Show WEEK IN FINANCE Speculative tive Market Has Conservative Tendency New York Nov 2 Bradstreets fin financial ancial review tomorrow will say sayAs sayAs As Allf the presidential election draws near the speculative stock market has become more sensitive to the uncertainties uncertainties which it involves The up upward upward ward vard movement of prices which was the feature of the preceding fortnight and which was in effect a discounting at f the expected result has been checked by the general disposition to take profits or to reduce commitments in the market markeL The hardening of money rates oyer the election has also al o con conservatism conservatism on the part of the commis commission sion houses and the tendency in such su h quarters is 15 to have customers restrict transactions for foe the moment It is Isal also al o noted that throughout the street the disposition has been to call for I much larger margins and to otherwise prepare for any emergency The mar market ket thus 8 seems to have h aye placed itself in I position to await the outcome in a calm Wy WILY and it is also noted that hat the tie realizing by people who bought early in the recent rise has not resulted in Inn any n material decline Large interests and bull bun pools have not made them themselves themselves themselves selves prominent or given much open support to the various prominent stocks Professionals in fact have he shown an inclination to hold off and the trading element among them were nearly ready to act on the bear side It is noticed however that at any concessions conce sion in prices good have ha v been readily absorbed by outside buy buyers I ers era n This was especially the case with the high hl n grade dividend payers though I it extended to other stocks as well and represented a considerable extent the outright purchase of securities to take them entirely out of the market This process was sufficiently well marked to afford support to prices at the decline and to check the tendency of the room I to Indulge in short sales It would also seem to result from the general feeling in stock market circles that in Ia the event of a satisfactory victory for the sound money cause the market would be likely to broaden and advance The foreign markets were dull and heavy this week and London did little here being a seller on balance |