The age-herald., 1902-01-31
COPPER AGAIN
 STORMS MARKET Speculation While Active Was Accompanied by Confusion PRICES WERE IRREGULAR Publication of Statement Made By United States Steel Corporation
 Was lgnored-southern Pa
 eIfic Led Railroad List.
PRICES WERE IRREGULAR

New York, January s0.-Todays mar ket again showed its sympathy "ilh Amalgamated copper. The dealings Ill this stock were about twice as great as those in sugar and the transactions in the two stocks combined were an oV- erwhelming proportion of the aggregate
 The speculation in Amalgamated cop per, while very active, was accompanied by much confusion in sentiment regard ing the actual developments in the trade and their bearings on this security. The active and excited demand for crude cop per in London this morning and appar- ent urging bidding on the local metal exchange at all advancing quotations in- dicated urgent requirements in the trade, but the advance in Amalgamated copper while apparently logical result of bet ter trade developments Is met by persist ent representations from sources from which the street regards as authorized to speak for insiders which seemed to be designed to discourage the advance in the stock. These representations are to the effect that the supply of metal accumul- ated by the Amalgamated Copper Com
  level but heavy contracts for future de- livery are alleged to have been made by that company before the price of the metal rallied Speculative sentiment is much confused by these conflding inter pretations Is made wary by the costly eK- periences during the rapid decline in this stock.
 The price moved irregularly today, but at level above last night throughout. ' t1..a 1-ia laI fo1a represented an entire recovery of yester days loss and 1s in addition. The net gain on the day Is 19s. Sugar was de- pressed and at no time sold fully up to last nights level This mornings pub lished report, indicating little chance for the reduction of duties on Cuban sugar - affected the stock throughout. The pub lieation 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
 In the railroad list Southern Pacific easily held foremost place with net ad- vance of points. The activity of this stock was associated, in the minds of traders with the resumption of active trading of a leading operator after a period of illness Its strength helped the other transcontinentals by sympathy. The increased net earnings for December or Union Pacific. following yesterdays in- rreases by other corn-carrying roads, was . help to the western and southwestern Brangers, as the effects of the corn crop Shortage wers expected to develop not later than December. The other move ments of the day were from individual causes Evansville and Terre Haute rose over points on reports of a merger with other north and south lines in Ohio and Indiana.
 The loosed stocks advanced strongly on reports of higher prices for linseed oil, whilethe apparent cause for the strength of the distilling stocks was a reduction in the prices of spirits. Rock Island rose 8 points on comparatively light dealings, owing to the small floating supply of the stock. The price movement generally was very narrow, but fractional net gains were the rule at the end of the day.
 The bond market became somewhat ir- regular. Total sales, par value, $2, $50, ,000
 United States s. coupon, advanced F per cent on the last call.
 New York Stock Market.
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