians and friends that he is on the way to safe re- covery from his wounds was of course the primative cause of the buoyant re- bound in pric1s.
 The effect was shown not only in New York but in all the great security mar kets of the world. The secondary cause was the comprehensive and effective measures concerted for the protection and support of the market by the clear ing house banks and great financiers of the metropolis. The effect of these meas ures was seen In the success with which the call money rate was repressed to 6 per cent level
 Just what the measures taken were was not disclosed, but the large sums of money in the hands of the principal money broker on the floor of the Stock Exchange to place in call loans at per cent; suggested that money was being supplied by a powerful syndicate for the purpose. The clearing house commit- tee was conveniently at hand all day to take any action that might be demanded by an emergency, but there was no for nal session of the committee and no steps were taken by them until after the close of the stock market when dis patch was sent to Secretary Gage advis- ing him of the committees view that some action by the Treasury Depart ment was incumbent for the relief of the money situation.
 The special circumstances which make the operations of the Treasury Depart ment embarrassing to the market have been too often stated to need special de- scription here. The enlarged surplus in the government reserve without corre- spending decrease in the income Is taken daily as a stable sign in the open mar ket and large numbers of houses find no embarrassment whatever The tension of the demand for money here was shown also by the decline in exchange on other points Both sterling and continental exchange fell sharply, causing renewed talk of engagements of gold for import, but none were announced. Chicago ex- change on New York also rose to with ing 10 cents of par, but s250,000 was de- posted. at the sub-treasury for Chicago rand S250,000 for New Orleans In view of these considerations the collapse in the money rate late in the day is less con- yincing than 1t would otherwise be- Its occurrence after the demand for the day had been largely satisfied might have been due; to manipulation. The market closed strong at near the top, net gains for the principal active stocks running from two to four points and for St. Paul six and quarter. Thus a large part of Saturdays losses were retrieved
 Railroad bonds showed recoveres also, but In much smaller degree than in stocks, Total sales. par value. s2, .OO0 United States bonds were unchanged on the last call.
 2; Few York Cotton Futures.
 By Private Wire to H. D. Cothran A "a