The daily morning journal and courier., 1901-12-25
E,na,tcta1
 THE STOCK M1RkEI.
Continued Speculation for Fall In
 Sugar

| Sugar.
 | New York, Dec. 24.-To-d days aggre- gate dealings were slightly in excess of those yesterday, principally by reason of the continued active speculation for fall in Sugar. The dealings in the
 general market were in the hands of professional traders and only a small
 part of the days operations originated
 outside the board room. The late re- covery in prices after the steady down. ward tendency of the early part of the
 day was sufficient to put the profess
 sional stamp upon the days market.
 Even in Sugar, although there was ob-
 viously very large liquidation, the
 largest traders on the exchange joined
 actively in the selling for short &C.,
 count. There were sales of 1000 shares
 during the day by individual brokers,
 and some of the largest sellers bought
 to cover before the close. The stock
 was forced down at one time to 103 Is,
 representing a decline of Is from
 the last nights level The demand
 from the shorts rallied it to 106 3-4 and
 the closing was at 1855 1-2 representing
 a net loss of 3-4 The traders offered
 pessimistic arguments of the very
 large accumulation of stocks, the wip-
 ing out of a profitable margin in the
 price and the threatening increase in
 the production of beet sugar. Parallels
 were drawn with the copper episode to
 point to the inadequacy of the great
 industrial combinations to regulate and control trade in staple products. Mean- time, the copper market in London
 made turn from it's long downward course and rallied quite strongly. Amalgamated Copper here resited the general weakness of the market and rose at one time 7-S over last nights closing with a net gain of 3-S. There were a few other stocks which made headway against the prevailing depres- sion, notably the Hooking Valley stocks which rose 1-2 and Is respectively for the common and pfd., on the re- iterated rumor of the projected retire ment of the pfd. The American ice stocks were fairly bouyant, the common rising 3 3-8 and the pfd. on reports that the company is to embark in the coal business in New York. The sell ing movement in the general list was based upon the expectation that there would be furry in call money during the day on account of the requirements to carry over the holidays. The bears also counted upon the depressing inf1n- ence of continued weakness in Sugar. The early rates for call money proved to be he highest and lenders who held out for the high rates found themselves with funds unplaced. The offerings of his residue carried the rate down be- low per cent in the afternoon and was the effective factor in driving the shorts to cover. The bears, however, showed natural inclination to gather | in their days profits before Christmas. The market was reflection of the holi- | day season throughout. The closing | was fairly steady at the rally and with l the wider losses mostly reduced to a l fraction, except in St. Paul and Union | Pacific which were under conspicuous | pressure all day, on account of the un- easiness caused by the onslaught upon | Union Pacific interests in the public | statement by President Hill of Great l Northern. Lake Erie dropped 3 3-4 and l the pfd. four on single sales.
 The bond market was dull and irreg- | ular. Total sales par value $1, ,92O,O OO0
 United States fiives declined IA but l all other issues advanced IS on the closing call