The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-11
NET CHANGES
WERE NARROW
fluctuations 10 Stock Prices Wide
and Eccentric.
BONDS DULL AND IRREGULAR
Volume of Stock Dealings Was Small aud
DuIIaess Was The Leading Characters
issie OF The Day-Ione Leaned
Toward Depression.
BONDS DULL AND IRREGULAR
(By Associated press.o

NEW YORK. Jan. 1o.-The condition of
neglect and professionalism into which
'he STOCK market Is tatllng became more
eFloeht to-day, not only in the smaller
HoiCine vi the trading put in me ,cceu-
INC fluctuations OF prices. The net
changes III the majority OF the list will
&c found narrow, but The days range was
e o..I 0 ana the changes constant
ana various. The rule OF operation has
laj!en back to the professional room-tg
eis naSis, selling on advances and buying
on slight recessions.
he speculation continued quite active
IN Sugar and Manhattan but even in
these the characteristics were profess
soma s;t,. IN Sugar attempts were made TO
ali the stock on the assumption that
Cuban duties would be RENTED. Man
haitian was affected by realizing, but was
lHted al one time point over yesterday
Generally speaking, the characteristic
lack of outside intet.S- and the discon-
nnuance Of operations by the larger spec
uiauve interests. The tone leaned to-
wards depression, as the lack of demand
made the market vulnerable to even light
selling pressure. The abandonment of
the bull campaign in United States Steel
and the desire 10 await a better defined
status Tor the Northern Securities Com
pany were general considerations detract-
ing from speculative interest.
The announcement of the suspension of
trust and savngS institution in Cleve-
land was regarded as an episode, unirn-
1crtant in its immediate results. but
which has n rather sinister significance
fl its possible Interior bearings The sus-
pension was associated in the Wall Street
mind with the difficulties OF the Everett
Moore Syndicate, which have been a
rather depressing circumstance in the
Wall Street background for some time
past. The feeling In favor of conserVat-
ism in the extension of both credits and
speculative ventures was strengthened by
this event.
There has been an extensive specula-
ton IN Delaware and Hudson on a con-
fdent assumption that the dividend on
the stock was to be Increased. This as
sumption was strengthened by the action
o. the New Jersey Central directors in
jumping their dividend rate from TO S
per cent. The action of the Delaware and
Iudsen directors to-day in limiting the
distribution of last years profits to per
CENTS TO be disbursed quarterly, was,
therefore, a keen disappointment, as it
represented no better return than that of
last year. The stock was sold heavily,
causing a break OF 6 points. with an in
f1uence on the whole market. The UNI
hanged dividend on Louisville and Nash
willie was also n disappointment though
IN a much less degree. The market failed
entirely to respond to the promise of
favorable bank statement tom -, "
The bond market was dull and rather
irregular Total sales par value. S2.S,5.-
900 United States bonds were all IN
changed on the last call.
The total sales of stocks for the day
were J6S 400 shares.
MONEY AND EECHANGB--Money on
call firm at 4G5 per cent; closed bid and
asked, 415G5 per cent; prime mercantile
paper, 56:1ta per cent Sterling exchange
steady with actual business in bankers
bills at S4.sI1SG4. S7h for demand and at
Ed s4IktQ4 SAY for sixty days; posted rates,
E4 s. and Sass: commercial bills. 81 $3.50
d S3.k Bar silver. 5S5S: Mexican dollars,
f4Z Government bonds, steady; State
bonds strong; railroad bonds, Irregular.
Total bank ciearings for week ended
January 9th, So SIG, 461,S 9T: increase. Ga
per cent Outside Of New York, S91f.-
t35. 191; increase, 16.5 per cent
sg STOCK QUOTATIONS.
FmnitSeasS Messrs. SCOTT & sTRlNeFELIow,