The Minneapolis journal., 1901-12-26
SHORTS DISQUIETED
Firmness of Manhattan and Sugar
Causes Heavy Covering.
EARLY LOSSES SOON RECOVERED
Prices Near the Best at the Close
of the Market After a Gem
eraI Rally.

! New York, Dec. 26-Dealings were in small
volume at the opening and were narrowly
distributed. The specialties were very irreg
ular. Sugar continued its downward course,
losing point in the first few minutes. St.
Paul declined nearly point and Metropolitan
Street Railway IA American Ice and West
lnghouse Electric rose a point each. Bear
selling OF the other specialties was encour-
aged by 2-point decline in Sugar and Anal
ganated Copper. Brooklyn Transit, General
! Electric, Pressed Steel Car company and the
Pressed Steel Car stocks declined 1@2
/ Railroad stocks held rather WELL but were
quiet. The shorts became disGuieted by the
! hrniness Of Manhattan and Sugar, and they
covered heavily, lifting the former 31R and
! the latter 47s to 10S12 Some large blocks Of
| other prominent stocks were taken and recov-
cries of earlier losses were quite general
The Pacifcs and New York Central were ad-
vanCed strongly. Westinghouse Electric de-
| clined 4 points and Hooking Valley 2s4,
and the preferred and Kanawha Michigan
point each.
! Trading became broader and active, and all
the principal stocks sold higher. Sugar
| touched .109 Many less prominent stocks
gained point or two. including Delaware &
| Hudson, Glucose, Hooking Coal, Great North
ern preferred, Pittsburg, Columbus, Cincinna-
! ii st. Louis preferred, st. Louis South
western preferred Western Union and Wheel
ing Lake Erie second preferred. Westing-
! house Electric gained in ALL The market
was ct the best at noon.
! Amalgamated Copper advanced strongly to
6913 on very large buying, and lifted the gen.
/ ersl market in sympathy, Sugar touching 109.
Metropolitan Street Railway rallied "a Ana
conda, Lead preferred, Tennessee Coal, Rock
Island and Chicago Great Western preferred
| B rose 1@113, Westinghouse Electric rose by
wide intervals 13 points over Tuesday night
and reacted g. Sugar and Amalgamated re-
acted over a point The general market was
slightly easier and became intensely dull
| Operations in Sugar were very large
scale They were pushed up anew to 1909
with the short covering heavily. To-day's
close was 1861. and it held as low as 1885
/ This morning its buoyancy benefited the gen.
eral market, and there was some special de-
mand for the coalers and Pacifcs at advances
| of 1924. Northwestern advanced 212 Pull
man "a and Glucose preferred l. Smelling
| recovered its earlier loss.
! Room traders took their profits on to-day s
! rise in Sugar and Amalgamated Copper for
| cling back the former points and the latter
| Ia. The impression on the general list was
not important, except as it checked the ad-
vance. renewed demand from uncovered
| shorts carried Sugar up with a rush to 1131a
and the general market moved up strongly
again. st. Paul, Atchison and Missouri Pacific
rose more than points over Tuesdays close.
! There were recessions in the more volatile
stocks, but the closing was generally active
| and strong and near the best.
| Bonds were firm.
Stock quotations reported for The Journal
! by Watson & Co., brokers, Chamber of Com
merce, Minneapolis:
! Closing figures are bid.