New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-31
enlisted.
Closing prices Yesterday of active bonds dealt
STOCK MARKET OPERATIONS.
with net changes. follow:

@AA~>~~~~~
Transactions in yesterdays stock market were
moderately heavy movement OF values
that generally tended in the direction OF higher
prices While there indications OF ac-
tivity on the part of the public, no desire by
conservative operators to accumulate securities
and no suggestion that the leading banking in
terests had changed their views on the specula-
tive situation. professional traders appeared
anxious to cover their commitments on the
short side of the market. and as consequence
quotations were favorably affected in the five
hours Of business. The bullishness Of the specu-
lative community, that is, among the pools that
are heavily loaded with securities. which the
public refuses to buy. was based on the some
what better feeling in the foreign markets, but
this sentiment failed to attract outside interest
IN speculation although number of shares
were advanced from ! to per cent, the great
est improvement in the active list being re
ported by American Locomotive, American
Smelling Canadian Pacific, st. Paul, Reading
and Tennessee Coal and Iron. Although in the
early part Of the business day there was better
feeling in the foreign markets among specu-
lators and investors, the close of the London.
Berlin and Paris exchanges did not encourage the
idea that there is any great confidence abroad
over the ability OF NJ. White to bring about re-
forms that Will insure permanent peace in the
Russian Empire.
In Paris the closing prices were weak, in Ber-
lin they were fairly firm while in London they
were somewhat unsettled There was no dis
turbance in the London money market and no
indication in Paris that increased uneasness
had developed over the position of affairs in
Russia. Foreign houses bought stocks in the
local market, and this fact. in connection with
the absence of disturbance in the foreign mar
kets naturally induced bullshness at this cen
tre despite the fact that call money rates were
higher. Early strength in stocks was well main
tanned IN the afternoon trading with final fig
ures at about the best prices of the day. al
though the character of the business was not at
all ouragng for the people who are advanc-
ing the theory that the public is anxious to buy
securities at present prices. AS matter of fact
the ,,ublic is showing complete Indifference to
the stock market and the frantic efforts of the
big Individual spectators and pools of the Wall
Street community to make outsiders believe that
the time is ripe for the purchase of stocks fail
to influence the public mind. Prices for Sc
curities in the greater number of cases are high
enough There are times when conservatism and
caution are apt to develop greater profits in the
Wall Street market than bull enthusiasm.
for higher prices in securities will be attended
with danger.
The advance in the rate for call money tended
to depress sterling exchange quotations. but it
was not considered probable that the heaviness
would endure for any length of time, owing TO
the probability that money will not rule at
stiff level in November. 1t is not unlikely that
in December money will again reach "a high
range while in the mean while it is almost GER
tain that gold will be shipped from this side Of
the Atlantic. Higher money rates yesterday rep
resented the operations incident to the prepara-
tions for meeting the November interest and
dividend disbursements and demand for
funds for Chicago account In London money
was in good demand while the price of bar gold
advanced. owing to a renewal of the demand
from Paris for the precious metal. Money mar
ket conditions the world most interest
ing at the present time, and ii is quite proba BILE
that IN the balance of the year there will be
many developments that Will have influential
effect the price of securities in all the leading
financial centres of this country and Europe