The Washington times., 1901-12-28
PRICES TAKE
UPWARD TURN,
Easy Money Favorable to
Further Advances.
SUGAR REFINING AGAIN A FEATURE
Amalgam Copper and Ana
conda Also Share in the Rise -
Foreign Houses Steady Buyers
of American Stocks Gains in the
Railway Quarter Steel Firmer.

NEW YORK Dec pa further ad-
vance in prices in The stock market today
was entirely based upon the fairly easy
conditions prevailing in the money mar
het, and the expectations that the heavy
January disbursements for interest and
dividends will be succeeded by an active
demand for investment securities.
There was marked increase in ac-
tiyi,y today in the dealings. both in stocks
and bonds, and interest was much better
diversified than it has been al any tine
in more than a week.
London n Heavy Buyer.
The roopen'ng Of business upon the
London Stock Exchange brough with it a
higher range of prices for American
stocks. and foreign houses were steady
buyers in this market throughout the
morning session. their total takings being
upward of 10000 shares
There was some increase noted in the
volume OF commission house business. but
the trading was still largely professional
The days situation was cirCumscrihed by
the money market and foreign exchange
conditions, and by the returns Of railway
traffic submitted and the dividends de-
clared
Plenty of Call Money.
Money on call was fairly free in sup
ply, a circumstance that was responded
to by an immediate advance in the rates
for sterling exchange. The returns of
railway traffic again made conflicting
shcwings. and in certain cases we're ex-
planned as owing to the prevalence of ex-
tremely cold weather in the sections re-
porting.
Sugar Refining was again the feature Of
the market in respect of activity, and the
stock scored a further sharp advance on
the announcement of the partial Testora-
tioD OF selling prices for the company's
product. Elsewhere in the industrial
quarter the International Paper Stocks
were strong. and the United States Steel
issues were firmer. on fairly large deal
irgs.
Copper I'm Demand.
Among the specialties Amalgamated
Copper and anaconda advanced sharyly
with nothing novel in the way of news
or gossip to be cited In regard 10 their
course. The hr1a features in that direc-
tion were Consolidated Gas. Peoples Gas,
and Tennessee Coal and Iron.
Manhattan Railway led the local trae-
tion issues in a sharp advance, and Brook
lyn Rapid Transit was strong. In the rail-
way list the most noteworthy movements
were in Baltimore and Ohio, Missouri
Pacific the Reading stocks. and st.
Paul.
The long delayed annual report Of the
Union Pacific Company was made pub
lie toGay. and, as had been expected the
compary's traffic returns made a most
excellent showing. The various projects
with which the management has been oc-
cupied during the year. however, render
necessary an exhaustive study Of the re-
port in order that 1t may be intelligently
understood.
Not Worried by Statement.
In view OF the comparative ease in
the money market, less than the ordi-
nary amount of attention was devoted 10
the probable showing of the bank state
ment tomorrow, and for the same reason
IL was expected that the banks would be
able to make n fairly strong exhibit.