Evening star., 1901-12-24
Another Slump in Sugar Due to
Trade Conditions.
ST. PAUL UNDER PRESSURE AGAIN
The Railroad List Generally Was
Inclined to Heayinesa
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK. December PA further
sharp decline in American Sugar had an
uLsettiing influence on the entire stock
market this morning. The trade reports in
oicateo that sugar was being sold nj al
most no prof1t, and recent purchases OF long
STOCK were thrown over without regard for
prices. Boston was again a liberal seller.
ana the trading element was almost wholly
upon the side OF lower prices. The occa-
sionAi rallies In the stock were short-ityed
because OF rather plentiful supply OF long
stock =, '0Ne
Inc cuban bounty and the inroads being
made by the beef sugar industry are cred
ited with the present depressed conditions
OF the trade. but there is, unouestionablv
more interest in the former than In the lat
Ter subject A campaign in sugar similar
TO the one made famous during the las,
'arin discussion Is now under way. In
side interests are active. and It is hazardous
10 try to guess their intentions.
During the weakness in sugar there was
quiet buying demand in Amalpamated
copper which suggested a covering OF short
contracts. The interest Of the street In the
latter STOCK has fallen on materially, but
trade conditions are not encouraging.
hooking Valley was one OF the few stocks
"nicn held well In spite OF the general
heaViness. the coal stocks as a class selling
on uhoer proht-taking sales by the room.
l,iouio .ne low prices this group was given
excellent support.
The selling Of st. Paul forced the nr,ca
on rather sharply at one time during tha
morning several large selling orders COM
IIe into a very narrow market Union
fsclnc was depressed and Southern pa
clnc also yielded to mixed selling by speou-
lstive interests. The dissolution OF the re-
s.rainIng order In the matter Of the retire.
ment OF Northern Pacific preferred was re-
garded as hopeful sign in the develop
ment or the Northwestern plans for har
mony. In spite of the litigation promised
IA connection with the Northern Securities
company. the interests behind that enter
prise are extremely sanguine of success
once the question OF legality is settled
tnere are several similar plans to be an
The Gould stocks were Irregular .ou.
seling OF Missouri Pacific being noticeable
IN quarters hitherto regarded as extremeiv
trienaly ~ 70 the company. As this property
plans. fits movements are watched wits
more than ordinary interest
me industrial list was moderately firm.
IN spite or the heayiness In railroads, a. q
result or the remarkable reports of pros
perfty In trade. The booking OF orders by
the iron and steel companies. and the com.
panies producing railroad supplies Is one Of
the most encouraging signs In the mar
ket- This activity while insuring rood
earnings to the companies producing or
manipulating such supplies is the strong
lest evidence OF the prosperity Of general
Business affairs, II unhampered by mis-
snievous legislation. are decidedly promis-
sng tor the new ear. There is however
9 drift In politics. intended to be remedial
Which Is not altogether reassuring
Nhe money rate advanced again to & per
ceat, and traders were again warned not
to Overload accounts The market is wall
IN 2and Tor small affair, but OVERRIDING is
not going to be allowed. To get safely
over<t the next ten days Is the first concern
dence. of their ability to handle a situation
In which conservatism Is substituted for
cash.