The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-01-21
FINANCIAL AND CONMERCIAL-
SATURDAY. Jan. 20.

SATURDAY. Jan. 20.
The bank statement to-day was fully a.
favorable as had been expected. IL ia'ied.
however. to exert any special influence on the
stock market. A a fact. the disposition Oh
operators was TO close trades ana await ue-
velopments In South Africa The consequence
was lower prices for many OF the stocks on
what is commonly described as the active list
Tho declines, however, were not imrortanI
The business altogether on the STOCK Ex-
change was light and the cable reported
practically stagnation In stocks In LONDON
where the speculative community was waiting
for war new
The bank statement disclosed a gain OF Sll,-
$4,000 In cash. which was an amount larger
than had been estimated and proved mat
money was flowing % this centre from the IN
terror In heavy volume. For another thlng the
bank statement was made up on rising aver
aRes. and tho position OF the banks was pre-
sumably better than the statement Indicated
An increase OF S4.57ol00 In loans was rather
surprising. and was accounted for. In a
measure at least. by q considerable In
crease in the transactions In bonds. The
surplus reserve now stands at s24. 1880. or
$l0,50S, 600 less than q year ago, The amount
OF cash In banks was then $3l $4,000
kTthttT tUdu NJ ITcbtuI uuu ucpOeic "VsS
SS2. $50 900 greater. The quotations for
money. both on call aud on time. we're
.still further reduced and the tendency
OF discount rates abroad was distinctly
toward q lower level. The belief was that the
Bank OF England would make another reduc-
ton In its rate the coming week should British
military operations be attended with any
success.
The stock Of the American Sugar Refining
Company was again conspicuous In the trading.
and II displayed considerable strength. The
sugar trade warts seeming ly stopped. although
Il may be resumed later. The desire OF all the
concerns engaged in the manufacture OF sugar
appears to be to make money. The demand
for sugar at this time ia not particularly large.
which makes It the more remarkable that the
Independent refners instead OF fighting the
American Company to market their out
put are. 0without exception. adopting It's
prices and terms OF sale. Realizing
resulted In a fall in American Tobacco. Third
Avenue Railroad displayed weakness despite
the announcement OF the completion OF ar
rangements for dlscharging the company's
floating debt. Manhattan Railway. Metrop0li-
tan Street Railway and Brooklyn Rapid Transit
lost fractionally In price, The dealings in
| Missouri Pacific were on q good-sized scale and
the stock was firm. There was a fair degree
OF activity in Southern Pacific and Union Pacific.
but these stocks changed only in price. The
stocks OF the Anthracite coal roads were not
affected by the labor troubles in the coal
regions.
As compared with the final prices OF last Sat-
urday. the majority Of stocks are higher. The
more 4 important net advances are In Missouri
Pacific 81 per cent. Brooklyn RapidlTransit rs.
American Sugar Refining. Chicago Great West
ern. Burlington and Quincy and Norfolk and
Western IN each. Northern Pacific X. Ameri.
can Tobacco. st, Paul. New Jersey Central and
Union Pacific preferred l each. Union Pacific
y. Atchison preferred. Southern Pacific and
Texas Pacific I each. Chesapeake and Ohio.
Louisville and Nashville and United States
Leather 4 each. Cleveland. Cincinnati. Chi
cago and st. Louis. New York Central. Penn
s~ylvanla Railroad and Peoples Gas y per cent.
each. The noteworthy declines are In Balti-
more and Ohio l., per cent, Metropolitan Street
Railway ~. Baltimore and Ohio preferred and
Manhattan Railway y each, Colorado Fuel Y
and American Cotton Oh y per cent.
-