The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-01-10
THE MARKETS.
Wall Street Review.

New York, Jan. 9.-'rhe stock market
was practically inert during the early
part Of the session today. the buying
demand falling to scarcely appreciable
proportions. The bear traders watched
this inviting field with longing eyes
until the attraction became too strong
for them and they put out selling or
ders throughout the greater part of the
list. They succeeded in effecting very
marked declines and bringing out
certain amount of offerings by uncov.
ering stop loss orders. But the VOL
ume of the selling was not important
and the success of the bears was dull
and listless. There was no positive in
cident in the days event for the bears
to base their operations on. Their con-
clusion was rather negative one as
to the chances of any favorable change
from the present depressing influences.
For the present it is obvious that capt.
tai has no inclination to move into
stocks. and 1t Is noticeable that the
quiet investment absorption. which was
feature of the market during the last
| week in December and which continued
| into the first week in January, has to
| all intents and purposes ceased at the
| couraging events has afforded a pretty
good test of speculative sentiment by
being totally ignored. There have been
new entries to the list of dividend
paying stocks and increases in the divi-
dend rate of established dividend pay
ers. The money situation has ceased
to cause anxiety, owing to the return
flow from domestic centres and the ces-
| nf ha t,to
ury. Money markets abroad have come
through the crisis of the yearly settle
ments and are steadily working towards
ease so that the drawing of gold from
New York is now believed to have
ceased, at least for the time being.
Far-reaching accomplishments to.
wards harmonizing great railroad sys-
tens have been announced and disas-
trous trade wars have been patched
up. according to all appearances. The
small effect produced by all these i'm
portant developments are cited by tbs
bear element as indicating small hopes
for any advance in prices There was
small opening advance in stocks In
opposition to the heaviness In London
and in sympathy with strength ir
Sugar and Brooklyn Transit The al
most entire disappearance of buying
demand, in spite of very light offer
ings, then allowed prices to gradually
sag until the active selling movemen
of the last two hours, which force
prices easily and rapidly downward
There We're few feeble rallies sufic
lent to cause some irregularity, but th'
tone in the main continued weak unit
the close. The dividends in Louisville
and Federal Steel common were no
announced until near the close, but tn
bears counted upon their exercising al
unfavorable effect as not being up t,
expectations. The possibility of furthe
reverscs to Great Britain in Soutl
Africa and rumors of foreign compli
cations, involving further embarrass
ments for Great Britain, were use,
. with effect. Total sales. 37a,SO0 shares
The bond market was dull and heavy
i'm sympathy with stocks. Total sales
par value, s1.255, 900.
, United States old As registered. oil
, 5's coupon declined half, and the g.
coupon, new As. old As coupon and s.
t registered a in the bid price.
> The following quotations are furnishe
| The Tribune by NJ. 8. Jordan e. Co
rooms 705-oG Mears building. Telephon