The age-herald., 1901-01-17
LITTLE SUPPORT
 IN STOCK MARKET Excessive Confusion of Specula-
 ton Was Evident. WHOLE LIST WAS AFFECTED Prices Decline on Heavy Pressure. Temporary Rallies Occurred, But Close Was Unsettled and IT,
 reeular-Ranee Was Wide
WHOLE LIST WAS AFFECTED

New York; January 16-The excessive confusion of speculative opinion today was shown by wild and frequent fluctuations in prices often conflicting in different groups of stocks. An evident effort was made to differentiate the movement of the steel stocks from that of the railroad stocks. The action of the steel group yesterday made 1t very evident that a decline in them was to be faced. Some effort was made at the opening to contest this event and supporting orders effectetd rise of point over last night in the steel and wire and tin plate and of 1% innational tube, but the last named stock was the only one which retained any show of strength in the later dealings.
 There was some show of support fin Fed eral steel early in the day and after an opening decline of 1A 1t rallied a point, but the selling of the stock was persistent and urgent on account of disappointment by speculators that no action was taken at yesterdays meeting to secure quart erly dividend for the coming year in which there had been great faith. There was oc- casional rallies in stock and 1t was lifted vigorously at the last two points above the lowest, but manipulation was palpable in the rally. At the low level this stock was Ii below last night and the profits was off 3k
 Next to this tin place was most acutely affected in spite of yesterdays per cent. dividend declaration and fell on extreme 1 points. Colorado fuel was down SIS, Amer ican hoop 3, Tennessee coal 2a4 and others of the group from 1d1A. The conditions in the railroad list were exceedingly irregu- lar during the early dealings, but there were sufficient points of strength to over come the few opening declines caused by sympathy with the London market and with weakness for the steel stocks. The closing was unsettled and irregular, but there was no evidence for any demand for other than short interests.
 The announcement of gold export today for tomorrow's steamer did not seem to affect sentiment, as the early strength in the market developed after the shipments were known. The accumulation of money at present continues on so large a scale that the interested rate intended lower to pay in spite of gold exports, and the soft ness of the exchange market showed that the absorption of exchange bills sold against the gold export was not easy.
 The bond market was moderately active and eased off in sympathy with stocks. Total sales par value, $2,390,OOO; United States old As declined 1s per cent and 5 registered A per cent on the last call.
 New York, January 16.-Money on call steady at 21aQS per cent; last loan, 21s.
 Prime mercantile paper, 4@5 per cent. Sterling exchange barely steady with act ual business in bankers bills at $4.S7@4S71s for demand and at $4S3A4.S3as for sixty days. Posted rates, $4S41s and 4SS
 Commercial bills, $4S21a@4.S3. Silver cer- tifcates, 641s@65h Bar silver, 63ss. Mexi- can dollars, 49%. Government bonds weak; State bonds firm; railroad bonds irregular.
 New York Stock Market.
 tBy Private Wire 10 Murphy & Col