The sun., 1900-01-19
Financial.
General Situation Of Yes.
terday'S Stock and Money
Market RevieR ed.
LONDON MARKET STRONG
News From South Africa Has
Cheering Effect on London Buy
ers--.Shorts Covered in the
Hopes of Buffers
VICTORY.

In most qnarteFs the market opened
strong on COY, ring Of shorts, who seeutd
~ fear the prospective announcement Of
south African tidi1gs favorable TO higher
prices.
Manhattan and Metropolitan we're
3afked exceptions TO the general rub SO
early transact ols in these stocks we're in
the nature Ui short selling induced by a
ragged idea ttiat they aouid have no
more passepgefsi0 haul al the expiFs-
zion Of three years, when according 60
popular fairy tales, the underground
hu,e will be in operation. Thpy soon
rccnyert q, however, aud With the whole
market gradually worked higher and
higher until sc me really r.speciahie
gains were 10 be nnted scattered through
tit lie hist. Leather commnn, American
tion, Tobacco and Sugar scored ti.e
~ gains. aud divided h,norS sbaiit
y.nlg "a rpsprctsto aciiyity. III e To-
t,IccU stocks closed at prac, cally u s.
tr ctS fo- tie day, bnt Ieatiier ana sHgaI
Il, qui.l ed RI of their earl yictori- +,
e3Hcially Ia the later iEs an - c
-,dng Si,ei shares Here al ne tiine
rousidlghly oyer ta-t q ing p ices. but
llrorppss back t. them at tha Close.
lIi E tGllh ~ A4-As klif 1ItGL = LtfHt'-
i,h (arlinnai iuprytnent and iin
ora F.is tiuo, 81. P,ui aud Huntington
eias Miti an avtras- u pe- POI ~
!. -. i'tu MIR p,itan ana Mannaiiat
t-,..-' ! Z p III ~ in'fr d tier. Ia s.i1
fai t3.sDl- rsuts ~ closing il Was .
l.rv-t.i. market. lie advance Wa- ~
ue t.tnre ol a tug II war, aud coulI M.
.ke occurred AT al, were II NOT iar GOV.
! srIf VI shouts, Wlic very mat ri y
riand tle sllngy buying inr long a.
nua. Money aas very easy. gttilla
| i ~. j. = lrr cent, and CLOSING az =
etr.t Tie closing, like tie baanr
I @tt,st session, aas very talHe, and die
lA,t larucuArly indicate strength.
! 5 stated hat t.ie uml movement IN
! i,a. er will carry The mnun stock cni'-
/ 4. t1J'y higher, aud that il will go to
/ y / s'e p,rsrit deal. Interests ideri-
\ iie3 Nltn tie rrauju>iineut plan have
rcait,.ted 4 liz ,f ock aro md u,
4 sae !. wi, now te manipulated upWard
! II le .aid ttat representatives. ot tie
/ Il ckei Her iui,rrSts vii enter the ii
4 -ctuiatt. ~ d e. cuirpinv Ut rhe meeting
/ Wig. aili he tetd on Fetr lary ., ~ &
! ,lmt tie Eaa - the ieangustutnI q
+, v drn,f- onthe preferred stock will d
! r,ri thlougll
! IT, Iaii.lnt market was strong. Tht
.5ng si-hc. frnu SIGth Africa has u
i,4rgIit ttrn broken with news that G+n'
| -ral Bnilet's i"rces have crossed the
1ugtla river auf are moving up on tho
! Bi-rs Tnr security markets viii nov
ne moving in hourly exDectstion Of n b'l
bstt!e, which by ali indications will t,
me most important % the Nar. Any
ne goirg inln ttie market today is TAX
iug go5d many ciauces, he e slnply
/ 1rtting on the dulcnme of the contest.
! A. between long and -hort side, We ne
/! gard the former as being tie safer. Il
! shere Is MT British reverse, the shurt
/ intprest xill b. IL q very precafious po-
! -tian, for the amount Of long stO /
coming out daily u uttrly inadequate to
allow % any considerable covering.