The age-herald., 1902-01-26
EXTREME WEAKNESS
 IN STOCK MARKET Trade Was Narrow Compared With Recent Strength MANY SOLD FOR PROFIT The Market Closed Active and Steady at About the Low Polnt-spe-
 cialties Suffered With the
 Balance of the List.
MANY SOLD FOR PROFIT

New York. January 25.-The weakness of today's stock market was about as narrow as the recent show of strength and seemed equally due to professional operators, who took their profits in spe- cialties that have advanced recently Sugar, Metropolitan Street RAILWAY Cleveland, Chicago, Cincinnati ana St. I,ouis. and Amalgamated Copper were all thus affected, the last showing good power of absorption. New York Central was depressed by the coroner's verdict holding its officials responsible for the Park avenue tunnel disaster. There were sharp advances in Rutland preferred, St. Lawrence and Adirondack, Peoria and Eastern, Chicago and Eastern .llllnois and the National leading stocks, the last on the announced advance in the price or lead The decline in the bank statement was probably due to its failure to attract any buying to absorb the profit taking. The gain in cash was fully up to expecta- tions. The fact that interior institutions have been placing loans in New York led to some hope that a corresponding reduc- ton in deposits would result to the New York banks, but the statement failed to show this On the contrary, loans of the local banks have expanded $2, 413 800. The influence of this showing was emphasized by the mpilation of the annual show Ing of the New York Trust Company. The loans on collateral by these institu- lions on December 31 were $54O, 2OS, iO6, compared with $3S7, ,911, 414 the year before. The market closed active ana easy at lbout the low point.
 Prices of stocks have drifted sluggishly upward or downward during the past week. The operations have obviously been entirely in the hands of professional operators and as their buying was sim ply with the purpose of reselling at a slight advance and as their selling was simply proft-taking on early purchases or to cover at a slight decline in price, the weeks transactions have resulted in little real change in the relative posi- tion of holdings.
 The Bank of France and England show a strong condition in Paris and London and little inducement to call home capi- tai to that center is manifest This con- dition has direct bearing on the New York money market and promises oppor- tunity for renewal of the foreign obli- 'gations of this market, which are known to be heavy and which it was feared would have to be met by gold exports. The export of less than $500,000 in gold on
 
 of New York subscriptions to the German loan and not regular exchange transac- ton. The accumulation of idle capital in Berlin was a condition sure to result from the prolonged liquidation and de- precision in Germany and the movement E@to reinvest it may be regarded as sign of the turning point of the long depres- sicn has been reached there. No sign r has been seen, however, that German capital is seeking any investment in the New York securities market. In Lon don also the easier money conditions and the hopes of an early termination of the Boer war have led to lively revival of the "Kaffir" investments but London has shown no disposition to embark in New York stocks.
 The different classes of bonds were firm but cratic all week.
 The U. s. refundng 2s the 3s registered and the new As advanced A and the old As B per cent The 5s registered declined 3S and 5s coupon 4 from the closing call of last week.
 New York Stock Market.
 By Private Wire to Murphy 6 Ca