The daily morning journal and courier., 1901-12-28
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 THE STOCK MARKET.
Yesterday's Dealings Increased Over
 Those of Day Previous

New York. Dec. 27-To-day' deal
 ings in stock were in excess of
 those of yesterday and the market had
 the appearance of strength and aetiv-
 ity throughout A closer analysis of
 results will show however that the &C.,
 tivity and strength were much con-
 gested in a few prominent stocks. In
 fact there was active realizing going on
 all day and when belated borrowers on
 call found the money rate rising sharp
 ly over their demand the movement to
 realize became general The top level
 of prices was considerably reduced as
 a consequence and the market showed
 no disposition to rally, closing dull and
 steady at the reaction. The highly
 speculative industrials were the con-
 spicuous features of the market all
 day. with Sugar still in the forefront
 but with a considerable revival of spec
 ulation in Amalgamated Copper. Su-
 gar wavered in the early market after
 opening a fraction higher and touched
 Ill 1-2 before the support in the stock
 became effective. It was lifted by sue cGSSlNe SldkeS lO III 90 ditU SiOaGh sAS
 115 3-S, net gain of 1-S on the day and a net loss of 1-2 since Saturday.
 The weeks campaign in the stock by
 the bears was thus pretty conclusively demonstrated to be failure. The price
 of refined sugar was advanced by all of the companies to-day and the bears continued to be harassed by intimations
 of the advantageous position of the refining companies in spite of the pre- vailing low prices of the worlds large
 sugar supply There were also con- fident predictions that the import du- ties on crude sugar would be reduced.
 Similarly hopeful views were express 1 ed regarding the copper industry and Amalgamated Copper with the dividend off. advanced to 3-4 and closed point
 lower which is equal to a net gain of 2 3-S. The speculation also contin- ued active in Manhattan and that stock
 rose an extreme 2 points but shows net gain of only 3-4. In the railroad | list the principal activity continued to | center in the coalers and in the trans | continental group. There were indica- tions of proft-taking in some of the | coaiers. notably in the Hooking Valley stocks which show losses of 1 to 1 1-2 after allowing for the dividends off | There was a large absorbtion of the
 Readings, but the common stock was the only one which rose appreciably. New Jersey Central gained 3-4 | Amongst the rans-continental stocks Atchison showed the greatest strength on the favorable showing of net earn ings for November. The appearance
 of the long expected annual report or Irnion Pacific caused some realizing in | the stock. but it rallied well. The buy ing in the general list seemed to come from large interests and orders were
 executed by individual brokers in large amounts. The buying was apparently 1 based on confidence that the money supply is adequate to carry the market through to the period of relaxation in January. Additional reports of de- | creased earnings for the third week in December of number of important 1 railraa5 svstenns in the south, south west and middle west were apparently without effect and did not modify the | strength of the market.
 There was some evidence of invest ment demand amongst high grade | stocks.
 The bond market was active and strong and also reflected investment | buying here and there. Total sales par | value $3,550,000.
 United States 2s declined 1-s the 5s registered IA and do coupon 3-4 on the 1 last call.
 NEW FORK STOCK MARKET.