The age-herald., 1900-01-10
TRADE INACTIVE
 IN WALL STREET Bears Watched the Field With
 Longing Eyes. SELLING NOT IMPORTANT Money Situation Has Ceased to Cause Anxiety, Owing to the Flow from
 Domestic Centers-Drain on the Treasury Ceases
 
SELLING NOT IMPORTAN-


 New York. January 9.--The stock market was practically inert durin the early part of the session today, the buying de- malsd falling to scarcely appreciable pro- portion.
 The bear traders watched this inviting field with longing eyes until the attraction became too strong for them and they put out selling orders through the greater part of the list. They succeeded in effecting very marked declines and bringing out q certain amount of offerings by uncovering stop loss orders.
 But the volume of selling was not im- portant and the success of the bears was due to the llstless attitude of the public to- ward stocks and in the indisposition of in- a-ders to support prices There was no positive incident in the day even for the bears to base theie operations on. Their conclusions was rather a negative one to the chances of any favorable change from the present depressing influences. For the present i. is obvious that capital has no in- clination to move into the stocks and it is noticeable that quiet investment absorp- ton which was feature of the market during the last week in December and which continued into the first week in Jan- uaty has to all intents and purposes ceased at the present level of prices. series of en- couraging events has afforded a pretty good test of speculative sentiment by being totally ignored. There have been new en- tries to the list of dividend paying stocks and increases in the dividend rate of estab- hsEed dividend payers.
 The money situation has ceased to cause tn ha f~nD1 nGt tia centers and the cessation of the drain on the sub treasury. Money markets abroad have come through the crisis of the early settlements and are steadily working to- wards ease so that the drawing of gold from New York is believed to have ceased at lsast for the time being. Far-reach- ing Accomplishments towards harmonizing great railroad systems have been patched up according to all appearances. The small effect produced by all these im- provements is cited by the bear element as indicating small hopes fer any advance in prices. There was a small opening advance in stocks in opposition to the heaviness in London in sympathy with the strength in sugar and Brooklyn Rapid Transit. The almost entire disappearance of buying de- mand, in spite of very Mttle offerings, al- lowed prices to gradually sag until the act i've selling movement of the last two hours forced prices easily and rapidly doWnWard.
 There were a few feeble rallies sufficient to cause some irregularity, but the tone in the main continued weak until the close.
 The bond market was dull and heavy in sympathy with stocks. Total sales, par value, $1,255,000; United States old As, reg istered and old 5's coupon declined F and the 3's coupon, new As, old As coupon and As registered 11a in the bid price.
 New York, January 9.-Money on call steady, 41a4512; last loan, 51a; prime mercan- tile paper, 6 per cent; sterling exchange easier, with actual business in bankers bills at 4S73s for. demand and 4S31:g0is3A for 60 days; posted rates, 4SiA and 4SS1a. Commer- cial bills, 4S2s614S3. Silver certificates. 5S1s0 591kc; bar silver, Soc; Mexican dollars 471ac; government bonds weak state bonds ihac- tive; railroad bonds weak.
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