The age-herald., 1901-09-12
] STOCK MARKET
 OVER ITS FRIGHT Organized Protection by Finan-
 cierS Stays the Crisis SOME SELLING TO REALIZE While the Market Has Resumed Its Even Tenor, All Attention Is Di.
 rected to ouieting Foreign houses-sterIng Steady.
SOME SELLING TO REALIZE

New York, September 1.-The organ ized protection of the market by the con- cert of the financial powers was still in evidence to some extent today. There was much realizing ou all advances by this element of holdings acquired on Saf- urday and early this week in the further ance of the purpose to support the mar ket. This realizing was accomplished probably on a demand from uncovered shorts, as there was no evidence of an outside interest in the market or of a disposition to accumulate stocks by large banking interests. The position of the market Is thus restored approximately to that which obtained berore the attempt on the Presidents life on Friday after noon. The purpose to protect the market on the part of combined capitalists Is not changed apparently, but there was not the same effort shown to advance prices or invite speculation. This is the natural outgrowth of the relief by selling to real ize that has already been accomplished this week and of the desire to protect the money market from any inroads In the shape of loans for speculative purposes The relapse of the market into dullness and the heaviness shown today can prob ably be adequately accounted for on these grounds. There aIso were some factors of positive effect toward depres- sion. The reopening of the Presidents wound last night, which occasioned no actual uneasiness here, seems to have affected sentiment in London, and sales here for London account had to be taken care of on considerable scale for the first time in many months The contra diotion of last nights rumors of the steel strike settlement resulted in a reaction of the United States Steel stocks, and the annual report of the Republic Iron and Steel Company did not make an encour- aging show of conditions resulting from the years business. Then the govern ment crop reports showed poorer con- dition of corn than anticipated, some speculators having looked for improve ment over the August 1 condition. There were significant advances in the bid price of government bonds, which carried the prices of all the government bonds, ex- cept the short fours 4 to 11 per cent over the prices ruling before the secre- tary's order Expectation Is not san guine, in view of the quieter state of the money market and the securities market, that bonds to the full amount of $20.- 00OO00,- invited by the secretary will be offered before the limit expires tomorrow afternoon at prices which will be accept ed by the secretary. Sterling exchange also remained fairly steady today in spite of the buying of stocks here for London account and lowering of discount rates in London. Exchange on Paris showed a yielding tendency.
 - Railroad bonds were dull and irregular. Total sales, par value, $1,7S5000.
 j. United States 3s advanced h the 2's and 46s A and the new As per cent on the lastoeall.
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 ], l.s Few York Cotton Futurea.
 x,, private Wire to H ID. Cothran 4 Go