The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-14
BUYING NOT A
FE,Al Iu| [! | OF DAY j
The Bears Tiaid Of Making Fresh
Ventures.
ENGLISH MARKET ST RON G.
News From Blocmfontcin n1ado Lon.
don Disposed TO Take Profits.
Call Money Was Not in q
Great Demand.
The Bears Ti;aid Of Making Fresh.
Ventures.
= az sstF
ENGLISH MARKET STRONG G.
NEW YORK, March 1s.-Tne stock

AN1l LINN, Ahcl Cu 10
market to-day showed very. plainly the
effects OF the reduction OF the short IN
tercSt which accompanied yesterday
sharp advance in prices. Nhiie yester-
cause OF the sharp advance, 1t was also
the result of substantial buying, winch
was attributed to large financial inter
ests. This buying was not in evidence
to-day.
London was also disposed to take pro-
fits on the news OF the arrival OF INC
notwithstanding the lack OF aggressive
strength IN The market, the bears showed
themselves Iimid about making nre issSn
Metropolltan, Sugar, Peoples Gas. Steel
o9p ana the New Gnty stI yroS dis
appointment over the showing made IN the
annual statement, and Rubber was ,raided
declines were largei: recovered before The
close, and in the rinn1 transactions Shaip
marking up OF prices showed mat Eihe
difficulty in getting back the stock they.
had sold earlier in the day. Offerings OF
stocks on all recessions were, IN Iact.
extremely light, and there We're points OF
strength which acted as sustaining FAC
tors tor the whole market, notably Ihlrd-
Avenue the Atchison stocks, New York
Central and Norfolk and Western pre-
1erred. 1t was thus made manifest that
while the market waits on developments
in the money market for rise, holders
ceSSionS to sell.
Call money did not command above 6
per cent, and Tell to ) per cent. But this
was probably due to the cessation Of
stock market demand as much as to any
new. supply OF funds. The losses by the
banks to the Sub-freasury since last Fri
day already foot up S3,2S4,OOU, which is
more than half the remaining surplus
over. the legal requirement held by the
banks. 1t Is evident, therefore, that re.
law must come quickly, ii it is to prevent
u pinch in the money market.
feeling Of assurance was GhuSed az oy r an
payments on account OIL bond premiums
IN the re1unding operation will be made
The Government deposits in national
banks. The money market is expected to
show relief from LIS source more quick
~ than on the putting out OF new circu-
a striking feature of the days events
was the sharp break in sterling exchange,
&c. IN. the pound. Considering the adj
vance in London discounts, the selling of
stocks Tor London account here and the
reported large subscriptions in New York
to the British loan, the course of ster-
ling was the more remarkable. The eX-
PLANTATION may be found in the statement
tor the week We're valued at 999,
against S13,57O,l 62 in the preceding week,
and S9,S7S,229 in the corresponding period
The movement of cotton and the high
price prevailing are the principal causes
Of the export figures.
Bonds continued in good demand, and
prices were firmly held. Total sales, par
value, So, 435,OOO. United States rs de-
clined "a and the old As II in the bid
price.
The total sales Of stocks to-day were
i40 400 shares, including AtchiSon, is, 10;
do. preferred, 47,760; Baltimore and Ohio,
6, 63U; Missouri Pacific, 1850; Norfolk and
Western preferred, $50; St Paul, 1860;
Southern Pacific, 1l,3S5; Union Pacific.
1850: American Steel and Wire, S,3IG;
American Tobacco. 600; Brooklyn Rapid
Transit, "a, $50; Federal Steel, CABS; Peo-
pies Gas, %, $50; Sugar, 71,175; United
States Leather. S.9i1.