Show i 1 SPECULATORS U RS H INre IN M C K E q J JK K Money Lenders Will Not Let Go Goof Goof of Funds NARROWLY ESCAPED PANIC 4 NO DISPOSITION TO TEMPT PATE FATE AT PRESENT PRESENTS i S 4 New York Oct 2 There was wu Increasing tendency to dullness In the stock market today and the conditions became m semi stagnant at times There was obvious readiness backed by powerful resources to support the market at any indication of or a break In la prices such as occurred at atthe atthe atthe the opening but there was WIlS an equally eq allY obvious disposition to keep advances I within moderate limits and not induce any MY MYr renewed r outbreak of ot extensive liquida liquidation I lion tion The adoption of this policy In stock market operations by well equipped forces served to reinforce the admonishing pol icy of or the tho banks and restrict the spec employment of funds until after the money mone outlook has cleared up entire ly Iy The desire to await the result of ot to tomorrows morrows conference of coal operators and miners representatives with President Roosevelt was also a restraining influence influence ence on speculation As a a eona speculation flattened out almost corn com completely e m and this development was re regarded ra regarded with genuine relief and tion U n by the disposition in the financial world It was u because of the relief retter offered to the money market by Secretary Shaws proclamation that a panic was averted that had bad promised to ta become dangerous and the determination is manifest not notto notto notto to allow th the resources thus provided to be prodigally used for tor the purpose of ot re to renewed speculative Inflation of securities There are various developments to show also that there thero are abundant require ments upon u on New York money resources yet to be met and that some of ot the pos pea possible p s sible sources of ot relief have been shut abut off oft for or the present by the possession of ot the additional facilities offered by the there re Xe lease of ot reserves against government de deposits ded deo deposits posits o advance an in the e Bank of d minimum r r premium e u discount u f frate rate and the weekly exhibit of that In Institution Institution and of ot the Bank of ot France are clear indications that no gold Is likely to be spared by either of those tion at present for tor shipment to New York lork Sterling exchange advanced sharp ly here and a later decline was due pure purt purey ly Iy y to the fact of the postponement of the sailing of or tomorrows steamship for tor Liverpool The loss In gold by the Bank of ot England En land this week reached over and that of the Bank of France some Such movement as there was today in the market was confined to a few stocks The advance in Norfolk Western on expectation of ot an Increased dividend caused a sympathetic response In the Pennsylvania Penn group and a rise in Colorado Fuel 1 uel was ostensibly based on the decree of ot the Colorado court providing for the holding of the annual election Some of the Independent steel stocks fol tel lowed towed this movement The few tew gains were much curtailed and last blat Iii at prices showed mixed net changes J The Tho course of the bond market was halting baiting and Irregular Total sales 33 3 OO United States new declined 4 per percent percent percent cent on a the last call |