The age-herald., 1902-01-30
MOVEMENT ID SELL
 GATHERED FORGE Yesterdays Gains Wiped Out. Close Active and Weak. .'s.-
 MARKET RUT OF DULLNESS Price of Metal Lifted Another Frac- ton and Buying In London Con-
 tinued Very Large-Insiders
 Added Influence.
MARKET RUT OF DULLNESS

New York, January 2e.-There was revulsion of speculative sentiment in the stock market today, and the movement to sell gathered force up to the close which was active and weak. Generally speaking yesterdays gains were wiped out.
 The movement had no other obvious cause than the desire to take profits on the professional traders who had bought yesterday or earlier. It LOOK only about half an hour of trading after the begin ming to show that the slightly increased demand attracted by yesterdays sharp advances was being used for proft-taking sales and repressed all tendency to ad- vance beyond small fractions. The con- tingent of bear traders was quick to take advantage of this situation and to offer down prices, taking the market away from the sellers. The character of the whole market thereupon relapsed into the rut of dullness and professionalism. The animation of yesterdays late demand had aroused strong hopes that the great bank ing interests which control the large sys- terms were once more embarked upon a movement to put up prices and make a Synu1cdLe or SSCurl- ties. Conditions remained unchanged so far as known. The price of metal was lifted another fraction. and the buying in London continued very large. There was some selling by brokers usually employed by insiders, but this was the case yes- terday. This selling and the appearance of disapproval of the advance by insiders seemed to have added influence on senti- ment today. The stock lost points on the day, closing within a shade of the lowest
 Sugar showed the effect of disappoint- ment over the failure to advance refined sugar, and losses of 13s on the day oc- cured. The large volume of trading in these two specialties gave them large in huence on the market. The feeling in re- gard to the outlook for peace in South Africa was not so confident today. A number of unfavorable reports of De- cember net earnings were a depressing influence. Cleveland, Cincinnati, Chicago and St. Louis. Chesapeake and Ohio and Ontario and Western reported consider able decreases in their net earnings for December. The action of the United Mine Workers convention in providing for strike fund had a somewhat sinis- ter effect on the trading Money contin. ued to grow easier. The heavy balances of the clearing house of some of the in dvidual banks give rise to the supposi- tioil tiletl idFSe SynulCale lTdHSdCLlOnS are going on in the financial world of which the public was not informed.
 There were sharp gains on small trans actions by a number of dormant stocks including several of the express stocks the National Salt stocks, Nashville. Chattanooga and St. Louis, the New York city rapid transit and number of minor industrials.
 The bond market became irregular in SymDathy with the weakness of stocks Total sales, par value, $3,3O0,0O0. United States 5s registered advanced N per cent on the last call.
 New York Stock Market.
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