The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-01-31
STOCKS AND BONDS.

New York, Jan. 30-Today's market
again showed IFS sympathy with AIaaiga-
mated Copper. The dealings in this stock
were about twice as great as those in
sugar, and the transactions in thu two
stocks combined were an overwhelming
proportion Of the aggregate. The specu-
lation in Amalgamated Copper. while
very active. was accompanied BY much
confusion OF sentiment regarding the
actual DEVELOPMENTS in the trade II their
bearings On this security The active and
excited demand for crude copper in Lon
don this morning and apparently urgent
bidding on the local metal exchange at
advances in quotations indicated urgent
requirements in the trade. but the ad-
vance IN AmaIgamated Copper, while ap
parentIy a logical result OF these trade
developments is net BY persistent repre-
sensations from sources which the street
regard as authorized TO speak for in
siders which seemed 70 be designed 70
discourage the advance II the stock.
These representations are 70 the effect
that the supply Of metal accumulated
by the Analgamated Copper CONF any
were only sold 81 the low level, but heavy
contracts for future delivery are al
leged TO have been also made by that
company before the price Of metal rasied-
Speculative sentiment is much confused
by these conflicting interpretations art IS
made wary by the costly experiences Dur
ing TIE rapid decline in this stock
The price moved irreguiariy today, but
al a level above last night throughout
The price touched u At one time, which
represented an entire recoy cry % yes
terday's loss and i II addition The net
gain on the day is rs. Sugar was de-
pressed and al no time sold fully up 10
last nights level. This mornings pub
Hshed report Indicating little chance for
the reduction OF duties or Cuban sugar,
affected the stock throughout The pub
LEGATION Of the statement OF the United
States Steel Corporation was ignored so
far as could be perceived in the dealings
in the stocks OF that concern, which were
Of insignificant proportions. N ths rail-
road list, Southern Pacific easily held
foremost place with net advance q two
points The activity Of this stock was
associated. in the minds OF the traders.
with the resumption OF active trading OF
a leading operator after a period OF i'll
ness. It's strength helped the other trans
continentaIs by sympathy. The increased
net earnings for December OF Union Paci-
fic. following yesterdays increases by
other corn carriers was help to the vest
ern and southwestern grangers, IS the
effects OF the corn crop shortage we're
expected to develop not later than De-
cembar. The other movements Of tire day
were from individual Gauss. Evansville
and Terre Haute rose over three points
on reports Of merger with. other north
and south lines IN Ohio and Indiana. The
linseed stocks advanced strongly on re-
ports Of higher prices for Hnseed oil,
while the apparent cause for the strength
OF the distiiling stock was reduction in
the prices OF spirits. The Rock Island
rose three points on comparatively light
dealings. owing 10 the snail floating sup
ply Of the stock The price movement
generally was very narrow. but frac-
tonaI net gains were the rule at the end
Of the day The bond market became
somewhat irregular. Total sales. par
value. S3.o65 coo.
United States IS coupon advanced Y
per cent on the last call.
The closing prices Of stocks were as
=