The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-01-31
NEW i ! YoRRK.
The stock Exchange.

NEW YORK. Jan. 3-The stock market threw
on It's lethargy and incrtness today in very Inn
pressive manner. There was quite an active de-
mand for stocks from the start in the shape Of buy
ing orders accumulated over night, and the demand
out the day. The rise was 50 considerable At some
points as to invite profit taking. but offerings on
this account were absorbed with such confidence
that the selling ceased and the market closed
with an upward course Of prices and burst Of ami
nation at the best prices Of the day Although
calls outside interest. the market must still be de-
scribed - largely professional The strength was
also to : great extent spotty. That is 70 say. I.
buoyantly, while the large part Of the list moved
In more sedate manner but still upward. While
ket. there was nevertheless : notable broadening
out In speculative interest. II has been manifest
was small and that prices moved easily p on any con
siderable demand But the obvious willingness Of
prices to 90 down and the determined ignoring Of
depressing influences from the London market have
seemed until today to be viewed with apathy by
the speculative public These events have Of course
tended to build up confidence in the stability Of
values and apparently 1t needed only some special
incident to crystalline sentiment into an active buy
ing sa. The acton ,n q the directors Of tho
setting aside years dividend for the common stock
at the rate Of per cent, and the handsome show
ing presented In the balance sheet Of last years
business. was the effective incident There was
rush to buy American Steel and Wire at the open
running sales The stocr scored snbsson pa s Sn
vance. which carried it up extreme points. Its
net gain Is a. This aggressive strength has marked
sympathetic influence all the metal stocks all the
more because q the depression which they have
long suffered. There was large demand from
eager short interest In Sugar, and the prevailing
cold weather resulted in q sudden Jump in the
price Of coaIers In the railroad list the grangers
and all the Pacific and Southwestern stocks were
in notable demand, but the whole list was strong.
The only thing to account for the sudden drop Of
Ill in p c., G. & st. L. o report Of a new
PittsburR Chicago line in contemplation. Chesapeake
& Ohio was heavy. perhaps in sympathy. The first
two hours of trading recorded As many sales the
recent average for full days business While the
market Is still largely professional the caber OF
the operators is obviously much heavier than those
recently in evidence individual transactions Of
thousand shares and upward being frequently record
ed. Bonds showed increased activity. and were
strong throughout Total sales, par value 1910 co.,
United States old fours, registered, advanced 4,
and old fours coupons, In the bid price
Money and Exchange.
Money on call, easy, a6ei per cent last loans, Q
per cent; prime mercantile paper. a@s per cont
sterling exchange, heavy, with actual business in
bankers bills at SASH demand and s4sisca4. s4i
sixty days. posted rates. S85 and N8si; commercial
bills. 81 s3t@4si; silver certificates. 59l@6Oic; bar
silver 59zc Mexican dollars, Htc: government bonds
strong; state bonds. inactive: railroad bonds firm.