The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-10
STOCK MARKET
WAS VERY Dull
The Movement in the Prices Of Stocks
Extremely Small.
The UNDERGONE QUITE FIRM.
Authorities Agree in Expecting =
Weak, Bank Statement To-Day.
Bonds Wcro Duii aud Prices
Irrc.u,ar-Local Markets.

NEW YORK. March ga day OF re-
markabie dulness in the trading and
slight movement in prices of stocks was
nevertheless highly significant in a mega
tive way. There was some interest," IN
Sugar, which recovered two-thlrd OF It's
dividend. There was pressure against
Metropolitan, which fell at one tine 10
l62. and PiItsburg, c.. G. and st. Louis
dropped 7lL without explanation. Third
Avenue, Consolidated Gas, Peoples Gas,
and some other specialueS recent undef
pressure showed q tendency TO fally on
covering by shorts. Rubber was raiued
down q points and recovered mere
We're sharp advances in the Linseed oli
stocks and declines in Manhattan ana
4 Western Union,
These changes were quite Independent
of any common influence, and reflected no
feature OF the general outlook, except thS
fact that some bear traders We're moved
close, and the resistance 10 decilne Oh.
tered by the general list In the lace o. OF
notably weak bank returns; " I,nna
authorities agreed must be faced to-mor-
row. exhibited very striking underlying
strength of the securities market.
Apparently the banks. will show a loss
in cash by to-morrow'S statement Oh
about s10.0oo.Oo0 1t had been hoped dur
ing the week that the payments OF pen
Sons would decrease The aDSoTpllon OF
funds by the Sub-Treasury, and the fact
that the last weeks gains by that 1nsu-
tuition included the payment OF a So.oouooo
note to the Government, by the Cenlral
Pacific allowed that much margin LOT
q favorable showing this week. Never
lheless. the Sub-Treasury has taken from
the New York banks during the week
as much as last week. the totai looihs
up SI,57S.S00. In addition, the net sup
nlents OF cash by the banks TO the lnte-
rior by express amount to nearly S2,op'-
600, compared with a small gain from iile
same source last Week ms !; may ,.o pe
partly offset by the registered mail cover
ing. Considering that the surplus re-
serves We're peiow $1i,oO0.ooO last week,
ant, that the money market has SHOWN
no other sign Of disturbance than sl1Snt
hardening In call-loan rates to per cent,
opinion on the street is prepared Tor some
surprising showing in the loan account
in to-morrows statement.
The unruffled demeanor OF the STOCK
market in face OF this decline on money
resources makes it clear that loan opn-
cations on account OF stocks hciu are
Very small Sterling exchange was hca'E
to-day, in spite of some small selling OF
stocks for London account The question
is canvassed of the effect upon the New
York money market Of the easier tenoency
OF money in London. which. 1t IS Salo,
will be caused by Government d1SburSe-
ments for the purpose OF making mar
ket for the new Government loan. Easy
money in London would invite gold inn
ports to New York. 1t IS worthy OF com
ment in considering the sterling exchange
outlook that announcement was MADE IN
Wall Street to-day that Subscrlptlons
would be received for the new English
loan The reported initiative by President
Kruger of negotiations for peace had very
little influence on the market
Bonds were duh ana prices irregular.
Total sales, par value, S1Gio.t9 GOO
Total sales of stocks We're 2is. 900 snares,-
Including Atchison preferred l3,l:1;
Metropolitan Street Railway, y l5,1,2; st.
can Tobacco, $50; Brooklyn Rapid
Transit, 1900; Gas, $3.50; Sugar, eN
div, 1S,SJ.
MONEY AND NEUTRALITY-SUSPICIOUS. on
call easier at :Sil4 per cent: last loan at
!: per cent; prime mercantile paper 4t.V
.,la per cent Sterling exchange heavy,
with actual business in bankers bills at
), Sc for demand ard at S4S214 for SHY
days; posted rates. 81. S51@Gfi. 81 ana 81 SIG
4S1H; commercial bills. S4:sl3aa4::;s So.
Silver certificates, 60Ma6l; bar silver,
:,g.s: Mexican dollars, 3I4. Government
bonds easy; State bonds CASTER railroad
bonds irregular.
BANK CLEARINGs.-The total bank
clearances at the principal cities OF the
United States for the week ending March
Sth were 81 .694a.726 500, decrease OF no