The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-31
MARKET THREW
OFF ITS LETHARGY
The Demand Was Active From the
Opening and Gathered Volume.
THERE WAS SOME PROFIT TAKING
But the offerings We're Quickly Alb
sorbed apd the Market Closed
With an Upward Course i'll a
Burst OF Animation.

NEW DIRK, Jan. 30.-The stock mar
kct threw OF its !ethargy and insert
hess to-day in a very impressive man
her. There was quite an active demand
Tor stocks from the start in the shape oil
: buying orders accumulated overnight
md the demand gathered in volume ana
urgency pretty steadily throughout lhe
day.
The rise was so considerable at some
points as TO invite prollt-takiiS. i'u l
offerings on this account We're :tpsorped
with such commence that the selling soon
ceased, and tie market closed Win an
upward course OF prices ana DUES oL
animation ut The best prices OF me aaS.
Although there was substantial increase
IN outside interest, the market must Sun
be described as largely protcssiohai. me
strength was also to a great extent SPOT
". That is to say, u comparatively 'eW
Stocks or groups OF stocks rose puoyant,
Jy. while the large part OF the ilsl moved
IN d more !Se9atc manner. Dul sun up
ward. But while this IS true OF u per
spective view of the whole market, there
WAS, nevertheless. q notable broadening
out i'll speculative interest. no' ohiN
throughout the usually active Hst, ou'
embracing many dormant stocks. II mas
been manifest for some time that the
floating supply Of stocks was small, ana
that prices moved easily on any conSld-
cradle demand, but this and everything
else seemed unavailing TO invite amy con-
siderable demand. Even the obvious UNI
Willingness of prices to so down, ana
the determined ignoring OF The depressing
ket have seemed until To-Day 10 be viewed
with apathy by the speculative houses
These events have. OF course, teiidcu 10
build up confidence III the SlaoiltH OF
values and apparently il needed only
some special incident 10 cryStai!Ze Seiiti-
ment into an active buying movement
The action Of the directors OF the amer
lean Steel and Wire Company yesterday
IN setting a side years dividend Tor me
common stock at the rate o! per cent,
and its handsome years showing was me
II, he.
lions a full point apart on running safes.
The stock scored a subsequent advance,
which carried it up AN extreme > points.
Its net gain is as.
= This aggressive strength had maFKeu
Sympathic effect on all the metal STOCKS,
All The more on account OF the eN-
IRENE depression from which theE nave
long suffered There was Il large demand
for an eager short interest jn Sugar. ana
the prevailing cold weather resulted IN
Il sudden jump in the price OF the coaierS;
in the raiiroad list the SranSers ana dil
the Pacific and southwestern STOCKS Were
in notable demand, but The Wnolc iSt
was strong. The only thing TO account
Tor the sudden drop OF llhs IN fi'tspu. ;,
C, c. and St Louis was 4 report OF I;
new Pittsburgh chicago. long in conteH-
piation. Chesapeake and OHIO was he*NE,
perhaps in sympathy The nrs' Two
hours trading recorded as many sales rs
,nc recent average for Il full days bust
ness While the market is sun largely
professional. the calibre OF the operations
IS obviously much heavier lilil t!loae re-
Gently in evidence. individual transac-
lions of a thousand shares and upward
beng frequently recorded
Bonds showed increased activity, and
were strong throughout Total sales, par
value 81, 9i0.Uvo. United States old
registered advanced * and do coupon
II in the bid price.
The total sales of stocks We're $50"
shares including Atchison preferred,
6.:2l: Chesapeake and Ohio, 100; Bur
lington and Quincy. LEO; Manhattan
O. 30: Metropolitan. So: Missouri IA
citic, 1850 Reading first preferred. :s.Gll;
ST. Paul ..4lJ: Southern Pacific. ?,i'o:
Union Pacific. G.620: American Steel and
Wire SS1TI: American Tobacco, Loo:
Brooklyn Rapid Transit. 40. IA: Federal
Steel. 10 I9S; Sugar, 21,2,o; United States
Leather, 9,4oe
MONEY AND NEUTRALITY-SUSPICIOUS. on
call loans easy at 262i2 per cent; last
loan per cent: prime mercantile paper.
4Go per cent. Sterling exchange heavy.
with actual business in bankers bills at
SIS71s for demand and at S4.S 4iSn4S lh
Tor sixty days: posted rates. 81 S'NNaSSll.
commercial bills S.sSi1@d.Si. Silver GER
titicatcs. 5ala160Ia: bar silver. a9:s; MeN-
can dollars Az. Government bonds
strong; State bonds inactive; railroad
bonds strong.