The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-18
STOCK MARX ct {:
WAS VERY { 3 Dull
But There Was an Unmlstakable I'm.
dertone Of Strength.
REPORTS OF BRITISH SUCCESS.
Made tho Market Strong, Though the
Upward Course OF Sterling Ex-
change Served 10 Ncutralize
This Influence.
REPORTS OF BRITISH SUCCESS

NEW YORK. Jan. 1.-THE stock mar.
,ket continued dull and without much lie,
but there was an unmistakable undertone
@! strength and the character oil Inc
small tlIyifle demand showed a substan-
;ial Improvement Dealings in the hishly
speculative industrials still predominatcd,
but The proportions of the dealings N
them We're not excessive.
There was a notable movement IN me
Leather stocks early in the day, but II
was not sustained Third-ANenue suffered
a. violent decline of GA points, but recoV,
cred :s14. Otherwise the group manifested
strength under the influence OF the COW
cl,ins by the outstanding short interest,";
who were influenced by The Senefai
strength of the market
Reports of military success by me Dill,
ISL made the market strong. Upward
course of sterling exchange and eXchanse
on Paris served somewhat to neutrallze
this influence. in spite of the cont!nueo
fsli of the English discount rate
The decided Improvement in the buFlhS
q railroads WAS continuous III the sranS-
e.-s and Baltimore and ONO. though me
saLt-cr stock met free offerings TO reailIe.
The railway list vas benefited by TINS
strength St Pauls statement for the
week encouraged buying. in view olSihe
sS11 ,.J5 increase over last years earn
tngs. which, in turn had been greater
'hsn the year before by Sli1,s;l;' The
supplementary report Of the 1iaitl'hore
and Ohio for the six months ending DC
:te,nber 81. 1899, was an influence OIL
strength, with its estimate OF a surplus
over interest and rentals for that perloo
of $500, SIS.
Statements On authority OF the acquire
:nent Of Southern Pacific Pacific stock by
Union Pacific interests helped the market
for railroads. The increased grain move
ment, good export demand for wheat
and the continued increase In the money
supply were all factors of strength 80,
also. was the statement OF the countrEs
fore gn trade for December
The preliminary statement of aSrlchl-
t,lrai experts has shown a. decrease from
last December of S26.212,:GS, and as the
total exports for the month showed IRON
December n. decrease of 1S!)S OF ON!
s14 .iG5 4:1. the difference is attributed 10
increase ! ntlle exports of manufactured
product TO the amour of Sl1646,!h3I lax
iui, the calendar year as a. whole, the &C.
clire in the excess Of gold imports leaves
the favorable balance of trade about the
same as they were before.
The market for bonds was not very &C
tive. hut was very firm. Total sales;
81 ODE. 1Na par value United states Ola
As advanced Z in the bid price
Total sales of stocks to-day We're ~
7CS shares. including Atchison preferred,
,S5n: Baltimore and Ohio. 100: Norfolk
and Western 1O.2SG: ST. Paul. $3.50;
southern Pacific. G.3ts,: American To-
hacco 5000; Brooklyn Rapid Transit,
1865: Sugar. o3,5.to: Leather, u ,SG6.
MONEY. AND ENC1IANGE-Moner on
,nll easier at 204 per cent: last loan at
y. per cent: prime mercantile paper
.,Gff per cent Sterling exchange strong.
yel,l1 actual business in bankers bills at
81 S7l.G4.S71: for demand and $l:Ssa4 %
A c.-E for sixty. ,layS. poSted rates. S4.Sils