The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-28
SUGAR WAVERED AT OPENING,
THEN LIFTED AND CLOSED UP.
The Price of the Refined Article Was Ad-
Vanced by All of the Companies Yes
terday-Bord Market Strong.

New York. December % --Todsy's deal
lngs in stocks were In ex=sss OF those OF
yesterday and the market had the appear
ance of strength and activity throughout
In fact there was active realizing going
on all day, and when belated borrowers on
rali for the money saw the rate rising
shnrply over their demand. the movement
20 realize became general. The top level
at prices were considerably reduced as
consequence and the market showed no dis
position to rally, closing Dull and steady at
the reaction. The highly speculative in
dustrials were the conspicuous features Of
the market all day. with Sugar still In the
forefront but with considerable revival
Of speculative feeling In Amalgsmated Cop
pcr. Sugar wayered In the early opening
fraction higher and touched 111l5 before
support became effective. II was lifted by
successive stages TO liT% and closed at
ll5ss. a net gain OF SM on the day snd a net
loss Of u since Saturday, The weeks cam
paign in the stock by the bears was thus
pfetty coneIusiveiy demonstrated 10 he a
failure The price Of refined sugar was ad.
vanced by all OF the compaples TO-DAY, anu
the bears continued. TO be harasseu oy IN,
tImatlons Of the advantageous position OF
The refining companies In spite OF the pre-
xaillng low prices Of the worlds large sugar
supply. There was also confident predlc.
tions that the export duties on crude sugar
wotBd be reduced Similarly hopeful views
we've expressed regarding the copper III
Iustiy. and Anialgamated Copper, with the
dividend of, advanced TO 7tA and closed a
tnoint lower. which Is equal to net gain
81 az The specuIatioS $50 continued ae-
tive In Manhattan. and that stock rose an
only u. In the railroad list. the. principal
activity continued 10 center In ihe conlers
and IN the transeontinental group Incre
were indications of profit taking In gil OF
the coalers, notably IN the Hooking Valley
stocks which show losses or TO ~ after
allowing for the dividends on. There was
a very large absorption of the Readings,
but the common stock was the only one
which rose appreciably- New Jersey rtn-
frsi gained 81. Among the transeonu.
mental stocks Atchisan exhibited the great.
est strength on the favorable showing OF
NET earnings for November. The appear.
nnce OF The iong-expected annual report Of
TInlon Pacific caused some realizing In the
stock, but II rallied well. The buying In
the general list seemed 10 come from lnrge
interests, and orders We're executed by IN
dividual brokers Ia large. amounts. The
buging was apparently based on confidence
that the money supply Is adequate 10. carry
flle market through to the period OF relax
atlen ia January. Additional reports Of de-
creased earnings for the third week In De.
cembeF OF a number u important rulroan
systems In the South, Southwest and Mid
die west were apparently without effect,
aud did not modify the strength OF the
market There WINS some evidence 'of ln-
vestnent demand among high grade stocks
The bend market was active ana strong,
and also reflected Investment bpying here
and there. Total sales. par yalue, ~ so !,
COO. listed States refunding rs declined
~ the SIS registered 4 and IS coupon Y
on the last c6u. 2 x