| Show REACTION IS IN FULL FORCE FORGE 4 Continued Selling of Stocke in inWall inWall Wall Wal Street Street PRIDES PRICES PR 10 EST TUMBLING U M B I N GAG AGAIN A IN INI 4 I ROCK BoC OCK ISLAND ISLAN HEADS DOWN DOWNWARD DOWNWARD WARD WAD PROCESSION I New York Aug 20 C There was more mOll I selling sIng of stocks this title morning of the same character ch as that of yesterday and little resistance was offered Prices Price in conse consequence quence declined d easily during the morning and effective inroads were made upon the sharp advances from rom the low level of or the theyer year yer which had been achieved last week The Tue reaction has ha run to about G 6 points In Rock Rok Island and Amalgamated which were the late leaders leader of o the upward move movement movement ment and which have have In turn led tIle the downward movement The very verr large I volume of the trading In Rock Island at J L the top level causes cam es a belief bUe that a large I distribution of stock was effected by in insiders insiders I I siders at that level Ie vel and has given rise to the supposition in some ome quarters that the general market was under manipulation tion ton to facilitate this operation There was no sign any an longer of or the powerful support and resistance to decline which helped the market upwards in the first I stages of the recovery laTI This was n accepted te teb by b the purely speculative P 1 contingent t as s an intimation r that t the tho great banking institutions and In capitalists do not favor a further urther advance In prices pries nor an active acUe specula speculation speculation ton tion at this time There is an tion ton In consequence that a 1 period of dull ress and sluggish 1 fluctuation lies les before the market markt The rate rat at which the th re rc recovery covery Covery was proceeding and the extent o tent of o othe the speculative which were being beinE made madE seemed to arouse arom apprehensions siong fiODI of 1 renewed entanglements which the coming comins requirements upon the money mone market mark t night hight make hazardous hazard OUR Special significance sl was attached to the th decrease of 24 In Amalgamated Copper ropper of 2 In St Paul and 4 points point In Consolidated Gas owing to tn the popular conception in inWall inWall Wall street that the th course of these par nar stocks represents the th attitude of or I Standard Standart Oil 01 capitalists In the market mart and andon andon andon on the thE financial situation The money mone situation is carefully watched from day dav da to day da for the develop development development development ment of the interior demand for currency currenCy Shipments Shipment to the Interior have hae been on a larger lar er scale this week than last and the balance may mav ma turn against New Jev York at Atan any an time Call Cal loan rates continue very ry ryes easy es but the time money mone market is hard hardening hardening hardening ening ening The rhe banks point out t that tat jat It Is their to conserve their resources for regular commercial needs and the th quoted rates represent the terms for those purposes purposes Rates otherwise are area a matter mater of private exchange The stock market contingent is still sti inclined to dis disappointment disappointment appointment over the doubt douht expressed as asto asto asto to currency legislation at the coming ses sea sinn of or congress congre The days movement In the grain and cotton coton markets were to stocks the decline in prices price there indicating Im Ira improved proved chances chanc hancs s for the tho crops The tone of sentiment In the Iron trade was more cheerful today reports report indicating that the th downward course ourse of prices has caused CRUSe some increased demand deman l at last The at attendance Attendance attendance at the stock stOk exchange was re reduced reduced bv by Q visits visit to the th yacht races and n l lafter after the th race was under way wa the Inter Interest i est eat et on op tIlt the floor foor was largely diverted to the th 01 bulletins bule ln of or the race With the de do crease creaso In the activity of o th the market a alarce al large larce l short interest was wa w left Ifft which showed shoed gathering concern as the thela dav la progressed Prices recovered steadily and Rd on small sal and closed firm firmat firmat at about the best of o the day da Net pains gains of a or more nr by a num number her ber h ra of orol the cf and ana 1 trunk lines 1 Atch Atchison J Atchison fc ison rising two over last ast night Bonds wore Irregular Irr ular anti and turned he after aCer the Total sales par pr value v luf 1 O United States bonds were all aU unchanged on the tho last call cal |
