The age-herald., 1900-01-20
ANIMATION SHOWN
 IN WALL STREET Professionals Took Long Side of z the Market. BIGs AWAITING CONTINGENT
There Has Been No Evidence of Any Larges Loan Expansion, But Time & Money Has Been Quite.
 Active Lately

New York, January 19.-The dullness and apathy which has prevailed in the stock market all the week gave place in the late dealing today to a considerable show of animation and strength Business broad ened out and embraced a greatly extended list of stocks and practically all there were dealt in advanced briskly to level sub stantially above that of last night
 The immediate motive of the buying movement was the preliminary estimate of the gains in cash for the week. The money market during the week has shown with sufficient ciearances that cash reserves were being largely replenished, but it is rather tradition with stock operators to defer action to discount the bank statement until Friday afternoon.
 There has been very large waiting con- tingent in Wall street watching for some positive developments in the market be- fore committing themselves to action. All the larger commission houses have been advising their customers to refrain from ac- tion and await the market. Apparently a large proportion of these were impressed by the earlier events of the day in the market and came in with buying orders in force during the last hour.
 The professional traders themselves turn ed in body to the long side of the market After having made a savage drive in the morning at Third Avenue, breaking that stock over 10 points, the amount of stock brought out in the decline did not prove very encouraging and the rest of the mar ket was not acutely affected. A number of positive points in strength also developed notably in Missouri Pacific, in which there was evidence of operations by pool. The whole of the southwestern group was af- fected by sympathy, notwithstanding the detouation in earning on account of the small cotton movement.
 The metal group was also strong, lead by Steel and Wire, which was bought in an- ticipatfon of dividend action Sugar was a prominent figure in the advance on heavy dealings in which the demand from the shorts was a large factor. These special points of strength were the vantage points set up in the general advance
 There were rumors all day of the relief of Ladysmith, but as London sold more stocks than she bought in this market, the fumor was without effect.
 It is rulnored that the associated banks had gained up to nearly 900 in cash, the estimate being based on figures furnish- ed by the e-prncpal banks of the direct ex- port movement
 Of this total OperdLloIS WILL Ihc oND- treasury have furnished $4196,OOO. There has been no evidence of any large loan. expansion in the stock market, but the time money and that for mercantile paper has been quite active. A notable increase in surplus reserve is, however, considered assured The market for railroad bonds continued broad and active all day, ana strength was general throughout the list.
 Total sales, par value, $S,22O,OoO united States 3's declined h, and the new 4s' coupon. advanced If in the bid price,
 New York, January 19-Money on call steady at 3G3h per cent; last loan, per cent. Prime mercantile paper, SQ6 per cent. Sterling exchange heavy, with act ual business in bankers bills at 4S67s Tor demand. and 4S324@4S37s for sixty days; posted rates, 4S4A@4S5 and 4SS; commer- cial bills, 4S96D4S315 Silver certificates, o91a 6Ohc; bar silver 59ssc; Mexican dollars, 471ac; government bonds irregular; state bonds steady; railroad bonds strong. ~-