The age-herald., 1902-01-25
Unsuccessful Effort Made to Hold Stocks Together
INDIVIDUALS MARKED UP
uneaslness of Professionals to Take Profits Checked the Advance and the Whole Market Reacted,
 Dropping Below Thursday

New York. January 24-There were at- tennis to hold the market this morning by marking up of individual stocks whlch proved successful until the uneasiness or the professionals to take their prohts checked the advance The whole mar ket then reacted, dropping generally to well below last night. There was an- other upward movement when shorts covered which reduced the days net changes to insignificant proportions, but made the closing firm. Fully one-third of the days transactions were in sugar and Amalgamated copper. Except for these, there were not half a dozen stocks in which the transactions amounted to 10000 shares.
 Metropolitan street railway started up- ward to 172A but fell back to over point below last night and closed un- changed The dealings in sugar were on very large scale with no news to account for them beyond the general expectation of reduction in duties on Cuban sugars This stock was lifted nearly points but fell back to below last nights level and also closed unchang- ed. Amalgamated copper fared better the late recovery carrying 1t back to fs1sr the best of the day. and at net advance of 1R The buying was apparently by speculative pool who cited the strength of coppers in foreign markets as an argu- ment in its favor
 There were also reports of improved trade conditions as indicated by the good demand off raw copper in Europe and re- ports of large export demand here. Ru- mors of an agreement to restrict the output of American producers accompa- nied the advance.
 The strength of American smelting was supposed to be in sympathy. The Wabash stocks and Western Union were noticea- bly, firm and Peoples Gas showed some strength on the declaration of the regu- lar quarterly dividend. St. Lawrence and Adirondack rose nearly points more on the announcement of the purchase of Canadian connection in it's interest and the redemption of 000 of it's per cent bonds. There was no news during the day to explain satisfactory the reaction ary tendency which developed which, therefore, must be credited to profit taking.
 The reports of very cold weather threat ening the West may have had some what depressing influence as 1t had a strengthening influence on wheat The sitting of the interstate commerce com mission the matter Of railway com binations was the subject of discussion and may have had a depressing effect. The preliminary figures of the week cash movement were good as expected, indicating a gain by the banks of nearly 100000 in cash, of which sub-treasury operations yielded $2,37S,O00. The loan item offers the usual puzzle, but the de- cline in interest rates and the known fact that interior banks have been lend CTS in New York, detract from the supo- sition of any large loan expansion.
 The bond market continued quite active but proft-taking made it's impression there as well as in stocks. There were some newly active issues on the other hand which were strong. Total sales, par value, s, ,665 900. United States bonds were all unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy & Co.