The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-12-28
CLOSE DULL
AND STEADY
Yesterdays Dealings Were More
Active Than Those Of Thursday
But transactions Were Con-
ueSted in a Few Stocks
lNDUSTRIALS WERE
A CENTRE OF INTEREST
Sugar and AmaIgamated Copper
Made Substantial Gains-At-
Gibson Showed Considerable
Strength Because of Large Mo-
Vember Earnings

New York, Dec. 27.-Today's dealings
in stocks were in excess Of those of yes
terday and the market had the appear
ance of strength and activity through
out. A closer analysis Of results will
show, however, that the activity and
strength were much congested in a few
prominent stocks. In fact there was
active realizing going on all day and
when belated borrowers on call found
,heir demand, the movement to real
ize 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 Al the reaction.
The highly speculative industrials
were the conspicuous features of the
market all day, with sugar still in the
fore, but with a considerable revival
of speculation in Amalgamated Cop
per. Sugar waVered in the early mar
ket after opening fraction higher and
touched 11112 before the support in the
stock became extensive. 1t was lifted
by successive stages to 1112s and closed
at 1853, a net gain of 31s on the Gay
and a net loss of y since Saturday. The
weeks campaign in the stock by the
DtdIS was lHuS pretty NbICluStN ely
demonstrated to be a failure. The price
Of refined was advanced by all the COM
panies today, and the bears continued
to be harassed by limitations of the
advantageous position Of the refining
companies in spite of the prevailing low
prices of the worlds large sugar sup
ply. There We're also confident predic-
tions that the import duties on crude
sugar would be reduced.
Similarly bortefl11 y-jnyVG yypTp
pressed regarding the copper industry
and Amalgamated Copper with he
dividend off advanced to 715s and
closed a point lower. which is equal to
a net gain of pa The speculation also
continued active in Manhattan, and
that stock rose an extreme two points
but shows a net gain of only q. In
the railroad list the principal activity
continued to centre in the COalers and
in the Trans Continental group. There
were indications Of profit taking in
some of the COalers notably in the
Hooking Valley stocks which show
losses of to IL after allowing for the
dividends off. There was a large alb
sorption of the Readings, but the COM
appreciably New Jersey Central
gained 3$
Amongst the Trans Continental
stocks, Atchison showed the greatest
strength on the favorable showing of
net earnings for November. The APP
pearance of the long expected 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 or
ders were executed by individual brOk-
ers in large amounts. The buying was
apparently based on confidence that
the money supply is adequate to carry
the market through to the period Of re-
taxation in January. Additional reports
Of decreased earnings for the third
week in December Of a number of i'm
portant railroad systems in the South
Southwest and Middle West We're ap-
parently without effect. and did not
modify the strength Of the market
There was some evidence Of investment
demand amongst high grade stocks.
The bond market was active and
strong and also reflected investment
buying here and there. Total sales, par
value S355O,000. United States Refund
ing rs declined H. the SIS registered a
and do. coupon q on the last call.