The age-herald., 1900-01-16
STOCK MARKET
 AT STANDSTTLL  Operations Were Entirely in the Hands of Professionals. - HEAVY BUYING OF SUGAR 4 London Seemed to Take Cheerful View of Military Developments
 in South Africa, But
 With Little Effect
HEAVY BUYING OF SUGAR

New York, January 15.-Except where stocks were under the influence of particu- lar ecauses, the market today was almost at Ia standsfffl. No outside interest was manifested, and operations were entirely in the hands of professional board room traders.
 Individual causes which affected special stocks were for the most part depressing ones, and the sympathy of the general mar ket was toward lower prices. The most conspicuous movement of the day was in Metropolitan Street railway, which was af- fected by the published discussion Of the condition of a prominent trust company. The publication served to explain last weeks depression in Metropolitan and serv- ed also to renew it. Metropolitan, Brook lyn Transit and Tobacco stocks were all affected. Metropolitan fell an extreme 6A.
 An announcement of the bidders for the New York Rapid Transit tunnel contract rallied the stock slightly above last night s level on the belief that Metropolitan inter- ests were concerned in the bidding.
 An example of the kind of motives that influenced the trading was that assigned for the buying of sugar. One of the larg- est selling orders came from a brokerage house which handles money loaned for the American Sugar Refining company. The traders argued that opening selling by in- sders indicated a desire to induce selling by others, upon which conclusion they bought sugar. London seemed to take a cheerful view of the military developments in South Africa, but with very little effect in this market.
 Reports of a strike depressed AmeDican Steel & Wire and some other metal stocks by sympathy.
 The money market continued to work easier under the Influence of continued gains from the interior and from the sub treasury
 Time money was readily obtained at per cent on railroad stocks. Call loans were in some demand at 312@41a per cent. The increased supply of loanable funds seems to favor no inducement to speculation. Last weeks sales of stocks were 2,65S01 shares In the corresponding week of last year there were sold 5SSO,O75 shares.
 Last weeks sales of railroad bonds were of a par value of S32,343,000. But, as it is apparently observed, easy money does not necessarily mean easy borrowing. Money lenders and capitalists as well as specula- tors suffered from the collapse in values in the December smash and there are many stocks on which loans cannot be made. The prevalent dullness of speculation may be attributed to that wisdom which even the burnt child is proverbially said to attain by experience.
 There were some heavy industrial trans actions in bonds and the market was main- ly firm but there were sufficient declines to give it an irregular appearance. Total scales, par value, $1 .615, ,00O United States 5s and old As, registered, advanced F and bs and old As, coupons, and 3s, coupons, 4 In the bid price.
 New York; January /15.-Money on call a tsnr
 Prime mercantile paper, 5l6 per cent.
 Sterling exchange firmer, with actual business in bankers bills at $4 S6B for de- mand, and $4.S3A@ @4.S3ss for 60 days.
 Posted rates, s4.S4R and $4871sQ4SS.
 Commercial biqls, S4.S215.
 Silver certificates, 5SA95915.
 Bar silver, 59h.
 Mexican dollars, 47B. st I.
 Government bonds strong. tif
 State bonds inactive. -
 Railroad bonds irregular.
 (By Private Wire to Talbott & Palmer.)