The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-31


NEW YORK, Jan 30.-Today's market
again showed its sympathy with Anal
gamated Copper Dealings in this stock
Were about twice as great as those IN
Sugar, and transactions in the two stocks
combined were an overwhelming proper
ton of the aggregate. Speculation in
Amalgamated Copper, while very actiye,
was accompanied by much confusion of
sentiment regarding the actual develop
ments in the trade and their bearings on
this security. The active and excited de
mand for crude copper in London this
morning and apparently urgent bidding
on the local metal exchange at an adj
vance in quota tons indicated urgent re-
quirements In the trade, but the advance
in Amalgamated Copper, while appar-
entity q logical result of these trade Ge-
velopments, is met by persistent repre-
Senta lions from sources which the street
regards as authorized to speak for iii
siders which seemed to be designed to
discourage the advance in the stock
These representations are to the effect
that the supply of metal accumulated
by the Amalgamated Copper company
were not only sold at the low level, but
heavy contracts for future delivery are
alleged to have been also made by that
company before the price of the metal
rallied. Speculative sentiment is much
confused by these conflicting interpreted
tons and is made wary by the costly ex-
periences during the rapid decline in this
stock. The price moved irreguIarly to-
day, but at level above last night
throughout, The price touched II at one
time, which represented an entire recov-
cry of yesterdays loss and Il in addition
The net gain on the day is rs.
Sugar was depressed, and at no time
sold fully up to last nights level Fhis
mornings published report indicating
little chance for the reduction of duties
on Cuban sugar affected the st took
throughout The publication Of the state
ment of the United States Steel corpora
ton was ignored, SO far as could be per
ceiYed 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
a net advance of 2 points. The activity
Of this stock was associated in the minds
of the traders with the resumption Of
active trade of a leading operator after a
period of illness Its strength helped the
other transcontinentals by sympathy.
The increased net earnings for December
OF Union Pacific, following yesterdays
increases by other corn carriers, was a
help to the Western and Southwestern
grangers, as the effects of the corn crop
shortage were expected to develop not
later than December. The other move
ments of the day were from individual
causes. Evansville &, Terre Haute rose
oVer3 points on reports of a merger with
other north and south lines in Ohio and
Indiana. The linseed stocks advanced
linSeed oil, while the apparent cause Cor
the strength of the distilling stocks was
a reduction in the prices of spirits. Rock
Island rose points on comparatively
light dealings owing to the small supply
of the stock. The price movement genGr-
ally was very narrow, but fractional net
gains We're the rule at the end OF the
day.
regular. Total sales, par value, $5,O65,G9O
United States IS coupon advanced p per
cent on the last call.
Stocks.