The age-herald., 1901-12-28
MARKET SHOWS
 SOME ACTIVITY There Was Realizing All Day and Money Was Dearer CLOSED DULL BUT STEADY Highly Speculative lndustrials Were the Conspicuous Features of the Market All Day, With Sugar
 In the Forefront.
CLOSED DULL BUT STEADY

New York, December 27.-Today's deal lngs in stocks were in excess of those of yesterday and the market had the ap- pearance of strength and activity throughout. A closer analysis of results will show however, that the activity and strength were mainly in new prominent stocks. In fact there was active realiz- Ing going on all day, and when 'belated borrowers on call found the money rate risine sharply over their demand, the movement to realize became general.
 The top level of prices were consider lbly reduced as a consequence, and the market showed no disposition to rally, closing dull and steady at the reaction.
 The highly speculative industrials were lhe conspicuous features of the market all day with sugar still in the forefront, but with a considerable revival of specu- lative feeling in Amalgamated copper. Sugar wavered in the early market after opening a fraction higher and touched l111a before the support in the stock be- came effective. It was lifted by success sive stages 117ss, and closed at 1159s, a net gain of 3A on the day and net loss
  paign in the stock by the bears was thus pretty conclusively demonstrated to be a failure The price of refined sugar was advanced by all of the companies today and the bears continued to be harassed by lntimations of the advantageous position of the refining companies in spite of the prevailing low prices of the worlds large sugar supply. There were also confident predictions that export duties on crude "a l.. Ctt.s.s1 ,-1x T.. iul views were expressed regarding the copper industry and Amalgamated copper, with the individual off, advanced to 11A md closed a point lower, which is equal 10 net gain of 2ss. ] he speculation also continued active in Manhattan, and that stock rose an extreme 2 points, but shows a net gain of only %.
 In the railroad list the principal activity continued to center in the coalers and in the trans-continental group There was indications of profit taking in all of the coalers, notably in the Hooking Valley stocks which show losses of l to IF after allowing for the dividends off. There was very large absorption of the Readings. but the common stock was the only one which rose appreciably. New Jersey Central gained 3A. Among the trans-contnental stocks Atchison exhib- ited the greatest strength on the favora- ble showing of net earnings for Novem- Der. The appearance of the long expect ed annual report of Union Pacific caused some realizing in the stock, but it rallied well.
 The buying in the general list seemed to come from large interests and orders were executed by individual brokers in large amounts The buying was appar- ently based on confidence that the mon ey supply is adequate to carry the mar ket through to the period of relaxation in January. Additional reports of de- creased earnings for the third week in December of a number of important rail- road systems in the South, Southwest and Middle Vest wer apparently without eff feet and did not modify the strength of the market. There was some evidence of investm ent demand among high grade stocks.
 The bond market was active and strong and also reflected investment buying here and there. Total sales par value s. $50, = poo. United States refundng 2's declin- ed B, the 5's registered IA and coupons % on the last call.
 New York Stock Market.
 By Private Wire to Murphy q Ca.