The Washington times., 1902-01-30
LOWER PRICES
AT THE CLOSE
Market Opens Buoyant, but
Soon Becomes Heavy.
LONDON FAILS TO DEAL HERE.
Optimistic Views Held On This side
Regarding Peace Ncgotia-
ton. We're Too nnsty.

NEW YORK. Jan. 29.-ln view of
the hopes based upon yesterdays
news to the effect that oNertures fer
peace had been opened by the Dutch Coy
ernment on behalf OF the Bovra 1t MAS
natural that speculative attention this
morning should turn toward the London
stock market.
Jumped nt Conclusions.
II WAS soon asoerlained ShsI Wall
Street had rather jazapea al eenclesloua
Yesterday ia believing that ,ae opeuins "
uesotiationS ipsel5ea the virtual eesss-
Ijen q hcssisiytcS. SEd - .ae ~esle the
general eggi,tae c5 yhe Le&dcn market to
day vas atsaeesa.sre< Sc tsesl $ssce'Aters,
IRE tcBe q tee RaaFAeg saeFe Nss aPea,
Ceasei$ advanced eae-R2tg sete;. % their
aizasSl Pgse@ 52s Tx Sezs Iee Cerper
stocks seee eecste,1tS stscaS- SRA 4 buoy
srt >SPeeulagses sss ces4sete1 IT South
African raiRhsS sasgVs-
shared Strenste fwehiy.
American Syccks. however. participated
but teehly IN the strength Of the London
market AZ large. The advances scored in
that department were only fractional and
they we're not followed up by extensive
dealings in this market for foreign ac-
count. the total purchases On balance
amounting to only about 1900 shares.
Partly in consequence of these circum-
stances the stock market. after opening
active and buoyant. relapsed into dullness
and irregularity.
Awaiting Information.
The optimistic views entertained yes
terday respecting the disposition of the
Northern Securities case by the United
States Supreme Court appeared to pre-
vail again today. but pending definite in
formation in that respect there seemed to
be tendency toward the realization of
profits on the advance.
The reactionsry tendency Of Amalga-
mated Copper. Sugar Refining, and other
recent leaders of the market likewise
played some part in its noted course.
News FavorabIy Construed.
The days news, such as it was, could
be fayorably construed. The days re-
turns of railway traffic were excellent
showings: there was further advance
in the selling prices for copper; reports
were received of further heavy falls of
snow all over the winter wheat belt and
a prominent operator, who for some time
has been away from the street on ac-
count of a slight indisposition, appeared
at his Office today for the first time in a
fortnight.
The strongest features of the railway
list today were the Southern Railway
shares. the preferred stock advancing
materially on the now general conviction
that the dividend will be established upon
a per cent basis.
Railway List Irregular.
Tne movements in the railway list at
large were, however, for the most part
limited and irregular. Strong features
were Louisville and Nashville, Rock Is
land, Southern Pacific. and Texas and
Pacific. Rather wide fluctuations were
noted in both Southern and Union Pa
cifc. the first named declining rather
rapidly from an advance made in the
early dealings.
Little of interest resulted from the
dealings in the local traction stocks. AS
already noted. both Sugar and Amalga
mated Copper were reactionary, with
nothing aside from technical market con-
ditions to be cited in connection with
their course.
Steel Falls Into Line.
The United States Steel issues opened
strong, but subsequently followed in line
with the remainder of the issues Money
continued easy all day. The closing
s,,