The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-20
MORE ANINA1I0
on STOCK MARKET
Dizziness and Apathy Prevailing for
Past Week Gave Way.
BONDS CONTINUED TO BEACTWE.
There We're ,sumors all Day OF the
t.eiicf of l.adysmit',, But They
Mcrc No, OF Much Effect ON The
Market Local Markets.

NEW YoRK, Jan 1.-THE tduiness and
apathy when have prevailed H. The stock
market ali the week gaze pl3ce IL me
late dealings to-day TO i Coasidcftp!c
Sow OF animation ana strength Bust
ness broadened cut al embraced q greatly
extended list Of stocks, especially All ihat
Were dealt III advanced br!sAiy TO i leEaI
substantially above that OF last nlEht.
t4re Immediate motive FOR the bn!lnSi
movement WAS the preliminary cSl4iild ttS
al the gains in cash Tor the week bN me
associated banks The money maiNCt
ouliE;; the week has Shown with Sufilclent
clearness that cash reserves were iafEsiS
tepieniShcd, hQt q Is rather 4 liiui'io
with stock OpratorS TO defer action 10 dis
count the bank statement. Until !'tldaN
afterrouo there had been Tef% !atSc
waiting contingent waiting for some Dos
si5Ie Development IN he market et.tcre
cuinnitling thernselvef to action. Many
Of these came IA with Ou32nS oi*iGES III
force in the last hour To-Day Inc pro
feSSional traders themselves turned IN a
body 10 the long side OF the market, after
having, made a savage drive in thc morn
ing ut Third-tAVenuc, brGai1nS :bat Stock
considerably. The amount OF stocks
brought on the DECLINE did not prove very
encouraging. and the rest OF Inc market.
was not acuieIy affected. A number OF
positive points of strength also deve."ne9.
notably in Missouri Pacific. III which
there was evidence of operations by Il
pool. The whole OF the southern stocks
were dIitgltI On SAliiilstlIiE- iipt
ing the deterioration in earnings growing
out OF d small cotton movement Sugar
was q prominent feature N The advance
on heavy dealings. III which the demand
from the shorts was large factor. ilese
special points of strength were the van
tagc points from the late general advance
in prices inaugurated. There We're fu-
IrorS all day OF the relief oil LtdNSnllh
but as London sold more stocks than she
bought in this market. the G'umors were
without much effect. II IS estimated mat
the associated banks had gained up TO
Thursday night nearly SlGHJe,Upo III cash,
the estimate being based on figures iur-
nlShed by the principal banks of the d.
rect export movement. OF this total
operations with the sub Treasury have
furnished $4lou,G3o There has been no
evidence of any large loan expansion III
the stock market, but the timc-money
market and that for mercantile paper has
been quite active. \ notable incident IN
surplus reserve is, however, considered
assured.
The market for railroad bonds continued
broad and active all day, and strength
WAS general throughout the list. Total
sales. par value, s.. 100000. United States
i ; declined \ and new As coupon adj
vLnccd u III the bid price.
The total sales of stocks were :jii-JGo
shares. Including the following: Atchison
preferred. 122,ISi: Burlington, 1000: Man
haitian. 5.9sj: metropolitan. $50; Mis-
souri, Pacific, i5,115; Norfolk and West
.. IL
WAY. 3.4O9: Southern Pacific 1:i.oio: Texas
Pacific .,,;i2l; Union Pacific. 2l,22l; Amer
lean Steel and Wire 100; Tobacco. H.
1Gu: Brooklyn Rapid Transit, u.s.: ST.
gar, 4S,01S: Leather, 1.l1u.
MONEY AND EETCHANGE.-Mo on
call steady at 3d3l@ per cent; last loan
at 5 per cent; prime mercantile paper,
sac per cent. Sterling exchange heavy
with actual business in bankers bills at
$t.s6Ts for demand and at 81. 81. q. SIS for
sixty days: posted rates, Si.Si1@GifSy and
Si.sS; commercial bills. S4.S5n 81. Sill
Ver certificates 5al2a6Ol4: bar silver: ,'99s:
Mexican dollars. i1ia. Government bonds
steady; State bonds steady; railroad bonds
strong.
BANK CLEARINGiS.-To bank clear
ings for the week were $1.IlS,il6,Sei. an
increase Of 1871 per cent: outside of New
York city, S67J,397,0IS, an increase of IA
per cent.