Show LITTLE CHANGE I I IStock CONDITIONS IN Stock Market M Started Out With Higher Highel Prices GAINS DID NOT CONTINUE RISE IN MONEY RATES IS STILL EXPECTED New York Sept isAs 13 As a fl reflection of ot any fixed conviction on the pros prospect prospect poet of values stock market was vas not of ot much use The fluctuations were constant and never far in one direction In the stock which moved most notably the action sug suggested suggested suggested professional operation for man manipulative manipulative purposes which de developed developed developed first were not continued the stocks affected aff being left to them themselves themselves themselves selves in the later dealings while at attention attention was turned to new points The Time of gold yesterday for shipment to New York continued Its Us good effect eff ct on sentiment but the more urgent demand Lot for stocks which it stimulated yesterday was evidently from uncovered shorts and with the satisfaction of this demand d mand trading to today today today day became languid and indifferent Such operations oper as were aone done seemed to be for the purpose of nursing the market and guarding against a recur recurrence rence tence of weakness Commission house business was reported re to be of insignificant insignificant insignificant volume The perception grew that the relinquishment of gold from foreign centers while it might constitute tute a resource against a severe damage from money mone stringency in the New N w York market was by no means to provide a redundancy of funds such as an might stimulate an un unrivaled unrivaled rivaled speculation Whatever may mar be New Yorks ability to draw on foreign money markets it is believed that a It period of considerably higher rates for money is still sUll inevitable between now and the period when the movement of the crops is completed The govern governments governments governments ments figures of domestic exports for forA August A gust throw considerable light on the command of foreign credits established established established the exports of cotton amount amounting amountIng amounting ing to bales as compared with in August of last year As the comparative price of cotton between the two periods has become adjusted almost to an equality the increase in value for this years export has in increased increased increased creased over With the increase in value of bread breadstuffs stuffs principally due to the outgo of corn and of If f provisions added the in increase increase increase crease in value of ot exports for last year vear vearIs Is raised to It is known also that some large payments have been made for tor railroad securities s trans transferred transferred transferred from the hands o of local syndi syndicate syndicate cate holders to foreign purchasers It Itis Itis ItIs is evident therefore that heavy ob oh obligations are due to this center from foreign markets Sterling exchange steadied here and the suggestion found credence though the exchange bills were being purchased ap ag n w n t for the remittance of Japanese Javanese f ads on de deposit deposit deposit I posit hero to London the process which has developed of late whenever has hilS developed of ot late whenever ex cx exchange change rates went to a profitable level for far that operation It was generally expected as well that the Bank of England would make a I further her advance in its official dis discount disI I count rate session of the governors in order to interpret a fur further furtner further ther obstacle to the loss of gold goltl by Lon London Loni London i don Meantime the con continued conI continued I its large iare inroad on New York bank reserves reserves the absorption reached since last bank statement rising to over Copper fell feU easily fn iii h London and was Vas marked m down dawn a frac Hon tion on the pound here The Tho character of the days advances s In stocks st awak awakened cued ened They were alleviated during d the latter part of the day and andin andin in lit the final hour prices fell feU below last night throughout The closing was easy Bonds were irregular Total sales sal s par value United States declined ii i while the old advanced and the new on call |