The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-30
STOCK MARX
lNTENS ELY Dull /
British Disasters Have Little or No
Effect OIL Prices.
CHANGES WERE FRACTIONAL.
and Dealings Were Narrow and Pro-
fessionai-Thc Industrial Special
tics Continued 10 Lead III
Point OF Activity,
British Disasters Have Little or No
CHANGES WERE FRACTIONAL.
And Dealings We're Narrow and Pro

NEW. YORK. Jan. 23-The New York
stock market continued TO view Win
cquanimity the disturbance in the London
market on account of the misfortuncs to
the British military campaign In South
Africa. In slsito OF a drop OF "a full point
ia EriIish Sl.!lsolS in London. and condl-
tons on the exchange there. which cables
to Wall street described as panlcky, the
opening declines here in international
stocks did not exceed fractions, and there
was no pressure 10 sell outside OF that
for foreign account. The buying by the
local traders proved sufficient to absorb
this md TO advance prices to Saturday S
closing level.
The course Of the market during The
rest OF the day was exceedingly Sluggish,
and the dealings were narrow and profess
sional. The industrial specialues con-
tinued to lead in point of activity. me
speculation in Sugar showed some
strength, the stock rising an extreme :
points on d demand from the shorts, who
covered on the announcement OF a 1irthcr
advance in the price of refined sugar
Tart of the gain was lost There was u
small continued movement in the local
traction group. Other metal stocks were
firm IN sympathy. Glucose Sugar made a
show OIL strength on the judicial decision
against the consttutionality of the llll-
nois antitrust law. A drop OF points in
Denver md Rio Grande preferred was
unexplained by any news of the day
Spectators do not forget that 1t was
the Industrial and commercial activity
of the country which encroached on the
funds they had embarked in speculation
in December, and they are watching Tor
the future rate of activity OF business 10
define itself before GvailtnS themselves
OF the present ease of money. Wh1cf. II IS
feared may prove ephemeral and 1ilu-
sorry Offerings of mercantile paper at
present are light. owing to large houses
using the years profits as working capt.
tai. The sharp upward course OF sterunG
exchange to-day gives point TO the appre-
hension thnt gold will again so out to
wJr,,, "
penditures.
An official of the Imperial Bank OF
Germany. quoted to-day, ATTRIBUTES me
ease in the German market to an arl'il-
cial manoeuvre made 10 prepare inc mar
ket for municipal loars, and the same
authority asserts that Russia Is TO ralse a
loan The future contingencies IN tne
market thus foreshadowed may help 70
evnlafn the persistent indifference OF
Spectators to the present abundance OIL
funds.
The bond market laosed into dulness
to-day. and price chnnges We're mtNe't
Total sales, par value. 100000. United
states new IS and old As, coupon, ad,
vanced J. and the SIS declined u IN the pa
price. ..oro
o35. 100 shares. Including Atchison pre-
ferred. 1926: Burlington and QUINCY, ~
1lo: Manhattan, $3.50: Southern iActilc;
ESQ: Union Pacific. $500; American steel
md wire. sG. 1S5; Brooklyn Rapid Transit.
oOG72; Sugar, 1905.
MONEY AND EXCaANGE.-Money on
caIt steady ut 21Ls13 per cent; last loan
at OK per cent: prime mercantile paper
sd5 per cent. Sterling exchange strong s,
with actl.l business in bankers DliiS at
ca c11SI4 S7is for demand and at S4.S4AO
1.s4iL for sixty days; posted rates, SIS SIS
and s.. SsT4. Ssh: commercial bills 81 $40
4.S3lh. Silver certificates, :9hsMGota; par
silver. 5aa;: Mexican dollars. 4lE Gov
eminent bonds ire yular; State bonds IN
active; railroad bonds firm.