The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-10
STOCK MARKET
WAS LISTLESS
ERecting Some
Marked Declines.
BONDS WERE DULL AND HEAVY.
bears Success Was Due sotlhc Int'il-
ference Of Public aud Indispo-
si,ion Of 1nsincrs 10 Sup
port Prices.

NEW YORK, Jan. 9.--Thc stock market
WAS practically inert during the early pars
of the session to-day. and buying was OF
scarcely appreciate proportions. nc
bear traders watched this inviting lleid
with longing eyes until the attraction De,
came TOO strong for them, ana the! puI
ont selling orders through me Sfea'ei
part Of the list They succeeded IN eject
ing very marked declines ana pIlns. is
out a certain amount of offerings by I'M
covering stop-losS orders. But Tue folumc
of the selling was not important. ana the
success of the bears was due TO the iSt-
Jess attitude of the public towards STOCKS
and the indlSpoSltlon oil 1hslacis 10 sup
port prices.
The conclusion of the bears was rather
negative as to the chances OF any FAVOR
able Change from the present depressing
influences. For the present 1t is obvious
that caoital has no inclination to move
into stocks and il is now likely that the
quiet investment ABSORPTION. Whicn was d
feature of the market during the last
week of December, which was carried into
the first week of January, ceased at the
level Of prices
A series of encouraging events has at
forded a pretty good test of speculative
sentiment by being totally ignored There
have been new entries to the list oil owl
dend-pay;rE stocks and increases in the
dividend rate of established dividend pay
ers. The money situation has ceased to
cause anxiety, owing to the return flow
of the decline on the Sub-TreasurE.
There was small opening advance in
stocks in opposition to heaNlness in Lon
don and in sympathy with strength IN
Sugar ad Brooklyn Rapid Transit. The
almost entire disappearance of buying de-
rand. in spite OF very. light ofer!nSs.
then allowed prices TO gradually sag until
the active selling movement of the last
two hours, which forced prices easily and
rapidly downward.
Despite q few feeble rallies the tone in
the main continued weak cntil the close.
The possibility Of further. reverses to
Great Britain in South Africa, ana ru-
inors of foreign complications Involving
further embarraSsuentS for Great Brl-
tain. were used with effect.
The bond market was dull and heavy in
sympathy with stocks Total sales, par
value, 81 $4,000. United States old is
registered and old SIS coupon decline Z,
and the SIS coupon, new As, old As cou-
ron and IS registered =! in the BID price.
The total sales of stocks to-day were
:;7a.SGJ shares, including Atchison pre-
ferred, 2o,7Go; Baltimore and Ohio, $500;
Chesapeake and Ohio. 7.2S1; Chicago, Bur
Iington and Quincy, 1925; Rock Island,
6.4lO: Louisville and Nashville, 5000;
Manhattan 1850; New York Central,
$3.50; Union Pacific, 26.S10: american
Steel and Wire, G., 600; American Tobacco,
a3.a5O: Brooklyn Rapid Transit, 39.ll0:
Federal Steel, 1850; Sugar, 1851; Leath-
er. $3.50.
MONEY AND EXCHANGE.-Money on
call steady at 41a15 per cent; last loan.
5ts per cent: prime mercantile paper: =
per cent. Sterling exchange easier, with
actual business In bankers bills at Si:Sl'S
for demand and s4.S51aa4.S5s4 for sixty
days: posted rates, Si.Si1a anc S4.SSia;
commercial bills, s4.So1Ag4.s3. Silver GER
titicates, 5s1=a59l9;; bar silver, 90; Mex
,r..a,l,. state I,nrds inactive. railroad bonds