The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-19
IN THE STOCK MARKET.
No Marked Change Is Shown From Pre-
vious DuIluess.
SUGAR BREAK UNSETTLED WHOLE LIST
=, shaved .r Advance Early an the
Tred,rs--Lcrdcn was strong
CT Wa Runners.
JGAR BREAK UNSETTLED WHOLE. LIST
fsp..,,l 10 RI. Pest.

New YORK January N.-S. Murr' SOC a
Co say of stocks.
Stocks, though quiet were slightly higher
on the news that General Butler was across
the rusea river and rumors that Ladysmitn
has been relieved Besides money was easier
here and abroad and London stock prices
were up Furthermore the Bank oil hngianu
rate OF discount was reduced u. to AZ Per
cent London bought 10000 sheresi moStly
low priced stocks like Ontario and Western
and Chesapeake and Ohio. Today ~ per cent
was bid for the dividend on Steel aud Wire
common to be declared, IL is supposed. on
January 20 Traders hammered sugar and
broke II sharply TIE short interest in the
general list is still large, though not so large
as YESTERDAY, good deal OF covering having
been done IN Brooklyn Rapid Transit Third
Avenue dropped I per cent. II Is said that
all the t2i. roo 900 OF new stock authorized, but
rot yet issued rill be used ~ IN ways
already provided for stock sales we're 21S.
600 Bonds jumped to ss.55o,5oo and were
generally higher Louisville, Evansville and
St Louis consols advanced 6 per cent. Money
here was 2d2ts, closing at 2 per cent
We believe IN buying good railroad stock on
ell derressions.
New York. January ts.-The stock market
showed no marked change from those Of pre-
vous days and general lassitude was the
characteristic One or two railroad stocks
and Western issues and Union Pacific. The
Baltimore and Ohio stocks were also bought
in moderate volume. Yesterdays movement
IN Leather, from which spectators hoped the
market would receive an impetus, dwindled
away and proht taking depressed the price.
sugar was advanced in desutory manner
during the early part of the day but in toe
afternoon broke over points from the ton
ieVel and unsettled the whole market. Cover
ing Oy the bears in Sugar and the late d.,
msnd for Union Pacific stjfened the uarke
again and SERVED to retrieve part Of t1e
declines, making the close firm and the net
tLanFes mixed There was marked absorption
Oh new aud reorganization bonds which
served az a background TO the strength of
the whole market for securities The under
tone was Enthusiastically firm, and in spite
OF the very light demand there vas no pres
sure 10 sell tho stocks. The further reduc-
tlon IN the Bank OF England's private rate
o. discount and the weekly return OF the
udQh served 10 confirm confidence in the
money outlook. The strength in London on
the measer news from South Africa cautc /,
some reflected strength in the New YORK
STOCK market Reserves continue to accumu-
late in the New York banks both nv rsason
OF the intiux of funds in the Interior deposits
Of internal revenue collections with the banks
ana extraordinary government disbursem epts
oy the suotreasury on account OF the pen
sions. The stock market demand for money
for call being very light funds are prtss.
ing more and more for employment in time
loaus. winch are quoted as low as A. per cent
on all railroad stock collateral EXTRAORDINARY
loans are even reported at per cent and
mercantile paper Of high grade is coming
into additional demand at per cent To-day q
strong undertone In stocks was snphasi1sd
by the good reports received during the day
or railroad earnings for the second week in
January The hardening tendency OF sterling
eSchange is viewed with tranquility becaus,
the Bank Of England has Withdrawn its on
SESSIONS on gold exports. thus raising the
gold export point for exchange cons derablv
anove that at which gold has recently gone
ne improved demand for bonds is nat
nIai result OF cheapened rates for money ard
y pressure Of capital for productive s-n-
ployment. Business was fairly distributed
and advanced quite unitormiy
Total sales par value, 50 2S5 600