The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-27
STOCK MARKET |!
WAS LISTLESS.
British Retirement From Spion Kop.
Had Little Influence.
PRICES WENT DOWN AT OPENING.
Weakness In London Induced no Sell
ing Here and no Attempt Was
apparent 10 Bid up Prices.
Bond Market was Dull.

NEW YORK, Jan. 26.-The record OF
the Gay on the Stock Exchange was
repetition of yesterday in inertia, out
prices went down instead OF up. as was
the case yesterday. The retirement OF
the British from Spion Kop had as httie
influence as did the previous days news
Of the success there.
Opening prices showed sharp declines,
international stocks being quoted at about
the London parity. The weakness In
London induced no selling here, however,
aud the local traders were disposed 10
buy the stocks offered for London ac-
count in the same way that they soid
yesterday to meet the London. deIn n;oaa
No attempt was apparent to bid UP prices,
as the local dealers seemed content "
take the offerings at the London level Oh
prices The sales for London account
We're estimated at something over 2ooNV,
very evenly distributed among the va
sious international stocks. This consul
suited the bulk of the days business IN
railroad Stocks and prices In that depart
Inent never got far from the opening
level.
Much the greater portion of the DAYS
small business was in the speculative IN
duStrials and specialties. These were weak
from the start. The weakness in sugar
was attributed to operations by specu-
lative clique. Metropolitan made a mo-
mcntary show of tirInness on belief In q
hitch in the closing of the ,contract ior
the Rapid Transit tunnel. The fuppeF
stocks, which have not been acll'e re-
Gently, were forced down and 3 points
respectively, but recovered points each
On the curb New Amsterdam Gas was
reported active and strong, and Standard
Oil advanced to new high level.
Returns by the leading banks OF the
currency movement for the week lndl-
cate that the net receipts for the interior
ny ecn have t)eon but Sl1gl1ly less
than last week, but the gains on SUB
Treasury operations were little more tidll
half those of last week. owing to dlmln-
ished pension disbursements and con-
1inued heavy revenue receipts. The total
gain in cash for the banks was SI,VO,OVo,
estimated. 1t is evident that STOCK EN-
change operations have made no demands
on the loan accounts OF the banks, pul
the placing of time loans and the buying
of mercantile paper may have further
expanded loan accounts.
The sale OF New York city bonds during
the week may also be reflected IN The
loan account.
The bond market made further p:o-
gress towards duness, and the tone was
father easier Total sales, par value.
sI.Jo0.OOo United States old as and IS.
coupon, advanced Y in the bid price.
The total sales of stocks to-day were
2S32230O shares, including Atchison. PIE
ex-d4vidend. $40: Metropolitan, '.a9o;
Missouri Pacific, 1900; Southern Pacific.
u ,SSo; Union Pacific, $500; American
Steel and Wire, 6,O5O; American Tobacco.
1850; Brooklyn Rapid Transit. 40,cSo;
Sugar, 47.2S5: Leather. $3.50
MONEY AND EXCHANGE.-Ione on
cali easy at 2d3 per cent; last loan at
2; prime mercantile paper. ih.H51s CT
cent. Sterling exchange firm, with &C
tual business in bankers: bills at SiS74@
S4S7k. for demand and at SiS4;,GSE S4'a
for sixty days; posted rates. 81 .S3GlS4.S SIS;
commercial bills, S4.S3AGs4. $3.50. Silver
certificates. 53tSnSva2: bar silver. 59's;
strong: Stale bonds inactive; railroad
bonds easy
Total bank clearings at principal cities
for the week ending to-day We're 81 ,6o9.-
13sOJ6; decrease, 24.S per cent. Outside
nf New York, $500 224,71S; decrease, AS