The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-23
STOCK AR
CONl1IY|.U Dull |.
Notwithstanding Better Feeling Pre-
yalent in London.
BONDS WERE NOT so ACTIVE.
There Was Continued Relaxation IN
tho Money Situation Both Here
ana Abroad-Tl, Local Stock
and Tobacco Markets.

NEW YORK, Jan. 22-The stock mar
ket showed continued indifference on lne
part of the public, and even OF prole p
sional spectators! To-day. Net changes IN
prices are without any sisnlhcahce as
bearing on the condition OF business OF
affairs. There was some show OIL Suen6.i ~
attributed to covering demand from me
suort interest. Notwithstanding Inc pet.
Ter feeling reported in London on account i :
OF progress said to be making IN Inc az az
compiishmcnt of the British military pan
OF camEaign, the English financial pupilc
showed disposition to pay n M;l..
prices for American securities. " heii
prices here lifted selling orders LOT Lon
don account were explained in the Iondon
international stocks. This seemed 10 Gus
courage any further operations for a rise,
and prices drifted back near SATURDAY S
closing level, and oscillated very s: 7a 1eepiS
: from that level for the rest OF the day
Whatever speculative disposition was
current seemed to be diverted TO the col.
ton ard wheat markets. where lheIc n.,'
some snow of animation and conside,aple
While the market was thus nsuess,z .ne
Endertone was firm. and whatever buylnS
there was was attributed to covering Dv
a large outstanding short interest
Large accretions OF cash to the reserves
of New York banks continued, and the
continued relaxation in the money s'tua-
ito abroad, as well as here, was evl-
denced. The present factors making To-
ward greater ease in money are liable TO
some interruption at no very distant
period. The money coming from the SUD
Treasury is due in part to heavy dls-
bursements for pension payments, which
are now about completed for The present
period The deposit of internal revenue
collections in depository banks cannot De
indefinitely prolonged for lack OF Govern
ment bonds as security II the drain
from the banks into the Sub-1Teasury by
reason of taking up OF. surplus revenues
Is resumed the present rate OF return
from the interior would be scarcely suffi-
Gent to offset 1t. This is a rather rnote
contingency at present but plays some
mar in the ssluggishness of the money
market.
The bond market was not so active. to-
day, but still overShadowed the market
for stocks. MiddleFan lower-Erade bonds
advancing in price on large absorption.
Total sales, par value, S3.1So,Oe0 United
States old As registered decline * and do.
coupon ]. in the bid price
The total sales of stocks to-day were
2c0.7oo shares. including Chicago. Bur-
SOLO: Missouri Pacific, $3.50; st. Paul.
$3.50; Southern Pacific, $3.50: Union Pa
cItic, $3.50: American Tobacco. $3.50:
BROOKLYN Rapid Transit, Al ,143; Leather.
16, 800; Sugar, 1880
MONEY AND OBSERVATION-DISCLOSURES on
call steady at 21aM4 per cent: last loan
at 2,s per cent; prime mercantile paper,
4JyG5 per cent. Sterling exchange weak,
with actual business in bankers bills at
81 s3W for sixty days; posted rates, s4Slia
and s.. S71SMI. SIS: commercial bills. S4.S3@
q. s3lS Silver certificates. lo91s@G01s;t bar
silver. s95s; Mexican dollars. 4I1a Gov
erument bonds weak, State bonds mac
tive: railroad bonds strong.