The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-23
IN THE STOCK MARKET.
Net Changes In Prices Are Without Any
Significance.
LONDON SOLD ON THE SLIGHT ADVANCES
Although Generally the Condition
Was ListIcss, tho Undertone Was
Firm-Rcnds Were Not Active.
LONDON SOLD ON THE SLIGHT ADVANCE



N.-, YORK January 22.-S. Mum. Son 4
CO say Of stocks:
Prices in stocks wers traeticnaly higher,
though Sugar Brooklyn Rapid Transit and
Third Avenue scored noteworthy advances.
Keene brokers' covered In BROOKLYN Rapid
Transit Sugar Tobacco. Leather. Missouri
Pacific and Chicago. Burlington aud Quincy
There was some increase In the outslde
trading owing 10 the ease Of money and the
favorable bank statement Of SATURDAY. Lon
don was lower on realizing and about 1000
shares we're sold here on balance for London
account ConEols closed lis higher. There
vas some Gould buying Of the Pachcs staod ,
ard oil interest bought Third Avenue. Total
stock sales ~ es2 shares. Money ) 10 per
cent closing per cent. Foreign exchange
steady at s6& for actual demand sterling.
II is said that steel and Wire on January 20
will declare at least per cent dividend
on the common There is still a disposition
to wait DEVELOPMENTS in the Transvaal.
New York. January % The stock mar
ket showed indifference on the psrt Of the
pttho and even of professional spectators
today. Net chouEes IN prices are without
any significance az bearing on the condition
Of business affairs. Notwithstanding the bet
ter feeling In London on account of the ro-
port that the British military was making
good progress in South Africa the English
operators showed no disposition TO nav higher
prices for American securities As soon ss
prices were lifted in this market selling
orders for London account were executed
IN the leading international stocks This
seemed 10 discourage further operations
for rise and prices drfted back near sat
urday's closing level and oscilated very lee
bly, from that level for tho rest Of the day.
Whatever speculative disposition was current
seemed TO be diverted to the cotton and
wheat markets where there was some show
~ ANIMATION and considerable strength re-
n6cted from foreign markets While the
market was thus listless the undertone WAS
nrm and whatever huyins there was was
attributed To covering hy large outstanding
short interest. Accretions VI cash TO m,
reserves NJ New York banks Increase on a
leres acsle' but there was no further marked
change IN tho rates for money TODAY A
further drop in sterling exchange rates
marked the continued relaxation in tho
money situation abroad es well as here Tho
money coming from the subtreasury is due
~ part 10 heavy disbursements for pension
payments. which are now about completed
FOR the present period, Tn. deposit of inter
MAJ revenue collections in depository hapts
government bonds ss security II the drs
from me banks into tho subtreas,lrv hv Va
son OF taking M Of surplus revenues is re-
sumed the present rate Of returns from the
~ ~ N'l ~ NNHf'elf Sntnclent to offset
Y, that is rather remote CONTINGENCY at
present hut It PLAYS some part in the dug
Eishpess Of The money market
The bond market was nor So active todsv
as during tbs latter part of last week. bur
sun oyershsdowsd the market for stocks
ne forced liquidation last fall did not at any
time affect the high grade investment bonds
ward movement ''-
such middle and lower grades bonds AS
were brought TO market TO realize on are
now In large demand and are stoad,iv "A
vanclne IN price on large absorption Total
sales par value, $3.50. ao0.