The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-12-24
STOCKS AND BONDS.
Sugar Prominent In the Days
~TransacttoDs.


New York, Dec. 2S.-To-day's stock
market took on the tones of holiday
dullness and the volume of dealings fell
away to little over a half million
shares, of which a large proportion was
in sugar.
The fluctuations in the general mar
ket were not of great Importance out
side of sugar. There was disposition
to advance railroad stocks in the ear
Iy dealings, especially the Coalers, but
the steady liquidation in Sugar had an
unsettling influence ON the market and
the stiffness of the call loan market
discouraged speculation.
The banks generally marked up their
standing call loans to per cent. and
the greater part of the days loans
were made at that rate. The incentive
to business in a call loan rate below 6
per cent, while brokers charge their
customer per cent. to carry stocks,
was therefore lacking and commission
houses showed a languid interest in
the market. The deep cut of rs points
made by the American Sugar Refining
Company in the price of refined sugar,
thus undertaking their principal COM
petitor, caused discussion Of the prob
ability of a resumption of a war In
the trade, but much attention was also
given assertions of the threat of COM
petition growing out of the great in,
crease in production of beet sugar and
the very low prices at which that pro-
duct is selling in Europe. Only twice
during the day did sugar rally as much
as a point to interrupt its persistent
downward course. The final price was
the lowest and 69s below Saturdays
closing. The previous low record for
this year was unbroken at ll2as. To-
days final price was 109A.
Amalgamated Copper maintained it's
more stable tone. fiuctuating over less
than a point, but always below Satur-
days level. The stocks net loss is %.
There was some continued disorder
in the metal markets in London which
was reflected in a 3-point decline in
National Lead preferred here, the
common stock also losing a point The
firmness in the Coalers was due to the
urgent character of the demand for
COAL which was reported to amount
to a famine at some points thus main
tanning the prosperity of the year of
largest production and greatest profits
in the coal trade. Pittsburg, Cincinnati,
Chicago and st. Louis rose 3, and the
preferred 22k New York Air Brake
broke Is on the report of a judicial de-
cision against one of the company's
patents, but recovered a large part
of the loss. Inc PROBABILITY that mon
ey rates will not relax until some time
after Jan. repressed speculation. The
unprecedented holiday trade is max
ing large local demand for cash and
1t is reported that the trust companies
are drawing down their deposits with
the banks somewhat for their years
and requirements. There was deposited
at the sub treasury $3.50. 900 to-day for
transfer to New Orleans. Many pre-
dictions continue to circulate of jan
uary rise in prices after money. be-
comes easier.
Bonds were moderately active to-day
and irregular. Total sales, par value,
81, 705. 900 United States 3s registered
and the new As declined u per cent. on
the last call.
The total sales for the day were 510,-
200 shares, including Atchison. 1900:
Erie, II. 900; do first preferred. $780,
Hooking Valley, 5000; Manhattan, T.
200 Missouri Pacific. s100; Ontario and
Western, 1900; Pennsylvania. 10, 800;
Reading, $1,000; do first preferred, g.
900 do second preferred, 10100; st.
Paul, Il 900; Southern Pacific. 10000:
Union Pacific, 1860; Amalgamated
Copper, 1880; Brooklyn, 11,30O; Sugar,